According to Toro Corp.'s latest financial reports and stock price the company's current Operating Margin is 0.00%. At the end of 2023 the company had an Operating Margin of 180.61%.
Year | Operating Margin | Change |
---|---|---|
2023 | 180.61% | 291.59% |
2022 | 46.12% | -1704.9% |
2021 | -2.87% |
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.