Sovos Brands
SOVO
Operating Margin for Sovos Brands (SOVO)
Operating Margin as of May 2024 (TTM): 2.21%
According to Sovos Brands's latest financial reports and stock price the company's current Operating Margin is 2.21%. At the end of 2022 the company had an Operating Margin of -7.55%.
Operating Margin history for Sovos Brands from 2021 to 2023
Operating Margin at the end of each year
| Year | Operating Margin | Change |
|---|---|---|
| 2022 | -7.55% | -1070.98% |
| 2021 | 0.78% | -75.11% |
| 2020 | 3.12% | -126.49% |
| 2019 | -11.80% |
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.