According to Syntec Optics's latest financial reports and stock price the company's current Operating Margin is -1.51%. At the end of 2023 the company had an Operating Margin of 6.49%.
Year | Operating Margin | Change |
---|---|---|
2023 | 6.49% | -813.43% |
2022 | -0.91% | -106.78% |
2021 | 13.42% |
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.