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FullerTSE:387A +0.41%19 Gross Margin % is 33.18% as of Dec. 2025, which is 26% below its 10-year median of 45.03. GuruFocus rates TSE:387A with a GF Score™ of 19/100. The stock has 2 warning signs investors should review. Among 2,683 Software companies, Fuller ranks worse than 52.7% on this metric.
Gross Margin % is calculated as gross profit divided by its revenue. Fuller's Gross Profit for the
six
months ended in Dec. 2025 was 円315 Mil. Fuller's Revenue for the
six
months ended in Dec. 2025 was 円949 Mil. Therefore, Fuller's Gross Margin % for the quarter that ended in Dec. 2025 was 33.18%.
The historical rank and industry rank for Fuller's Gross Margin % or its related term are showing as below:
TSE:387A'
s Gross Margin % Range Over the Past 10 Years
Min: 38.4 Med: 45.03 Max: 49.7
Current: 38.4
During the past 5 years, the highestGross Margin % of Fuller was 49.70%. The lowest was 38.40%. And the median was 45.03%.
TSE:387A's Gross Margin % is ranked worse than 52.7% of 2683
companies
in the Software industry
Industry Median: 40.47
vs TSE:387A: 38.40
Fuller had a gross margin of 33.18% for the quarter that ended in Dec. 2025 => Competition eroding margins
The 5-Year average Growth Rate of Gross Margin for Fuller was 0.00% per year.
Fuller (TSE:387A) 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
Fuller had a gross margin of 33.18% for the quarter that ended in Dec. 2025 => 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.
Fuller Gross Margin % Related Terms
Fuller Gross Margin % Historical Data
* Premium members only.
The historical data trend for Fuller'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.
TSE:387A vs UBER, SHOP, CRM: Gross Margin % Comparison
For the Software - Application subindustry, Fuller'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.
Fuller Gross Margin % vs Software Industry
For the Software industry and Technology sector, Fuller's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Fuller'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.
Fuller (TSE:387A) has a Gross Margin % of 33.18% as of Dec. 2025. Gross margin is the ratio of total gross profit to net sales. View historical data on Fuller and its competitors. This is 26% below median its historical median of 45.03. Over the past decade, Fuller's Gross Margin % has ranged from 38.40 to 49.70. According to the industry distribution chart, Fuller ranks #1414 out of 2683 companies in the Software industry, placing it in the top 52.7%.
Is Fuller's Gross Margin % too high?
Fuller's current Gross Margin % of 33.18% is 26% below median its 10-year median of 45.03. Over the past 10 years, this metric has ranged from a low of 38.40 to a high of 49.70. The Software industry median Gross Margin % is 40.47. Fuller's value of 33.18% is 18% below this industry median. Based on the distribution chart, Fuller ranks #1414 out of 2683 companies in the Software industry, which is below the industry midpoint. Overall, Fuller has a GF Score™ of 19/100, reflecting its overall financial health beyond just this single metric.
How does Fuller's Gross Margin % compare to UBER and SHOP?
According to the Software industry distribution chart, Fuller ranks #1414 out of 2683 companies for Gross Margin %. This places Fuller in the lower half of its industry. The industry median Gross Margin % is 40.47. Fuller's value of 33.18% is 18% below this benchmark. Historically, Fuller's own Gross Margin % has ranged from 38.40 to 49.70 over the past decade. While the company's 10-year median is 45.03 vs. the industry median of 40.47, Fuller 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 Software company?
The median Gross Margin % among Software companies is 40.47, based on 2,683 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. Fuller's current Gross Margin % of 33.18% is 18% 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 Fuller and its competitors. For the Software industry, the median Gross Margin % is 40.47 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Fuller's current Gross Margin % is 33.18%, which is 26% below median its own 10-year median of 45.03. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fuller stock overvalued right now?
Fuller (TSE:387A) has a current Gross Margin % of 33.18%. The current Gross Margin % is 33.18%, which is 26% below median its 10-year median of 45.03 and 18% below the Software industry median of 40.47. Fuller's overall GF Score™ is 19/100 with 2 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 Fuller (TSE:387A), the current Gross Margin % is 33.18% as of Dec. 2025. 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.
Fuller Inc has been growing its business with its base set in mobile. Fuller, with its core business centered around what smartphones are used for and analyzing data, operates by giving a great deal of consideration to its clients. In order to increase the value of its clients, the company comprehensively supports the success of mobile businesses of its clients through planning business models, researching competitors, developing and operating applications, analyzing usage data, and compiling tailored reports. The company develops apps by planning new business plans for the mobile generation and shifting existing services to mobile devices.
19GF Score
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