According to FIGS's latest financial reports and stock price the company's current Operating Margin is 3.36%. At the end of 2023 the company had an Operating Margin of 7.48%.
Year | Operating Margin | Change |
---|---|---|
2023 | 7.48% | -2.32% |
2022 | 7.66% | 225.84% |
2021 | 2.35% | -89.35% |
2020 | 22.07% | 21675.93% |
2019 | 0.10% |
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.