According to Nextracker's latest financial reports and stock price the company's current Operating Margin is 10.71%. At the end of 2023 the company had an Operating Margin of 8.86%.
Year | Operating Margin | Change |
---|---|---|
2023 | 8.86% | 95.9% |
2022 | 4.52% | -65.9% |
2021 | 13.26% | 4.3% |
2020 | 12.71% |
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.