AIR Global (FRA:J1B) Operating Margin %: 21.94% (As of Dec. 2025) — 13% Below Median


FRA:J1B AIR Global PLC FRA:J1B
21 GF Score
Price €5.40
! 2 Warning Signs
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What is AIR Global Operating Margin %?

AIR Global FRA:J1B +1.98% 21 Operating Margin % is 21.94% as of Dec. 2025, which is 13% below its 10-year median of 25.17. GuruFocus rates FRA:J1B with a GF Score™ of 21/100. The stock has 2 warning signs investors should review. Among 48 Tobacco Products companies, AIR Global ranks better than 70.83% on this metric.

Operating Margin % is calculated as Operating Income divided by its Revenue. AIR Global's Operating Income for the six months ended in Dec. 2025 was €74.9 Mil. AIR Global's Revenue for the six months ended in Dec. 2025 was €341.4 Mil. Therefore, AIR Global's Operating Margin % for the quarter that ended in Dec. 2025 was 21.94%.

The historical rank and industry rank for AIR Global's Operating Margin % or its related term are showing as below:

FRA:J1B' s Operating Margin % Range Over the Past 10 Years
Min: 21.94   Med: 25.17   Max: 25.26
Current: 21.94


FRA:J1B's Operating Margin % is ranked better than
70.83% of 48 companies
in the Tobacco Products industry
Industry Median: 9.365 vs FRA:J1B: 21.94

AIR Global's 5-Year Average Operating Margin % Growth Rate was 0.00% per year.

AIR Global's Operating Income for the six months ended in Dec. 2025 was €74.9 Mil.


AIR Global  (FRA:J1B) Operating Margin % Explanation

Just like Gross Margin %, it is important to see a company maintains its operating margin over time. Among the same industry, a company with higher operating margin is more efficient in its operation. It is also more stable during industry slowdown or recessions. Peter Lynch prefers those with higher margins than those with lower margins.


Be Aware

Operating Margin % can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).

If a company is facing competition, its Operating Margin % may decline. Often the Operating Margin % declines well before the company's Revenue or even profit decline. Therefore, Operating Margin % is a very important indicator of whether the company is facing problems.

For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokia’s Operating Margin % had already been in decline since 2002, although its Earnings per Share (Diluted) were still rising. Investors who paid attention to Operating Margin % would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).

Therefore, Operating Margin % is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.


AIR Global Operating Margin % Related Terms


AIR Global Operating Margin % Historical Data

* Premium members only.

The historical data trend for AIR Global's Operating 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.

AIR Global Operating Margin % Chart

AIR Global Annual Data
Trend Dec23 Dec24 Dec25
Operating Margin %
25.17 25.26 21.94

AIR Global Semi-Annual Data
Dec23 Dec24 Dec25
Operating Margin % 25.17 25.26 21.94

FRA:J1B vs UVV, TPB, ISPR: Operating Margin % Comparison

For the Tobacco subindustry, AIR Global's Operating Margin %, along with its competitors' market caps and Operating 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 Global Operating Margin % vs Tobacco Products Industry

For the Tobacco Products industry and Consumer Defensive sector, AIR Global's Operating Margin % distribution charts can be found below:

* The bar in red indicates where AIR Global's Operating Margin % falls into.


FRA:J1B
21GF Score
AIR Global PLC FRA:J1B
Operating Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
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AIR Global Operating Margin % Calculation

Operating Margin % - also known as operating income margin, operating profit margin and return on sales (ROS) - is the ratio of Operating Income divided by net sales or Revenue, usually presented in percent.

AIR Global's Operating Margin % for the fiscal year that ended in Dec. 2025 is calculated as

Operating Margin %=Operating Income (A: Dec. 2025 ) / Revenue (A: Dec. 2025 )
=74.909 / 341.375
=21.94 %

AIR Global's Operating Margin % for the quarter that ended in Dec. 2025 is calculated as

Operating Margin %=Operating Income (Q: Dec. 2025 ) / Revenue (Q: Dec. 2025 )
=74.909 / 341.375
=21.94 %

* 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 Operating Margin % →
What does a Operating Margin % of 21.94% mean?
AIR Global (FRA:J1B) has a Operating Margin % of 21.94% as of Dec. 2025. Operating margin is the ratio of total operating income to net sales. View historical data on AIR Global and its competitors. This is 13% below median its historical median of 25.17. Over the past decade, AIR Global's Operating Margin % has ranged from 21.94 to 25.26. According to the industry distribution chart, AIR Global ranks #14 out of 48 companies in the Tobacco Products industry, placing it in the top 29.2%.
Is AIR Global's Operating Margin % too high?
AIR Global's current Operating Margin % of 21.94% is 13% below median its 10-year median of 25.17. Over the past 10 years, this metric has ranged from a low of 21.94 to a high of 25.26. The Tobacco Products industry median Operating Margin % is 9.37. AIR Global's value of 21.94% is 134.3% above this industry median. Based on the distribution chart, AIR Global ranks #14 out of 48 companies in the Tobacco Products industry, which is above the industry midpoint. Overall, AIR Global has a GF Score™ of 21/100, reflecting its overall financial health beyond just this single metric.
How does AIR Global's Operating Margin % compare to UVV and TPB?
According to the Tobacco Products industry distribution chart, AIR Global ranks #14 out of 48 companies for Operating Margin %. This puts AIR Global in the upper half of its industry. The industry median Operating Margin % is 9.37. AIR Global's value of 21.94% is 134.3% above this benchmark. Historically, AIR Global's own Operating Margin % has ranged from 21.94 to 25.26 over the past decade. While the company's 10-year median is 25.17 vs. the industry median of 9.37, AIR Global 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 Operating Margin % for a Tobacco Products company?
The median Operating Margin % among Tobacco Products companies is 9.37, based on 48 companies in the industry. Companies in the top quartile (top 25%) have a Operating Margin % significantly above this median, while those in the bottom quartile fall well below. However, Operating Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. AIR Global's current Operating Margin % of 21.94% is 134.3% 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 Operating Margin % mean?
A high Operating Margin % can signal that a stock is expensive relative to its fundamentals. Operating margin is the ratio of total operating income to net sales. View historical data on AIR Global and its competitors. For the Tobacco Products industry, the median Operating Margin % is 9.37 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. AIR Global's current Operating Margin % is 21.94%, which is 13% below median its own 10-year median of 25.17. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is AIR Global stock overvalued right now?
AIR Global (FRA:J1B) has a current Operating Margin % of 21.94%. The current Operating Margin % is 21.94%, which is 13% below median its 10-year median of 25.17 and 134.3% above the Tobacco Products industry median of 9.37. AIR Global's overall GF Score™ is 21/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Operating Margin % calculated?
Operating Margin % is calculated from a company's financial statements. For AIR Global (FRA:J1B), the current Operating Margin % is 21.94% 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.

AIR Global Business Description

Other Exchanges AIIR:USA
Address Festival Office Tower, Dubai Festival City, 7th Floor, Dubai, ARE
AIR Global PLC operates in the social inhalation products sector and has operations across multiple international markets. Its portfolio includes businesses and products related to shisha and hookah, including flavored shisha molasses, hookah and shisha e-commerce platforms, and charcoal-free shisha devices. The company also conducts product research and testing in partnership with independent laboratories to support the development of inhalation-related products and technologies.
21GF Score

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

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