According to Kinetik's latest financial reports and stock price the company's current Operating Margin is 35.78%. At the end of 2023 the company had an Operating Margin of 12.22%.
Year | Operating Margin | Change |
---|---|---|
2023 | 12.22% | -41.46% |
2022 | 20.88% | 4029.46% |
2021 | 0.51% | -100.18% |
2020 | -281.54% | 661.27% |
2019 | -36.98% | 93.9% |
2018 | -19.07% |
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.