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Ratios
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 - 2026)

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

  • For Q4 2025, Gross Margin fell 872.0% year-over-year to 89.62%; the TTM value through Dec 2025 reached 92.25%, down 645.0%, while the annual FY2025 figure was 91.46%, 679.0% down from the prior year.
  • Gross Margin for Q4 2025 was 89.62% at White Mountains Insurance, down from 90.09% in the prior quarter.
  • Over five years, Gross Margin peaked at 99.09% in Q3 2024 and troughed at 70.8% in Q2 2022.
  • A 5-year average of 92.39% and a median of 94.74% in 2021 define the central range for Gross Margin.
  • Biggest five-year swings in Gross Margin: plummeted -2547bps in 2021 and later soared 2614bps in 2023.
  • Year by year, Gross Margin stood at 85.28% in 2021, then grew by 7bps to 91.64% in 2022, then rose by 7bps to 98.14% in 2023, then rose by 0bps to 98.35% in 2024, then decreased by -9bps to 89.62% in 2025.
  • Business Quant data shows Gross Margin for WTM at 89.62% in Q4 2025, 90.09% in Q3 2025, and 88.7% in Q2 2025.