Starlux Airlines Co (TPE:2646) Gross Margin %: 13.18% (As of Dec. 2025)


TPE:2646 Starlux Airlines Co Ltd TPE:2646
48 GF Score
Price NT$21.05
GF Value NT$31.71
Valuation Possible Value Trap
! 9 Warning Signs
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What is Starlux Airlines Co Gross Margin %?

Starlux Airlines Co TPE:2646 -0.24% 48 Gross Margin % is 13.18% as of Dec. 2025. GuruFocus rates TPE:2646 with a GF Score™ of 48/100 and a GF Value™ of NT$31.71 (Possible Value Trap). The stock has 9 warning signs investors should review. Among 977 Transportation companies, Starlux Airlines Co ranks worse than 63.15% on this metric.

Gross Margin % is calculated as gross profit divided by its revenue. Starlux Airlines Co's Gross Profit for the three months ended in Dec. 2025 was NT$1,496 Mil. Starlux Airlines Co's Revenue for the three months ended in Dec. 2025 was NT$11,356 Mil. Therefore, Starlux Airlines Co's Gross Margin % for the quarter that ended in Dec. 2025 was 13.18%.


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

TPE:2646' s Gross Margin % Range Over the Past 10 Years
Min: -2795.76   Med: -95.6   Max: 20.23
Current: 15.23


During the past 7 years, the highest Gross Margin % of Starlux Airlines Co was 20.23%. The lowest was -2795.76%. And the median was -95.60%.

TPE:2646's Gross Margin % is ranked worse than
63.15% of 977 companies
in the Transportation industry
Industry Median: 20.42 vs TPE:2646: 15.23

Starlux Airlines Co had a gross margin of 13.18% for the quarter that ended in Dec. 2025 => No sustainable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Starlux Airlines Co was 0.00% per year.


Starlux Airlines Co  (TPE:2646) 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

Starlux Airlines Co had a gross margin of 13.18% for the quarter that ended in Dec. 2025 => 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.


Starlux Airlines Co Gross Margin % Related Terms


Starlux Airlines Co Gross Margin % Historical Data

* Premium members only.

The historical data trend for Starlux Airlines Co'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.

Starlux Airlines Co Gross Margin % Chart

Starlux Airlines Co Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Gross Margin %
Get a 7-Day Free Trial -218.17 -95.60 17.45 20.23 15.22

Starlux Airlines Co Quarterly Data
Dec19 Dec20 Dec21 Jun22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25
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 17.72 21.60 14.77 11.20 13.18

TPE:2646 vs DAL, UAL, LUV: Gross Margin % Comparison

For the Airlines subindustry, Starlux Airlines Co'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.


Starlux Airlines Co Gross Margin % vs Transportation Industry

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

* The bar in red indicates where Starlux Airlines Co's Gross Margin % falls into.


TPE:2646
48GF Score
Starlux Airlines Co Ltd TPE:2646
Gross Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
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Starlux Airlines Co Gross Margin % Calculation

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

Starlux Airlines Co'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 )
=6707.1 / 44053.262
=(Revenue - Cost of Goods Sold) / Revenue
=(44053.262 - 37346.211) / 44053.262
=15.22 %

Starlux Airlines Co's Gross Margin for the quarter that ended in Dec. 2025 is calculated as


Gross Margin % (Q: Dec. 2025 )=Gross Profit (Q: Dec. 2025 ) / Revenue (Q: Dec. 2025 )
=1496.4 / 11356.439
=(Revenue - Cost of Goods Sold) / Revenue
=(11356.439 - 9860.009) / 11356.439
=13.18 %

* 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 13.18% mean?
Starlux Airlines Co (TPE:2646) has a Gross Margin % of 13.18% as of Dec. 2025. Gross margin is the ratio of total gross profit to net sales. View historical data on Starlux Airlines Co and its competitors. According to the industry distribution chart, Starlux Airlines Co ranks #617 out of 977 companies in the Transportation industry, placing it in the top 63.2%.
Is Starlux Airlines Co's Gross Margin % too high?
Starlux Airlines Co's current Gross Margin % is 13.18%. The Transportation industry median Gross Margin % is 20.42. Starlux Airlines Co's value of 13.18% is 35.5% below this industry median. Based on the distribution chart, Starlux Airlines Co ranks #617 out of 977 companies in the Transportation industry, which is below the industry midpoint. Overall, Starlux Airlines Co has a GF Score™ of 48/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Starlux Airlines Co's Gross Margin % compare to DAL and UAL?
According to the Transportation industry distribution chart, Starlux Airlines Co ranks #617 out of 977 companies for Gross Margin %. This places Starlux Airlines Co in the lower half of its industry. The industry median Gross Margin % is 20.42. Starlux Airlines Co's value of 13.18% is 35.5% below this benchmark. 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 20.42, based on 977 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. Starlux Airlines Co's current Gross Margin % of 13.18% is 35.5% below 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 Starlux Airlines Co and its competitors. For the Transportation industry, the median Gross Margin % is 20.42 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Starlux Airlines Co's current Gross Margin % is 13.18%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Starlux Airlines Co stock overvalued right now?
Based on GuruFocus' analysis, Starlux Airlines Co (TPE:2646) is currently considered Possible Value Trap. The stock's GF Value™ is NT$31.71, compared to a current price of NT$21.05 — trading 33.6% below its estimated fair value. The current Gross Margin % is 13.18% and 35.5% below the Transportation industry median of 20.42. Starlux Airlines Co's overall GF Score™ is 48/100 with 9 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 Starlux Airlines Co (TPE:2646), the current Gross Margin % is 13.18% as of Dec. 2025. 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 Starlux Airlines Co (TPE:2646) Overvalued in 2026?

Based on GuruFocus' analysis, Starlux Airlines Co stock appears to be undervalued. The current stock price of NT$21.05 is trading 33.6% below its estimated GF Value™ of NT$31.71. GuruFocus considers Starlux Airlines Co to be Possible Value Trap.

Key valuation signals for TPE:2646:

  • Gross Margin %: 13.18%
  • GF Value™: NT$31.71 vs. price of NT$21.05 (33.6% below fair value)
  • GF Score™: 48/100 with 9 warning signs
  • Industry Position: 35.5% below the Transportation median (#617 of 977)

No single metric tells the full story. See the TPE:2646 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Starlux Airlines Co Business Description

Address Zhongxiao E. Road, Section 4, No. 525, 11th Floor, Xinyi District, Taipei, TWN, 11470
Starlux Airlines Co Ltd is an airline company that offers airline services. The company provides civil air transportation, civil aviation personnel training, and other services. It offers flights to more than ten Northeast Asia, Southeast Asia, and Macau destinations. Geographically, the company generates maximum revenue from Taiwan, and the rest from Asia (excluding Taiwan), North America, and other regions.
48GF Score

Get the complete analysis for TPE:2646

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

NT$21.05
Price
NT$31.71
GF Value