Hanover Bancorp
HNVR
$16.50
Share price
2.42%
Change (1 day)
-7.56%
Change (1 year)
Categories
Operating Margin for Hanover Bancorp (HNVR)
Operating Margin as of May 2024 (TTM): 37.88%
According to Hanover Bancorp's latest financial reports and stock price the company's current Operating Margin is 37.88%. At the end of 2022 the company had an Operating Margin of 43.49%.
Operating Margin history for Hanover Bancorp from 2020 to 2023
Operating Margin at the end of each year
| Year | Operating Margin | Change |
|---|---|---|
| 2022 | 43.49% | 39.44% |
| 2021 | 31.19% | 42.97% |
| 2020 | 21.81% |
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.