NWARF (Norwegian Air Shuttle ASA) Net Margin %: -5.24% (As of Mar. 2026)


NWARF Norwegian Air Shuttle ASA NWARF
70 GF Score
Price $1.63
GF Value $1.50
Valuation Fairly Valued
! 4 Warning Signs
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What is Norwegian Air Shuttle ASA Net Margin %?

Norwegian Air Shuttle ASA NWARF -3.56% 70 Net Margin % is -5.24% as of Mar. 2026. GuruFocus rates NWARF with a GF Score™ of 70/100 and a GF Value™ of $1.50 (Fairly Valued). The stock has 4 warning signs investors should review. Among 1,008 Transportation companies, Norwegian Air Shuttle ASA ranks better than 64.68% on this metric.

Net margin is calculated as Net Income divided by its Revenue. Norwegian Air Shuttle ASA's Net Income for the three months ended in Mar. 2026 was $-37 Mil. Norwegian Air Shuttle ASA's Revenue for the three months ended in Mar. 2026 was $715 Mil. Therefore, Norwegian Air Shuttle ASA's net margin for the quarter that ended in Mar. 2026 was -5.24%.

The historical rank and industry rank for Norwegian Air Shuttle ASA's Net Margin % or its related term are showing as below:

NWARF' s Net Margin % Range Over the Past 10 Years
Min: -253.43   Med: 4.11   Max: 36.91
Current: 8.17


NWARF's Net Margin % is ranked better than
64.68% of 1008 companies
in the Transportation industry
Industry Median: 4.98 vs NWARF: 8.17

Norwegian Air Shuttle ASA  (OTCPK:NWARF) 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.


Norwegian Air Shuttle ASA Net Margin % Related Terms


Norwegian Air Shuttle ASA Net Margin % Historical Data

* Premium members only.

The historical data trend for Norwegian Air Shuttle ASA'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.

Norwegian Air Shuttle ASA Net Margin % Chart

Norwegian Air Shuttle ASA Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Net Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 36.91 5.33 6.80 3.84 7.19

Norwegian Air Shuttle ASA Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Net 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 -11.49 9.05 20.80 -0.19 -5.24

NWARF vs DAL, UAL, LUV: Net Margin % Comparison

For the Airlines subindustry, Norwegian Air Shuttle ASA'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.


Norwegian Air Shuttle ASA Net Margin % vs Transportation Industry

For the Transportation industry and Industrials sector, Norwegian Air Shuttle ASA's Net Margin % distribution charts can be found below:

* The bar in red indicates where Norwegian Air Shuttle ASA's Net Margin % falls into.


NWARF
70GF Score
Norwegian Air Shuttle ASA NWARF
Net Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
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Norwegian Air Shuttle ASA Net Margin % Calculation

Net margin - also known as net profit margin is the ratio of Net Income divided by net sales or Revenue, usually presented in percent.

Norwegian Air Shuttle ASA's Net Margin for the fiscal year that ended in Dec. 2025 is calculated as

Net Margin=Net Income (A: Dec. 2025 )/Revenue (A: Dec. 2025 )
=267.936/3724.782
=7.19 %

Norwegian Air Shuttle ASA's Net Margin for the quarter that ended in Mar. 2026 is calculated as

Net Margin=Net Income (Q: Mar. 2026 )/Revenue (Q: Mar. 2026 )
=-37.48/714.803
=-5.24 %

* 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.

Frequently Asked Questions Learn more about Net Margin % →
What does a Net Margin % of -5.24% mean?
Norwegian Air Shuttle ASA (NWARF) has a Net Margin % of -5.24% as of Mar. 2026. Net margin is the ratio of total net income to net sales. View historical data on Norwegian Air Shuttle ASA and its competitors. According to the industry distribution chart, Norwegian Air Shuttle ASA ranks #356 out of 1008 companies in the Transportation industry, placing it in the top 35.3%.
Is Norwegian Air Shuttle ASA's Net Margin % too high?
Norwegian Air Shuttle ASA's current Net Margin % is -5.24%. Based on the distribution chart, Norwegian Air Shuttle ASA ranks #356 out of 1008 companies in the Transportation industry, which is above the industry midpoint. Overall, Norwegian Air Shuttle ASA has a GF Score™ of 70/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Norwegian Air Shuttle ASA's Net Margin % compare to DAL and UAL?
According to the Transportation industry distribution chart, Norwegian Air Shuttle ASA ranks #356 out of 1008 companies for Net Margin %. This puts Norwegian Air Shuttle ASA in the upper half of its industry. The industry median Net Margin % is 4.98. 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 4.98, 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 Norwegian Air Shuttle ASA and its competitors. For the Transportation industry, the median Net Margin % is 4.98 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Norwegian Air Shuttle ASA's current Net Margin % is -5.24%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Norwegian Air Shuttle ASA stock overvalued right now?
Based on GuruFocus' analysis, Norwegian Air Shuttle ASA (NWARF) is currently considered Fairly Valued. The stock's GF Value™ is $1.50, compared to a current price of $1.63 — trading 8.3% above its estimated fair value. The current Net Margin % is -5.24%. Norwegian Air Shuttle ASA's overall GF Score™ is 70/100 with 4 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 Norwegian Air Shuttle ASA (NWARF), the current Net Margin % is -5.24% 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 Norwegian Air Shuttle ASA (NWARF) Overvalued in 2026?

Based on GuruFocus' analysis, Norwegian Air Shuttle ASA stock appears to be overvalued. The current stock price of $1.63 is trading 8.3% above its estimated GF Value™ of $1.50. GuruFocus considers Norwegian Air Shuttle ASA to be Fairly Valued.

Key valuation signals for NWARF:

  • Net Margin %: -5.24%
  • GF Value™: $1.50 vs. price of $1.63 (8.3% above fair value)
  • GF Score™: 70/100 with 4 warning signs

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


Norwegian Air Shuttle ASA Business Description

Address Oksenoyveien 3, Fornebu, P.O. Box 115, Lysaker, NOR, NO-1366
Norwegian Air Shuttle ASA is an airline that operates short-haul flights across the Nordic countries and to destinations in Europe. The company has organized its operations into four functional business areas, including Commercial, Operations, Wideroe and Support Functions. With over three hundred routes in its network, Norwegian Air Shuttle provides passengers with quality flights at affordable fares. The company's focus is on low-cost air travel for passengers, and it believes in offering friendly and helpful service while maintaining operational excellence.
70GF Score

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

$1.63
Price
$1.50
GF Value