Joby Aviation (STU:8TQ) Gross Margin %: 22.45% (As of Mar. 2026) — 56% Below Median

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STU:8TQ Joby Aviation Inc STU:8TQ
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What is Joby Aviation Gross Margin %?

Joby Aviation STU:8TQ -1.55% 30 Gross Margin % is 22.45% as of Mar. 2026, which is 56% below its 10-year median of 50.74. GuruFocus rates STU:8TQ with a GF Score™ of 30/100. The stock has 4 warning signs investors should review. Among 982 Transportation companies, Joby Aviation ranks better than 79.84% on this metric.

Gross Margin % is calculated as gross profit divided by its revenue. Joby Aviation's Gross Profit for the three months ended in Mar. 2026 was €4.71 Mil. Joby Aviation's Revenue for the three months ended in Mar. 2026 was €20.97 Mil. Therefore, Joby Aviation's Gross Margin % for the quarter that ended in Mar. 2026 was 22.45%.


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

STU:8TQ' s Gross Margin % Range Over the Past 10 Years
Min: 38.03   Med: 50.74   Max: 80.62
Current: 38.03


During the past 6 years, the highest Gross Margin % of Joby Aviation was 80.62%. The lowest was 38.03%. And the median was 50.74%.

STU:8TQ's Gross Margin % is ranked better than
79.84% of 982 companies
in the Transportation industry
Industry Median: 20.36 vs STU:8TQ: 38.03

Joby Aviation had a gross margin of 22.45% for the quarter that ended in Mar. 2026 => Competition eroding margins

The 5-Year average Growth Rate of Gross Margin for Joby Aviation was 0.00% per year.


Joby Aviation  (STU:8TQ) 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

Joby Aviation had a gross margin of 22.45% for the quarter that ended in Mar. 2026 => Competition eroding margins


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.


Joby Aviation Gross Margin % Related Terms


Joby Aviation Gross Margin % Historical Data

* Premium members only.

The historical data trend for Joby Aviation'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.

Joby Aviation Gross Margin % Chart

Joby Aviation Annual Data
Trend Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Gross Margin %
Get a 7-Day Free Trial 0.00 0.00 80.66 50.77 45.10

Joby Aviation Quarterly Data
Jun21 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 0.00 30.77 55.44 37.55 22.45

STU:8TQ vs CAAP, ASLE, UP: Gross Margin % Comparison

For the Airports & Air Services subindustry, Joby Aviation'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.


Joby Aviation Gross Margin % vs Transportation Industry

For the Transportation industry and Industrials sector, Joby Aviation's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Joby Aviation's Gross Margin % falls into.


STU:8TQ
30GF Score
Joby Aviation Inc STU:8TQ
Gross Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
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Joby Aviation Gross Margin % Calculation

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

Joby Aviation'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 )
=20.6 / 45.625
=(Revenue - Cost of Goods Sold) / Revenue
=(45.625 - 25.046) / 45.625
=45.10 %

Joby Aviation'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 )
=4.7 / 20.973
=(Revenue - Cost of Goods Sold) / Revenue
=(20.973 - 16.265) / 20.973
=22.45 %

* 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 22.45% mean?
Joby Aviation (STU:8TQ) has a Gross Margin % of 22.45% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Joby Aviation and its competitors. This is 56% below median its historical median of 50.74. Over the past decade, Joby Aviation's Gross Margin % has ranged from 38.03 to 80.62. According to the industry distribution chart, Joby Aviation ranks #198 out of 982 companies in the Transportation industry, placing it in the top 20.2%.
Is Joby Aviation's Gross Margin % too high?
Joby Aviation's current Gross Margin % of 22.45% is 56% below median its 10-year median of 50.74. Over the past 10 years, this metric has ranged from a low of 38.03 to a high of 80.62. The Transportation industry median Gross Margin % is 20.36. Joby Aviation's value of 22.45% is 10.3% above this industry median. Based on the distribution chart, Joby Aviation ranks #198 out of 982 companies in the Transportation industry, which is in the top quartile — a strong position relative to peers. Overall, Joby Aviation has a GF Score™ of 30/100, reflecting its overall financial health beyond just this single metric.
How does Joby Aviation's Gross Margin % compare to CAAP and ASLE?
According to the Transportation industry distribution chart, Joby Aviation ranks #198 out of 982 companies for Gross Margin %. This places Joby Aviation in the top 20% of its industry — outperforming the majority of peers. The industry median Gross Margin % is 20.36. Joby Aviation's value of 22.45% is 10.3% above this benchmark. Historically, Joby Aviation's own Gross Margin % has ranged from 38.03 to 80.62 over the past decade. While the company's 10-year median is 50.74 vs. the industry median of 20.36, Joby Aviation 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 Transportation company?
The median Gross Margin % among Transportation companies is 20.36, based on 982 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. Joby Aviation's current Gross Margin % of 22.45% is 10.3% 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 Joby Aviation and its competitors. For the Transportation industry, the median Gross Margin % is 20.36 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Joby Aviation's current Gross Margin % is 22.45%, which is 56% below median its own 10-year median of 50.74. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Joby Aviation stock overvalued right now?
Joby Aviation (STU:8TQ) has a current Gross Margin % of 22.45%. The current Gross Margin % is 22.45%, which is 56% below median its 10-year median of 50.74 and 10.3% above the Transportation industry median of 20.36. Joby Aviation's overall GF Score™ is 30/100 with 4 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 Joby Aviation (STU:8TQ), the current Gross Margin % is 22.45% 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.

Joby Aviation Business Description

Other Exchanges JOBY:USA1JOBY:Italy
Address 333 Encinal Street, Santa Cruz, CA, USA, 95060
Joby Aviation Inc is a transportation company developing an all-electric, vertical take-off and landing (eVTOL) air taxi for commercial passenger service. Its Joby eVTOL aircraft is designed to transport a pilot and up to four passengers or an expected payload of up to 1,000 pounds at speeds of up to 200 mph. The aircraft is optimized for urban routes, with a target range of up to 100 miles on a single charge. The company is also developing an app-based platform that will help consumers to book rides directly through its service. It has one operating and reportable segment, air transportation and related services. The company's revenue consists of passenger revenue, which includes revenue generated from the transportation of passengers via helicopter or fixed wing aircraft.
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