According to Vitec Software Group's latest financial reports and stock price the company's current Operating Margin is 16.63%. At the end of 2023 the company had an Operating Margin of 20.41%.
Year | Operating Margin | Change |
---|---|---|
2023 | 20.41% | 13.44% |
2022 | 17.99% | -0.2% |
2021 | 18.03% | 6.4% |
2020 | 16.95% | 34.41% |
2019 | 12.61% | -0.62% |
2018 | 12.69% | 1.4% |
2017 | 12.51% | -5.1% |
2016 | 13.18% | -19.61% |
2015 | 16.40% | 15.07% |
2014 | 14.25% | 27.61% |
2013 | 11.17% | -1.04% |
2012 | 11.28% | 4.95% |
2011 | 10.75% | 49.46% |
2010 | 7.19% | -16.85% |
2009 | 8.65% | -14.07% |
2008 | 10.07% |
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.