According to Grenke's latest financial reports and stock price the company's current Operating Margin is 15.68%. At the end of 2023 the company had an Operating Margin of 16.07%.
Year | Operating Margin | Change |
---|---|---|
2023 | 16.07% | -11.15% |
2022 | 18.08% | -10.89% |
2021 | 20.29% | 16.14% |
2020 | 17.47% | -32.93% |
2019 | 26.05% | -4.43% |
2018 | 27.26% | 394.23% |
2017 | 5.52% | -18.93% |
2016 | 6.80% | 8% |
2015 | 6.30% | 6.65% |
2014 | 5.91% | 19.4% |
2013 | 4.95% | -4.25% |
2012 | 5.17% | 2.64% |
2011 | 5.03% | -86.19% |
2010 | 36.45% | -5.7% |
2009 | 38.65% | -16.94% |
2008 | 46.53% | -11.27% |
2007 | 52.44% |
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.