CNLFF (Canlan Ice Sports) Gross Margin %: 94.23% (As of Mar. 2026) — Near Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

CNLFF Canlan Ice Sports Corp CNLFF
72 GF Score
Price $2.97
GF Value $3.13
! 4 Warning Signs
View Full Analysis

What is Canlan Ice Sports Gross Margin %?

Canlan Ice Sports CNLFF 72 Gross Margin % is 94.23% as of Mar. 2026, which is 0% above its 10-year median of 94.06. GuruFocus rates CNLFF with a GF Score™ of 72/100 and a GF Value™ of $3.13. The stock has 4 warning signs investors should review. Among 793 Travel & Leisure companies, Canlan Ice Sports ranks better than 97.1% on this metric.

Gross Margin % is calculated as gross profit divided by its revenue. Canlan Ice Sports's Gross Profit for the three months ended in Mar. 2026 was $20.17 Mil. Canlan Ice Sports's Revenue for the three months ended in Mar. 2026 was $21.40 Mil. Therefore, Canlan Ice Sports's Gross Margin % for the quarter that ended in Mar. 2026 was 94.23%.


The historical rank and industry rank for Canlan Ice Sports's Gross Margin % or its related term are showing as below:

CNLFF' s Gross Margin % Range Over the Past 10 Years
Min: 93.18   Med: 94.06   Max: 97.37
Current: 94.16


During the past 13 years, the highest Gross Margin % of Canlan Ice Sports was 97.37%. The lowest was 93.18%. And the median was 94.06%.

CNLFF's Gross Margin % is ranked better than
97.1% of 793 companies
in the Travel & Leisure industry
Industry Median: 43.52 vs CNLFF: 94.16

Canlan Ice Sports had a gross margin of 94.23% for the quarter that ended in Mar. 2026 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Canlan Ice Sports was -0.70% per year.


Canlan Ice Sports  (OTCPK:CNLFF) 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

Canlan Ice Sports had a gross margin of 94.23% for the quarter that ended in Mar. 2026 => 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.


Canlan Ice Sports Gross Margin % Related Terms


Canlan Ice Sports Gross Margin % Historical Data

* Premium members only.

The historical data trend for Canlan Ice Sports'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.

Canlan Ice Sports Gross Margin % Chart

Canlan Ice Sports Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Gross Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 97.37 95.10 93.96 94.16 94.17

Canlan Ice Sports Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Gross 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 94.25 93.44 94.79 94.22 94.23

CNLFF vs AS, HAS, LTH: Gross Margin % Comparison

For the Leisure subindustry, Canlan Ice Sports'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.


Canlan Ice Sports Gross Margin % vs Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Canlan Ice Sports's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Canlan Ice Sports's Gross Margin % falls into.


CNLFF
72GF Score
Canlan Ice Sports Corp CNLFF
Gross Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Canlan Ice Sports Gross Margin % Calculation

Gross Margin is the percentage of Gross Profit out of sales or Revenue.

Canlan Ice Sports's Gross Margin for the fiscal year that ended in Dec. 2025 is calculated as

Gross Margin % (A: Dec. 2025 )=Gross Profit (A: Dec. 2025 ) / Revenue (A: Dec. 2025 )
=68.3 / 72.515
=(Revenue - Cost of Goods Sold) / Revenue
=(72.515 - 4.23) / 72.515
=94.17 %

Canlan Ice Sports's Gross Margin for the quarter that ended in Mar. 2026 is calculated as


Gross Margin % (Q: Mar. 2026 )=Gross Profit (Q: Mar. 2026 ) / Revenue (Q: Mar. 2026 )
=20.2 / 21.399
=(Revenue - Cost of Goods Sold) / Revenue
=(21.399 - 1.234) / 21.399
=94.23 %

* 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.

Frequently Asked Questions Learn more about Gross Margin % →
What does a Gross Margin % of 94.23% mean?
Canlan Ice Sports (CNLFF) has a Gross Margin % of 94.23% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Canlan Ice Sports and its competitors. This is near median its historical median of 94.06. Over the past decade, Canlan Ice Sports' Gross Margin % has ranged from 93.18 to 97.37. According to the industry distribution chart, Canlan Ice Sports ranks #23 out of 793 companies in the Travel & Leisure industry, placing it in the top 2.9%.
Is Canlan Ice Sports' Gross Margin % too high?
Canlan Ice Sports' current Gross Margin % of 94.23% is near median its 10-year median of 94.06. Over the past 10 years, this metric has ranged from a low of 93.18 to a high of 97.37. The Travel & Leisure industry median Gross Margin % is 43.52. Canlan Ice Sports' value of 94.23% is 116.5% above this industry median. Based on the distribution chart, Canlan Ice Sports ranks #23 out of 793 companies in the Travel & Leisure industry, which is in the top quartile — a strong position relative to peers. Overall, Canlan Ice Sports has a GF Score™ of 72/100, reflecting its overall financial health beyond just this single metric.
How does Canlan Ice Sports' Gross Margin % compare to AS and HAS?
According to the Travel & Leisure industry distribution chart, Canlan Ice Sports ranks #23 out of 793 companies for Gross Margin %. This places Canlan Ice Sports in the top 3% of its industry — outperforming the majority of peers. The industry median Gross Margin % is 43.52. Canlan Ice Sports' value of 94.23% is 116.5% above this benchmark. Historically, Canlan Ice Sports' own Gross Margin % has ranged from 93.18 to 97.37 over the past decade. While the company's 10-year median is 94.06 vs. the industry median of 43.52, Canlan Ice Sports 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 Travel & Leisure company?
The median Gross Margin % among Travel & Leisure companies is 43.52, based on 793 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. Canlan Ice Sports's current Gross Margin % of 94.23% is 116.5% 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 Canlan Ice Sports and its competitors. For the Travel & Leisure industry, the median Gross Margin % is 43.52 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Canlan Ice Sports's current Gross Margin % is 94.23%, which is near median its own 10-year median of 94.06. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Canlan Ice Sports stock overvalued right now?
Canlan Ice Sports (CNLFF) has a current Gross Margin % of 94.23%. The stock's GF Value™ is $3.13, compared to a current price of $2.97 — trading 5% below its estimated fair value. The current Gross Margin % is 94.23%, which is near median its 10-year median of 94.06 and 116.5% above the Travel & Leisure industry median of 43.52. Canlan Ice Sports' overall GF Score™ is 72/100 with 4 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 Canlan Ice Sports (CNLFF), the current Gross Margin % is 94.23% 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 Canlan Ice Sports (CNLFF) Overvalued in 2026?

Based on GuruFocus' analysis, Canlan Ice Sports stock appears to be undervalued. The current stock price of $2.97 is trading 5% below its estimated GF Value™ of $3.13.

Key valuation signals for CNLFF:

  • Gross Margin %: 94.23% (near median its 10-year median of 94.06)
  • GF Value™: $3.13 vs. price of $2.97 (5% below fair value)
  • GF Score™: 72/100 with 4 warning signs
  • Industry Position: 116.5% above the Travel & Leisure median (#23 of 793)

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


Canlan Ice Sports Business Description

Other Exchanges ICE:Canada
Address 6501 Sprott Street, Burnaby, BC, CAN, V6B 3B8
Canlan Ice Sports Corp is focused on the development, lease, acquisition, and operation of multi-purpose recreation and entertainment facilities in North America. The company has a single operating segment, which is an Ice rink and recreational facilities, that derives revenue from food and beverage, sports stores, sponsorship, Others, space rental, management, and consulting fees. Geographically, it generates the majority of its revenue from Canada.
72GF Score

Get the complete analysis for CNLFF

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

$2.97
Price
$3.13
GF Value