According to Garrett Motion's latest financial reports and stock price the company's current Operating Margin is 13.89%. At the end of 2023 the company had an Operating Margin of 8.93%.
Year | Operating Margin | Change |
---|---|---|
2023 | 8.93% | -35.14% |
2022 | 13.77% | -7.04% |
2021 | 14.81% | 277.56% |
2020 | 3.92% | -63.18% |
2019 | 10.65% | -9.21% |
2018 | 11.73% | -0.75% |
2017 | 11.82% | 41.72% |
2016 | 8.34% | -34.08% |
2015 | 12.65% |
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.