Covestro
1COV.F
#1486
Rank
C$15.94 B
Marketcap
$84.47
Share price
0.46%
Change (1 day)
10.47%
Change (1 year)

Operating Margin for Covestro (1COV.F)

Operating Margin as of September 2024 (TTM): 0.11%

According to Covestro's latest financial reports and stock price the company's current Operating Margin is 0.11%. At the end of 2023 the company had an Operating Margin of 0.51%.

Operating Margin history for Covestro from 2015 to 2024

Operating Margin at the end of each year

Year Operating Margin Change
20230.51%-29.82%
20220.72%-94.73%
202113.74%143.13%
20205.65%-7.83%
20196.13%-63.81%
201816.94%-9.89%
201718.80%97.18%
20169.53%128.11%
20154.18%29.02%
20143.24%44.28%
20132.25%-26.98%
20123.07%

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.