RepsolXMAD:REP +2.00%59 Gross Margin % is 29.95% as of Mar. 2026, which is 53% above its 10-year median of 19.61. GuruFocus rates XMAD:REP with a GF Score™ of 59/100 and a GF Value™ of €14.23 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 867 Oil & Gas companies, Repsol ranks worse than 55.13% on this metric.
Gross Margin % is calculated as gross profit divided by its revenue. Repsol's Gross Profit for the
three
months ended in Mar. 2026 was €4,677 Mil. Repsol's Revenue for the
three
months ended in Mar. 2026 was €15,618 Mil. Therefore, Repsol's Gross Margin % for the quarter that ended in Mar. 2026 was 29.95%.
The historical rank and industry rank for Repsol's Gross Margin % or its related term are showing as below:
XMAD:REP'
s Gross Margin % Range Over the Past 10 Years
Min: 15.2 Med: 19.61 Max: 22.88
Current: 22.45
During the past 13 years, the highestGross Margin % of Repsol was 22.88%. The lowest was 15.20%. And the median was 19.61%.
XMAD:REP's Gross Margin % is ranked worse than 55.13% of 867
companies
in the Oil & Gas industry
Industry Median: 25.7
vs XMAD:REP: 22.45
Repsol had a gross margin of 29.95% for the quarter that ended in Mar. 2026 => Competition eroding margins
The 5-Year average Growth Rate of Gross Margin for Repsol was 2.60% per year.
Repsol (XMAD:REP) 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
Repsol had a gross margin of 29.95% for the quarter that ended in Mar. 2026 => 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.
Repsol Gross Margin % Related Terms
Repsol Gross Margin % Historical Data
* Premium members only.
The historical data trend for Repsol'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.
For the Oil & Gas Integrated subindustry, Repsol'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.
Repsol Gross Margin % vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Repsol's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Repsol'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.
Repsol (XMAD:REP) has a Gross Margin % of 29.95% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Repsol and its competitors. This is 53% above median its historical median of 19.61. Over the past decade, Repsol's Gross Margin % has ranged from 15.20 to 22.88. According to the industry distribution chart, Repsol ranks #478 out of 867 companies in the Oil & Gas industry, placing it in the top 55.1%.
Is Repsol's Gross Margin % too high?
Repsol's current Gross Margin % of 29.95% is 53% above median its 10-year median of 19.61. Over the past 10 years, this metric has ranged from a low of 15.20 to a high of 22.88. The Oil & Gas industry median Gross Margin % is 25.70. Repsol's value of 29.95% is 16.5% above this industry median. Based on the distribution chart, Repsol ranks #478 out of 867 companies in the Oil & Gas industry, which is below the industry midpoint. Overall, Repsol has a GF Score™ of 59/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Repsol's Gross Margin % compare to XOM and CVX?
According to the Oil & Gas industry distribution chart, Repsol ranks #478 out of 867 companies for Gross Margin %. This places Repsol in the lower half of its industry. The industry median Gross Margin % is 25.70. Repsol's value of 29.95% is 16.5% above this benchmark. Historically, Repsol's own Gross Margin % has ranged from 15.20 to 22.88 over the past decade. While the company's 10-year median is 19.61 vs. the industry median of 25.70, Repsol 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 Oil & Gas company?
The median Gross Margin % among Oil & Gas companies is 25.70, based on 867 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. Repsol's current Gross Margin % of 29.95% is 16.5% 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 Repsol and its competitors. For the Oil & Gas industry, the median Gross Margin % is 25.70 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Repsol's current Gross Margin % is 29.95%, which is 53% above median its own 10-year median of 19.61. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Repsol stock overvalued right now?
Based on GuruFocus' analysis, Repsol (XMAD:REP) is currently considered Significantly Overvalued. The stock's GF Value™ is €14.23, compared to a current price of €21.44 — trading 50.7% above its estimated fair value. The current Gross Margin % is 29.95%, which is 53% above median its 10-year median of 19.61 and 16.5% above the Oil & Gas industry median of 25.70. Repsol's overall GF Score™ is 59/100 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 Repsol (XMAD:REP), the current Gross Margin % is 29.95% 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 Repsol (XMAD:REP) Overvalued in 2026?
Based on GuruFocus' analysis, Repsol stock appears to be overvalued.
The current stock price of €21.44 is trading 50.7% above its estimated GF Value™ of €14.23.
GuruFocus considers Repsol to be Significantly Overvalued.
Key valuation signals for XMAD:REP:
Gross Margin %: 29.95% (53% above median its 10-year median of 19.61)
GF Value™: €14.23 vs. price of €21.44 (50.7% above fair value)
Industry Position: 16.5% above the Oil & Gas median (#478 of 867)
No single metric tells the full story. See the XMAD:REP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Repsol is a Spanish integrated oil and gas firm. In 2025, production was 548,000 barrels of oil equivalent a day (34% liquids), and proven reserves stood at 1.75 billion barrels of oil equivalent (36% oil). It also operates a downstream segment with refining capacity of 1.0 million barrels a day and holds 6 GW of installed renewable power generation capacity.
59GF Score
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