Trainline PLC
LSE:TRN

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Trainline PLC
LSE:TRN
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Price: 204 GBX 0.1% Market Closed
Market Cap: £787.6m

Gross Margin

81.3%
Current
Improving
by 3%
vs 3-y average of 78.3%

Gross Margin shows how much money a company keeps from each dollar of sales after paying for the products it sells. It tells how profitable the company`s core business is before other expenses.

Gross Margin
81.3%
=
Gross Profit
£363.9m
/
Revenue
£447.7m

Gross Margin shows how much money a company keeps from each dollar of sales after paying for the products it sells. It tells how profitable the company`s core business is before other expenses.

Gross Margin
81.3%
=
Gross Profit
GBX363.9m
/
Revenue
£447.7m

Peer Comparison

Country Company Market Cap Gross
Margin
UK
Trainline PLC
LSE:TRN
852.5m GBP
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CN
H World Group Ltd
BMV:HTHTN
2.7T MXN
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US
Booking Holdings Inc
NASDAQ:BKNG
137B USD
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US
Marriott International Inc
NASDAQ:MAR
86.4B USD
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US
Airbnb Inc
NASDAQ:ABNB
79.9B USD
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US
Royal Caribbean Cruises Ltd
NYSE:RCL
73.6B USD
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US
Hilton Worldwide Holdings Inc
NYSE:HLT
68.6B USD
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CN
Trip.com Group Ltd
HKEX:9961
263.4B HKD
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US
Carnival Corp
NYSE:CCL
32.7B USD
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US
Viking Holdings Ltd
NYSE:VIK
31.9B USD
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UK
Carnival PLC
LSE:CCL
23.6B GBP
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Market Distribution

Higher than 99% of companies in United Kingdom
Percentile
99th
Based on 3 001 companies
99th percentile
81.3%
Low
-1 510% — 0.4%
Typical Range
0.4% — 0.7%
High
0.7% — 7 323.1%
Distribution Statistics
United Kingdom
Min -1 510%
30th Percentile 0.4%
Median 0.5%
70th Percentile 0.7%
Max 7 323.1%

Trainline PLC
Glance View

Trainline PLC, a prominent name in the realm of European train and coach travel, embarked on its journey embracing the digital age with vigor. Originating as a ticketing platform in the UK, it has swiftly expanded its reach across Europe, offering a comprehensive digital solution for travelers seeking efficient rail and coach transportation. Trainline PLC operates as an aggregator, centralizing schedules, prices, and booking services for multiple train operators and bus companies. This consolidation simplifies the often complex web of transport options, providing users with a seamless booking experience. By leveraging its extensive database and partnerships, Trainline effectively streamlines the travel planning process for millions, turning a traditionally cumbersome task into a straightforward digital interaction. The company's business model is anchored in the convenience it provides to travelers, making its revenue through both booking fees and commissions from its partner companies. As travelers use Trainline's platform to purchase tickets, the company collects a small fee for each transaction, which constitutes a significant portion of its income. Additionally, by partnering with train and bus operators, Trainline earns a commission for facilitating these sales. This dual revenue stream not only ensures steady cash flow but also incentivizes Trainline to continually improve and innovate its service offerings. As travel habits evolve and digital solutions become increasingly sought after, Trainline positions itself not just as a ticket seller, but as a vital cog in the machinery of modern European travel.

TRN Intrinsic Value
234.89 GBX
Undervaluation 13%
Intrinsic Value
Price
What is Gross Margin?
Gross Margin shows how much money a company keeps from each dollar of sales after paying for the products it sells. It tells how profitable the company`s core business is before other expenses.
How is Gross Margin calculated?

Gross Margin is calculated by dividing the Gross Profit by the Revenue.

Gross Margin
81.3%
=
Gross Profit
£363.9m
/
Revenue
£447.7m
What is Trainline PLC's current Gross Margin?

The current Gross Margin for Trainline PLC is 81.3%, which is above its 3-year median of 78.3%.

How has Gross Margin changed over time?

Over the last 3 years, Trainline PLC’s Gross Margin has increased from 79.7% to 81.3%. During this period, it reached a low of 76.5% on Aug 31, 2023 and a high of 81.3% on Aug 31, 2025.

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