According to Independent Bank (Michigan)'s latest financial reports and stock price the company's current Operating Margin is 37.95%. At the end of 2024 the company had an Operating Margin of 38.48%.
Year | Operating Margin | Change |
---|---|---|
2024 | 38.48% | 4.71% |
2023 | 36.75% | -3.25% |
2022 | 37.99% | -2.33% |
2021 | 38.89% | 10.81% |
2020 | 35.10% | -0.1% |
2019 | 35.13% | 9.67% |
2018 | 32.03% | 7.45% |
2017 | 29.81% | 6.26% |
2016 | 28.05% | 3.67% |
2015 | 27.06% | 12.04% |
2014 | 24.15% | 19.13% |
2013 | 20.27% | -1.17% |
2012 | 20.51% | -218.63% |
2011 | -17.29% | 25.98% |
2010 | -13.73% | -70.87% |
2009 | -47.11% | -14.9% |
2008 | -55.36% | -1149.07% |
2007 | 5.28% | -80.83% |
2006 | 27.53% | -24.72% |
2005 | 36.57% | -0.66% |
2004 | 36.81% | -1.13% |
2003 | 37.23% | 2.69% |
2002 | 36.25% | 6.41% |
2001 | 34.07% |
Company | Operating Margin | Operating Margin differencediff. | Country |
---|---|---|---|
![]() Mercantile Bank MBWM | 41.36% | 8.99% | ๐บ๐ธ USA |
![]() Macatawa Bank MCBC | 49.67% | 30.88% | ๐บ๐ธ USA |
![]() 1st Source
SRCE | 45.54% | 20.00% | ๐บ๐ธ USA |
![]() Huntington Bancshares
HBAN | 33.71% | -11.17% | ๐บ๐ธ USA |
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.