TrainlineTNLIF 70 Gross Margin % is 83.02% as of Feb. 2026, which is 8% above its 10-year median of 76.64. GuruFocus rates TNLIF with a GF Score™ of 70/100 and a GF Value™ of $5.62. The stock has 2 warning signs investors should review. Among 793 Travel & Leisure companies, Trainline ranks better than 89.53% on this metric.
Gross Margin % is calculated as gross profit divided by its revenue. Trainline's Gross Profit for the
six
months ended in Feb. 2026 was $245.9 Mil. Trainline's Revenue for the
six
months ended in Feb. 2026 was $296.1 Mil. Therefore, Trainline's Gross Margin % for the quarter that ended in Feb. 2026 was 83.02%.
The historical rank and industry rank for Trainline's Gross Margin % or its related term are showing as below:
TNLIF'
s Gross Margin % Range Over the Past 10 Years
Min: 72.56 Med: 76.64 Max: 82.59
Current: 82.59
During the past 10 years, the highestGross Margin % of Trainline was 82.59%. The lowest was 72.56%. And the median was 76.64%.
TNLIF's Gross Margin % is ranked better than 89.53% of 793
companies
in the Travel & Leisure industry
Industry Median: 44.02
vs TNLIF: 82.59
Trainline had a gross margin of 83.02% for the quarter that ended in Feb. 2026 => Durable competitive advantage
The 5-Year average Growth Rate of Gross Margin for Trainline was 2.20% per year.
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
Trainline had a gross margin of 83.02% for the quarter that ended in Feb. 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.
Trainline Gross Margin % Related Terms
Trainline Gross Margin % Historical Data
* Premium members only.
The historical data trend for Trainline'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.
TNLIF vs BKNG, ABNB, RCL: Gross Margin % Comparison
For the Travel Services subindustry, Trainline'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.
Trainline Gross Margin % vs Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Trainline's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Trainline'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.
Trainline (TNLIF) has a Gross Margin % of 83.02% as of Feb. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Trainline and its competitors. This is near median its historical median of 76.64. Over the past decade, Trainline's Gross Margin % has ranged from 72.56 to 82.59. According to the industry distribution chart, Trainline ranks #83 out of 793 companies in the Travel & Leisure industry, placing it in the top 10.5%.
Is Trainline's Gross Margin % too high?
Trainline's current Gross Margin % of 83.02% is near median its 10-year median of 76.64. Over the past 10 years, this metric has ranged from a low of 72.56 to a high of 82.59. The Travel & Leisure industry median Gross Margin % is 44.02. Trainline's value of 83.02% is 88.6% above this industry median. Based on the distribution chart, Trainline ranks #83 out of 793 companies in the Travel & Leisure industry, which is in the top quartile — a strong position relative to peers. Overall, Trainline has a GF Score™ of 70/100, reflecting its overall financial health beyond just this single metric.
How does Trainline's Gross Margin % compare to BKNG and ABNB?
According to the Travel & Leisure industry distribution chart, Trainline ranks #83 out of 793 companies for Gross Margin %. This places Trainline in the top 11% of its industry — outperforming the majority of peers. The industry median Gross Margin % is 44.02. Trainline's value of 83.02% is 88.6% above this benchmark. Historically, Trainline's own Gross Margin % has ranged from 72.56 to 82.59 over the past decade. While the company's 10-year median is 76.64 vs. the industry median of 44.02, Trainline 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 44.02, 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. Trainline's current Gross Margin % of 83.02% is 88.6% 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 Trainline and its competitors. For the Travel & Leisure industry, the median Gross Margin % is 44.02 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Trainline's current Gross Margin % is 83.02%, which is near median its own 10-year median of 76.64. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Trainline stock overvalued right now?
Trainline (TNLIF) has a current Gross Margin % of 83.02%. The stock's GF Value™ is $5.62, compared to a current price of $2.97 — trading 47.2% below its estimated fair value. The current Gross Margin % is 83.02%, which is near median its 10-year median of 76.64 and 88.6% above the Travel & Leisure industry median of 44.02. Trainline's overall GF Score™ is 70/100 with 2 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 Trainline (TNLIF), the current Gross Margin % is 83.02% as of Feb. 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 Trainline (TNLIF) Overvalued in 2026?
Based on GuruFocus' analysis, Trainline stock appears to be undervalued.
The current stock price of $2.97 is trading 47.2% below its estimated GF Value™ of $5.62.
Key valuation signals for TNLIF:
Gross Margin %: 83.02% (near median its 10-year median of 76.64)
GF Value™: $5.62 vs. price of $2.97 (47.2% below fair value)
Industry Position: 88.6% above the Travel & Leisure median (#83 of 793)
No single metric tells the full story. See the TNLIF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Trainline PLC are the main independent rail and coach travel platform selling rail and coach tickets world'wide. The Group has three operating segments UK Consumer includes Travel apps and websites for individual travellers for journeys within the UK; International Consumer includes Travel apps and websites for individual travellers for journeys outside the UK including journeys between the UK and outside the UK, and Trainline Solutions1 includes Travel portal platforms for Trainline's own branded business units, in addition to external corporates, travel management companies and whitelabel ecommerce platforms for Train Operating Companies. It generates majority of revenue from UK Consumer. It has presence in UK and Rest of world of which majority of revenue comes from UK.
70GF Score
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