According to Drilling Tools International's latest financial reports and stock price the company's current Operating Margin is 4.11%. At the end of 2024 the company had an Operating Margin of 1.93%.
Year | Operating Margin | Change |
---|---|---|
2024 | 1.93% | -85.16% |
2023 | 13.02% | -31.92% |
2022 | 19.12% | 682.16% |
2021 | 2.45% |
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.