Toromont
TIH.TO
$89.40
Share price
-0.35%
Change (1 day)
12.30%
Change (1 year)
Operating Margin for Toromont (TIH.TO)
Operating Margin as of May 2024 (TTM): 16.01%
According to Toromont's latest financial reports and stock price the company's current Operating Margin is 16.01%. At the end of 2022 the company had an Operating Margin of 14.63%.
Operating Margin history for Toromont from 2001 to 2023
Operating Margin at the end of each year
| Year | Operating Margin | Change |
|---|---|---|
| 2022 | 14.63% | 24.5% |
| 2021 | 11.75% | 16.32% |
| 2020 | 10.10% | -5.78% |
| 2019 | 10.72% | 8.04% |
| 2018 | 9.93% | -3.59% |
| 2017 | 10.30% | -9.88% |
| 2016 | 11.42% | 3.33% |
| 2015 | 11.06% | 1.55% |
| 2014 | 10.89% | 2.62% |
| 2013 | 10.61% | -2.81% |
| 2012 | 10.92% | 5.96% |
| 2011 | 10.30% | 61.77% |
| 2010 | 6.37% | -35.4% |
| 2009 | 9.86% | -0.93% |
| 2008 | 9.95% | 1.05% |
| 2007 | 9.85% | 11.94% |
| 2006 | 8.80% | 28.9% |
| 2005 | 6.83% | -7.52% |
| 2004 | 7.38% | 4.78% |
| 2003 | 7.04% | 12.05% |
| 2002 | 6.29% | -20.51% |
| 2001 | 7.91% |
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.