Lindblad Expeditions Holdings (LIND) Gross Margin (2014 - 2026)
Lindblad Expeditions Holdings' Gross Margin came in at 48.50% for Q2 2026, up 2.92 percentage points from 45.58% a year earlier but down 0.18 percentage points from the prior quarter.
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Analysis
Lindblad Expeditions Holdings (LIND) Gross Margin (2014 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Lindblad Expeditions Holdings reported Gross Margin of 46.65%, up 0.68 percentage points year-over-year; for FY2025, it was 45.78%, up 2.02 percentage points from FY2024.
- Gross Margin has increased in each of the last five years, with a five-year change of +34.34 percentage points (FY2020 to FY2025).
- Going back by year, Gross Margin was 43.76% in FY2024 (+3.14 pp), 40.62% in FY2023 (+7.81 pp), 32.81% in FY2022 (+17.43 pp) and 15.38% in FY2021 (+3.93 pp).
- The five-year range for quarterly Gross Margin is 14.59% (Q1 2022) to 49.75% (Q1 2023).
- Year-over-year, Gross Margin increased in seven of the last eight quarters, with an average year-over-year change of +3.73 percentage points.
- The fastest year-over-year change in Gross Margin over five years came in Q4 2021 (a gain of 2631.14 percentage points), and the weakest in Q4 2023 (a drop of 10.38 percentage points).
- Business Quant data shows LIND's Gross Margin at 48.68% (Q1 2026), 40.27% (Q4 2025) and 48.22% (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Marriott International | 93.50 Bn | 91.55 Bn | 1.55 Bn | 21.98% |
| 2 | Hilton Worldwide Holdings | 72.30 Bn | 68.78 Bn | 3.08 Bn | 92.04% |
| 3 | Royal Caribbean Cruises | 64.91 Bn | 62.49 Bn | 2.29 Bn | 47.29% |
| 4 | Viking Holdings | 35.75 Bn | 20.87 Bn | 996.62 Mn | 45.50% |
| 5 | Carnival | 30.35 Bn | 23.01 Bn | - | - |
| 6 | Intercontinental Hotels | 26.52 Bn | 22.08 Bn | - | - |
| 7 | Trip.com | 25.92 Bn | -19.63 Bn | 1.84 Bn | 79.56% |
| 8 | Hyatt Hotels | 15.20 Bn | 12.68 Bn | 388.00 Mn | 21.21% |
| 9 | H World | 13.30 Bn | 4.22 Bn | - | - |
| 10 | Lindblad Expeditions Holdings | 1.94 Bn | 862.88 Mn | 96.64 Mn | 48.50% |
Historic Data
Download Data
Historic 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% |
API Access
Lindblad Expeditions Holdings Gross Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=gross-margin&ticker=LIND&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "ticker": "LIND", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=gross-margin&ticker=LIND&period=max&api_key=YOUR_API_KEY");
const data = await res.json();