Airtel AfricaMEX:AAFN 39 Gross Margin % is 73.63% as of Mar. 2026, which is 16% above its 10-year median of 63.49. GuruFocus rates MEX:AAFN with a GF Score™ of 39/100. The stock has 3 warning signs investors should review. Among 344 Telecommunication Services companies, Airtel Africa ranks better than 84.88% on this metric.
The historical rank and industry rank for Airtel Africa's Gross Margin % or its related term are showing as below:
MEX:AAFN'
s Gross Margin % Range Over the Past 10 Years
Min: 55.24 Med: 63.49 Max: 72.93
Current: 72.93
During the past 10 years, the highestGross Margin % of Airtel Africa was 72.93%. The lowest was 55.24%. And the median was 63.49%.
MEX:AAFN's Gross Margin % is ranked better than 84.88% of 344
companies
in the Telecommunication Services industry
Industry Median: 51.415
vs MEX:AAFN: 72.93
Airtel Africa had a gross margin of 73.63% for the quarter that ended in Mar. 2026 => Durable competitive advantage
The 5-Year average Growth Rate of Gross Margin for Airtel Africa was 3.00% per year.
Airtel Africa (MEX:AAFN) 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
Airtel Africa had a gross margin of 73.63% 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.
Airtel Africa Gross Margin % Related Terms
Airtel Africa Gross Margin % Historical Data
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The historical data trend for Airtel Africa'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.
MEX:AAFN vs TMUS, VZ, T: Gross Margin % Comparison
For the Telecom Services subindustry, Airtel Africa'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.
Airtel Africa Gross Margin % vs Telecommunication Services Industry
For the Telecommunication Services industry and Communication Services sector, Airtel Africa's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Airtel Africa'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.
Airtel Africa (MEX:AAFN) has a Gross Margin % of 73.63% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Airtel Africa and its competitors. This is 16% above median its historical median of 63.49. Over the past decade, Airtel Africa's Gross Margin % has ranged from 55.24 to 72.93. According to the industry distribution chart, Airtel Africa ranks #52 out of 344 companies in the Telecommunication Services industry, placing it in the top 15.1%.
Is Airtel Africa's Gross Margin % too high?
Airtel Africa's current Gross Margin % of 73.63% is 16% above median its 10-year median of 63.49. Over the past 10 years, this metric has ranged from a low of 55.24 to a high of 72.93. The Telecommunication Services industry median Gross Margin % is 51.42. Airtel Africa's value of 73.63% is 43.2% above this industry median. Based on the distribution chart, Airtel Africa ranks #52 out of 344 companies in the Telecommunication Services industry, which is in the top quartile — a strong position relative to peers. Overall, Airtel Africa has a GF Score™ of 39/100, reflecting its overall financial health beyond just this single metric.
How does Airtel Africa's Gross Margin % compare to TMUS and VZ?
According to the Telecommunication Services industry distribution chart, Airtel Africa ranks #52 out of 344 companies for Gross Margin %. This places Airtel Africa in the top 15% of its industry — outperforming the majority of peers. The industry median Gross Margin % is 51.42. Airtel Africa's value of 73.63% is 43.2% above this benchmark. Historically, Airtel Africa's own Gross Margin % has ranged from 55.24 to 72.93 over the past decade. While the company's 10-year median is 63.49 vs. the industry median of 51.42, Airtel Africa 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 Telecommunication Services company?
The median Gross Margin % among Telecommunication Services companies is 51.42, based on 344 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. Airtel Africa's current Gross Margin % of 73.63% is 43.2% 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 Airtel Africa and its competitors. For the Telecommunication Services industry, the median Gross Margin % is 51.42 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Airtel Africa's current Gross Margin % is 73.63%, which is 16% above median its own 10-year median of 63.49. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Airtel Africa stock overvalued right now?
Airtel Africa (MEX:AAFN) has a current Gross Margin % of 73.63%. The current Gross Margin % is 73.63%, which is 16% above median its 10-year median of 63.49 and 43.2% above the Telecommunication Services industry median of 51.42. Airtel Africa's overall GF Score™ is 39/100 with 3 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 Airtel Africa (MEX:AAFN), the current Gross Margin % is 73.63% 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.
Airtel Africa PLC is a telecoms and financial services provider transforming lives across the continent through increased digital and financial inclusion. The principal activities of the Group mainly consist of the provision of telecommunications and mobile money services. Its services include Voice, Data, Mobile money, Enterprise, and Data centers. The Group's operating segments are Nigeria mobile services, East Africa mobile services, Francophone Africa mobile services, and Mobile money. It generates maximum revenue from East Africa mobile services, comprising mobile service operations in Uganda, Kenya, Zambia, Tanzania, Malawi, and Rwanda.
39GF Score
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