Banorte
GFNORTEO.MX
#986
Rank
C$27.05 B
Marketcap
$9.48
Share price
-0.89%
Change (1 day)
-18.62%
Change (1 year)

Operating Margin for Banorte (GFNORTEO.MX)

Operating Margin as of September 2024 (TTM): 36.50%

According to Banorte's latest financial reports and stock price the company's current Operating Margin is 36.50%. At the end of 2022 the company had an Operating Margin of 34.53%.

Operating Margin history for Banorte from 2010 to 2024

Operating Margin at the end of each year

Year Operating Margin Change
202234.53%20.56%
202128.64%0.47%
202028.50%-21.04%
201936.10%6.44%
201833.91%12.87%
201730.05%4.84%
201628.66%-0.8%
201528.89%13.43%
201425.47%7.71%
201323.65%-3.2%
201224.43%9.82%
201122.24%-24.68%
201029.53%20.63%
200924.48%-19.32%
200830.34%-23.83%
200739.84%-7.04%
200642.85%5.38%
200540.67%

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.