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TS LinesHKSE:02510 +5.62%20 Gross Margin % is 19.68% as of Dec. 2025, which is 16% below its 10-year median of 23.50. GuruFocus rates HKSE:02510 with a GF Score™ of 20/100. The stock has 8 warning signs investors should review. Among 985 Transportation companies, TS Lines ranks better than 54.42% on this metric.
Gross Margin % is calculated as gross profit divided by its revenue. TS Lines's Gross Profit for the
six
months ended in Dec. 2025 was HK$985 Mil. TS Lines's Revenue for the
six
months ended in Dec. 2025 was HK$5,006 Mil. Therefore, TS Lines's Gross Margin % for the quarter that ended in Dec. 2025 was 19.68%.
The historical rank and industry rank for TS Lines's Gross Margin % or its related term are showing as below:
HKSE:02510'
s Gross Margin % Range Over the Past 10 Years
Min: -3.86 Med: 23.5 Max: 50.69
Current: 22.57
During the past 5 years, the highestGross Margin % of TS Lines was 50.69%. The lowest was -3.86%. And the median was 23.50%.
HKSE:02510's Gross Margin % is ranked better than 54.42% of 985
companies
in the Transportation industry
Industry Median: 20.77
vs HKSE:02510: 22.57
TS Lines had a gross margin of 19.68% for the quarter that ended in Dec. 2025 => No sustainable competitive advantage
The 5-Year average Growth Rate of Gross Margin for TS Lines was 0.00% per year.
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
TS Lines had a gross margin of 19.68% for the quarter that ended in Dec. 2025 => No sustainable 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.
TS Lines Gross Margin % Related Terms
TS Lines Gross Margin % Historical Data
* Premium members only.
The historical data trend for TS Lines'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 Marine Shipping subindustry, TS Lines'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.
TS Lines Gross Margin % vs Transportation Industry
For the Transportation industry and Industrials sector, TS Lines's Gross Margin % distribution charts can be found below:
* The bar in red indicates where TS Lines'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.
TS Lines (HKSE:02510) has a Gross Margin % of 19.68% as of Dec. 2025. Gross margin is the ratio of total gross profit to net sales. View historical data on TS Lines and its competitors. This is 16% below median its historical median of 23.50. According to the industry distribution chart, TS Lines ranks #449 out of 985 companies in the Transportation industry, placing it in the top 45.6%.
Is TS Lines' Gross Margin % too high?
TS Lines' current Gross Margin % of 19.68% is 16% below median its 10-year median of 23.50. The Transportation industry median Gross Margin % is 20.77. TS Lines' value of 19.68% is 5.2% below this industry median. Based on the distribution chart, TS Lines ranks #449 out of 985 companies in the Transportation industry, which is above the industry midpoint. Overall, TS Lines has a GF Score™ of 20/100, reflecting its overall financial health beyond just this single metric.
How does TS Lines' Gross Margin % compare to competitors?
According to the Transportation industry distribution chart, TS Lines ranks #449 out of 985 companies for Gross Margin %. This puts TS Lines in the upper half of its industry. The industry median Gross Margin % is 20.77. TS Lines' value of 19.68% is 5.2% below this benchmark. While the company's 10-year median is 23.50 vs. the industry median of 20.77, TS Lines 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 Transportation company?
The median Gross Margin % among Transportation companies is 20.77, based on 985 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. TS Lines's current Gross Margin % of 19.68% is 5.2% 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 TS Lines and its competitors. For the Transportation industry, the median Gross Margin % is 20.77 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. TS Lines's current Gross Margin % is 19.68%, which is 16% below median its own 10-year median of 23.50. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TS Lines stock overvalued right now?
TS Lines (HKSE:02510) has a current Gross Margin % of 19.68%. The current Gross Margin % is 19.68%, which is 16% below median its 10-year median of 23.50 and 5.2% below the Transportation industry median of 20.77. TS Lines' overall GF Score™ is 20/100 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 TS Lines (HKSE:02510), the current Gross Margin % is 19.68% 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.
TS Lines Ltd is a container shipping company focused on the Asia region. Its fleet consists of both owned and chartered vessels, focusing on high-frequency short-haul services originating from Asia. The Group generates maximum revenue from the provision of container shipping services, and also generates some income from other related services comprising slottage revenue, demurrage, and detention income. Geographically, it generates maximum revenue from the Chinese Mainland, and the rest from Hong Kong Special Administrative Region, Taiwan, Japan, Australia, the Philippines, Thailand, India, and other countries.
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