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Gross margin ratio, year to February 2024 / year to February 2025 / year to February 2026

51.2% / 42.7% / 43.3% Year to February 2024 / year to February 2025 / year to February 2026

EstimateOur model or estimate. Treat it as an order of magnitude.

Where it comes from

Our calculation from other figures in the trainer’s notes.

Show the working
  1. (derived)