According to Local Bounti's latest financial reports and stock price the company's current Operating Margin is -288.85%. At the end of 2023 the company had an Operating Margin of -450.03%.
Year | Operating Margin | Change |
---|---|---|
2023 | -450.03% | -21.1% |
2022 | -570.36% | -93.51% |
2021 | -8,792.01% | -14.27% |
2020 | -10,254.88% |
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.