Havila Kystruten AS (OSL:HKY) Gross Margin %: 65.25% (As of Mar. 2026) — Near Median


OSL:HKY Havila Kystruten AS OSL:HKY
50 GF Score
Price kr57.00
GF Value kr54.12
Valuation Fairly Valued
! 6 Warning Signs
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What is Havila Kystruten AS Gross Margin %?

Havila Kystruten AS OSL:HKY -1.72% 50 Gross Margin % is 65.25% as of Mar. 2026, which is 3% below its 10-year median of 67.43. GuruFocus rates OSL:HKY with a GF Score™ of 50/100 and a GF Value™ of kr54.12 (Fairly Valued). The stock has 6 warning signs investors should review. Among 793 Travel & Leisure companies, Havila Kystruten AS ranks better than 80.45% on this metric.

Gross Margin % is calculated as gross profit divided by its revenue. Havila Kystruten AS's Gross Profit for the three months ended in Mar. 2026 was kr255 Mil. Havila Kystruten AS's Revenue for the three months ended in Mar. 2026 was kr391 Mil. Therefore, Havila Kystruten AS's Gross Margin % for the quarter that ended in Mar. 2026 was 65.25%.


The historical rank and industry rank for Havila Kystruten AS's Gross Margin % or its related term are showing as below:

OSL:HKY' s Gross Margin % Range Over the Past 10 Years
Min: 53.74   Med: 67.43   Max: 96.64
Current: 68.55


During the past 8 years, the highest Gross Margin % of Havila Kystruten AS was 96.64%. The lowest was 53.74%. And the median was 67.43%.

OSL:HKY's Gross Margin % is ranked better than
80.45% of 793 companies
in the Travel & Leisure industry
Industry Median: 43.92 vs OSL:HKY: 68.55

Havila Kystruten AS had a gross margin of 65.25% for the quarter that ended in Mar. 2026 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Havila Kystruten AS was 0.00% per year.


Havila Kystruten AS  (OSL:HKY) 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

Havila Kystruten AS had a gross margin of 65.25% 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.


Havila Kystruten AS Gross Margin % Related Terms


Havila Kystruten AS Gross Margin % Historical Data

* Premium members only.

The historical data trend for Havila Kystruten AS'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.

Havila Kystruten AS Gross Margin % Chart

Havila Kystruten AS Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Gross Margin %
Get a 7-Day Free Trial 96.64 83.75 53.74 63.75 67.43

Havila Kystruten AS Quarterly Data
May21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Gross Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 59.23 65.86 75.62 62.49 65.25

OSL:HKY vs BKNG, ABNB, RCL: Gross Margin % Comparison

For the Travel Services subindustry, Havila Kystruten AS'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.


Havila Kystruten AS Gross Margin % vs Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Havila Kystruten AS's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Havila Kystruten AS's Gross Margin % falls into.


OSL:HKY
50GF Score
Havila Kystruten AS OSL:HKY
Gross Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
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Havila Kystruten AS Gross Margin % Calculation

Gross Margin is the percentage of Gross Profit out of sales or Revenue.

Havila Kystruten AS's Gross Margin for the fiscal year that ended in Dec. 2025 is calculated as

Gross Margin % (A: Dec. 2025 )=Gross Profit (A: Dec. 2025 ) / Revenue (A: Dec. 2025 )
=1197.1 / 1775.243
=(Revenue - Cost of Goods Sold) / Revenue
=(1775.243 - 578.115) / 1775.243
=67.43 %

Havila Kystruten AS's Gross Margin for the quarter that ended in Mar. 2026 is calculated as


Gross Margin % (Q: Mar. 2026 )=Gross Profit (Q: Mar. 2026 ) / Revenue (Q: Mar. 2026 )
=255.4 / 391.427
=(Revenue - Cost of Goods Sold) / Revenue
=(391.427 - 136.013) / 391.427
=65.25 %

* 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.

Frequently Asked Questions Learn more about Gross Margin % →
What does a Gross Margin % of 65.25% mean?
Havila Kystruten AS (OSL:HKY) has a Gross Margin % of 65.25% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Havila Kystruten AS and its competitors. This is near median its historical median of 67.43. Over the past decade, Havila Kystruten AS's Gross Margin % has ranged from 53.74 to 96.64. According to the industry distribution chart, Havila Kystruten AS ranks #155 out of 793 companies in the Travel & Leisure industry, placing it in the top 19.5%.
Is Havila Kystruten AS's Gross Margin % too high?
Havila Kystruten AS's current Gross Margin % of 65.25% is near median its 10-year median of 67.43. Over the past 10 years, this metric has ranged from a low of 53.74 to a high of 96.64. The Travel & Leisure industry median Gross Margin % is 43.92. Havila Kystruten AS's value of 65.25% is 48.6% above this industry median. Based on the distribution chart, Havila Kystruten AS ranks #155 out of 793 companies in the Travel & Leisure industry, which is in the top quartile — a strong position relative to peers. Overall, Havila Kystruten AS has a GF Score™ of 50/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Havila Kystruten AS's Gross Margin % compare to BKNG and ABNB?
According to the Travel & Leisure industry distribution chart, Havila Kystruten AS ranks #155 out of 793 companies for Gross Margin %. This places Havila Kystruten AS in the top 20% of its industry — outperforming the majority of peers. The industry median Gross Margin % is 43.92. Havila Kystruten AS's value of 65.25% is 48.6% above this benchmark. Historically, Havila Kystruten AS's own Gross Margin % has ranged from 53.74 to 96.64 over the past decade. While the company's 10-year median is 67.43 vs. the industry median of 43.92, Havila Kystruten AS 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 Travel & Leisure company?
The median Gross Margin % among Travel & Leisure companies is 43.92, based on 793 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. Havila Kystruten AS's current Gross Margin % of 65.25% is 48.6% 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 Havila Kystruten AS and its competitors. For the Travel & Leisure industry, the median Gross Margin % is 43.92 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Havila Kystruten AS's current Gross Margin % is 65.25%, which is near median its own 10-year median of 67.43. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Havila Kystruten AS stock overvalued right now?
Based on GuruFocus' analysis, Havila Kystruten AS (OSL:HKY) is currently considered Fairly Valued. The stock's GF Value™ is kr54.12, compared to a current price of kr57.00 — trading 5.3% above its estimated fair value. The current Gross Margin % is 65.25%, which is near median its 10-year median of 67.43 and 48.6% above the Travel & Leisure industry median of 43.92. Havila Kystruten AS's overall GF Score™ is 50/100 with 6 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 Havila Kystruten AS (OSL:HKY), the current Gross Margin % is 65.25% 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 Havila Kystruten AS (OSL:HKY) Overvalued in 2026?

Based on GuruFocus' analysis, Havila Kystruten AS stock appears to be overvalued. The current stock price of kr57.00 is trading 5.3% above its estimated GF Value™ of kr54.12. GuruFocus considers Havila Kystruten AS to be Fairly Valued.

Key valuation signals for OSL:HKY:

  • Gross Margin %: 65.25% (near median its 10-year median of 67.43)
  • GF Value™: kr54.12 vs. price of kr57.00 (5.3% above fair value)
  • GF Score™: 50/100 with 6 warning signs
  • Industry Position: 48.6% above the Travel & Leisure median (#155 of 793)

No single metric tells the full story. See the OSL:HKY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Havila Kystruten AS Business Description

Other Exchanges 6FZ0:Germany
Address Mjolstadnesvegen 24, Fosnavag, NOR, 6092
Havila Kystruten AS purpose is to operate shipping, transport, and tourism activities, including development and investment in other companies, and other activities naturally related thereto. It operates four vessels on the classic coastal route between Bergen and Kirkenes, using some of the environmentally friendly ships along the Norwegian coast.
50GF Score

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Gross Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

kr57.00
Price
kr54.12
GF Value