Nextracker
NXT
$55.17
Share price
-2.61%
Change (1 day)
37.68%
Change (1 year)
Categories
Operating Margin for Nextracker (NXT)
Operating Margin as of June 2024 (TTM): 10.71%
According to Nextracker's latest financial reports and stock price the company's current Operating Margin is 10.71%. At the end of 2023 the company had an Operating Margin of 8.86%.
Operating Margin history for Nextracker from 2022 to 2023
Operating Margin at the end of each year
| Year | Operating Margin | Change |
|---|---|---|
| 2023 | 8.86% | 95.9% |
| 2022 | 4.52% | -65.9% |
| 2021 | 13.26% | 4.3% |
| 2020 | 12.71% |
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.