Starlux Airlines Co (TPE:2646) Operating Margin %: 1.56% (As of Dec. 2025)


TPE:2646 Starlux Airlines Co Ltd TPE:2646
48 GF Score
Price NT$21.20
GF Value NT$31.65
Valuation Possible Value Trap
! 9 Warning Signs
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What is Starlux Airlines Co Operating Margin %?

Starlux Airlines Co TPE:2646 -3.42% 48 Operating Margin % is 1.56% as of Dec. 2025. GuruFocus rates TPE:2646 with a GF Score™ of 48/100 and a GF Value™ of NT$31.65 (Possible Value Trap). The stock has 9 warning signs investors should review. Among 1,007 Transportation companies, Starlux Airlines Co ranks worse than 68.32% on this metric.

Operating Margin % is calculated as Operating Income divided by its Revenue. Starlux Airlines Co's Operating Income for the three months ended in Dec. 2025 was NT$177 Mil. Starlux Airlines Co's Revenue for the three months ended in Dec. 2025 was NT$11,356 Mil. Therefore, Starlux Airlines Co's Operating Margin % for the quarter that ended in Dec. 2025 was 1.56%.

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

TPE:2646' s Operating Margin % Range Over the Past 10 Years
Min: -11033.63   Med: -151.81   Max: 6.67
Current: 3.72


TPE:2646's Operating Margin % is ranked worse than
68.32% of 1007 companies
in the Transportation industry
Industry Median: 7.36 vs TPE:2646: 3.72

Starlux Airlines Co's 5-Year Average Operating Margin % Growth Rate was 0.00% per year.

Starlux Airlines Co's Operating Income for the three months ended in Dec. 2025 was NT$177 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Dec. 2025 was NT$1,638 Mil.

Warning Sign:

Starlux Airlines Co Ltd has recorded a loss in operating income at least once over the past 3 years.


Starlux Airlines Co  (TPE:2646) 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.


Starlux Airlines Co Operating Margin % Related Terms


Starlux Airlines Co Operating Margin % Historical Data

* Premium members only.

The historical data trend for Starlux Airlines Co'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.

Starlux Airlines Co Operating Margin % Chart

Starlux Airlines Co Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Operating Margin %
Get a 7-Day Free Trial -400.40 -151.81 2.13 6.67 3.72

Starlux Airlines Co Quarterly Data
Dec19 Dec20 Dec21 Jun22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25
Operating 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 0.50 10.60 3.13 -0.59 1.56

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

For the Airlines subindustry, Starlux Airlines Co'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.


Starlux Airlines Co Operating Margin % vs Transportation Industry

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

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


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

Starlux Airlines Co'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 )
=1638.032 / 44053.262
=3.72 %

Starlux Airlines Co'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 )
=177.497 / 11356.439
=1.56 %

* 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 1.56% mean?
Starlux Airlines Co (TPE:2646) has a Operating Margin % of 1.56% as of Dec. 2025. Operating margin is the ratio of total operating income to net sales. View historical data on Starlux Airlines Co and its competitors. According to the industry distribution chart, Starlux Airlines Co ranks #688 out of 1007 companies in the Transportation industry, placing it in the top 68.3%.
Is Starlux Airlines Co's Operating Margin % too high?
Starlux Airlines Co's current Operating Margin % is 1.56%. The Transportation industry median Operating Margin % is 7.36. Starlux Airlines Co's value of 1.56% is 78.8% below this industry median. Based on the distribution chart, Starlux Airlines Co ranks #688 out of 1007 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 Operating Margin % compare to DAL and UAL?
According to the Transportation industry distribution chart, Starlux Airlines Co ranks #688 out of 1007 companies for Operating Margin %. This places Starlux Airlines Co in the lower half of its industry. The industry median Operating Margin % is 7.36. Starlux Airlines Co's value of 1.56% is 78.8% 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 Operating Margin % for a Transportation company?
The median Operating Margin % among Transportation companies is 7.36, based on 1,007 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. Starlux Airlines Co's current Operating Margin % of 1.56% is 78.8% 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 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 Starlux Airlines Co and its competitors. For the Transportation industry, the median Operating Margin % is 7.36 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Starlux Airlines Co's current Operating Margin % is 1.56%. 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$31.65, compared to a current price of NT$21.20 — trading 33% below its estimated fair value. The current Operating Margin % is 1.56% and 78.8% below the Transportation industry median of 7.36. 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 Operating Margin % calculated?
Operating Margin % is calculated from a company's financial statements. For Starlux Airlines Co (TPE:2646), the current Operating Margin % is 1.56% 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$21.20 is trading 33% below its estimated GF Value™ of NT$31.65. GuruFocus considers Starlux Airlines Co to be Possible Value Trap.

Key valuation signals for TPE:2646:

  • Operating Margin %: 1.56%
  • GF Value™: NT$31.65 vs. price of NT$21.20 (33% below fair value)
  • GF Score™: 48/100 with 9 warning signs
  • Industry Position: 78.8% below the Transportation median (#688 of 1007)

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

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

NT$21.20
Price
NT$31.65
GF Value