According to Despegar's latest financial reports and stock price the company's current Operating Margin is 5.97%. At the end of 2023 the company had an Operating Margin of 3.91%.
Year | Operating Margin | Change |
---|---|---|
2023 | 3.91% | -144.55% |
2022 | -8.78% | -73.3% |
2021 | -32.86% | -73.73% |
2020 | -125.11% | 2412.54% |
2019 | -4.98% | -200.75% |
2018 | 4.94% | -52.37% |
2017 | 10.38% | 50.55% |
2016 | 6.89% | -143.2% |
2015 | -15.95% |
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.