Surf Air Mobility (SRFM) Operating Margin (2022 - 2026)
Surf Air Mobility (SRFM) posted Operating Margin of 52.14% for Q1 2026, up 46.71% sequentially from 97.84% in Q4 2025, and up 2685.0% YoY from 1.87% in Q1 2025.
Surf Air Mobility (SRFM) Operating Margin (2022 - 2026) Analysis & Trends
Surf Air Mobility has reported Operating Margin for 5 years, with the latest figure at 52.14% in Q1 2026.
- Quarterly Operating Margin rose 2685.0% year-over-year to 52.14% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 65.95% (down 2646.0% YoY) and the FY2025 annual result came in at 72.14%, down 2169.0% from the prior year.
- Operating Margin grew to 52.14% in Q1 2026 per SRFM's latest filing, from 97.84% in the prior quarter.
- Over five years, Operating Margin peaked at 28.91% in Q4 2024 and troughed at 404.46% in Q4 2023.
- A 5-year average of 151.96% and a median of 105.2% in 2024 frame the typical range for Operating Margin.
- The sharpest annual moves came in 2023 and 2024: Operating Margin plunged 14137 bps in 2023, then surged 43337 bps in 2024.
- Over 5 years, Operating Margin stood at 263.09% in 2022, then plunged by 54 bps to 404.46% in 2023, then surged by 107 bps to 28.91% in 2024, then slumped by 438 bps to 97.84% in 2025, then jumped by 47 bps to 52.14% in 2026.
- According to Business Quant data, Operating Margin over the past three periods registered 52.14%, 97.84%, and 56.56% for Q1 2026, Q4 2025, and Q3 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Delta Air Lines | 53.01 Bn | 48.34 Bn | 19.07 Bn | 9.43% |
| 2 | Ryanair Holdings | 28.78 Bn | 25.56 Bn | - | 12.63% |
| 3 | Southwest Airlines | 19.50 Bn | 15.71 Bn | 7.33 Bn | 3.38% |
| 4 | Copa Holdings | 5.30 Bn | 4.04 Bn | 1.03 Bn | 8.65% |
| 5 | Alaska Air | 4.46 Bn | 1.80 Bn | 3.76 Bn | -4.13% |
| 6 | Skywest | 3.98 Bn | 3.38 Bn | 1.01 Bn | 14.13% |
| 7 | Jetblue Airways | 1.79 Bn | -232.60 Mn | 2.32 Bn | -5.23% |
| 8 | Allegiant Travel | 1.75 Bn | 695.62 Mn | 902.77 Mn | 2.24% |
| 9 | Frontier Group Holdings | 1.33 Bn | 373.12 Mn | - | -7.58% |
| 10 | Surf Air Mobility | 69.11 Mn | 50.68 Mn | 62,000.00 | -63.70% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | -63.70% |
| Mar 31, 2026 | -52.14% |
| Dec 31, 2025 | -97.84% |
| Sep 30, 2025 | -56.56% |
| Jun 30, 2025 | -58.08% |
| Mar 31, 2025 | -78.99% |
| Dec 31, 2024 | 28.91% |
| Sep 30, 2024 | -30.43% |
| Jun 30, 2024 | -78.04% |
| Mar 31, 2024 | -112.56% |
| Dec 31, 2023 | -404.46% |
| Sep 30, 2023 | -286.90% |
| Jun 30, 2023 | -212.33% |
| Mar 31, 2023 | -218.78% |
| Dec 31, 2022 | -263.09% |
| Sep 30, 2022 | -218.56% |
| Jun 30, 2022 | -291.54% |