Viking HoldingsFRA:ZG8 -1.69%19 Gross Margin % is 34.13% as of Mar. 2026, which is 14% below its 10-year median of 39.46. GuruFocus rates FRA:ZG8 with a GF Score™ of 19/100. The stock has 8 warning signs investors should review. Among 790 Travel & Leisure companies, Viking Holdings ranks worse than 51.52% on this metric.
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
Viking Holdings had a gross margin of 34.13% for the quarter that ended in Mar. 2026 => Competition eroding margins
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.
Viking Holdings Gross Margin % Related Terms
Viking Holdings Gross Margin % Historical Data
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The historical data trend for Viking Holdings'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.
FRA:ZG8 vs CCL, EXPE, TCOM: Gross Margin % Comparison
For the Travel Services subindustry, Viking Holdings'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.
Viking Holdings Gross Margin % vs Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Viking Holdings's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Viking Holdings'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.
Viking Holdings (FRA:ZG8) has a Gross Margin % of 34.13% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Viking Holdings and its competitors. This is 14% below median its historical median of 39.46. According to the industry distribution chart, Viking Holdings ranks #407 out of 790 companies in the Travel & Leisure industry, placing it in the top 51.5%.
Is Viking Holdings' Gross Margin % too high?
Viking Holdings' current Gross Margin % of 34.13% is 14% below median its 10-year median of 39.46. The Travel & Leisure industry median Gross Margin % is 44.09. Viking Holdings' value of 34.13% is 22.6% below this industry median. Based on the distribution chart, Viking Holdings ranks #407 out of 790 companies in the Travel & Leisure industry, which is below the industry midpoint. Overall, Viking Holdings has a GF Score™ of 19/100, reflecting its overall financial health beyond just this single metric.
How does Viking Holdings' Gross Margin % compare to CCL and EXPE?
According to the Travel & Leisure industry distribution chart, Viking Holdings ranks #407 out of 790 companies for Gross Margin %. This places Viking Holdings in the lower half of its industry. The industry median Gross Margin % is 44.09. Viking Holdings' value of 34.13% is 22.6% below this benchmark. While the company's 10-year median is 39.46 vs. the industry median of 44.09, Viking Holdings has consistently been below 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 44.09, based on 790 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. Viking Holdings's current Gross Margin % of 34.13% is 22.6% below 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 Viking Holdings and its competitors. For the Travel & Leisure industry, the median Gross Margin % is 44.09 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Viking Holdings's current Gross Margin % is 34.13%, which is 14% below median its own 10-year median of 39.46. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Viking Holdings stock overvalued right now?
Viking Holdings (FRA:ZG8) has a current Gross Margin % of 34.13%. The current Gross Margin % is 34.13%, which is 14% below median its 10-year median of 39.46 and 22.6% below the Travel & Leisure industry median of 44.09. Viking Holdings' overall GF Score™ is 19/100 with 8 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 Viking Holdings (FRA:ZG8), the current Gross Margin % is 34.13% 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.
Viking Holdings Ltd is a travel company, with a fleet of 92 small ships, which view as floating hotels. It offers travel experiences on all seven continents in all three categories of the cruise industry river, ocean, and expedition cruising. The Group defines its products based on the type of cruise offering and language of the cruise service. The River segment provides river cruises outside the United States to English-speaking passengers. The Ocean segment offers ocean cruises to English-speaking passengers. Other include operating segments that are not individually reportable, consisting of expedition cruises for English-speaking passengers (Expedition), Mississippi River cruises for English-speaking passengers, and Viking China, which includes cruises for Mandarin.
19GF Score
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