NWARF (Norwegian Air Shuttle ASA) FCF Margin %: 73.19% (As of Mar. 2026) — 1916% Above Median


NWARF Norwegian Air Shuttle ASA NWARF
70 GF Score
Price $1.63
GF Value $1.50
Valuation Fairly Valued
! 4 Warning Signs
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What is Norwegian Air Shuttle ASA FCF Margin %?

Norwegian Air Shuttle ASA NWARF -3.56% 70 FCF Margin % is 73.19% as of Mar. 2026, which is 1916% above its 10-year median of 3.63. GuruFocus rates NWARF with a GF Score™ of 70/100 and a GF Value™ of $1.50 (Fairly Valued). The stock has 4 warning signs investors should review. Among 1,006 Transportation companies, Norwegian Air Shuttle ASA ranks better than 85.69% on this metric.

FCF Margin % is calculated as Free Cash Flow divided by its Revenue. Norwegian Air Shuttle ASA's Free Cash Flow for the three months ended in Mar. 2026 was $523 Mil. Norwegian Air Shuttle ASA's Revenue for the three months ended in Mar. 2026 was $715 Mil. Therefore, Norwegian Air Shuttle ASA's FCF Margin % for the quarter that ended in Mar. 2026 was 73.19%.

As of today, Norwegian Air Shuttle ASA's current FCF Yield % is 47.73%.

The historical rank and industry rank for Norwegian Air Shuttle ASA's FCF Margin % or its related term are showing as below:

NWARF' s FCF Margin % Range Over the Past 10 Years
Min: -28.05   Med: 3.63   Max: 20.73
Current: 20.73


During the past 13 years, the highest FCF Margin % of Norwegian Air Shuttle ASA was 20.73%. The lowest was -28.05%. And the median was 3.63%.

NWARF's FCF Margin % is ranked better than
85.69% of 1006 companies
in the Transportation industry
Industry Median: 4.38 vs NWARF: 20.73


Norwegian Air Shuttle ASA FCF Margin % Related Terms


Norwegian Air Shuttle ASA FCF Margin % Historical Data

* Premium members only.

The historical data trend for Norwegian Air Shuttle ASA'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.

Norwegian Air Shuttle ASA FCF Margin % Chart

Norwegian Air Shuttle ASA 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 2.45 8.22 18.29 15.96 6.35

Norwegian Air Shuttle ASA 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 4.06 28.80 -3.63 2.07 73.19

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

For the Airlines subindustry, Norwegian Air Shuttle ASA'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.


Norwegian Air Shuttle ASA FCF Margin % vs Transportation Industry

For the Transportation industry and Industrials sector, Norwegian Air Shuttle ASA's FCF Margin % distribution charts can be found below:

* The bar in red indicates where Norwegian Air Shuttle ASA's FCF Margin % falls into.


NWARF
70GF Score
Norwegian Air Shuttle ASA NWARF
FCF Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
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Norwegian Air Shuttle ASA FCF Margin % Calculation

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

Norwegian Air Shuttle ASA'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 )
=236.472/3724.782
=6.35 %

Norwegian Air Shuttle ASA'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 )
=523.16/714.803
=73.19 %

* 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 73.19% mean?
Norwegian Air Shuttle ASA (NWARF) has a FCF Margin % of 73.19% as of Mar. 2026. Free cash flow margin is the ratio of total free cash flow to net sales. View historical data on Norwegian Air Shuttle ASA and its competitors. This is 1916% above median its historical median of 3.63. According to the industry distribution chart, Norwegian Air Shuttle ASA ranks #144 out of 1006 companies in the Transportation industry, placing it in the top 14.3%.
Is Norwegian Air Shuttle ASA's FCF Margin % too high?
Norwegian Air Shuttle ASA's current FCF Margin % of 73.19% is 1916% above median its 10-year median of 3.63. The Transportation industry median FCF Margin % is 4.38. Norwegian Air Shuttle ASA's value of 73.19% is 1571% above this industry median. Based on the distribution chart, Norwegian Air Shuttle ASA ranks #144 out of 1006 companies in the Transportation industry, which is in the top quartile — a strong position relative to peers. Overall, Norwegian Air Shuttle ASA has a GF Score™ of 70/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Norwegian Air Shuttle ASA's FCF Margin % compare to DAL and UAL?
According to the Transportation industry distribution chart, Norwegian Air Shuttle ASA ranks #144 out of 1006 companies for FCF Margin %. This places Norwegian Air Shuttle ASA in the top 14% of its industry — outperforming the majority of peers. The industry median FCF Margin % is 4.38. Norwegian Air Shuttle ASA's value of 73.19% is 1571% above this benchmark. While the company's 10-year median is 3.63 vs. the industry median of 4.38, Norwegian Air Shuttle ASA 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. Norwegian Air Shuttle ASA's current FCF Margin % of 73.19% is 1571% 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 Norwegian Air Shuttle ASA 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. Norwegian Air Shuttle ASA's current FCF Margin % is 73.19%, which is 1916% above median its own 10-year median of 3.63. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Norwegian Air Shuttle ASA stock overvalued right now?
Based on GuruFocus' analysis, Norwegian Air Shuttle ASA (NWARF) is currently considered Fairly Valued. The stock's GF Value™ is $1.50, compared to a current price of $1.63 — trading 8.3% above its estimated fair value. The current FCF Margin % is 73.19%, which is 1916% above median its 10-year median of 3.63 and 1571% above the Transportation industry median of 4.38. Norwegian Air Shuttle ASA's overall GF Score™ is 70/100 with 4 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 Norwegian Air Shuttle ASA (NWARF), the current FCF Margin % is 73.19% 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 Norwegian Air Shuttle ASA (NWARF) Overvalued in 2026?

Based on GuruFocus' analysis, Norwegian Air Shuttle ASA stock appears to be overvalued. The current stock price of $1.63 is trading 8.3% above its estimated GF Value™ of $1.50. GuruFocus considers Norwegian Air Shuttle ASA to be Fairly Valued.

Key valuation signals for NWARF:

  • FCF Margin %: 73.19% (1916% above median its 10-year median of 3.63)
  • GF Value™: $1.50 vs. price of $1.63 (8.3% above fair value)
  • GF Score™: 70/100 with 4 warning signs
  • Industry Position: 1571% above the Transportation median (#144 of 1006)

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


Norwegian Air Shuttle ASA Business Description

Address Oksenoyveien 3, Fornebu, P.O. Box 115, Lysaker, NOR, NO-1366
Norwegian Air Shuttle ASA is an airline that operates short-haul flights across the Nordic countries and to destinations in Europe. The company has organized its operations into four functional business areas, including Commercial, Operations, Wideroe and Support Functions. With over three hundred routes in its network, Norwegian Air Shuttle provides passengers with quality flights at affordable fares. The company's focus is on low-cost air travel for passengers, and it believes in offering friendly and helpful service while maintaining operational excellence.
70GF Score

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

$1.63
Price
$1.50
GF Value