Banorte
GFNORTEO.MX
$10.22
Share price
0.42%
Change (1 day)
17.88%
Change (1 year)
Categories
Operating Margin for Banorte (GFNORTEO.MX)
Operating Margin as of May 2024 (TTM): 34.63%
According to Banorte's latest financial reports and stock price the company's current Operating Margin is 34.63%. At the end of 2022 the company had an Operating Margin of 34.53%.
Operating Margin history for Banorte from 2010 to 2023
Operating Margin at the end of each year
| Year | Operating Margin | Change |
|---|---|---|
| 2022 | 34.53% | 20.56% |
| 2021 | 28.64% | 0.47% |
| 2020 | 28.50% | -21.04% |
| 2019 | 36.10% | 6.44% |
| 2018 | 33.91% | 12.87% |
| 2017 | 30.05% | 3.42% |
| 2016 | 29.05% | 6.06% |
| 2015 | 27.39% | 7.56% |
| 2014 | 25.47% | 7.71% |
| 2013 | 23.65% | -3.2% |
| 2012 | 24.43% | -21.79% |
| 2011 | 31.23% | 7.36% |
| 2010 | 29.09% | 18.84% |
| 2009 | 24.48% | -27.81% |
| 2008 | 33.91% | -14.87% |
| 2007 | 39.84% | 4.4% |
| 2006 | 38.16% | -6.17% |
| 2005 | 40.67% |
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.