Quercus TFI (WAR:QRS) Gross Margin %: 87.20% (As of Mar. 2026) — Near Median

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WAR:QRS Quercus TFI SA WAR:QRS
96 GF Score
Price zł13.06
GF Value zł14.38
Valuation Fairly Valued
! 2 Warning Signs
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What is Quercus TFI Gross Margin %?

Quercus TFI WAR:QRS -1.80% 96 Gross Margin % is 87.20% as of Mar. 2026, which is 7% above its 10-year median of 81.41. GuruFocus rates WAR:QRS with a GF Score™ of 96/100 and a GF Value™ of zł14.38 (Fairly Valued). The stock has 2 warning signs investors should review. Among 550 Asset Management companies, Quercus TFI ranks better than 73.64% on this metric.

Gross Margin % is calculated as gross profit divided by its revenue. Quercus TFI's Gross Profit for the three months ended in Mar. 2026 was zł49.1 Mil. Quercus TFI's Revenue for the three months ended in Mar. 2026 was zł56.3 Mil. Therefore, Quercus TFI's Gross Margin % for the quarter that ended in Mar. 2026 was 87.20%.


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

WAR:QRS' s Gross Margin % Range Over the Past 10 Years
Min: 78.25   Med: 81.41   Max: 92.62
Current: 83.5


During the past 13 years, the highest Gross Margin % of Quercus TFI was 92.62%. The lowest was 78.25%. And the median was 81.41%.

WAR:QRS's Gross Margin % is ranked better than
73.64% of 550 companies
in the Asset Management industry
Industry Median: 57.13 vs WAR:QRS: 83.50

Quercus TFI had a gross margin of 87.20% for the quarter that ended in Mar. 2026 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Quercus TFI was 0.70% per year.


Quercus TFI  (WAR:QRS) 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

Quercus TFI had a gross margin of 87.20% for the quarter that ended in Mar. 2026 => Durable 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.


Quercus TFI Gross Margin % Related Terms


Quercus TFI Gross Margin % Historical Data

* Premium members only.

The historical data trend for Quercus TFI'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.

Quercus TFI Gross Margin % Chart

Quercus TFI 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 78.25 79.75 78.88 80.48 82.34

Quercus TFI 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 82.74 84.37 84.23 79.38 87.20

WAR:QRS vs BLK, BX, KKR: Gross Margin % Comparison

For the Asset Management subindustry, Quercus TFI'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.


Quercus TFI Gross Margin % vs Asset Management Industry

For the Asset Management industry and Financial Services sector, Quercus TFI's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Quercus TFI's Gross Margin % falls into.


WAR:QRS
96GF Score
Quercus TFI SA WAR:QRS
Gross Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Quercus TFI Gross Margin % Calculation

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

Quercus TFI'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 )
=166.8 / 202.611
=(Revenue - Cost of Goods Sold) / Revenue
=(202.611 - 35.791) / 202.611
=82.34 %

Quercus TFI'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 )
=49.1 / 56.258
=(Revenue - Cost of Goods Sold) / Revenue
=(56.258 - 7.201) / 56.258
=87.20 %

* 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 87.20% mean?
Quercus TFI (WAR:QRS) has a Gross Margin % of 87.20% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Quercus TFI and its competitors. This is near median its historical median of 81.41. Over the past decade, Quercus TFI's Gross Margin % has ranged from 78.25 to 92.62. According to the industry distribution chart, Quercus TFI ranks #145 out of 550 companies in the Asset Management industry, placing it in the top 26.4%.
Is Quercus TFI's Gross Margin % too high?
Quercus TFI's current Gross Margin % of 87.20% is near median its 10-year median of 81.41. Over the past 10 years, this metric has ranged from a low of 78.25 to a high of 92.62. The Asset Management industry median Gross Margin % is 57.13. Quercus TFI's value of 87.20% is 52.6% above this industry median. Based on the distribution chart, Quercus TFI ranks #145 out of 550 companies in the Asset Management industry, which is above the industry midpoint. Overall, Quercus TFI has a GF Score™ of 96/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Quercus TFI's Gross Margin % compare to BLK and BX?
According to the Asset Management industry distribution chart, Quercus TFI ranks #145 out of 550 companies for Gross Margin %. This puts Quercus TFI in the upper half of its industry. The industry median Gross Margin % is 57.13. Quercus TFI's value of 87.20% is 52.6% above this benchmark. Historically, Quercus TFI's own Gross Margin % has ranged from 78.25 to 92.62 over the past decade. While the company's 10-year median is 81.41 vs. the industry median of 57.13, Quercus TFI 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 an Asset Management company?
The median Gross Margin % among Asset Management companies is 57.13, based on 550 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. Quercus TFI's current Gross Margin % of 87.20% is 52.6% 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 Quercus TFI and its competitors. For the Asset Management industry, the median Gross Margin % is 57.13 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Quercus TFI's current Gross Margin % is 87.20%, which is near median its own 10-year median of 81.41. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Quercus TFI stock overvalued right now?
Based on GuruFocus' analysis, Quercus TFI (WAR:QRS) is currently considered Fairly Valued. The stock's GF Value™ is zł14.38, compared to a current price of zł13.06 — trading 9.2% below its estimated fair value. The current Gross Margin % is 87.20%, which is near median its 10-year median of 81.41 and 52.6% above the Asset Management industry median of 57.13. Quercus TFI's overall GF Score™ is 96/100 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 Quercus TFI (WAR:QRS), the current Gross Margin % is 87.20% 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 Quercus TFI (WAR:QRS) Overvalued in 2026?

Based on GuruFocus' analysis, Quercus TFI stock appears to be undervalued. The current stock price of zł13.06 is trading 9.2% below its estimated GF Value™ of zł14.38. GuruFocus considers Quercus TFI to be Fairly Valued.

Key valuation signals for WAR:QRS:

  • Gross Margin %: 87.20% (near median its 10-year median of 81.41)
  • GF Value™: zł14.38 vs. price of zł13.06 (9.2% below fair value)
  • GF Score™: 96/100 with 2 warning signs
  • Industry Position: 52.6% above the Asset Management median (#145 of 550)

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


Quercus TFI Business Description

Other Exchanges 85R:Germany
Address ul. Nowy Swiat 6/12, Warsaw, POL, 00400
Quercus TFI SA is an investment fund company in Poland whose offer is mainly targeted at high net-worth Investors. The products of the company include Quercus Short-Term Debt, Quercus Capital Protection, Quercus Treasury Bonds, Quercus Stable, Quercus Aggressive and Quercus Gold among others.
96GF Score

Get the complete analysis for WAR:QRS

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

zł13.06
Price
zł14.38
GF Value