Net margin is calculated as Net Income divided by its Revenue. Air France-KLM's Net Income for the
three
months ended in Mar. 2026 was €-287 Mil. Air France-KLM's Revenue for the
three
months ended in Mar. 2026 was €7,479 Mil. Therefore, Air France-KLM's net margin for the quarter that ended in Mar. 2026 was -3.84%.
The historical rank and industry rank for Air France-KLM's Net Margin % or its related term are showing as below:
MIL:1AF'
s Net Margin % Range Over the Past 10 Years
Min: -64.03 Med: 1.34 Max: 4.83
Current: 4.79
MIL:1AF's Net Margin % is ranked worse than 51.19% of 1008
companies
in the Transportation industry
Industry Median: 4.99
vs MIL:1AF: 4.79
Air France-KLM (MIL:1AF) 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.
Air France-KLM Net Margin % Related Terms
Air France-KLM Net Margin % Historical Data
* Premium members only.
The historical data trend for Air France-KLM'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 Airlines subindustry, Air France-KLM'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.
Air France-KLM Net Margin % vs Transportation Industry
For the Transportation industry and Industrials sector, Air France-KLM's Net Margin % distribution charts can be found below:
* The bar in red indicates where Air France-KLM'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.
Air France-KLM (MIL:1AF) has a Net Margin % of -3.84% as of Mar. 2026. Net margin is the ratio of total net income to net sales. View historical data on Air France-KLM and its competitors. According to the industry distribution chart, Air France-KLM ranks #516 out of 1008 companies in the Transportation industry, placing it in the top 51.2%.
Is Air France-KLM's Net Margin % too high?
Air France-KLM's current Net Margin % is -3.84%. Based on the distribution chart, Air France-KLM ranks #516 out of 1008 companies in the Transportation industry, which is below the industry midpoint. Overall, Air France-KLM has a GF Score™ of 61/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Air France-KLM's Net Margin % compare to DAL and UAL?
According to the Transportation industry distribution chart, Air France-KLM ranks #516 out of 1008 companies for Net Margin %. This places Air France-KLM in the lower half of its industry. The industry median Net Margin % is 4.99. 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. 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 Air France-KLM 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. Air France-KLM's current Net Margin % is -3.84%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Air France-KLM stock overvalued right now?
Based on GuruFocus' analysis, Air France-KLM (MIL:1AF) is currently considered Modestly Overvalued. The stock's GF Value™ is €10.99, compared to a current price of €12.61 — trading 14.7% above its estimated fair value. The current Net Margin % is -3.84%. Air France-KLM's overall GF Score™ is 61/100 with 6 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 Air France-KLM (MIL:1AF), the current Net Margin % is -3.84% 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 Air France-KLM (MIL:1AF) Overvalued in 2026?
Based on GuruFocus' analysis, Air France-KLM stock appears to be overvalued.
The current stock price of €12.61 is trading 14.7% above its estimated GF Value™ of €10.99.
GuruFocus considers Air France-KLM to be Modestly Overvalued.
Key valuation signals for MIL:1AF:
Net Margin %: -3.84%
GF Value™: €10.99 vs. price of €12.61 (14.7% above fair value)
No single metric tells the full story. See the MIL:1AF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Air France-KLM is a European airline group engaged in businesses that include passenger and cargo transportation, low-cost operations, and aircraft maintenance. The group has four segments: network, maintenance, Transavia, and other. The network segment derives key revenue for the passenger and cargo network, mainly coming from passenger transportation services on scheduled flights with the group's airline code. The company's geographic markets include France, Benelux, Europe, and the rest of the world, with the majority of revenue coming from France, including its overseas division.
61GF Score
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Net Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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