According to Worthington Steel's latest financial reports and stock price the company's current Operating Margin is 6.31%. At the end of 2023 the company had an Operating Margin of 3.57%.
Year | Operating Margin | Change |
---|---|---|
2023 | 3.57% | -42.92% |
2022 | 6.25% | -43.93% |
2021 | 11.15% |
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.