OceanPal
OP
#9396
Rank
C$15.56 M
Marketcap
$2.08
Share price
-0.65%
Change (1 day)
-9.46%
Change (1 year)

Operating Margin for OceanPal (OP)

Operating Margin as of September 2024 (TTM): -58.04%

According to OceanPal's latest financial reports and stock price the company's current Operating Margin is -58.04%. At the end of 2022 the company had an Operating Margin of -1.71%.

Operating Margin history for OceanPal from 2022 to 2024

Operating Margin at the end of each year

Year Operating Margin Change
2022-1.71%
2020-40.34%167.85%
2019-15.06%

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.