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Spruce Power HoldingSPRU 42 Gross Margin % is 63.96% as of Mar. 2026, which is 23% above its 10-year median of 51.98. GuruFocus rates SPRU with a GF Score™ of 42/100 and a GF Value™ of $4.91 (Possible Value Trap). The stock has 5 warning signs investors should review. Among 1,010 Semiconductors companies, Spruce Power Holding ranks better than 95.25% on this metric.
Spruce Power Holding (NYSE:SPRU) Gross Margin % Explanation
Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.
Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %
1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key
Spruce Power Holding had a gross margin of 63.96% for the quarter that ended in Mar. 2026 => Durable competitive advantage
Be Aware
If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.
Spruce Power Holding Gross Margin % Related Terms
Spruce Power Holding Gross Margin % Historical Data
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The historical data trend for Spruce Power Holding's Gross Margin % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
SPRU vs FTCI, ASTI, BEEM: Gross Margin % Comparison
For the Solar subindustry, Spruce Power Holding's Gross Margin %, along with its competitors' market caps and Gross Margin % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Spruce Power Holding Gross Margin % vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Spruce Power Holding's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Spruce Power Holding's Gross Margin % falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.
Spruce Power Holding (SPRU) has a Gross Margin % of 63.96% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Spruce Power Holding and its competitors. This is 23% above median its historical median of 51.98. According to the industry distribution chart, Spruce Power Holding ranks #48 out of 1010 companies in the Semiconductors industry, placing it in the top 4.8%.
Is Spruce Power Holding's Gross Margin % too high?
Spruce Power Holding's current Gross Margin % of 63.96% is 23% above median its 10-year median of 51.98. The Semiconductors industry median Gross Margin % is 29.61. Spruce Power Holding's value of 63.96% is 116% above this industry median. Based on the distribution chart, Spruce Power Holding ranks #48 out of 1010 companies in the Semiconductors industry, which is in the top quartile — a strong position relative to peers. Overall, Spruce Power Holding has a GF Score™ of 42/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Spruce Power Holding's Gross Margin % compare to FTCI and ASTI?
According to the Semiconductors industry distribution chart, Spruce Power Holding ranks #48 out of 1010 companies for Gross Margin %. This places Spruce Power Holding in the top 5% of its industry — outperforming the majority of peers. The industry median Gross Margin % is 29.61. Spruce Power Holding's value of 63.96% is 116% above this benchmark. While the company's 10-year median is 51.98 vs. the industry median of 29.61, Spruce Power Holding has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Gross Margin % for a Semiconductors company?
The median Gross Margin % among Semiconductors companies is 29.61, based on 1,010 companies in the industry. Companies in the top quartile (top 25%) have a Gross Margin % significantly above this median, while those in the bottom quartile fall well below. However, Gross Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Spruce Power Holding's current Gross Margin % of 63.96% is 116% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Gross Margin % mean?
A high Gross Margin % can signal that a stock is expensive relative to its fundamentals. Gross margin is the ratio of total gross profit to net sales. View historical data on Spruce Power Holding and its competitors. For the Semiconductors industry, the median Gross Margin % is 29.61 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Spruce Power Holding's current Gross Margin % is 63.96%, which is 23% above median its own 10-year median of 51.98. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Spruce Power Holding stock overvalued right now?
Based on GuruFocus' analysis, Spruce Power Holding (SPRU) is currently considered Possible Value Trap. The stock's GF Value™ is $4.91, compared to a current price of $1.95 — trading 60.3% below its estimated fair value. The current Gross Margin % is 63.96%, which is 23% above median its 10-year median of 51.98 and 116% above the Semiconductors industry median of 29.61. Spruce Power Holding's overall GF Score™ is 42/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Gross Margin % calculated?
Gross Margin % is calculated from a company's financial statements. For Spruce Power Holding (SPRU), the current Gross Margin % is 63.96% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Spruce Power Holding (SPRU) Overvalued in 2026?
Based on GuruFocus' analysis, Spruce Power Holding stock appears to be undervalued.
The current stock price of $1.95 is trading 60.3% below its estimated GF Value™ of $4.91.
GuruFocus considers Spruce Power Holding to be Possible Value Trap.
Key valuation signals for SPRU:
Gross Margin %: 63.96% (23% above median its 10-year median of 51.98)
GF Value™: $4.91 vs. price of $1.95 (60.3% below fair value)
Industry Position: 116% above the Semiconductors median (#48 of 1010)
No single metric tells the full story. See the SPRU stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Spruce Power Holding Corp is an owner and operator of distributed solar energy assets across the United States (the U.S.), offering subscription-based services to home solar assets and customer contracts, making renewable energy more accessible to everyone. The Company's customers are homeowners and the Company's core solar service offerings generate revenues through, the sale of electricity generated by its home solar energy systems to homeowners, third-party contracts to sell solar renewable energy credits (SRECs) generated by the solar energy systems for fixed prices and the servicing of those agreements for other institutional owners of home solar energy systems.
42GF Score
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