Shell Midstream Partners
SHLX
#2312
Rank
$6.22 B
Marketcap
$15.82
Share price
-0.06%
Change (1 day)
31.18%
Change (1 year)

Operating Margin for Shell Midstream Partners (SHLX)

Operating Margin as of March 2024 (TTM): 98.73%

According to Shell Midstream Partners 's latest financial reports and stock price the company's current Operating Margin is 98.73%. At the end of 2021 the company had an Operating Margin of 102.16%.

Operating Margin history for Shell Midstream Partners from 2013 to 2022

Operating Margin at the end of each year

Year Operating Margin Change
2021102.16%-11.62%
2020115.59%6.49%
2019108.55%17.97%
201892.01%10.38%
201783.37%-8.5%
201691.11%9.04%
201583.55%40.33%
201459.54%49.42%
201339.85%-2.88%
201241.03%

Operating Margin for similar companies or competitors

Company Operating Margin Operating Margin differencediff. Country
14.67%-85.14%๐Ÿ‡บ๐Ÿ‡ธ USA
29.62%-70.00%๐Ÿ‡บ๐Ÿ‡ธ USA
9.17%-90.71%๐Ÿ‡จ๐Ÿ‡ฆ Canada
79.32%-19.66%๐Ÿ‡บ๐Ÿ‡ธ USA

What is a company's Operating Margin

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.