Omega Flex, Inc. Annual Operating Margin in % from 2017 to 2023

Taxonomy & unit
ratio: %
Description
The operating margin measures the profit a company makes on a dollar of sales after accounting for the direct costs involved in earning those revenues.
Summary
Omega Flex, Inc. quarterly/annual Operating Margin history and growth rate from 2017 to 2023.
  • Omega Flex, Inc. Operating Margin for the quarter ending June 30, 2024 was 22.1 %, a 10.3% decline year-over-year.
  • Omega Flex, Inc. annual Operating Margin for 2023 was 23.2 %, a 6.35% decline from 2022.
  • Omega Flex, Inc. annual Operating Margin for 2022 was 24.7 %, a 8.34% decline from 2021.
  • Omega Flex, Inc. annual Operating Margin for 2021 was 27 %, a 7.07% increase from 2020.
Operating Margin, Annual (%)
Operating Margin, YoY Annual Growth (%)
Period Value YoY Chg Change % Start Date End Date
2023 23.2 -1.57 -6.35% Jan 1, 2023 Dec 31, 2023
2022 24.7 -2.25 -8.34% Jan 1, 2022 Dec 31, 2022
2021 27 +1.78 +7.07% Jan 1, 2021 Dec 31, 2021
2020 25.2 +5.51 +28% Jan 1, 2020 Dec 31, 2020
2019 19.7 -4.66 -19.1% Jan 1, 2019 Dec 31, 2019
2018 24.3 +0.55 +2.31% Jan 1, 2018 Dec 31, 2018
2017 23.8 Jan 1, 2017 Dec 31, 2017
* An asterisk sign (*) next to the value indicates that the value is likely invalid.