Photocat AS (XSAT:PCAT) Gross Margin %: 74.84% (As of Dec. 2025) — 48% Above Median


XSAT:PCAT Photocat AS XSAT:PCAT
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What is Photocat AS Gross Margin %?

Photocat AS XSAT:PCAT -1.67% 9 Gross Margin % is 74.84% as of Dec. 2025, which is 48% above its 10-year median of 50.52. GuruFocus rates XSAT:PCAT with a GF Score™ of 9/100. The stock has 3 warning signs investors should review. Among 1,557 Chemicals companies, Photocat AS ranks better than 98.59% on this metric.

Gross Margin % is calculated as gross profit divided by its revenue. Photocat AS's Gross Profit for the six months ended in Dec. 2025 was kr4.92 Mil. Photocat AS's Revenue for the six months ended in Dec. 2025 was kr6.57 Mil. Therefore, Photocat AS's Gross Margin % for the quarter that ended in Dec. 2025 was 74.84%.


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

XSAT:PCAT' s Gross Margin % Range Over the Past 10 Years
Min: 28.02   Med: 50.52   Max: 74.84
Current: 74.84


During the past 13 years, the highest Gross Margin % of Photocat AS was 74.84%. The lowest was 28.02%. And the median was 50.52%.

XSAT:PCAT's Gross Margin % is ranked better than
98.59% of 1557 companies
in the Chemicals industry
Industry Median: 23.49 vs XSAT:PCAT: 74.84

Photocat AS had a gross margin of 74.84% for the quarter that ended in Dec. 2025 => Durable competitive advantage

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


Photocat AS  (XSAT:PCAT) 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

Photocat AS had a gross margin of 74.84% 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.


Photocat AS Gross Margin % Related Terms


Photocat AS Gross Margin % Historical Data

* Premium members only.

The historical data trend for Photocat AS'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.

Photocat AS Gross Margin % Chart

Photocat AS 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 38.87 28.02 42.06 50.52 0.00

Photocat AS Semi-Annual Data
Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 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 83.13 47.04 86.57 63.12 74.84

XSAT:PCAT vs LIN, SHW, ECL: Gross Margin % Comparison

For the Specialty Chemicals subindustry, Photocat AS'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.


Photocat AS Gross Margin % vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, Photocat AS's Gross Margin % distribution charts can be found below:

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


XSAT:PCAT
9GF Score
Photocat AS XSAT:PCAT
Gross Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
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Photocat AS Gross Margin % Calculation

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

Photocat AS'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 )
=10.5 / 0
=(Revenue - Cost of Goods Sold) / Revenue
=(0 - -10.469) / 0
= %

Photocat AS'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 )
=4.9 / 6.57
=(Revenue - Cost of Goods Sold) / Revenue
=(6.57 - 1.653) / 6.57
=74.84 %

* 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 74.84% mean?
Photocat AS (XSAT:PCAT) has a Gross Margin % of 74.84% as of Dec. 2025. Gross margin is the ratio of total gross profit to net sales. View historical data on Photocat AS and its competitors. This is 48% above median its historical median of 50.52. Over the past decade, Photocat AS's Gross Margin % has ranged from 28.02 to 74.84. According to the industry distribution chart, Photocat AS ranks #22 out of 1557 companies in the Chemicals industry, placing it in the top 1.4%.
Is Photocat AS's Gross Margin % too high?
Photocat AS's current Gross Margin % of 74.84% is 48% above median its 10-year median of 50.52. Over the past 10 years, this metric has ranged from a low of 28.02 to a high of 74.84. The Chemicals industry median Gross Margin % is 23.49. Photocat AS's value of 74.84% is 218.6% above this industry median. Based on the distribution chart, Photocat AS ranks #22 out of 1557 companies in the Chemicals industry, which is in the top quartile — a strong position relative to peers. Overall, Photocat AS has a GF Score™ of 9/100, reflecting its overall financial health beyond just this single metric.
How does Photocat AS's Gross Margin % compare to LIN and SHW?
According to the Chemicals industry distribution chart, Photocat AS ranks #22 out of 1557 companies for Gross Margin %. This places Photocat AS in the top 1% of its industry — outperforming the majority of peers. The industry median Gross Margin % is 23.49. Photocat AS's value of 74.84% is 218.6% above this benchmark. Historically, Photocat AS's own Gross Margin % has ranged from 28.02 to 74.84 over the past decade. While the company's 10-year median is 50.52 vs. the industry median of 23.49, Photocat AS 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 Chemicals company?
The median Gross Margin % among Chemicals companies is 23.49, based on 1,557 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. Photocat AS's current Gross Margin % of 74.84% is 218.6% 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 Photocat AS and its competitors. For the Chemicals industry, the median Gross Margin % is 23.49 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Photocat AS's current Gross Margin % is 74.84%, which is 48% above median its own 10-year median of 50.52. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Photocat AS stock overvalued right now?
Photocat AS (XSAT:PCAT) has a current Gross Margin % of 74.84%. The current Gross Margin % is 74.84%, which is 48% above median its 10-year median of 50.52 and 218.6% above the Chemicals industry median of 23.49. Photocat AS's overall GF Score™ is 9/100 with 3 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 Photocat AS (XSAT:PCAT), the current Gross Margin % is 74.84% 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.

Photocat AS Business Description

Address Langebjerg 4, Roskilde, DNK, 4000
Photocat AS is a Danish green tech company has developed photocatalytic liquids and solutions designed to improve environmental conditions and potentially deliver life-saving enhancements to air quality. Its solutions are developed with both economic and scientific objectives, enabling its customers to add enhanced value when delivering their own products, such as roofing membranes, coatings, roads, and flooring. The company markets its products under the NOxOFF, Actifloor, ShineOn, and Photocat Garden trademarks. All products are currently in the early stages of their lifecycle, due to the nature of the underlying technology and processes. Its solutions include NOxOFF Concrete, NOxOFF Bitumen, NOxOFF Asphalt, Photocat Garden, and Actifloor.
9GF Score

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