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Surf Air Mobility (NYSE:SRFM) 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
Surf Air Mobility had a gross margin of -8.11% for the quarter that ended in Jun. 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.
Surf Air Mobility Gross Margin % Related Terms
Surf Air Mobility Gross Margin % Historical Data
* Premium members only.
The historical data trend for Surf Air Mobility'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.
SRFM vs FLYX, HRBR, FLYYQ: Gross Margin % Comparison
For the Airlines subindustry, Surf Air Mobility'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.
Surf Air Mobility Gross Margin % vs Transportation Industry
For the Transportation industry and Industrials sector, Surf Air Mobility's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Surf Air Mobility'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.
Surf Air Mobility (SRFM) has a Gross Margin % of -8.11% as of Jun. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Surf Air Mobility and its competitors. According to the industry distribution chart, Surf Air Mobility ranks #970 out of 988 companies in the Transportation industry, placing it in the top 98.2%.
Is Surf Air Mobility's Gross Margin % too high?
Surf Air Mobility's current Gross Margin % is -8.11%. Based on the distribution chart, Surf Air Mobility ranks #970 out of 988 companies in the Transportation industry, which is in the bottom quartile relative to peers. Overall, Surf Air Mobility has a GF Score™ of 46/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Surf Air Mobility's Gross Margin % compare to FLYX and HRBR?
According to the Transportation industry distribution chart, Surf Air Mobility ranks #970 out of 988 companies for Gross Margin %. This places Surf Air Mobility in the lower half of its industry. The industry median Gross Margin % is 20.83. 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 20.83, based on 988 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. 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 Surf Air Mobility and its competitors. For the Transportation industry, the median Gross Margin % is 20.83 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Surf Air Mobility's current Gross Margin % is -8.11%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Surf Air Mobility stock overvalued right now?
Based on GuruFocus' analysis, Surf Air Mobility (SRFM) is currently considered Fairly Valued. The stock's GF Value™ is $0.68, compared to a current price of $0.67 — trading 1.5% below its estimated fair value. The current Gross Margin % is -8.11%. Surf Air Mobility's overall GF Score™ is 46/100 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 Surf Air Mobility (SRFM), the current Gross Margin % is -8.11% as of Jun. 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 Surf Air Mobility (SRFM) Overvalued in 2026?
Based on GuruFocus' analysis, Surf Air Mobility stock appears to be undervalued.
The current stock price of $0.67 is trading 1.5% below its estimated GF Value™ of $0.68.
GuruFocus considers Surf Air Mobility to be Fairly Valued.
Key valuation signals for SRFM:
Gross Margin %: -8.11%
GF Value™: $0.68 vs. price of $0.67 (1.5% below fair value)
No single metric tells the full story. See the SRFM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Surf Air Mobility Inc is a regional air mobility platform operating commuter airlines in the United States and expanding an on-demand charter marketplace for passengers in the U.S. and globally. It is also focused on developing a proprietary aviation software, aircraft electrification powertrain technology and services to enable electrification across the regional air mobility sector. The company operates in a single reportable segment, Air Mobility. The Air Mobility segment derives revenue from operating scheduled commercial air service flights, which are sold to the public mainly on a per-seat basis; through subsidized EAS revenue awards from the Department of Transportation; and by operating on-demand flights for customers on an ad-hoc, by request basis.
46GF Score
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Gross Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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