S-Pool (TSE:2471) Gross Margin %: 33.93% (As of Feb. 2026) — 12% Above Median


TSE:2471 S-Pool Inc TSE:2471
76 GF Score
Price 円260.00
GF Value 円347.16
Valuation Modestly Undervalued
! 5 Warning Signs
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What is S-Pool Gross Margin %?

S-Pool TSE:2471 +1.17% 76 Gross Margin % is 33.93% as of Feb. 2026, which is 12% above its 10-year median of 30.32. GuruFocus rates TSE:2471 with a GF Score™ of 76/100 and a GF Value™ of 円347.16 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 1,007 Business Services companies, S-Pool ranks better than 54.22% on this metric.

Gross Margin % is calculated as gross profit divided by its revenue. S-Pool's Gross Profit for the three months ended in Feb. 2026 was 円2,015 Mil. S-Pool's Revenue for the three months ended in Feb. 2026 was 円5,938 Mil. Therefore, S-Pool's Gross Margin % for the quarter that ended in Feb. 2026 was 33.93%.


The historical rank and industry rank for S-Pool's Gross Margin % or its related term are showing as below:

TSE:2471' s Gross Margin % Range Over the Past 10 Years
Min: 27.18   Med: 30.32   Max: 90.4
Current: 37.31


During the past 13 years, the highest Gross Margin % of S-Pool was 90.40%. The lowest was 27.18%. And the median was 30.32%.

TSE:2471's Gross Margin % is ranked better than
54.22% of 1007 companies
in the Business Services industry
Industry Median: 34.5 vs TSE:2471: 37.31

S-Pool had a gross margin of 33.93% for the quarter that ended in Feb. 2026 => Competition eroding margins

The 5-Year average Growth Rate of Gross Margin for S-Pool was 2.00% per year.


S-Pool  (TSE:2471) 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

S-Pool had a gross margin of 33.93% for the quarter that ended in Feb. 2026 => Competition eroding margins


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.


S-Pool Gross Margin % Related Terms


S-Pool Gross Margin % Historical Data

* Premium members only.

The historical data trend for S-Pool'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.

S-Pool Gross Margin % Chart

S-Pool Annual Data
Trend Nov16 Nov17 Nov18 Nov19 Nov20 Nov21 Nov22 Nov23 Nov24 Nov25
Gross Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 30.29 90.40 34.54 37.00 37.40

S-Pool Quarterly Data
Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Nov24 Feb25 May25 Aug25 Nov25 Feb26
Gross Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 34.42 36.34 35.71 42.43 33.93

TSE:2471 vs CTAS, CPRT, ULS: Gross Margin % Comparison

For the Specialty Business Services subindustry, S-Pool'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.


S-Pool Gross Margin % vs Business Services Industry

For the Business Services industry and Industrials sector, S-Pool's Gross Margin % distribution charts can be found below:

* The bar in red indicates where S-Pool's Gross Margin % falls into.


TSE:2471
76GF Score
S-Pool Inc TSE:2471
Gross Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
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S-Pool Gross Margin % Calculation

Gross Margin is the percentage of Gross Profit out of sales or Revenue.

S-Pool's Gross Margin for the fiscal year that ended in Nov. 2025 is calculated as

Gross Margin % (A: Nov. 2025 )=Gross Profit (A: Nov. 2025 ) / Revenue (A: Nov. 2025 )
=9735 / 26029
=(Revenue - Cost of Goods Sold) / Revenue
=(26029 - 16294) / 26029
=37.40 %

S-Pool's Gross Margin for the quarter that ended in Feb. 2026 is calculated as


Gross Margin % (Q: Feb. 2026 )=Gross Profit (Q: Feb. 2026 ) / Revenue (Q: Feb. 2026 )
=2015 / 5938
=(Revenue - Cost of Goods Sold) / Revenue
=(5938 - 3923) / 5938
=33.93 %

* 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.

Frequently Asked Questions Learn more about Gross Margin % →
What does a Gross Margin % of 33.93% mean?
S-Pool (TSE:2471) has a Gross Margin % of 33.93% as of Feb. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on S-Pool and its competitors. This is 12% above median its historical median of 30.32. Over the past decade, S-Pool's Gross Margin % has ranged from 27.18 to 90.40. According to the industry distribution chart, S-Pool ranks #461 out of 1007 companies in the Business Services industry, placing it in the top 45.8%.
Is S-Pool's Gross Margin % too high?
S-Pool's current Gross Margin % of 33.93% is 12% above median its 10-year median of 30.32. Over the past 10 years, this metric has ranged from a low of 27.18 to a high of 90.40. The Business Services industry median Gross Margin % is 34.50. S-Pool's value of 33.93% is 1.7% below this industry median. Based on the distribution chart, S-Pool ranks #461 out of 1007 companies in the Business Services industry, which is above the industry midpoint. Overall, S-Pool has a GF Score™ of 76/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does S-Pool's Gross Margin % compare to CTAS and CPRT?
According to the Business Services industry distribution chart, S-Pool ranks #461 out of 1007 companies for Gross Margin %. This puts S-Pool in the upper half of its industry. The industry median Gross Margin % is 34.50. S-Pool's value of 33.93% is 1.7% below this benchmark. Historically, S-Pool's own Gross Margin % has ranged from 27.18 to 90.40 over the past decade. While the company's 10-year median is 30.32 vs. the industry median of 34.50, S-Pool has consistently been below 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 Business Services company?
The median Gross Margin % among Business Services companies is 34.50, based on 1,007 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. S-Pool's current Gross Margin % of 33.93% is 1.7% below 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 S-Pool and its competitors. For the Business Services industry, the median Gross Margin % is 34.50 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. S-Pool's current Gross Margin % is 33.93%, which is 12% above median its own 10-year median of 30.32. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is S-Pool stock overvalued right now?
Based on GuruFocus' analysis, S-Pool (TSE:2471) is currently considered Modestly Undervalued. The stock's GF Value™ is 円347.16, compared to a current price of 円260.00 — trading 25.1% below its estimated fair value. The current Gross Margin % is 33.93%, which is 12% above median its 10-year median of 30.32 and 1.7% below the Business Services industry median of 34.50. S-Pool's overall GF Score™ is 76/100 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 S-Pool (TSE:2471), the current Gross Margin % is 33.93% as of Feb. 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 S-Pool (TSE:2471) Overvalued in 2026?

Based on GuruFocus' analysis, S-Pool stock appears to be undervalued. The current stock price of 円260.00 is trading 25.1% below its estimated GF Value™ of 円347.16. GuruFocus considers S-Pool to be Modestly Undervalued.

Key valuation signals for TSE:2471:

  • Gross Margin %: 33.93% (12% above median its 10-year median of 30.32)
  • GF Value™: 円347.16 vs. price of 円260.00 (25.1% below fair value)
  • GF Score™: 76/100 with 5 warning signs
  • Industry Position: 1.7% below the Business Services median (#461 of 1007)

No single metric tells the full story. See the TSE:2471 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


S-Pool Business Description

Address 3, No. 3 Building, No. 15 Rick Hugh Edobashi 2-chome, Tokyo, JPN
S-Pool Inc is engaged in providing business solutions and human resource solutions. The solutions offered by the company include employment support service for people with disabilities, logistics outsourcing service, sales support service, and professional talent bank service.
76GF Score

Get the complete analysis for TSE:2471

Gross Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

円260.00
Price
円347.16
GF Value