Canadian Spirit ResourcesTSXV:SPI Gross Margin % is -11.70% as of Mar. 2026. The stock has 3 warning signs investors should review. Among 870 Oil & Gas companies, Canadian Spirit Resources ranks worse than 97.7% on this metric.
Canadian Spirit Resources (TSXV:SPI) 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
Canadian Spirit Resources had a gross margin of -11.70% 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.
Canadian Spirit Resources Gross Margin % Related Terms
Canadian Spirit Resources Gross Margin % Historical Data
* 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:SPI vs COP, EOG, FANG: Gross Margin % Comparison
For the Oil & Gas E&P subindustry, Canadian Spirit Resources'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.
Canadian Spirit Resources Gross Margin % vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Canadian Spirit Resources's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Canadian Spirit Resources'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.
Canadian Spirit Resources (TSXV:SPI) has a Gross Margin % of -11.70% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Canadian Spirit Resources and its competitors. According to the industry distribution chart, Canadian Spirit Resources ranks #850 out of 870 companies in the Oil & Gas industry, placing it in the top 97.7%.
Is Canadian Spirit Resources' Gross Margin % too high?
Canadian Spirit Resources' current Gross Margin % is -11.70%. Based on the distribution chart, Canadian Spirit Resources ranks #850 out of 870 companies in the Oil & Gas industry, which is in the bottom quartile relative to peers.
How does Canadian Spirit Resources' Gross Margin % compare to COP and EOG?
According to the Oil & Gas industry distribution chart, Canadian Spirit Resources ranks #850 out of 870 companies for Gross Margin %. This places Canadian Spirit Resources in the lower half of its industry. The industry median Gross Margin % is 25.62. 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 Oil & Gas company?
The median Gross Margin % among Oil & Gas companies is 25.62, based on 870 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 Canadian Spirit Resources and its competitors. For the Oil & Gas industry, the median Gross Margin % is 25.62 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Canadian Spirit Resources's current Gross Margin % is -11.70%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Canadian Spirit Resources stock overvalued right now?
Canadian Spirit Resources (TSXV:SPI) has a current Gross Margin % of -11.70%. The current Gross Margin % is -11.70%. 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 Canadian Spirit Resources (TSXV:SPI), the current Gross Margin % is -11.70% 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.
Canadian Spirit Resources Inc is a natural resources company focusing on the identification and development of opportunities in the unconventional natural gas sector of the energy industry. It is focused on the exploration and production of natural gas in the Montney Formation of northeast British Columbia.
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