enCore Energy (TSXV:EU) Gross Margin %: -0.35% (As of Mar. 2026)


TSXV:EU enCore Energy Corp TSXV:EU
39 GF Score
Price C$1.95
GF Value C$4.54
Valuation Possible Value Trap
! 4 Warning Signs
View Full Analysis

What is enCore Energy Gross Margin %?

enCore Energy TSXV:EU +1.56% 39 Gross Margin % is -0.35% as of Mar. 2026. GuruFocus rates TSXV:EU with a GF Score™ of 39/100 and a GF Value™ of C$4.54 (Possible Value Trap). The stock has 4 warning signs investors should review. Among 124 Other Energy Sources companies, enCore Energy ranks better than 59.68% on this metric.

Gross Margin % is calculated as gross profit divided by its revenue. enCore Energy's Gross Profit for the three months ended in Mar. 2026 was C$-0.09 Mil. enCore Energy's Revenue for the three months ended in Mar. 2026 was C$25.11 Mil. Therefore, enCore Energy's Gross Margin % for the quarter that ended in Mar. 2026 was -0.35%.


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

TSXV:EU' s Gross Margin % Range Over the Past 10 Years
Min: -12.36   Med: 17.05   Max: 37.44
Current: 22.39


During the past 13 years, the highest Gross Margin % of enCore Energy was 37.44%. The lowest was -12.36%. And the median was 17.05%.

TSXV:EU's Gross Margin % is ranked better than
59.68% of 124 companies
in the Other Energy Sources industry
Industry Median: 18.775 vs TSXV:EU: 22.39

enCore Energy had a gross margin of -0.35% for the quarter that ended in Mar. 2026 => No sustainable competitive advantage

The 5-Year average Growth Rate of Gross Margin for enCore Energy was 0.00% per year.


enCore Energy  (TSXV:EU) 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

enCore Energy had a gross margin of -0.35% for the quarter that ended in Mar. 2026 => No sustainable 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.


enCore Energy Gross Margin % Related Terms


enCore Energy Gross Margin % Historical Data

* Premium members only.

The historical data trend for enCore Energy'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.

enCore Energy Gross Margin % Chart

enCore Energy Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Gross Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 37.44 11.63 -12.36 22.46

enCore Energy Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 -0.13 30.83 43.84 37.92 -0.35

TSXV:EU vs UEC, LEU: Gross Margin % Comparison

For the Uranium subindustry, enCore Energy'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.


enCore Energy Gross Margin % vs Other Energy Sources Industry

For the Other Energy Sources industry and Energy sector, enCore Energy's Gross Margin % distribution charts can be found below:

* The bar in red indicates where enCore Energy's Gross Margin % falls into.


TSXV:EU
39GF Score
enCore Energy Corp TSXV:EU
Gross Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

enCore Energy Gross Margin % Calculation

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

enCore Energy's Gross Margin for the fiscal year that ended in Dec. 2025 is calculated as

Gross Margin % (A: Dec. 2025 )=Gross Profit (A: Dec. 2025 ) / Revenue (A: Dec. 2025 )
=13.4 / 59.532
=(Revenue - Cost of Goods Sold) / Revenue
=(59.532 - 46.162) / 59.532
=22.46 %

enCore Energy's Gross Margin for the quarter that ended in Mar. 2026 is calculated as


Gross Margin % (Q: Mar. 2026 )=Gross Profit (Q: Mar. 2026 ) / Revenue (Q: Mar. 2026 )
=-0.1 / 25.109
=(Revenue - Cost of Goods Sold) / Revenue
=(25.109 - 25.197) / 25.109
=-0.35 %

* 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 -0.35% mean?
enCore Energy (TSXV:EU) has a Gross Margin % of -0.35% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on enCore Energy and its competitors. According to the industry distribution chart, enCore Energy ranks #50 out of 124 companies in the Other Energy Sources industry, placing it in the top 40.3%.
Is enCore Energy's Gross Margin % too high?
enCore Energy's current Gross Margin % is -0.35%. Based on the distribution chart, enCore Energy ranks #50 out of 124 companies in the Other Energy Sources industry, which is above the industry midpoint. Overall, enCore Energy has a GF Score™ of 39/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does enCore Energy's Gross Margin % compare to UEC and LEU?
According to the Other Energy Sources industry distribution chart, enCore Energy ranks #50 out of 124 companies for Gross Margin %. This puts enCore Energy in the upper half of its industry. The industry median Gross Margin % is 18.78. 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 an Other Energy Sources company?
The median Gross Margin % among Other Energy Sources companies is 18.78, based on 124 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. 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 enCore Energy and its competitors. For the Other Energy Sources industry, the median Gross Margin % is 18.78 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. enCore Energy's current Gross Margin % is -0.35%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is enCore Energy stock overvalued right now?
Based on GuruFocus' analysis, enCore Energy (TSXV:EU) is currently considered Possible Value Trap. The stock's GF Value™ is C$4.54, compared to a current price of C$1.95 — trading 57% below its estimated fair value. The current Gross Margin % is -0.35%. enCore Energy's overall GF Score™ is 39/100 with 4 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 enCore Energy (TSXV:EU), the current Gross Margin % is -0.35% 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 enCore Energy (TSXV:EU) Overvalued in 2026?

Based on GuruFocus' analysis, enCore Energy stock appears to be undervalued. The current stock price of C$1.95 is trading 57% below its estimated GF Value™ of C$4.54. GuruFocus considers enCore Energy to be Possible Value Trap.

Key valuation signals for TSXV:EU:

  • Gross Margin %: -0.35%
  • GF Value™: C$4.54 vs. price of C$1.95 (57% below fair value)
  • GF Score™: 39/100 with 4 warning signs

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


enCore Energy Business Description

Other Exchanges EU:USA6TU:Germany
Address 13355 Noel Road, Suite 1700, One Galleria Tower, Dallas, TX, USA, 75240
enCore Energy Corp together with its subsidiary, is principally engaged in the acquisition, exploration, development and extraction of uranium resource properties in the United States. The Company is focused on the extraction of domestic uranium in the United States. The Company utilizes the In-Situ Recovery technology (ISR) to provide necessary fuel for the generation of clean, reliable, and carbon-free nuclear energy.
39GF Score

Get the complete analysis for TSXV:EU

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

C$1.95
Price
C$4.54
GF Value