CP Axtra PCLBKK:CPAXT 45 Operating Margin % is 3.34% as of Dec. 2025, which is 15% below its 10-year median of 3.93. GuruFocus rates BKK:CPAXT with a GF Score™ of 45/100. The stock has 6 warning signs investors should review. Among 310 Retail - Defensive companies, CP Axtra PCL ranks worse than 51.61% on this metric.
Operating Margin % is calculated as Operating Income divided by its Revenue. CP Axtra PCL's Operating Income for the
three
months ended in Dec. 2025 was ฿4,467 Mil. CP Axtra PCL's Revenue for the
three
months ended in Dec. 2025 was ฿133,579 Mil. Therefore, CP Axtra PCL's Operating Margin % for the quarter that ended in Dec. 2025 was 3.34%.
Warning Sign:
CP Axtra PCL operating margin has been in a 5-year decline. The average rate of decline per year is -4.1%.
The historical rank and industry rank for CP Axtra PCL's Operating Margin % or its related term are showing as below:
BKK:CPAXT'
s Operating Margin % Range Over the Past 10 Years
Min: 3.24 Med: 3.93 Max: 4.31
Current: 3.24
BKK:CPAXT's Operating Margin % is ranked worse than 51.61% of 310
companies
in the Retail - Defensive industry
Industry Median: 3.275
vs BKK:CPAXT: 3.24
CP Axtra PCL's 5-Year Average Operating Margin % Growth Rate was -4.10% per year.
CP Axtra PCL's Operating Income for the
three
months ended in Dec. 2025 was ฿4,467 Mil.
Its Operating Income for the trailing twelve months (TTM) ended in Dec. 2025 was ฿16,788 Mil.
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.
CP Axtra PCL Operating Margin % Related Terms
CP Axtra PCL Operating Margin % Historical Data
* Premium members only.
The historical data trend for CP Axtra PCL'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.
BKK:CPAXT vs SYY, USFD, PFGC: Operating Margin % Comparison
For the Food Distribution subindustry, CP Axtra PCL'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.
CP Axtra PCL Operating Margin % vs Retail - Defensive Industry
For the Retail - Defensive industry and Consumer Defensive sector, CP Axtra PCL's Operating Margin % distribution charts can be found below:
* The bar in red indicates where CP Axtra PCL'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.
CP Axtra PCL'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.
CP Axtra PCL (BKK:CPAXT) has a Operating Margin % of 3.34% as of Dec. 2025. Operating margin is the ratio of total operating income to net sales. View historical data on CP Axtra PCL and its competitors. This is 15% below median its historical median of 3.93. Over the past decade, CP Axtra PCL's Operating Margin % has ranged from 3.24 to 4.31. According to the industry distribution chart, CP Axtra PCL ranks #160 out of 310 companies in the Retail - Defensive industry, placing it in the top 51.6%.
Is CP Axtra PCL's Operating Margin % too high?
CP Axtra PCL's current Operating Margin % of 3.34% is 15% below median its 10-year median of 3.93. Over the past 10 years, this metric has ranged from a low of 3.24 to a high of 4.31. The Retail - Defensive industry median Operating Margin % is 3.28. CP Axtra PCL's value of 3.34% is 2% above this industry median. Based on the distribution chart, CP Axtra PCL ranks #160 out of 310 companies in the Retail - Defensive industry, which is below the industry midpoint. Overall, CP Axtra PCL has a GF Score™ of 45/100, reflecting its overall financial health beyond just this single metric.
How does CP Axtra PCL's Operating Margin % compare to SYY and USFD?
According to the Retail - Defensive industry distribution chart, CP Axtra PCL ranks #160 out of 310 companies for Operating Margin %. This places CP Axtra PCL in the lower half of its industry. The industry median Operating Margin % is 3.28. CP Axtra PCL's value of 3.34% is 2% above this benchmark. Historically, CP Axtra PCL's own Operating Margin % has ranged from 3.24 to 4.31 over the past decade. While the company's 10-year median is 3.93 vs. the industry median of 3.28, CP Axtra PCL 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 Retail - Defensive company?
The median Operating Margin % among Retail - Defensive companies is 3.28, based on 310 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. CP Axtra PCL's current Operating Margin % of 3.34% is 2% 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 CP Axtra PCL and its competitors. For the Retail - Defensive industry, the median Operating Margin % is 3.28 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. CP Axtra PCL's current Operating Margin % is 3.34%, which is 15% below median its own 10-year median of 3.93. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is CP Axtra PCL stock overvalued right now?
CP Axtra PCL (BKK:CPAXT) has a current Operating Margin % of 3.34%. The current Operating Margin % is 3.34%, which is 15% below median its 10-year median of 3.93 and 2% above the Retail - Defensive industry median of 3.28. CP Axtra PCL's overall GF Score™ is 45/100 with 6 warning signs 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 CP Axtra PCL (BKK:CPAXT), the current Operating Margin % is 3.34% 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.
CP Axtra PCL operates Makro brand stores and frozen food shops across Thailand. The company conducts its business through three segments: Wholesale, Retail, and Mall. Its operations consist of the sale of goods through wholesale, retail, and mall businesses, as well as the rendering of services related to those businesses. The majority of the company's revenue is generated from the Wholesale segment. The company operates in Thailand, Malaysia, and other markets, with the majority of its revenue coming from Thailand.
45GF Score
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