Air New ZealandANZFF 38 Gross Margin % is 76.40% as of Dec. 2025, which is 4% below its 10-year median of 79.20. GuruFocus rates ANZFF with a GF Score™ of 38/100 and a GF Value™ of $0.36 (Possible Value Trap). The stock has 6 warning signs investors should review. Among 977 Transportation companies, Air New Zealand ranks better than 96.21% on this metric.
Air New Zealand Ltd gross margin has been in long-term decline. The average rate of decline per year is -1.6%.
The historical rank and industry rank for Air New Zealand's Gross Margin % or its related term are showing as below:
ANZFF'
s Gross Margin % Range Over the Past 10 Years
Min: 74.94 Med: 79.2 Max: 87.64
Current: 77.9
During the past 13 years, the highestGross Margin % of Air New Zealand was 87.64%. The lowest was 74.94%. And the median was 79.20%.
ANZFF's Gross Margin % is ranked better than 96.21% of 977
companies
in the Transportation industry
Industry Median: 20.42
vs ANZFF: 77.90
Air New Zealand had a gross margin of 76.40% for the quarter that ended in Dec. 2025 => Durable competitive advantage
The 5-Year average Growth Rate of Gross Margin for Air New Zealand was -1.60% per year.
Air New Zealand (OTCPK:ANZFF) Gross Margin % Explanation
Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.
Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %
1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key
Air New Zealand had a gross margin of 76.40% for the quarter that ended in Dec. 2025 => Durable competitive advantage
Be Aware
If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.
Air New Zealand Gross Margin % Related Terms
Air New Zealand Gross Margin % Historical Data
* Premium members only.
The historical data trend for Air New Zealand's Gross 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.
For the Airlines subindustry, Air New Zealand's Gross Margin %, along with its competitors' market caps and Gross 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 New Zealand Gross Margin % vs Transportation Industry
For the Transportation industry and Industrials sector, Air New Zealand's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Air New Zealand's Gross Margin % falls into.
* 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.
A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.
Air New Zealand (ANZFF) has a Gross Margin % of 76.40% as of Dec. 2025. Gross margin is the ratio of total gross profit to net sales. View historical data on Air New Zealand and its competitors. This is near median its historical median of 79.20. Over the past decade, Air New Zealand's Gross Margin % has ranged from 74.94 to 87.64. According to the industry distribution chart, Air New Zealand ranks #37 out of 977 companies in the Transportation industry, placing it in the top 3.8%.
Is Air New Zealand's Gross Margin % too high?
Air New Zealand's current Gross Margin % of 76.40% is near median its 10-year median of 79.20. Over the past 10 years, this metric has ranged from a low of 74.94 to a high of 87.64. The Transportation industry median Gross Margin % is 20.42. Air New Zealand's value of 76.40% is 274.1% above this industry median. Based on the distribution chart, Air New Zealand ranks #37 out of 977 companies in the Transportation industry, which is in the top quartile — a strong position relative to peers. Overall, Air New Zealand has a GF Score™ of 38/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Air New Zealand's Gross Margin % compare to DAL and UAL?
According to the Transportation industry distribution chart, Air New Zealand ranks #37 out of 977 companies for Gross Margin %. This places Air New Zealand in the top 4% of its industry — outperforming the majority of peers. The industry median Gross Margin % is 20.42. Air New Zealand's value of 76.40% is 274.1% above this benchmark. Historically, Air New Zealand's own Gross Margin % has ranged from 74.94 to 87.64 over the past decade. While the company's 10-year median is 79.20 vs. the industry median of 20.42, Air New Zealand 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 Gross Margin % for a Transportation company?
The median Gross Margin % among Transportation companies is 20.42, based on 977 companies in the industry. Companies in the top quartile (top 25%) have a Gross Margin % significantly above this median, while those in the bottom quartile fall well below. However, Gross Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Air New Zealand's current Gross Margin % of 76.40% is 274.1% 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 Gross Margin % mean?
A high Gross Margin % can signal that a stock is expensive relative to its fundamentals. Gross margin is the ratio of total gross profit to net sales. View historical data on Air New Zealand and its competitors. For the Transportation industry, the median Gross Margin % is 20.42 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Air New Zealand's current Gross Margin % is 76.40%, which is near median its own 10-year median of 79.20. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Air New Zealand stock overvalued right now?
Based on GuruFocus' analysis, Air New Zealand (ANZFF) is currently considered Possible Value Trap. The stock's GF Value™ is $0.36, compared to a current price of $0.25 — trading 31.4% below its estimated fair value. The current Gross Margin % is 76.40%, which is near median its 10-year median of 79.20 and 274.1% above the Transportation industry median of 20.42. Air New Zealand's overall GF Score™ is 38/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Gross Margin % calculated?
Gross Margin % is calculated from a company's financial statements. For Air New Zealand (ANZFF), the current Gross Margin % is 76.40% as of Dec. 2025. 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 New Zealand (ANZFF) Overvalued in 2026?
Based on GuruFocus' analysis, Air New Zealand stock appears to be undervalued.
The current stock price of $0.25 is trading 31.4% below its estimated GF Value™ of $0.36.
GuruFocus considers Air New Zealand to be Possible Value Trap.
Key valuation signals for ANZFF:
Gross Margin %: 76.40% (near median its 10-year median of 79.20)
GF Value™: $0.36 vs. price of $0.25 (31.4% below fair value)
Industry Position: 274.1% above the Transportation median (#37 of 977)
No single metric tells the full story. See the ANZFF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Air New Zealand, majority owned by the New Zealand government, provides air passenger and cargo transport services within New Zealand as well as to and from Australia, the Southwest Pacific, Asia, North America, the United Kingdom, and South America. Air New Zealand also encompasses business units providing engineering and ground handling services. Air New Zealand dominates the local market with around 80% share, although the majority of revenue is derived from international and trans-Tasman activity.
38GF Score
Get the complete analysis for ANZFF
Gross Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
ANZFF has been successfully added to your 
