Magnolia Oil & Gas
MGY
#2551
Rank
$5.59 B
Marketcap
$27.59
Share price
1.73%
Change (1 day)
33.67%
Change (1 year)

Operating Margin for Magnolia Oil & Gas (MGY)

Operating Margin as of July 2024 (TTM): 55.09%

According to Magnolia Oil & Gas's latest financial reports and stock price the company's current Operating Margin is 55.09%. At the end of 2022 the company had an Operating Margin of 62.37%.

Operating Margin history for Magnolia Oil & Gas from 2019 to 2023

Operating Margin at the end of each year

Year Operating Margin Change
202262.37%18.3%
202152.73%-114.46%
2020-364.51%-3520.36%
201910.66%
201745.04%125.64%
201619.96%

What is a company's Operating Margin

The operating margin is a key indicator to assess the profitability of a company. Higher operating margins are generaly better as they show that a company is able to sell its products or services for much more than their production costs. The operating margin is calculated by dividing a company's earnings by its revenue.