Delivery Hero SEXSWX:DHER 65 Gross Margin % is 23.67% as of Dec. 2025, which is 11% below its 10-year median of 26.55. GuruFocus rates XSWX:DHER with a GF Score™ of 65/100 and a GF Value™ of CHF185.70 (Possible Value Trap). The stock has 8 warning signs investors should review. Among 1,117 Retail - Cyclical companies, Delivery Hero SE ranks worse than 71.26% on this metric.
The historical rank and industry rank for Delivery Hero SE's Gross Margin % or its related term are showing as below:
XSWX:DHER'
s Gross Margin % Range Over the Past 10 Years
Min: 19.99 Med: 26.55 Max: 73.37
Current: 24.42
During the past 13 years, the highestGross Margin % of Delivery Hero SE was 73.37%. The lowest was 19.99%. And the median was 26.55%.
XSWX:DHER's Gross Margin % is ranked worse than 71.26% of 1117
companies
in the Retail - Cyclical industry
Industry Median: 36.23
vs XSWX:DHER: 24.42
Delivery Hero SE had a gross margin of 23.67% for the quarter that ended in Dec. 2025 => Competition eroding margins
The 5-Year average Growth Rate of Gross Margin for Delivery Hero SE was 5.40% per year.
Delivery Hero SE (XSWX:DHER) 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
Delivery Hero SE had a gross margin of 23.67% for the quarter that ended in Dec. 2025 => 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.
Delivery Hero SE Gross Margin % Related Terms
Delivery Hero SE Gross Margin % Historical Data
* Premium members only.
The historical data trend for Delivery Hero SE'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.
XSWX:DHER vs AMZN, BABA, PDD: Gross Margin % Comparison
For the Internet Retail subindustry, Delivery Hero SE'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.
Delivery Hero SE Gross Margin % vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Delivery Hero SE's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Delivery Hero SE'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.
Delivery Hero SE (XSWX:DHER) has a Gross Margin % of 23.67% as of Dec. 2025. Gross margin is the ratio of total gross profit to net sales. View historical data on Delivery Hero SE and its competitors. This is 11% below median its historical median of 26.55. Over the past decade, Delivery Hero SE's Gross Margin % has ranged from 19.99 to 73.37. According to the industry distribution chart, Delivery Hero SE ranks #796 out of 1117 companies in the Retail - Cyclical industry, placing it in the top 71.3%.
Is Delivery Hero SE's Gross Margin % too high?
Delivery Hero SE's current Gross Margin % of 23.67% is 11% below median its 10-year median of 26.55. Over the past 10 years, this metric has ranged from a low of 19.99 to a high of 73.37. The Retail - Cyclical industry median Gross Margin % is 36.23. Delivery Hero SE's value of 23.67% is 34.7% below this industry median. Based on the distribution chart, Delivery Hero SE ranks #796 out of 1117 companies in the Retail - Cyclical industry, which is below the industry midpoint. Overall, Delivery Hero SE has a GF Score™ of 65/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Delivery Hero SE's Gross Margin % compare to AMZN and BABA?
According to the Retail - Cyclical industry distribution chart, Delivery Hero SE ranks #796 out of 1117 companies for Gross Margin %. This places Delivery Hero SE in the lower half of its industry. The industry median Gross Margin % is 36.23. Delivery Hero SE's value of 23.67% is 34.7% below this benchmark. Historically, Delivery Hero SE's own Gross Margin % has ranged from 19.99 to 73.37 over the past decade. While the company's 10-year median is 26.55 vs. the industry median of 36.23, Delivery Hero SE has consistently been below 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 Retail - Cyclical company?
The median Gross Margin % among Retail - Cyclical companies is 36.23, based on 1,117 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. Delivery Hero SE's current Gross Margin % of 23.67% is 34.7% below 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 Delivery Hero SE and its competitors. For the Retail - Cyclical industry, the median Gross Margin % is 36.23 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Delivery Hero SE's current Gross Margin % is 23.67%, which is 11% below median its own 10-year median of 26.55. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Delivery Hero SE stock overvalued right now?
Based on GuruFocus' analysis, Delivery Hero SE (XSWX:DHER) is currently considered Possible Value Trap. The stock's GF Value™ is CHF185.70, compared to a current price of CHF33.12 — trading 82.2% below its estimated fair value. The current Gross Margin % is 23.67%, which is 11% below median its 10-year median of 26.55 and 34.7% below the Retail - Cyclical industry median of 36.23. Delivery Hero SE's overall GF Score™ is 65/100 with 8 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 Delivery Hero SE (XSWX:DHER), the current Gross Margin % is 23.67% 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 Delivery Hero SE (XSWX:DHER) Overvalued in 2026?
Based on GuruFocus' analysis, Delivery Hero SE stock appears to be undervalued.
The current stock price of CHF33.12 is trading 82.2% below its estimated GF Value™ of CHF185.70.
GuruFocus considers Delivery Hero SE to be Possible Value Trap.
Key valuation signals for XSWX:DHER:
Gross Margin %: 23.67% (11% below median its 10-year median of 26.55)
GF Value™: CHF185.70 vs. price of CHF33.12 (82.2% below fair value)
Industry Position: 34.7% below the Retail - Cyclical median (#796 of 1117)
No single metric tells the full story. See the XSWX:DHER stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Founded in 2011, Delivery Hero is an online delivery demand aggregator. The company is headquartered in Germany and operates in over 70 countries across Latin America, Asia, Europe, the Middle East, and Africa. Delivery Hero creates a marketplace for merchants to establish an online presence, market their offerings, and meet demand through delivery. Nearly half of Delivery Hero's revenue is commission fees from merchants. Through its applications, which vary by region, customers can order meals, grocery items, pharmacy products, and retail goods. In addition, Delivery Hero operates Dmarts.
65GF Score
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