Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
BQE WaterTSXV:BQE 85 Gross Margin % is 24.56% as of Mar. 2026, which is 49% below its 10-year median of 48.20. GuruFocus rates TSXV:BQE with a GF Score™ of 85/100 and a GF Value™ of C$75.65 (Fairly Valued). The stock has 3 warning signs investors should review. Among 232 Waste Management companies, BQE Water ranks better than 68.97% on this metric.
Gross Margin % is calculated as gross profit divided by its revenue. BQE Water's Gross Profit for the
three
months ended in Mar. 2026 was C$1.18 Mil. BQE Water's Revenue for the
three
months ended in Mar. 2026 was C$4.80 Mil. Therefore, BQE Water's Gross Margin % for the quarter that ended in Mar. 2026 was 24.56%.
The historical rank and industry rank for BQE Water's Gross Margin % or its related term are showing as below:
TSXV:BQE'
s Gross Margin % Range Over the Past 10 Years
Min: 40.24 Med: 48.2 Max: 55.62
Current: 40.24
During the past 13 years, the highestGross Margin % of BQE Water was 55.62%. The lowest was 40.24%. And the median was 48.20%.
TSXV:BQE's Gross Margin % is ranked better than 68.97% of 232
companies
in the Waste Management industry
Industry Median: 27.725
vs TSXV:BQE: 40.24
BQE Water had a gross margin of 24.56% for the quarter that ended in Mar. 2026 => Competition eroding margins
The 5-Year average Growth Rate of Gross Margin for BQE Water was 1.00% per year.
BQE Water (TSXV:BQE) 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
BQE Water had a gross margin of 24.56% for the quarter that ended in Mar. 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.
BQE Water Gross Margin % Related Terms
BQE Water Gross Margin % Historical Data
* Premium members only.
The historical data trend for BQE Water'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.
TSXV:BQE vs WM, RSG, WCN: Gross Margin % Comparison
For the Waste Management subindustry, BQE Water'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.
BQE Water Gross Margin % vs Waste Management Industry
For the Waste Management industry and Industrials sector, BQE Water's Gross Margin % distribution charts can be found below:
* The bar in red indicates where BQE Water'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.
BQE Water (TSXV:BQE) has a Gross Margin % of 24.56% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on BQE Water and its competitors. This is 49% below median its historical median of 48.20. Over the past decade, BQE Water's Gross Margin % has ranged from 40.24 to 55.62. According to the industry distribution chart, BQE Water ranks #72 out of 232 companies in the Waste Management industry, placing it in the top 31%.
Is BQE Water's Gross Margin % too high?
BQE Water's current Gross Margin % of 24.56% is 49% below median its 10-year median of 48.20. Over the past 10 years, this metric has ranged from a low of 40.24 to a high of 55.62. The Waste Management industry median Gross Margin % is 27.73. BQE Water's value of 24.56% is 11.4% below this industry median. Based on the distribution chart, BQE Water ranks #72 out of 232 companies in the Waste Management industry, which is above the industry midpoint. Overall, BQE Water has a GF Score™ of 85/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does BQE Water's Gross Margin % compare to WM and RSG?
According to the Waste Management industry distribution chart, BQE Water ranks #72 out of 232 companies for Gross Margin %. This puts BQE Water in the upper half of its industry. The industry median Gross Margin % is 27.73. BQE Water's value of 24.56% is 11.4% below this benchmark. Historically, BQE Water's own Gross Margin % has ranged from 40.24 to 55.62 over the past decade. While the company's 10-year median is 48.20 vs. the industry median of 27.73, BQE Water 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 Waste Management company?
The median Gross Margin % among Waste Management companies is 27.73, based on 232 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. BQE Water's current Gross Margin % of 24.56% is 11.4% 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 BQE Water and its competitors. For the Waste Management industry, the median Gross Margin % is 27.73 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. BQE Water's current Gross Margin % is 24.56%, which is 49% below median its own 10-year median of 48.20. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is BQE Water stock overvalued right now?
Based on GuruFocus' analysis, BQE Water (TSXV:BQE) is currently considered Fairly Valued. The stock's GF Value™ is C$75.65, compared to a current price of C$74.94 — trading 0.9% below its estimated fair value. The current Gross Margin % is 24.56%, which is 49% below median its 10-year median of 48.20 and 11.4% below the Waste Management industry median of 27.73. BQE Water's overall GF Score™ is 85/100 with 3 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 BQE Water (TSXV:BQE), the current Gross Margin % is 24.56% 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 BQE Water (TSXV:BQE) Overvalued in 2026?
Based on GuruFocus' analysis, BQE Water stock appears to be undervalued.
The current stock price of C$74.94 is trading 0.9% below its estimated GF Value™ of C$75.65.
GuruFocus considers BQE Water to be Fairly Valued.
Key valuation signals for TSXV:BQE:
Gross Margin %: 24.56% (49% below median its 10-year median of 48.20)
GF Value™: C$75.65 vs. price of C$74.94 (0.9% below fair value)
Industry Position: 11.4% below the Waste Management median (#72 of 232)
No single metric tells the full story. See the TSXV:BQE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
BQE Water Inc is a service provider specializing in water treatment and management for metals mining, smelting and refining. It is helping to transform the way the industry thinks about water in the context of natural resource projects by offering services and expertise that enable more sustainable water management practices and improved overall project performance at reduced risks. BQE Water invests in and has developed intellectual property through the commercialization of several new technologies at mine sites around the world for organizations including Glencore, Jiangxi Copper, Freeport-McMoRan and the US EPA.
85GF Score
Get the complete analysis for TSXV:BQE
Gross Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
TSXV:BQE has been successfully added to your 
