Operating Margin - TTM

Key: operating_margin_ttm

Refers to the ratio of operating income to revenue. Operating Income / Revenue - TTM

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Summary

Operating Margin measures the percentage of revenue that remains as operating income after deducting all operating expenses, calculated by dividing operating income by total revenue. This key profitability ratio indicates how effectively a company manages its core business operations and controls costs relative to revenue generation. Operating margin reflects the profitability of business operations before the impact of financing decisions, tax strategies, and non-operating activities, providing a clear view of operational efficiency and management effectiveness. This metric captures the combined impact of gross margin and operating expense management, showing how well companies convert revenue into operating profits after covering all costs associated with running the business. Operating margin is particularly valuable for assessing management's ability to achieve operational leverage, where revenue growth translates into disproportionate operating income growth through effective cost control and economies of scale. The metric provides insight into the sustainability and quality of earnings from core business activities.

This summary was generated by AI.

Why It's Important

Operating Margin is crucial for investment analysis because it measures management's effectiveness at converting sales into operating profits through efficient cost management and operational execution. This metric helps investors evaluate the quality of earnings and assess whether companies are generating profits through sustainable competitive advantages rather than unsustainable cost-cutting or one-time benefits. Companies with consistently high operating margins typically demonstrate superior operational efficiency, pricing power, or competitive positioning that enables sustainable profitability. Investors use operating margin analysis to compare companies across industries and identify those with the most efficient operations and strongest competitive positions. The metric is essential for assessing operational leverage potential, as companies with improving operating margins often indicate successful execution of growth strategies and cost management initiatives. Operating margin trends provide insight into management quality and business model sustainability, helping investors distinguish between companies with temporary margin improvements versus those with fundamental competitive advantages that support long-term profitability and value creation.

This summary was generated by AI.

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