According to VersaBank's latest financial reports and stock price the company's current Operating Margin is 49.21%. At the end of 2023 the company had an Operating Margin of 53.06%.
Year | Operating Margin | Change |
---|---|---|
2023 | 53.06% | 34.32% |
2022 | 39.50% | -16.14% |
2021 | 47.11% | -4.58% |
2020 | 49.37% | -4.31% |
2019 | 51.60% | 6.62% |
2018 | 48.40% | 44.02% |
2017 | 33.60% | 13.39% |
2016 | 29.63% | 15.95% |
2015 | 25.56% | 25.61% |
2014 | 20.35% | 127.22% |
2013 | 8.95% | -63.59% |
2012 | 24.60% | -35.74% |
2011 | 38.28% |
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.