Hagerty
HGTY
#3437
Rank
$3.07 B
Marketcap
$9.15
Share price
-0.33%
Change (1 day)
7.14%
Change (1 year)

Operating Margin for Hagerty (HGTY)

Operating Margin as of March 2024 (TTM): 0.48%

According to Hagerty's latest financial reports and stock price the company's current Operating Margin is 0.48%. At the end of 2022 the company had an Operating Margin of 1.34%.

Operating Margin history for Hagerty from 2021 to 2023

Operating Margin at the end of each year

Year Operating Margin Change
20221.34%-114.12%
2021-9.47%-418.39%
20202.97%3.15%
20192.88%1.21%
20182.85%

What is a company's Operating Margin

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.