According to Vitesco Technologies Group's latest financial reports and stock price the company's current Operating Margin is 3.31%. At the end of 2023 the company had an Operating Margin of 1.58%.
Year | Operating Margin | Change |
---|---|---|
2023 | 1.58% | 46.15% |
2022 | 1.08% | 168.47% |
2021 | 0.40% | -109.2% |
2020 | -4.38% | -40.29% |
2019 | -7.33% | -484.02% |
2018 | 1.91% |
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.