Algoma Steel
ASTL
#5310
Rank
$0.88 B
Marketcap
$8.49
Share price
0.71%
Change (1 day)
10.84%
Change (1 year)

Operating Margin for Algoma Steel (ASTL)

Operating Margin as of March 2024 (TTM): 23.94%

According to Algoma Steel's latest financial reports and stock price the company's current Operating Margin is 23.94%. At the end of 2022 the company had an Operating Margin of 30.39%.

Operating Margin history for Algoma Steel from 2021 to 2022

Operating Margin at the end of each year

Year Operating Margin Change
202230.39%-816.75%
2021-4.24%-53.96%
2020-9.21%

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.