Magnolia Oil & Gas
MGY
Operating Margin for Magnolia Oil & Gas (MGY)
Operating Margin as of April 2024 (TTM): 55.09%
According to Magnolia Oil & Gas's latest financial reports and stock price the company's current Operating Margin is 55.09%. At the end of 2022 the company had an Operating Margin of 62.37%.
Operating Margin history for Magnolia Oil & Gas from 2019 to 2023
Operating Margin at the end of each year
| Year | Operating Margin | Change |
|---|---|---|
| 2022 | 62.37% | 18.3% |
| 2021 | 52.73% | -114.46% |
| 2020 | -364.51% | -3520.36% |
| 2019 | 10.66% | |
| 2017 | 45.04% | 125.64% |
| 2016 | 19.96% |
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.