The Dust (WAR:THD) Gross Margin %: 135.55% (As of Dec. 2025) — 19% Below Median


WAR:THD The Dust SA WAR:THD
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What is The Dust Gross Margin %?

The Dust WAR:THD -0.81% 17 Gross Margin % is 135.55% as of Dec. 2025, which is 19% below its 10-year median of 167.29. GuruFocus rates WAR:THD with a GF Score™ of 17/100. The stock has 5 warning signs investors should review. Among 497 Interactive Media companies, The Dust ranks better than 96.18% on this metric.

Gross Margin % is calculated as gross profit divided by its revenue. The Dust's Gross Profit for the three months ended in Dec. 2025 was zł0.47 Mil. The Dust's Revenue for the three months ended in Dec. 2025 was zł0.35 Mil. Therefore, The Dust's Gross Margin % for the quarter that ended in Dec. 2025 was 135.55%.


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

WAR:THD' s Gross Margin % Range Over the Past 10 Years
Min: -80.71   Med: 167.29   Max: 9149.21
Current: 131.17


During the past 10 years, the highest Gross Margin % of The Dust was 9149.21%. The lowest was -80.71%. And the median was 167.29%.

WAR:THD's Gross Margin % is ranked better than
96.18% of 497 companies
in the Interactive Media industry
Industry Median: 62.58 vs WAR:THD: 131.17

The Dust had a gross margin of 135.55% for the quarter that ended in Dec. 2025 => Durable competitive advantage

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


The Dust  (WAR:THD) 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

The Dust had a gross margin of 135.55% for the quarter that ended in Dec. 2025 => 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.


The Dust Gross Margin % Related Terms


The Dust Gross Margin % Historical Data

* Premium members only.

The historical data trend for The Dust'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.

The Dust Gross Margin % Chart

The Dust 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 -80.71 9,149.21 279.76 86.42 145.07

The Dust Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25
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 739.04 0.00 0.00 138.89 135.55

WAR:THD vs NTES, EA, TTWO: Gross Margin % Comparison

For the Electronic Gaming & Multimedia subindustry, The Dust'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.


The Dust Gross Margin % vs Interactive Media Industry

For the Interactive Media industry and Communication Services sector, The Dust's Gross Margin % distribution charts can be found below:

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


WAR:THD
17GF Score
The Dust SA WAR:THD
Gross Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
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The Dust Gross Margin % Calculation

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

The Dust'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 )
=1.4 / 0.963
=(Revenue - Cost of Goods Sold) / Revenue
=(0.963 - -0.434) / 0.963
=145.07 %

The Dust's Gross Margin for the quarter that ended in Dec. 2025 is calculated as


Gross Margin % (Q: Dec. 2025 )=Gross Profit (Q: Dec. 2025 ) / Revenue (Q: Dec. 2025 )
=0.5 / 0.346
=(Revenue - Cost of Goods Sold) / Revenue
=(0.346 - -0.123) / 0.346
=135.55 %

* 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 135.55% mean?
The Dust (WAR:THD) has a Gross Margin % of 135.55% as of Dec. 2025. Gross margin is the ratio of total gross profit to net sales. View historical data on The Dust and its competitors. This is 19% below median its historical median of 167.29. According to the industry distribution chart, The Dust ranks #19 out of 497 companies in the Interactive Media industry, placing it in the top 3.8%.
Is The Dust's Gross Margin % too high?
The Dust's current Gross Margin % of 135.55% is 19% below median its 10-year median of 167.29. The Interactive Media industry median Gross Margin % is 62.58. The Dust's value of 135.55% is 116.6% above this industry median. Based on the distribution chart, The Dust ranks #19 out of 497 companies in the Interactive Media industry, which is in the top quartile — a strong position relative to peers. Overall, The Dust has a GF Score™ of 17/100, reflecting its overall financial health beyond just this single metric.
How does The Dust's Gross Margin % compare to NTES and EA?
According to the Interactive Media industry distribution chart, The Dust ranks #19 out of 497 companies for Gross Margin %. This places The Dust in the top 4% of its industry — outperforming the majority of peers. The industry median Gross Margin % is 62.58. The Dust's value of 135.55% is 116.6% above this benchmark. While the company's 10-year median is 167.29 vs. the industry median of 62.58, The Dust 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 Interactive Media company?
The median Gross Margin % among Interactive Media companies is 62.58, based on 497 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. The Dust's current Gross Margin % of 135.55% is 116.6% 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 The Dust and its competitors. For the Interactive Media industry, the median Gross Margin % is 62.58 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. The Dust's current Gross Margin % is 135.55%, which is 19% below median its own 10-year median of 167.29. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is The Dust stock overvalued right now?
The Dust (WAR:THD) has a current Gross Margin % of 135.55%. The current Gross Margin % is 135.55%, which is 19% below median its 10-year median of 167.29 and 116.6% above the Interactive Media industry median of 62.58. The Dust's overall GF Score™ is 17/100 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 The Dust (WAR:THD), the current Gross Margin % is 135.55% 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.

The Dust Business Description

Address ul. Podwale 7/5, Wroclaw, POL, 50-043
The Dust SA offers a range of tools in the field of advergaming, creating projects using AR and VR technologies and production of mobile games. The company offers Cyber Strike, Winnie Play, and others.
17GF Score

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

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