Focus MineralsASX:FML -4.90%59 Operating Margin % is 35.46% as of Dec. 2025, which is 112% above its 10-year median of 16.75. GuruFocus rates ASX:FML with a GF Score™ of 59/100 and a GF Value™ of A$1.80 (Fairly Valued). The stock has 1 warning sign investors should review. Among 841 Metals & Mining companies, Focus Minerals ranks better than 79.19% on this metric.
Just like Gross Margin %, it is important to see a company maintains its operating margin over time. Among the same industry, a company with higher operating margin is more efficient in its operation. It is also more stable during industry slowdown or recessions. Peter Lynch prefers those with higher margins than those with lower margins.
Be Aware
Operating Margin % can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).
If a company is facing competition, its Operating Margin % may decline. Often the Operating Margin % declines well before the company's Revenue or even profit decline. Therefore, Operating Margin % is a very important indicator of whether the company is facing problems.
For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokias Operating Margin % had already been in decline since 2002, although its Earnings per Share (Diluted) were still rising. Investors who paid attention to Operating Margin % would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).
Therefore, Operating Margin % is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.
Focus Minerals Operating Margin % Related Terms
Focus Minerals Operating Margin % Historical Data
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The historical data trend for Focus Minerals's Operating Margin % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Gold subindustry, Focus Minerals's Operating Margin %, along with its competitors' market caps and Operating Margin % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Focus Minerals Operating Margin % vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Focus Minerals's Operating Margin % distribution charts can be found below:
* The bar in red indicates where Focus Minerals's Operating Margin % falls into.
Operating Margin % - also known as operating income margin, operating profit margin and return on sales (ROS) - is the ratio of Operating Income divided by net sales or Revenue, usually presented in percent.
Focus Minerals's Operating Margin % for the fiscal year that ended in Dec. 2025 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Focus Minerals (ASX:FML) has a Operating Margin % of 35.46% as of Dec. 2025. Operating margin is the ratio of total operating income to net sales. View historical data on Focus Minerals and its competitors. This is 112% above median its historical median of 16.75. According to the industry distribution chart, Focus Minerals ranks #175 out of 841 companies in the Metals & Mining industry, placing it in the top 20.8%.
Is Focus Minerals' Operating Margin % too high?
Focus Minerals' current Operating Margin % of 35.46% is 112% above median its 10-year median of 16.75. The Metals & Mining industry median Operating Margin % is 5.79. Focus Minerals' value of 35.46% is 512.4% above this industry median. Based on the distribution chart, Focus Minerals ranks #175 out of 841 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers. Overall, Focus Minerals has a GF Score™ of 59/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Focus Minerals' Operating Margin % compare to NEM and AU?
According to the Metals & Mining industry distribution chart, Focus Minerals ranks #175 out of 841 companies for Operating Margin %. This places Focus Minerals in the top 21% of its industry — outperforming the majority of peers. The industry median Operating Margin % is 5.79. Focus Minerals' value of 35.46% is 512.4% above this benchmark. While the company's 10-year median is 16.75 vs. the industry median of 5.79, Focus Minerals has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Operating Margin % for a Metals & Mining company?
The median Operating Margin % among Metals & Mining companies is 5.79, based on 841 companies in the industry. Companies in the top quartile (top 25%) have a Operating Margin % significantly above this median, while those in the bottom quartile fall well below. However, Operating Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Focus Minerals's current Operating Margin % of 35.46% is 512.4% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Operating Margin % mean?
A high Operating Margin % can signal that a stock is expensive relative to its fundamentals. Operating margin is the ratio of total operating income to net sales. View historical data on Focus Minerals and its competitors. For the Metals & Mining industry, the median Operating Margin % is 5.79 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Focus Minerals's current Operating Margin % is 35.46%, which is 112% above median its own 10-year median of 16.75. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Focus Minerals stock overvalued right now?
Based on GuruFocus' analysis, Focus Minerals (ASX:FML) is currently considered Fairly Valued. The stock's GF Value™ is A$1.80, compared to a current price of A$1.65 — trading 8.3% below its estimated fair value. The current Operating Margin % is 35.46%, which is 112% above median its 10-year median of 16.75 and 512.4% above the Metals & Mining industry median of 5.79. Focus Minerals' overall GF Score™ is 59/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Operating Margin % calculated?
Operating Margin % is calculated from a company's financial statements. For Focus Minerals (ASX:FML), the current Operating Margin % is 35.46% as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Focus Minerals (ASX:FML) Overvalued in 2026?
Based on GuruFocus' analysis, Focus Minerals stock appears to be undervalued.
The current stock price of A$1.65 is trading 8.3% below its estimated GF Value™ of A$1.80.
GuruFocus considers Focus Minerals to be Fairly Valued.
Key valuation signals for ASX:FML:
Operating Margin %: 35.46% (112% above median its 10-year median of 16.75)
GF Value™: A$1.80 vs. price of A$1.65 (8.3% below fair value)
Industry Position: 512.4% above the Metals & Mining median (#175 of 841)
No single metric tells the full story. See the ASX:FML stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Focus Minerals Ltd is engaged in gold exploration and production in Western Australia. The company's projects include Three Mile Hill Processing plant, Varischetti Village, and Coolgardie Gold Project which generates key revenue.
59GF Score
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