According to Power Mech Projects's latest financial reports and stock price the company's current Operating Margin is 9.61%. At the end of 2022 the company had an Operating Margin of 6.81%.
Year | Operating Margin | Change |
---|---|---|
2022 | 6.81% | -314.16% |
2021 | -3.18% | -140.95% |
2020 | 7.77% | -14.53% |
2019 | 9.09% | 8.19% |
2018 | 8.40% | 12.07% |
2017 | 7.50% | -10.78% |
2016 | 8.40% | 7.74% |
2015 | 7.80% |
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.