Operating Margin
Operating margin is operating income as a percentage of revenue — how much profit a company keeps from its core operations before interest and taxes. Expanding operating margin signals improving efficiency or pricing power; contracting margin flags cost or competitive pressure.
Seen in a real earnings call
“…seen it yet. I think we will see it in the next quarter or 2, start to see inflation and energy costs impacting operator margins as the impacts of the Iran war filter through into the mining sector. Now I'll talk about where we sit inside…”Royal Gold, Inc. (RGLD) — earnings call, September 17, 2026