According to Porch Group's latest financial reports and stock price the company's current Operating Margin is -14.27%. At the end of 2023 the company had an Operating Margin of -30.98%.
Year | Operating Margin | Change |
---|---|---|
2023 | -30.98% | -45.1% |
2022 | -56.43% | -7.09% |
2021 | -60.74% | -21.19% |
2020 | -77.07% | -42.06% |
2019 | -133.03% |
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.