Cemig
CIG
#2465
Rank
$5.84 B
Marketcap
$1.86
Share price
1.09%
Change (1 day)
-9.27%
Change (1 year)

Operating Margin for Cemig (CIG)

Operating Margin as of July 2024 (TTM): 21.16%

According to Cemig's latest financial reports and stock price the company's current Operating Margin is 21.16%. At the end of 2022 the company had an Operating Margin of 11.95%.

Operating Margin history for Cemig from 2002 to 2023

Operating Margin at the end of each year

Year Operating Margin Change
202211.95%-14.4%
202113.97%-7.3%
202015.07%-15.98%
201917.93%98.83%
20189.02%18.96%
20177.58%287.79%
20161.95%-87.28%
201515.37%-32.74%
201422.86%-17.53%
201327.72%-23.23%
201236.10%41.41%
201125.53%25.47%
201020.35%-25.86%
200927.45%49.62%
200818.34%-24.89%
200724.42%75.99%
200613.88%-50.52%
200528.04%-15.01%
200433.00%-0.62%
200333.21%80790.38%
20020.04%-100.32%
2001-12.78%

Operating Margin for similar companies or competitors

Company Operating Margin Operating Margin differencediff. Country
10.87%-48.63%๐Ÿ‡ง๐Ÿ‡ท Brazil
11.34%-46.41%๐Ÿ‡บ๐Ÿ‡ธ USA
15.36%-27.41%๐Ÿ‡บ๐Ÿ‡ธ USA
12.88%-39.13%๐Ÿ‡ง๐Ÿ‡ท Brazil
45.12% 113.23%๐Ÿ‡ง๐Ÿ‡ท Brazil

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.