Millcon Steel PCLBKK:MILL-R Operating Margin % is 4.04% as of Sep. 2025, which is 113% above its 10-year median of 1.90. The stock has 8 warning signs investors should review. Among 615 Steel companies, Millcon Steel PCL ranks worse than 86.34% 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.
Millcon Steel PCL Operating Margin % Related Terms
Millcon Steel PCL Operating Margin % Historical Data
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The historical data trend for Millcon Steel 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:MILL-R vs NUE, STLD, RS: Operating Margin % Comparison
For the Steel subindustry, Millcon Steel 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.
Millcon Steel PCL Operating Margin % vs Steel Industry
For the Steel industry and Basic Materials sector, Millcon Steel PCL's Operating Margin % distribution charts can be found below:
* The bar in red indicates where Millcon Steel 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.
Millcon Steel PCL's Operating Margin % for the fiscal year that ended in Dec. 2023 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.
Millcon Steel PCL (BKK:MILL-R) has a Operating Margin % of 4.04% as of Sep. 2025. Operating margin is the ratio of total operating income to net sales. View historical data on Millcon Steel PCL and its competitors. This is 113% above median its historical median of 1.90. According to the industry distribution chart, Millcon Steel PCL ranks #531 out of 615 companies in the Steel industry, placing it in the top 86.3%.
Is Millcon Steel PCL's Operating Margin % too high?
Millcon Steel PCL's current Operating Margin % of 4.04% is 113% above median its 10-year median of 1.90. The Steel industry median Operating Margin % is 2.99. Millcon Steel PCL's value of 4.04% is 35.1% above this industry median. Based on the distribution chart, Millcon Steel PCL ranks #531 out of 615 companies in the Steel industry, which is in the bottom quartile relative to peers.
How does Millcon Steel PCL's Operating Margin % compare to NUE and STLD?
According to the Steel industry distribution chart, Millcon Steel PCL ranks #531 out of 615 companies for Operating Margin %. This places Millcon Steel PCL in the lower half of its industry. The industry median Operating Margin % is 2.99. Millcon Steel PCL's value of 4.04% is 35.1% above this benchmark. While the company's 10-year median is 1.90 vs. the industry median of 2.99, Millcon Steel 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 Steel company?
The median Operating Margin % among Steel companies is 2.99, based on 615 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. Millcon Steel PCL's current Operating Margin % of 4.04% is 35.1% 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 Millcon Steel PCL and its competitors. For the Steel industry, the median Operating Margin % is 2.99 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Millcon Steel PCL's current Operating Margin % is 4.04%, which is 113% above median its own 10-year median of 1.90. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Millcon Steel PCL stock overvalued right now?
Millcon Steel PCL (BKK:MILL-R) has a current Operating Margin % of 4.04%. The current Operating Margin % is 4.04%, which is 113% above median its 10-year median of 1.90 and 35.1% above the Steel industry median of 2.99. 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 Millcon Steel PCL (BKK:MILL-R), the current Operating Margin % is 4.04% as of Sep. 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.
Millcon Steel PCL principal activity is manufacturing and trading of steel. The reportable segments of the company are the Manufacturing segment and Trading segment. The company generates majority of revenue from Manufacturing segment. The vast majority of its revenue comes from the Domestic Market. Its products and services are REINFORCING STEEL BARS, ROUND STEEL BARS, REINFORCING STEEL BARS (THREADED TYPE), WIRE, STEEL PIPE, C-SHAPED STEEL, GALVANIZED STEEL.
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