AFRAF (Air France-KLM) FCF Margin %: 9.12% (As of Mar. 2026) — 624% Above Median


AFRAF Air France-KLM AFRAF
69 GF Score
Price $13.38
GF Value $11.67
Valuation Modestly Overvalued
! 6 Warning Signs
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What is Air France-KLM FCF Margin %?

Air France-KLM AFRAF 69 FCF Margin % is 9.12% as of Mar. 2026, which is 624% above its 10-year median of 1.26. GuruFocus rates AFRAF with a GF Score™ of 69/100 and a GF Value™ of $11.67 (Modestly Overvalued). The stock has 6 warning signs investors should review. Among 1,006 Transportation companies, Air France-KLM ranks worse than 59.74% on this metric.

FCF Margin % is calculated as Free Cash Flow divided by its Revenue. Air France-KLM's Free Cash Flow for the three months ended in Mar. 2026 was $788 Mil. Air France-KLM's Revenue for the three months ended in Mar. 2026 was $8,646 Mil. Therefore, Air France-KLM's FCF Margin % for the quarter that ended in Mar. 2026 was 9.12%.

As of today, Air France-KLM's current FCF Yield % is 18.13%.

The historical rank and industry rank for Air France-KLM's FCF Margin % or its related term are showing as below:

AFRAF' s FCF Margin % Range Over the Past 10 Years
Min: -44.42   Med: 1.26   Max: 7.14
Current: 1.77


During the past 13 years, the highest FCF Margin % of Air France-KLM was 7.14%. The lowest was -44.42%. And the median was 1.26%.

AFRAF's FCF Margin % is ranked worse than
59.74% of 1006 companies
in the Transportation industry
Industry Median: 4.38 vs AFRAF: 1.77


Air France-KLM FCF Margin % Related Terms


Air France-KLM FCF Margin % Historical Data

* Premium members only.

The historical data trend for Air France-KLM's FCF Margin % 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.

Air France-KLM FCF Margin % Chart

Air France-KLM Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
FCF Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -4.67 7.14 0.18 -0.74 1.84

Air France-KLM Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
FCF Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 9.66 0.24 -0.13 -1.15 9.12

AFRAF vs DAL, UAL, LUV: FCF Margin % Comparison

For the Airlines subindustry, Air France-KLM's FCF Margin %, along with its competitors' market caps and FCF Margin % 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.


Air France-KLM FCF Margin % vs Transportation Industry

For the Transportation industry and Industrials sector, Air France-KLM's FCF Margin % distribution charts can be found below:

* The bar in red indicates where Air France-KLM's FCF Margin % falls into.


AFRAF
69GF Score
Air France-KLM AFRAF
FCF Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
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Air France-KLM FCF Margin % Calculation

FCF margin is the ratio of Free Cash Flow divided by net sales or Revenue, usually presented in percent.

Air France-KLM's FCF Margin for the fiscal year that ended in Dec. 2025 is calculated as

FCF Margin=Free Cash Flow (A: Dec. 2025 )/Revenue (A: Dec. 2025 )
=709.602/38649.883
=1.84 %

Air France-KLM's FCF Margin for the quarter that ended in Mar. 2026 is calculated as

FCF Margin=Free Cash Flow (Q: Mar. 2026 )/Revenue (Q: Mar. 2026 )
=788.44/8646.243
=9.12 %

* 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.

Frequently Asked Questions Learn more about FCF Margin % →
What does a FCF Margin % of 9.12% mean?
Air France-KLM (AFRAF) has a FCF Margin % of 9.12% as of Mar. 2026. Free cash flow margin is the ratio of total free cash flow to net sales. View historical data on Air France-KLM and its competitors. This is 624% above median its historical median of 1.26. According to the industry distribution chart, Air France-KLM ranks #601 out of 1006 companies in the Transportation industry, placing it in the top 59.7%.
Is Air France-KLM's FCF Margin % too high?
Air France-KLM's current FCF Margin % of 9.12% is 624% above median its 10-year median of 1.26. The Transportation industry median FCF Margin % is 4.38. Air France-KLM's value of 9.12% is 108.2% above this industry median. Based on the distribution chart, Air France-KLM ranks #601 out of 1006 companies in the Transportation industry, which is below the industry midpoint. Overall, Air France-KLM has a GF Score™ of 69/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Air France-KLM's FCF Margin % compare to DAL and UAL?
According to the Transportation industry distribution chart, Air France-KLM ranks #601 out of 1006 companies for FCF Margin %. This places Air France-KLM in the lower half of its industry. The industry median FCF Margin % is 4.38. Air France-KLM's value of 9.12% is 108.2% above this benchmark. While the company's 10-year median is 1.26 vs. the industry median of 4.38, Air France-KLM has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good FCF Margin % for a Transportation company?
The median FCF Margin % among Transportation companies is 4.38, based on 1,006 companies in the industry. Companies in the top quartile (top 25%) have a FCF Margin % significantly above this median, while those in the bottom quartile fall well below. However, FCF Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Air France-KLM's current FCF Margin % of 9.12% is 108.2% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high FCF Margin % mean?
A high FCF Margin % can signal that a stock is expensive relative to its fundamentals. Free cash flow margin is the ratio of total free cash flow to net sales. View historical data on Air France-KLM and its competitors. For the Transportation industry, the median FCF Margin % is 4.38 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Air France-KLM's current FCF Margin % is 9.12%, which is 624% above median its own 10-year median of 1.26. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Air France-KLM stock overvalued right now?
Based on GuruFocus' analysis, Air France-KLM (AFRAF) is currently considered Modestly Overvalued. The stock's GF Value™ is $11.67, compared to a current price of $13.38 — trading 14.7% above its estimated fair value. The current FCF Margin % is 9.12%, which is 624% above median its 10-year median of 1.26 and 108.2% above the Transportation industry median of 4.38. Air France-KLM's overall GF Score™ is 69/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is FCF Margin % calculated?
FCF Margin % is calculated from a company's financial statements. For Air France-KLM (AFRAF), the current FCF Margin % is 9.12% 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 Air France-KLM (AFRAF) Overvalued in 2026?

Based on GuruFocus' analysis, Air France-KLM stock appears to be overvalued. The current stock price of $13.38 is trading 14.7% above its estimated GF Value™ of $11.67. GuruFocus considers Air France-KLM to be Modestly Overvalued.

Key valuation signals for AFRAF:

  • FCF Margin %: 9.12% (624% above median its 10-year median of 1.26)
  • GF Value™: $11.67 vs. price of $13.38 (14.7% above fair value)
  • GF Score™: 69/100 with 6 warning signs
  • Industry Position: 108.2% above the Transportation median (#601 of 1006)

No single metric tells the full story. See the AFRAF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Air France-KLM Business Description

Address 7 Rue du Cirque, Paris, FRA, 75008
Air France-KLM is a European airline group engaged in businesses that include passenger and cargo transportation, low-cost operations, and aircraft maintenance. The group has four segments: network, maintenance, Transavia, and other. The network segment derives key revenue for the passenger and cargo network, mainly coming from passenger transportation services on scheduled flights with the group's airline code. The company's geographic markets include France, Benelux, Europe, and the rest of the world, with the majority of revenue coming from France, including its overseas division.
69GF Score

Get the complete analysis for AFRAF

FCF Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$13.38
Price
$11.67
GF Value