According to The Saudi National Bank's latest financial reports and stock price the company's current Operating Margin is 61.77%. At the end of 2023 the company had an Operating Margin of 63.45%.
Year | Operating Margin | Change |
---|---|---|
2023 | 63.45% | 1.61% |
2022 | 62.45% | 27.09% |
2021 | 49.14% | -16.64% |
2020 | 58.95% | -5.21% |
2019 | 62.18% | 11% |
2018 | 56.02% | 5.4% |
2017 | 53.15% | 6.54% |
2016 | 49.89% | -3.19% |
2015 | 51.53% | -3.97% |
2014 | 53.66% | -0.48% |
2013 | 53.92% |
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.