BKW AGXSWX:BKW -1.09%75 Gross Margin % is 47.91% as of Dec. 2025, which is 6% below its 10-year median of 50.82. GuruFocus rates XSWX:BKW with a GF Score™ of 75/100 and a GF Value™ of CHF149.66 (Fairly Valued). The stock has 3 warning signs investors should review. Among 403 Utilities - Independent Power Producers companies, BKW AG ranks better than 71.46% on this metric.
Gross Margin % is calculated as gross profit divided by its revenue. BKW AG's Gross Profit for the
six
months ended in Dec. 2025 was CHF1,012 Mil. BKW AG's Revenue for the
six
months ended in Dec. 2025 was CHF2,111 Mil. Therefore, BKW AG's Gross Margin % for the quarter that ended in Dec. 2025 was 47.91%.
Warning Sign:
BKW AG gross margin has been in long-term decline. The average rate of decline per year is -1.1%.
The historical rank and industry rank for BKW AG's Gross Margin % or its related term are showing as below:
XSWX:BKW'
s Gross Margin % Range Over the Past 10 Years
Min: 48.59 Med: 50.82 Max: 57.69
Current: 49.5
During the past 13 years, the highestGross Margin % of BKW AG was 57.69%. The lowest was 48.59%. And the median was 50.82%.
XSWX:BKW's Gross Margin % is ranked better than 71.46% of 403
companies
in the Utilities - Independent Power Producers industry
Industry Median: 31.35
vs XSWX:BKW: 49.50
BKW AG had a gross margin of 47.91% for the quarter that ended in Dec. 2025 => Durable competitive advantage
The 5-Year average Growth Rate of Gross Margin for BKW AG was -1.10% per year.
BKW AG (XSWX:BKW) 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
BKW AG had a gross margin of 47.91% 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.
BKW AG Gross Margin % Related Terms
BKW AG Gross Margin % Historical Data
* Premium members only.
The historical data trend for BKW AG'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 Utilities - Renewable subindustry, BKW AG'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.
BKW AG Gross Margin % vs Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, BKW AG's Gross Margin % distribution charts can be found below:
* The bar in red indicates where BKW AG'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.
BKW AG (XSWX:BKW) has a Gross Margin % of 47.91% as of Dec. 2025. Gross margin is the ratio of total gross profit to net sales. View historical data on BKW AG and its competitors. This is near median its historical median of 50.82. Over the past decade, BKW AG's Gross Margin % has ranged from 48.59 to 57.69. According to the industry distribution chart, BKW AG ranks #115 out of 403 companies in the Utilities - Independent Power Producers industry, placing it in the top 28.5%.
Is BKW AG's Gross Margin % too high?
BKW AG's current Gross Margin % of 47.91% is near median its 10-year median of 50.82. Over the past 10 years, this metric has ranged from a low of 48.59 to a high of 57.69. The Utilities - Independent Power Producers industry median Gross Margin % is 31.35. BKW AG's value of 47.91% is 52.8% above this industry median. Based on the distribution chart, BKW AG ranks #115 out of 403 companies in the Utilities - Independent Power Producers industry, which is above the industry midpoint. Overall, BKW AG has a GF Score™ of 75/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does BKW AG's Gross Margin % compare to competitors?
According to the Utilities - Independent Power Producers industry distribution chart, BKW AG ranks #115 out of 403 companies for Gross Margin %. This puts BKW AG in the upper half of its industry. The industry median Gross Margin % is 31.35. BKW AG's value of 47.91% is 52.8% above this benchmark. Historically, BKW AG's own Gross Margin % has ranged from 48.59 to 57.69 over the past decade. While the company's 10-year median is 50.82 vs. the industry median of 31.35, BKW AG 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 Utilities - Independent Power Producers company?
The median Gross Margin % among Utilities - Independent Power Producers companies is 31.35, based on 403 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. BKW AG's current Gross Margin % of 47.91% is 52.8% 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 BKW AG and its competitors. For the Utilities - Independent Power Producers industry, the median Gross Margin % is 31.35 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. BKW AG's current Gross Margin % is 47.91%, which is near median its own 10-year median of 50.82. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is BKW AG stock overvalued right now?
Based on GuruFocus' analysis, BKW AG (XSWX:BKW) is currently considered Fairly Valued. The stock's GF Value™ is CHF149.66, compared to a current price of CHF136.10 — trading 9.1% below its estimated fair value. The current Gross Margin % is 47.91%, which is near median its 10-year median of 50.82 and 52.8% above the Utilities - Independent Power Producers industry median of 31.35. BKW AG's overall GF Score™ is 75/100 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 BKW AG (XSWX:BKW), the current Gross Margin % is 47.91% 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 BKW AG (XSWX:BKW) Overvalued in 2026?
Based on GuruFocus' analysis, BKW AG stock appears to be undervalued.
The current stock price of CHF136.10 is trading 9.1% below its estimated GF Value™ of CHF149.66.
GuruFocus considers BKW AG to be Fairly Valued.
Key valuation signals for XSWX:BKW:
Gross Margin %: 47.91% (near median its 10-year median of 50.82)
GF Value™: CHF149.66 vs. price of CHF136.10 (9.1% below fair value)
Industry Position: 52.8% above the Utilities - Independent Power Producers median (#115 of 403)
No single metric tells the full story. See the XSWX:BKW stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
BKW AG is an international energy and infrastructure company, offering integrated solutions in the fields of energy, buildings, and infrastructure. It operates in three reportable business segments: Energy Solutions, Power Grid, and Infrastructure and Buildings. Maximum revenue is generated from the Energy Solutions segment, which builds, operates, and maintains BKW's portfolio of power plants in Switzerland and abroad. It also includes the sale of energy in Switzerland, trading in electricity, certificates, and raw materials, as well as wind, solar, and smart energy services. Geographically, the group generates maximum revenue from its business in Switzerland, followed by Germany, Italy, France, and other countries.
75GF Score
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