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Asset Utilization RatioAssets AverageEBIT MarginEBITDA MarginEBT MarginEnterprise ValueEquity AverageEquity RatioFCF MarginFCF Payout RatioGross MarginInterest Coverage RatioInvested CapitalNet MarginOperating MarginReturn on AssetsReturn on EquityReturn on Invested CapitalReturn on SalesTimes Interest Earned

White Mountains Insurance (WTM) Gross Margin (2016 - 2025)

White Mountains Insurance has reported Gross Margin over the past 17 years, most recently at 89.62% for Q4 2025.

  • Quarterly results put Gross Margin at 89.62% for Q4 2025, down 872.0% from a year ago — trailing twelve months through Dec 2025 was 92.25% (down 645.0% YoY), and the annual figure for FY2025 was 91.46%, down 679.0%.
  • Gross Margin for Q4 2025 was 89.62% at White Mountains Insurance, down from 90.09% in the prior quarter.
  • Over the last five years, Gross Margin for WTM hit a ceiling of 99.09% in Q3 2024 and a floor of 70.8% in Q2 2022.
  • Median Gross Margin over the past 5 years was 94.74% (2021), compared with a mean of 92.39%.
  • Biggest five-year swings in Gross Margin: crashed -2547bps in 2021 and later surged 2614bps in 2023.
  • White Mountains Insurance's Gross Margin stood at 85.28% in 2021, then rose by 7bps to 91.64% in 2022, then increased by 7bps to 98.14% in 2023, then increased by 0bps to 98.35% in 2024, then dropped by -9bps to 89.62% in 2025.
  • The last three reported values for Gross Margin were 89.62% (Q4 2025), 90.09% (Q3 2025), and 88.7% (Q2 2025) per Business Quant data.