Aena SMEHAM:A441 -0.53%92 Net Margin % is 22.47% as of Mar. 2026, which is 29% below its 10-year median of 31.43. GuruFocus rates HAM:A441 with a GF Score™ of 92/100 and a GF Value™ of €24.73 (Fairly Valued). The stock has 5 warning signs investors should review. Among 1,008 Transportation companies, Aena SME ranks better than 94.64% on this metric.
Net margin is calculated as Net Income divided by its Revenue. Aena SME's Net Income for the
three
months ended in Mar. 2026 was €329 Mil. Aena SME's Revenue for the
three
months ended in Mar. 2026 was €1,466 Mil. Therefore, Aena SME's net margin for the quarter that ended in Mar. 2026 was 22.47%.
The historical rank and industry rank for Aena SME's Net Margin % or its related term are showing as below:
HAM:A441'
s Net Margin % Range Over the Past 10 Years
Min: -19.52 Med: 31.43 Max: 34.65
Current: 34.65
HAM:A441's Net Margin % is ranked better than 94.64% of 1008
companies
in the Transportation industry
Industry Median: 4.99
vs HAM:A441: 34.65
Aena SME (HAM:A441) Net Margin % Explanation
Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.
But the long term trend of the net margin is a good indicator of the competitiveness and health of the business.
Aena SME Net Margin % Related Terms
Aena SME Net Margin % Historical Data
* Premium members only.
The historical data trend for Aena SME's Net 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.
For the Airports & Air Services subindustry, Aena SME's Net Margin %, along with its competitors' market caps and Net 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.
Aena SME Net Margin % vs Transportation Industry
For the Transportation industry and Industrials sector, Aena SME's Net Margin % distribution charts can be found below:
* The bar in red indicates where Aena SME's Net 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.
Aena SME (HAM:A441) has a Net Margin % of 22.47% as of Mar. 2026. Net margin is the ratio of total net income to net sales. View historical data on Aena SME and its competitors. This is 29% below median its historical median of 31.43. According to the industry distribution chart, Aena SME ranks #54 out of 1008 companies in the Transportation industry, placing it in the top 5.4%.
Is Aena SME's Net Margin % too high?
Aena SME's current Net Margin % of 22.47% is 29% below median its 10-year median of 31.43. The Transportation industry median Net Margin % is 4.99. Aena SME's value of 22.47% is 350.3% above this industry median. Based on the distribution chart, Aena SME ranks #54 out of 1008 companies in the Transportation industry, which is in the top quartile — a strong position relative to peers. Overall, Aena SME has a GF Score™ of 92/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Aena SME's Net Margin % compare to JOBY and CAAP?
According to the Transportation industry distribution chart, Aena SME ranks #54 out of 1008 companies for Net Margin %. This places Aena SME in the top 5% of its industry — outperforming the majority of peers. The industry median Net Margin % is 4.99. Aena SME's value of 22.47% is 350.3% above this benchmark. While the company's 10-year median is 31.43 vs. the industry median of 4.99, Aena SME 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 Net Margin % for a Transportation company?
The median Net Margin % among Transportation companies is 4.99, based on 1,008 companies in the industry. Companies in the top quartile (top 25%) have a Net Margin % significantly above this median, while those in the bottom quartile fall well below. However, Net Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Aena SME's current Net Margin % of 22.47% is 350.3% 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 Net Margin % mean?
A high Net Margin % can signal that a stock is expensive relative to its fundamentals. Net margin is the ratio of total net income to net sales. View historical data on Aena SME and its competitors. For the Transportation industry, the median Net Margin % is 4.99 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Aena SME's current Net Margin % is 22.47%, which is 29% below median its own 10-year median of 31.43. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Aena SME stock overvalued right now?
Based on GuruFocus' analysis, Aena SME (HAM:A441) is currently considered Fairly Valued. The stock's GF Value™ is €24.73, compared to a current price of €26.52 — trading 7.2% above its estimated fair value. The current Net Margin % is 22.47%, which is 29% below median its 10-year median of 31.43 and 350.3% above the Transportation industry median of 4.99. Aena SME's overall GF Score™ is 92/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Net Margin % calculated?
Net Margin % is calculated from a company's financial statements. For Aena SME (HAM:A441), the current Net Margin % is 22.47% 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 Aena SME (HAM:A441) Overvalued in 2026?
Based on GuruFocus' analysis, Aena SME stock appears to be overvalued.
The current stock price of €26.52 is trading 7.2% above its estimated GF Value™ of €24.73.
GuruFocus considers Aena SME to be Fairly Valued.
Key valuation signals for HAM:A441:
Net Margin %: 22.47% (29% below median its 10-year median of 31.43)
GF Value™: €24.73 vs. price of €26.52 (7.2% above fair value)
Industry Position: 350.3% above the Transportation median (#54 of 1008)
No single metric tells the full story. See the HAM:A441 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Aena's 46 airports in Spain handle 99.9% of the country's air traffic. Its three busiest airports—Madrid-Barajas, Barcelona-El Prat, and Palma de Mallorca—account for roughly half of Spain's passengers. The dual-till framework in Spain leaves its commercial and real estate businesses completely unregulated, allowing the group to monetize its passenger flow and earn economic rents. It is launching a transformational EUR 13 billion DORA III investment cycle (2027-31) to expand capacity across its Spanish network. The group also controls three airports in the UK (Luton, Leeds Bradford, and Newcastle) and 18 airports in Brazil. It has minority holdings in 12 airports in Mexico and two in Jamaica through its 6.4% look-through stake in Grupo Aeroportuario del Pacifico.
92GF Score
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