Blum HoldingsBLMH -3.98%14 Operating Margin % is -30.86% as of Sep. 2025. GuruFocus rates BLMH with a GF Score™ of 14/100 and a GF Value™ of $0.44 (Possible Value Trap). The stock has 7 warning signs investors should review. Among 668 Healthcare Providers & Services companies, Blum Holdings ranks worse than 87.13% on this metric.
Operating Margin % is calculated as Operating Income divided by its Revenue. Blum Holdings's Operating Income for the
three
months ended in Sep. 2025 was $-1.50 Mil. Blum Holdings's Revenue for the
three
months ended in Sep. 2025 was $4.85 Mil. Therefore, Blum Holdings's Operating Margin % for the quarter that ended in Sep. 2025 was -30.86%.
Good Sign:
Blum Holdings Inc operating margin is expanding. Margin expansion is usually a good sign.
The historical rank and industry rank for Blum Holdings's Operating Margin % or its related term are showing as below:
BLMH'
s Operating Margin % Range Over the Past 10 Years
Min: -270.67 Med: -91.73 Max: -43.71
Current: -43.71
BLMH's Operating Margin % is ranked worse than 87.13% of 668
companies
in the Healthcare Providers & Services industry
Industry Median: 4.845
vs BLMH: -43.71
Blum Holdings's 5-Year Average Operating Margin % Growth Rate was 9.30% per year.
Blum Holdings's Operating Income for the
three
months ended in Sep. 2025 was $-1.50 Mil.
Its Operating Income for the trailing twelve months (TTM) ended in Sep. 2025 was $-5.95 Mil.
Warning Sign:
Blum Holdings Inc had lost money in 92% of the time over the past 12quarters.
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.
Blum Holdings Operating Margin % Related Terms
Blum Holdings Operating Margin % Historical Data
* Premium members only.
The historical data trend for Blum Holdings'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.
BLMH vs HEWA, WGRX, DHTI: Operating Margin % Comparison
For the Pharmaceutical Retailers subindustry, Blum Holdings'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.
Blum Holdings Operating Margin % vs Healthcare Providers & Services Industry
For the Healthcare Providers & Services industry and Healthcare sector, Blum Holdings's Operating Margin % distribution charts can be found below:
* The bar in red indicates where Blum Holdings'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.
Blum Holdings's Operating Margin % for the fiscal year that ended in Dec. 2024 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.
Blum Holdings (BLMH) has a Operating Margin % of -30.86% as of Sep. 2025. Operating margin is the ratio of total operating income to net sales. View historical data on Blum Holdings and its competitors. According to the industry distribution chart, Blum Holdings ranks #582 out of 668 companies in the Healthcare Providers & Services industry, placing it in the top 87.1%.
Is Blum Holdings' Operating Margin % too high?
Blum Holdings' current Operating Margin % is -30.86%. Based on the distribution chart, Blum Holdings ranks #582 out of 668 companies in the Healthcare Providers & Services industry, which is in the bottom quartile relative to peers. Overall, Blum Holdings has a GF Score™ of 14/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Blum Holdings' Operating Margin % compare to HEWA and WGRX?
According to the Healthcare Providers & Services industry distribution chart, Blum Holdings ranks #582 out of 668 companies for Operating Margin %. This places Blum Holdings in the lower half of its industry. The industry median Operating Margin % is 4.85. 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 Healthcare Providers & Services company?
The median Operating Margin % among Healthcare Providers & Services companies is 4.85, based on 668 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. 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 Blum Holdings and its competitors. For the Healthcare Providers & Services industry, the median Operating Margin % is 4.85 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Blum Holdings's current Operating Margin % is -30.86%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Blum Holdings stock overvalued right now?
Based on GuruFocus' analysis, Blum Holdings (BLMH) is currently considered Possible Value Trap. The stock's GF Value™ is $0.44, compared to a current price of $0.19 — trading 56.1% below its estimated fair value. The current Operating Margin % is -30.86%. Blum Holdings' overall GF Score™ is 14/100 with 7 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 Blum Holdings (BLMH), the current Operating Margin % is -30.86% 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.
Is Blum Holdings (BLMH) Overvalued in 2026?
Based on GuruFocus' analysis, Blum Holdings stock appears to be undervalued.
The current stock price of $0.19 is trading 56.1% below its estimated GF Value™ of $0.44.
GuruFocus considers Blum Holdings to be Possible Value Trap.
Key valuation signals for BLMH:
Operating Margin %: -30.86%
GF Value™: $0.44 vs. price of $0.19 (56.1% below fair value)
No single metric tells the full story. See the BLMH stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Blum Holdings Inc is a cannabis company with operations in retail, production, distribution, and cultivation, with an emphasis on providing the highest quality of medical and adult-use cannabis products. It distributes its own branded products as well as third-party products to its retail dispensaries in California under the Korova brand. The company has two reportable segments; Cannabis Retail which generates key revenue and includes cannabis-focused retail, both physical stores and non-store front delivery, and Cannabis Distribution segment which includes cannabis distribution operations.
14GF Score
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