According to Lumi Rental Company's latest financial reports and stock price the company's current Operating Margin is 11.93%. At the end of 2024 the company had an Operating Margin of 20.25%.
Year | Operating Margin | Change |
---|---|---|
2024 | 20.25% | -2.33% |
2023 | 20.73% | -4.5% |
2022 | 21.71% |
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.