According to MEG Energy's latest financial reports and stock price the company's current Operating Margin is 12.39%. At the end of 2023 the company had an Operating Margin of 11.83%.
Year | Operating Margin | Change |
---|---|---|
2023 | 11.83% | -38.57% |
2022 | 19.27% | 131.45% |
2021 | 8.32% | -140.15% |
2020 | -20.73% | 805.75% |
2019 | -2.29% | -62.25% |
2018 | -6.06% | -237.91% |
2017 | 4.40% | -112.96% |
2016 | -33.93% | -47.64% |
2015 | -64.81% | 9531.79% |
2014 | -0.67% | -93.59% |
2013 | -10.49% | -281.06% |
2012 | 5.79% | -43.58% |
2011 | 10.27% | 21.61% |
2010 | 8.44% | -94.53% |
2009 | 154.33% |
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.