Develop GlobalVTEXF 51 Gross Margin % is 37.09% as of Dec. 2025, which is 15% below its 10-year median of 43.66. GuruFocus rates VTEXF with a GF Score™ of 51/100 and a GF Value™ of $3.49. The stock has 5 warning signs investors should review. Among 730 Metals & Mining companies, Develop Global ranks better than 76.16% on this metric.
The historical rank and industry rank for Develop Global's Gross Margin % or its related term are showing as below:
VTEXF'
s Gross Margin % Range Over the Past 10 Years
Min: 5.19 Med: 43.66 Max: 72.27
Current: 51.76
During the past 13 years, the highestGross Margin % of Develop Global was 72.27%. The lowest was 5.19%. And the median was 43.66%.
VTEXF's Gross Margin % is ranked better than 76.16% of 730
companies
in the Metals & Mining industry
Industry Median: 26.175
vs VTEXF: 51.76
Develop Global had a gross margin of 37.09% for the quarter that ended in Dec. 2025 => Competition eroding margins
The 5-Year average Growth Rate of Gross Margin for Develop Global was 0.00% per year.
Develop Global (OTCPK:VTEXF) 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
Develop Global had a gross margin of 37.09% 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.
Develop Global Gross Margin % Related Terms
Develop Global Gross Margin % Historical Data
* Premium members only.
The historical data trend for Develop Global'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.
Develop Global Gross Margin % Competitor Comparison
For the Other Industrial Metals & Mining subindustry, Develop Global'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.
Develop Global Gross Margin % vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Develop Global's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Develop Global'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.
Develop Global (VTEXF) has a Gross Margin % of 37.09% as of Dec. 2025. Gross margin is the ratio of total gross profit to net sales. View historical data on Develop Global and its competitors. This is 15% below median its historical median of 43.66. Over the past decade, Develop Global's Gross Margin % has ranged from 5.19 to 72.27. According to the industry distribution chart, Develop Global ranks #174 out of 730 companies in the Metals & Mining industry, placing it in the top 23.8%.
Is Develop Global's Gross Margin % too high?
Develop Global's current Gross Margin % of 37.09% is 15% below median its 10-year median of 43.66. Over the past 10 years, this metric has ranged from a low of 5.19 to a high of 72.27. The Metals & Mining industry median Gross Margin % is 26.18. Develop Global's value of 37.09% is 41.7% above this industry median. Based on the distribution chart, Develop Global ranks #174 out of 730 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers. Overall, Develop Global has a GF Score™ of 51/100, reflecting its overall financial health beyond just this single metric.
How does Develop Global's Gross Margin % compare to competitors?
According to the Metals & Mining industry distribution chart, Develop Global ranks #174 out of 730 companies for Gross Margin %. This places Develop Global in the top 24% of its industry — outperforming the majority of peers. The industry median Gross Margin % is 26.18. Develop Global's value of 37.09% is 41.7% above this benchmark. Historically, Develop Global's own Gross Margin % has ranged from 5.19 to 72.27 over the past decade. While the company's 10-year median is 43.66 vs. the industry median of 26.18, Develop Global has consistently been above 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 Metals & Mining company?
The median Gross Margin % among Metals & Mining companies is 26.18, based on 730 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. Develop Global's current Gross Margin % of 37.09% is 41.7% above 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 Develop Global and its competitors. For the Metals & Mining industry, the median Gross Margin % is 26.18 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Develop Global's current Gross Margin % is 37.09%, which is 15% below median its own 10-year median of 43.66. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Develop Global stock overvalued right now?
Develop Global (VTEXF) has a current Gross Margin % of 37.09%. The stock's GF Value™ is $3.49, compared to a current price of $3.66 — trading 4.9% above its estimated fair value. The current Gross Margin % is 37.09%, which is 15% below median its 10-year median of 43.66 and 41.7% above the Metals & Mining industry median of 26.18. Develop Global's overall GF Score™ is 51/100 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 Develop Global (VTEXF), the current Gross Margin % is 37.09% 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.
Is Develop Global (VTEXF) Overvalued in 2026?
Based on GuruFocus' analysis, Develop Global stock appears to be overvalued.
The current stock price of $3.66 is trading 4.9% above its estimated GF Value™ of $3.49.
Key valuation signals for VTEXF:
Gross Margin %: 37.09% (15% below median its 10-year median of 43.66)
GF Value™: $3.49 vs. price of $3.66 (4.9% above fair value)
Industry Position: 41.7% above the Metals & Mining median (#174 of 730)
No single metric tells the full story. See the VTEXF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Develop Global Ltd is an Australian company focused on the exploration and development of its advanced zinc-copper projects located near Port Hedland in the premier Pilbara mining province of Western Australia. The company owns two advanced Zinc / Copper projects which include Woodlawn Copper and Sulphur Springs.
51GF Score
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