Gross Margin

46.3%
Current
Declining
by 5.1%
vs 3-y average of 51.4%

Gross Margin shows how much money a company keeps from each dollar of sales after paying for the products it sells. It tells how profitable the company`s core business is before other expenses.

Gross Margin
46.3%
=
Gross Profit
AU$244.3m
/
Revenue
AU$527.8m

Gross Margin shows how much money a company keeps from each dollar of sales after paying for the products it sells. It tells how profitable the company`s core business is before other expenses.

Gross Margin
46.3%
=
Gross Profit
AU$244.3m
/
Revenue
AU$527.8m

Peer Comparison

Country Company Market Cap Gross
Margin
AU
IGO Ltd
ASX:IGO
6B AUD
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AU
Rio Tinto Ltd
ASX:RIO
265.2B AUD
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AU
BHP Group Ltd
ASX:BHP
271.8B AUD
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UK
Rio Tinto PLC
LSE:RIO
115.1B GBP
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MX
Grupo Mexico SAB de CV
BMV:GMEXICOB
1.6T MXN
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CH
Glencore PLC
LSE:GLEN
60.4B GBP
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CN
CMOC Group Ltd
SSE:603993
470.2B CNY
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SA
Saudi Arabian Mining Company SJSC
SAU:1211
248.9B SAR
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CN
China Molybdenum Co Ltd
OTC:CMCLF
62.7B USD
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UK
Anglo American PLC
LSE:AAL
41.8B GBP
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ZA
African Rainbow Minerals Ltd
JSE:ARI
42.8B ZAR
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Market Distribution

In line with most companies in Australia
Percentile
58th
Based on 2 544 companies
58th percentile
46.3%
Low
-6 907 100% — 21.6%
Typical Range
21.6% — 58.2%
High
58.2% — 2 095.9%
Distribution Statistics
Australia
Min -6 907 100%
30th Percentile 21.6%
Median 38.3%
70th Percentile 58.2%
Max 2 095.9%

IGO Ltd
Glance View

IGO Ltd, an Australian-based company, has carved a distinct niche for itself in the mining and exploration industry. Journeying beyond the typical iron ore and coal sectors that Australia is known for, IGO has embraced the metals essential to modern technology and renewable energy. Their strategic focus is primarily on nickel, copper, and cobalt—critical components for batteries and electronic devices. The company's operations are centered around several prominent projects, such as the Nova Nickel-Copper-Cobalt operation in Western Australia, which represents a cornerstone of their production. Through these projects, IGO harnesses its expertise in mineral exploration and extraction, working to ensure a steady supply of materials indispensable to the burgeoning demand for electric vehicles (EVs) and renewable energy solutions. The essence of IGO's business model is its integrated approach, which encompasses exploration, production, and development, ensuring a seamless pipeline from the discovery phase to market delivery. This is complemented by its forward-thinking environmental, social, and governance (ESG) practices, as IGO consistently looks to minimize its environmental footprint and engage positively with local communities. Their revenue streams are robustly anchored in the global market's demand for high-quality metals, tapping into partnerships and sales agreements with key players in the global supply chain of modern technology. By aligning its growth trajectory with the global shift towards cleaner energy and sustainable practices, IGO positions itself as a vital player in the ongoing "green metals" narrative, contributing not just to its bottom line but also to broader societal transformations.

IGO Intrinsic Value
1.94 AUD
Overvaluation 75%
Intrinsic Value
Price
What is Gross Margin?
Gross Margin shows how much money a company keeps from each dollar of sales after paying for the products it sells. It tells how profitable the company`s core business is before other expenses.
How is Gross Margin calculated?

Gross Margin is calculated by dividing the Gross Profit by the Revenue.

Gross Margin
46.3%
=
Gross Profit
AU$244.3m
/
Revenue
AU$527.8m
What is IGO Ltd's current Gross Margin?

The current Gross Margin for IGO Ltd is 46.3%, which is below its 3-year median of 51.4%.

How has Gross Margin changed over time?

Over the last 3 years, IGO Ltd’s Gross Margin has decreased from 77% to 46.3%. During this period, it reached a low of 41.9% on Dec 31, 2024 and a high of 77% on Jun 30, 2022.

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