Turk Hava Yollari AOIST:THYAO +1.15%81 Gross Margin % is 8.35% as of Mar. 2026, which is 57% below its 10-year median of 19.39. GuruFocus rates IST:THYAO with a GF Score™ of 81/100 and a GF Value™ of ₺467.65 (Possible Value Trap). The stock has 8 warning signs investors should review. Among 985 Transportation companies, Turk Hava Yollari AO ranks worse than 61.52% on this metric.
The historical rank and industry rank for Turk Hava Yollari AO's Gross Margin % or its related term are showing as below:
IST:THYAO'
s Gross Margin % Range Over the Past 10 Years
Min: 5.29 Med: 19.39 Max: 24.31
Current: 15.96
During the past 13 years, the highestGross Margin % of Turk Hava Yollari AO was 24.31%. The lowest was 5.29%. And the median was 19.39%.
IST:THYAO's Gross Margin % is ranked worse than 61.52% of 985
companies
in the Transportation industry
Industry Median: 20.42
vs IST:THYAO: 15.96
Turk Hava Yollari AO had a gross margin of 8.35% for the quarter that ended in Mar. 2026 => No sustainable competitive advantage
The 5-Year average Growth Rate of Gross Margin for Turk Hava Yollari AO was 15.40% per year.
Turk Hava Yollari AO (IST:THYAO) 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
Turk Hava Yollari AO had a gross margin of 8.35% for the quarter that ended in Mar. 2026 => 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.
Turk Hava Yollari AO Gross Margin % Related Terms
Turk Hava Yollari AO Gross Margin % Historical Data
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The historical data trend for Turk Hava Yollari AO'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.
IST:THYAO vs DAL, UAL, LUV: Gross Margin % Comparison
For the Airlines subindustry, Turk Hava Yollari AO'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.
Turk Hava Yollari AO Gross Margin % vs Transportation Industry
For the Transportation industry and Industrials sector, Turk Hava Yollari AO's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Turk Hava Yollari AO'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.
Turk Hava Yollari AO (IST:THYAO) has a Gross Margin % of 8.35% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Turk Hava Yollari AO and its competitors. This is 57% below median its historical median of 19.39. Over the past decade, Turk Hava Yollari AO's Gross Margin % has ranged from 5.29 to 24.31. According to the industry distribution chart, Turk Hava Yollari AO ranks #606 out of 985 companies in the Transportation industry, placing it in the top 61.5%.
Is Turk Hava Yollari AO's Gross Margin % too high?
Turk Hava Yollari AO's current Gross Margin % of 8.35% is 57% below median its 10-year median of 19.39. Over the past 10 years, this metric has ranged from a low of 5.29 to a high of 24.31. The Transportation industry median Gross Margin % is 20.42. Turk Hava Yollari AO's value of 8.35% is 59.1% below this industry median. Based on the distribution chart, Turk Hava Yollari AO ranks #606 out of 985 companies in the Transportation industry, which is below the industry midpoint. Overall, Turk Hava Yollari AO has a GF Score™ of 81/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Turk Hava Yollari AO's Gross Margin % compare to DAL and UAL?
According to the Transportation industry distribution chart, Turk Hava Yollari AO ranks #606 out of 985 companies for Gross Margin %. This places Turk Hava Yollari AO in the lower half of its industry. The industry median Gross Margin % is 20.42. Turk Hava Yollari AO's value of 8.35% is 59.1% below this benchmark. Historically, Turk Hava Yollari AO's own Gross Margin % has ranged from 5.29 to 24.31 over the past decade. While the company's 10-year median is 19.39 vs. the industry median of 20.42, Turk Hava Yollari AO 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 20.42, 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. Turk Hava Yollari AO's current Gross Margin % of 8.35% is 59.1% 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 Turk Hava Yollari AO 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. Turk Hava Yollari AO's current Gross Margin % is 8.35%, which is 57% below median its own 10-year median of 19.39. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Turk Hava Yollari AO stock overvalued right now?
Based on GuruFocus' analysis, Turk Hava Yollari AO (IST:THYAO) is currently considered Possible Value Trap. The stock's GF Value™ is ₺467.65, compared to a current price of ₺328.50 — trading 29.8% below its estimated fair value. The current Gross Margin % is 8.35%, which is 57% below median its 10-year median of 19.39 and 59.1% below the Transportation industry median of 20.42. Turk Hava Yollari AO's overall GF Score™ is 81/100 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 Turk Hava Yollari AO (IST:THYAO), the current Gross Margin % is 8.35% 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 Turk Hava Yollari AO (IST:THYAO) Overvalued in 2026?
Based on GuruFocus' analysis, Turk Hava Yollari AO stock appears to be undervalued.
The current stock price of ₺328.50 is trading 29.8% below its estimated GF Value™ of ₺467.65.
GuruFocus considers Turk Hava Yollari AO to be Possible Value Trap.
Key valuation signals for IST:THYAO:
Gross Margin %: 8.35% (57% below median its 10-year median of 19.39)
GF Value™: ₺467.65 vs. price of ₺328.50 (29.8% below fair value)
Industry Position: 59.1% below the Transportation median (#606 of 985)
No single metric tells the full story. See the IST:THYAO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Turk Hava Yollari AO is a Turkish airline operator. It has flight networks across the globe, and transports passengers to many different regions. Additionally, it can provide long-haul direct cargo flights and other logistics to serve a diverse range of customers. It has two operating segments: air transportation and aircraft technical maintenance operations. The majority of revenue is generated from transferring passengers and cargo (air transportation segment). The company owns several hangars to perform maintenance on different types of aircraft. Its geographical segments are Asia & Far East, Europe, Americas, Africa, and Middle East.
81GF Score
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