AIR GlobalFRA:J1B +1.98%21 Gross Margin % is 56.12% as of Dec. 2025, which is at its 10-year median of 56.12. GuruFocus rates FRA:J1B with a GF Score™ of 21/100. The stock has 2 warning signs investors should review. Among 47 Tobacco Products companies, AIR Global ranks better than 74.47% on this metric.
Gross Margin % is calculated as gross profit divided by its revenue. AIR Global's Gross Profit for the
six
months ended in Dec. 2025 was €191.6 Mil. AIR Global's Revenue for the
six
months ended in Dec. 2025 was €341.4 Mil. Therefore, AIR Global's Gross Margin % for the quarter that ended in Dec. 2025 was 56.12%.
The historical rank and industry rank for AIR Global's Gross Margin % or its related term are showing as below:
FRA:J1B'
s Gross Margin % Range Over the Past 10 Years
Min: 55.07 Med: 56.12 Max: 57.78
Current: 56.12
During the past 3 years, the highestGross Margin % of AIR Global was 57.78%. The lowest was 55.07%. And the median was 56.12%.
FRA:J1B's Gross Margin % is ranked better than 74.47% of 47
companies
in the Tobacco Products industry
Industry Median: 33.29
vs FRA:J1B: 56.12
AIR Global had a gross margin of 56.12% for the quarter that ended in Dec. 2025 => Durable competitive advantage
The 5-Year average Growth Rate of Gross Margin for AIR Global was 0.00% per year.
AIR Global (FRA:J1B) 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 Global had a gross margin of 56.12% 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 Global Gross Margin % Related Terms
AIR Global Gross Margin % Historical Data
* Premium members only.
The historical data trend for AIR Global'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.
AIR Global Gross Margin % Chart
AIR Global Annual Data
Trend
Dec23
Dec24
Dec25
Gross Margin %
55.07
57.78
56.12
AIR Global Semi-Annual Data
Dec23
Dec24
Dec25
Gross Margin %
55.07
57.78
56.12
FRA:J1B vs UVV, TPB, ISPR: Gross Margin % Comparison
For the Tobacco subindustry, AIR Global'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 Global Gross Margin % vs Tobacco Products Industry
For the Tobacco Products industry and Consumer Defensive sector, AIR Global's Gross Margin % distribution charts can be found below:
* The bar in red indicates where AIR Global'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 Global (FRA:J1B) has a Gross Margin % of 56.12% as of Dec. 2025. Gross margin is the ratio of total gross profit to net sales. View historical data on AIR Global and its competitors. This is near median its historical median of 56.12. Over the past decade, AIR Global's Gross Margin % has ranged from 55.07 to 57.78. According to the industry distribution chart, AIR Global ranks #12 out of 47 companies in the Tobacco Products industry, placing it in the top 25.5%.
Is AIR Global's Gross Margin % too high?
AIR Global's current Gross Margin % of 56.12% is near median its 10-year median of 56.12. Over the past 10 years, this metric has ranged from a low of 55.07 to a high of 57.78. The Tobacco Products industry median Gross Margin % is 33.29. AIR Global's value of 56.12% is 68.6% above this industry median. Based on the distribution chart, AIR Global ranks #12 out of 47 companies in the Tobacco Products industry, which is above the industry midpoint. Overall, AIR Global has a GF Score™ of 21/100, reflecting its overall financial health beyond just this single metric.
How does AIR Global's Gross Margin % compare to UVV and TPB?
According to the Tobacco Products industry distribution chart, AIR Global ranks #12 out of 47 companies for Gross Margin %. This puts AIR Global in the upper half of its industry. The industry median Gross Margin % is 33.29. AIR Global's value of 56.12% is 68.6% above this benchmark. Historically, AIR Global's own Gross Margin % has ranged from 55.07 to 57.78 over the past decade. While the company's 10-year median is 56.12 vs. the industry median of 33.29, AIR Global 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 Tobacco Products company?
The median Gross Margin % among Tobacco Products companies is 33.29, based on 47 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 Global's current Gross Margin % of 56.12% is 68.6% 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 Global and its competitors. For the Tobacco Products industry, the median Gross Margin % is 33.29 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. AIR Global's current Gross Margin % is 56.12%, which is near median its own 10-year median of 56.12. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is AIR Global stock overvalued right now?
AIR Global (FRA:J1B) has a current Gross Margin % of 56.12%. The current Gross Margin % is 56.12%, which is near median its 10-year median of 56.12 and 68.6% above the Tobacco Products industry median of 33.29. AIR Global's overall GF Score™ is 21/100 with 2 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 Global (FRA:J1B), the current Gross Margin % is 56.12% 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.
AIR Global PLC operates in the social inhalation products sector and has operations across multiple international markets. Its portfolio includes businesses and products related to shisha and hookah, including flavored shisha molasses, hookah and shisha e-commerce platforms, and charcoal-free shisha devices. The company also conducts product research and testing in partnership with independent laboratories to support the development of inhalation-related products and technologies.
21GF Score
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