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San Miguel's gross profit for the
three
months ended in Mar. 2026 was ₱85,179 Mil. San Miguel's gross profit for the trailing twelve months (TTM) ended in Mar. 2026 was ₱300,634 Mil.
Gross Margin % is calculated as gross profit divided by its revenue. San Miguel's gross profit for the
three
months ended in Mar. 2026 was ₱85,179 Mil. San Miguel's Revenue for the
three
months ended in Mar. 2026 was ₱428,321 Mil. Therefore, San Miguel's Gross Margin % for the quarter that ended in Mar. 2026 was 19.89%.
San Miguel had a gross margin of 19.89% for the quarter that ended in Mar. 2026 => No sustainable competitive advantage
During the past 13 years, the highestGross Margin % of San Miguel was 24.99%. The lowest was 12.74%. And the median was 19.60%.
Warning Sign:
San Miguel Corp gross margin has been in long-term decline. The average rate of decline per year is -2.1%.
San Miguel (PHS:SMC) Gross Profit 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
San Miguel had a gross margin of 19.89% for the quarter that ended in Mar. 2026 => No sustainable competitive advantage
San Miguel Gross Profit Related Terms
San Miguel Gross Profit Historical Data
* Premium members only.
The historical data trend for San Miguel's Gross Profit 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 Conglomerates subindustry, San Miguel's Gross Profit, along with its competitors' market caps and Gross Profit 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.
San Miguel Gross Profit vs Conglomerates Industry
For the Conglomerates industry and Industrials sector, San Miguel's Gross Profit distribution charts can be found below:
* The bar in red indicates where San Miguel's Gross Profit falls into.
Gross Profit for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was ₱300,634 Mil.
Gross Profit is the numerator in the calculation of Gross Margin.
* 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.
San Miguel (PHS:SMC) has a Gross Profit of ₱300,634 Mil as of Mar. 2026. Gross Profit equals net sales less total cost of goods sold. View historical data on San Miguel and its competitors.
Is San Miguel's Gross Profit too high?
San Miguel's current Gross Profit is ₱300,634 Mil. Overall, San Miguel has a GF Score™ of 74/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does San Miguel's Gross Profit compare to HON and MMM?
San Miguel's Gross Profit of ₱300,634 Mil can be compared against companies in the Conglomerates industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Gross Profit for a Conglomerates company?
A good Gross Profit depends on the Conglomerates industry context. However, Gross Profit should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Gross Profit mean?
A high Gross Profit can signal that a stock is expensive relative to its fundamentals. Gross Profit equals net sales less total cost of goods sold. View historical data on San Miguel and its competitors. San Miguel's current Gross Profit is ₱300,634 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is San Miguel stock overvalued right now?
Based on GuruFocus' analysis, San Miguel (PHS:SMC) is currently considered Modestly Undervalued. The stock's GF Value™ is ₱82.74, compared to a current price of ₱68.00 — trading 17.8% below its estimated fair value. The current Gross Profit is ₱300,634 Mil. San Miguel's overall GF Score™ is 74/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Gross Profit calculated?
Gross Profit is calculated from a company's financial statements. For San Miguel (PHS:SMC), the current Gross Profit is ₱300,634 Mil 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 San Miguel (PHS:SMC) Overvalued in 2026?
Based on GuruFocus' analysis, San Miguel stock appears to be undervalued.
The current stock price of ₱68.00 is trading 17.8% below its estimated GF Value™ of ₱82.74.
GuruFocus considers San Miguel to be Modestly Undervalued.
Key valuation signals for PHS:SMC:
Gross Profit: ₱300,634 Mil
GF Value™: ₱82.74 vs. price of ₱68.00 (17.8% below fair value)
No single metric tells the full story. See the PHS:SMC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
San Miguel Corp, through its subsidiaries, operates in various reportable business segments, including food and beverage, packaging, energy, fuel and oil, infrastructure, cement, and real estate property management and development. Maximum revenue is generated from the fuel and oil segment, which is engaged in refining crude oil and marketing and distribution of refined petroleum products.
74GF Score
Get the complete analysis for PHS:SMC
Gross Profit is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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