Lindblad Expeditions Holdings (LIND) Gross Margin (2014 - 2026)
Lindblad Expeditions Holdings (LIND) posted Gross Margin of 48.68% for Q1 2026, up 20.88% sequentially from 40.27% in Q4 2025, and up 35.0% YoY from 36.06% in Q1 2025.
Lindblad Expeditions Holdings (LIND) Gross Margin (2014 - 2026) Analysis & Trends
Lindblad Expeditions Holdings has reported Gross Margin for 13 years, with the latest figure at 48.68% in Q1 2026.
- Quarterly Gross Margin rose 35.0% year-over-year to 48.68% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 45.96% (up 127.0% YoY) and the FY2025 annual result came in at 45.78%, up 202.0% from the prior year.
- Gross Margin rose to 48.68% in Q1 2026 per LIND's latest filing, from 40.27% in the prior quarter.
- Over five years, Gross Margin peaked at 49.75% in Q1 2023 and troughed at 14.59% in Q1 2022.
- A 5-year average of 40.31% and a median of 42.54% in 2024 frame the typical range for Gross Margin.
- The sharpest annual moves came in 2022 and 2023: Gross Margin surged 37970 bps in 2022, then plunged 1038 bps in 2023.
- Over 5 years, Gross Margin stood at 36.25% in 2022, then fell by 29 bps to 25.88% in 2023, then soared by 64 bps to 42.54% in 2024, then slipped by 5 bps to 40.27% in 2025, then advanced by 21 bps to 48.68% in 2026.
- According to Business Quant data, Gross Margin over the past three periods registered 48.68%, 40.27%, and 48.22% for Q1 2026, Q4 2025, and Q3 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Booking Holdings | 157.63 Bn | 140.41 Bn | 4.98 Bn | 67.75% |
| 2 | Airbnb | 106.16 Bn | 94.09 Bn | 2.98 Bn | 82.46% |
| 3 | Royal Caribbean Cruises | 81.03 Bn | 80.11 Bn | 2.29 Bn | 47.29% |
| 4 | Viking Holdings | 44.28 Bn | 40.47 Bn | 713.43 Mn | 41.37% |
| 5 | Carnival | 38.41 Bn | 36.17 Bn | - | - |
| 6 | Expedia | 38.31 Bn | 31.18 Bn | 3.91 Bn | 90.66% |
| 7 | Trip.com | 29.06 Bn | 17.36 Bn | 1.86 Bn | 79.12% |
| 8 | Norwegian Cruise Line Holdings | 8.36 Bn | 8.15 Bn | 1.05 Bn | 39.91% |
| 9 | MakeMyTrip | 5.80 Bn | 5.03 Bn | 212.91 Mn | 74.55% |
| 10 | Lindblad Expeditions Holdings | 2.15 Bn | 1.79 Bn | 96.64 Mn | 48.50% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 48.50% |
| Mar 31, 2026 | 48.68% |
| Dec 31, 2025 | 40.27% |
| Sep 30, 2025 | 48.22% |
| Jun 30, 2025 | 45.58% |
| Mar 31, 2025 | 48.34% |
| Dec 31, 2024 | 42.54% |
| Sep 30, 2024 | 46.71% |
| Jun 30, 2024 | 39.23% |
| Mar 31, 2024 | 45.02% |
| Dec 31, 2023 | 25.88% |
| Sep 30, 2023 | 45.68% |
| Jun 30, 2023 | 37.78% |
| Mar 31, 2023 | 49.75% |
| Dec 31, 2022 | 36.25% |
| Sep 30, 2022 | 39.51% |
| Jun 30, 2022 | 31.25% |
| Mar 31, 2022 | 14.59% |
| Dec 31, 2021 | 21.87% |
| Sep 30, 2021 | 29.31% |