According to ReadyTech Holdings's latest financial reports and stock price the company's current Operating Margin is 8.84%. At the end of 2023 the company had an Operating Margin of 8.84%.
Year | Operating Margin | Change |
---|---|---|
2023 | 8.84% | -44.93% |
2022 | 16.05% | 120.34% |
2021 | 7.29% | -48.5% |
2020 | 14.15% | -286.89% |
2019 | -7.57% |
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.