Compania deneamento de Minas Gerais - COPASA MG (BSP:CSMG3) Operating Margin %: 25.65% (As of Mar. 2026) — 17% Above Median

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BSP:CSMG3 Compania de Saneamento de Minas Gerais - COPASA MG BSP:CSMG3
83 GF Score
Price R$63.16
GF Value R$25.12
Valuation Significantly Overvalued
! 9 Warning Signs
View Full Analysis

What is Compania deneamento de Minas Gerais - COPASA MG Operating Margin %?

Compania deneamento de Minas Gerais - COPASA MG BSP:CSMG3 -1.07% 83 Operating Margin % is 25.65% as of Mar. 2026, which is 17% above its 10-year median of 21.93. GuruFocus rates BSP:CSMG3 with a GF Score™ of 83/100 and a GF Value™ of R$25.12 (Significantly Overvalued). The stock has 9 warning signs investors should review. Among 500 Utilities - Regulated companies, Compania deneamento de Minas Gerais - COPASA MG ranks better than 78.6% on this metric.

Operating Margin % is calculated as Operating Income divided by its Revenue. Compania deneamento de Minas Gerais - COPASA MG's Operating Income for the three months ended in Mar. 2026 was R$546 Mil. Compania deneamento de Minas Gerais - COPASA MG's Revenue for the three months ended in Mar. 2026 was R$2,128 Mil. Therefore, Compania deneamento de Minas Gerais - COPASA MG's Operating Margin % for the quarter that ended in Mar. 2026 was 25.65%.

Good Sign:

Compania de Saneamento de Minas Gerais - COPASA MG operating margin is expanding. Margin expansion is usually a good sign.

The historical rank and industry rank for Compania deneamento de Minas Gerais - COPASA MG's Operating Margin % or its related term are showing as below:

BSP:CSMG3' s Operating Margin % Range Over the Past 10 Years
Min: 16.02   Med: 21.93   Max: 27.66
Current: 25.41


BSP:CSMG3's Operating Margin % is ranked better than
78.6% of 500 companies
in the Utilities - Regulated industry
Industry Median: 14.855 vs BSP:CSMG3: 25.41

Compania deneamento de Minas Gerais - COPASA MG's 5-Year Average Operating Margin % Growth Rate was 5.60% per year.

Compania deneamento de Minas Gerais - COPASA MG's Operating Income for the three months ended in Mar. 2026 was R$546 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was R$2,133 Mil.


Compania deneamento de Minas Gerais - COPASA MG  (BSP:CSMG3) Operating Margin % Explanation

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 Nokia’s 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.


Compania deneamento de Minas Gerais - COPASA MG Operating Margin % Related Terms


Compania deneamento de Minas Gerais - COPASA MG Operating Margin % Historical Data

* Premium members only.

The historical data trend for Compania deneamento de Minas Gerais - COPASA MG'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.

Compania deneamento de Minas Gerais - COPASA MG Operating Margin % Chart

Compania deneamento de Minas Gerais - COPASA MG Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Operating Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 17.89 19.81 26.47 27.66 26.41

Compania deneamento de Minas Gerais - COPASA MG Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Operating Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 29.70 23.38 23.25 29.10 25.65

BSP:CSMG3 vs AWK, WTRG, AWR: Operating Margin % Comparison

For the Utilities - Regulated Water subindustry, Compania deneamento de Minas Gerais - COPASA MG'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.


Compania deneamento de Minas Gerais - COPASA MG Operating Margin % vs Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Compania deneamento de Minas Gerais - COPASA MG's Operating Margin % distribution charts can be found below:

* The bar in red indicates where Compania deneamento de Minas Gerais - COPASA MG's Operating Margin % falls into.


BSP:CSMG3
83GF Score
Compania de Saneamento de Minas Gerais - COPASA MG BSP:CSMG3
Operating Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Compania deneamento de Minas Gerais - COPASA MG Operating Margin % Calculation

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.

Compania deneamento de Minas Gerais - COPASA MG's Operating Margin % for the fiscal year that ended in Dec. 2025 is calculated as

Operating Margin %=Operating Income (A: Dec. 2025 ) / Revenue (A: Dec. 2025 )
=2199.678 / 8330.19
=26.41 %

Compania deneamento de Minas Gerais - COPASA MG's Operating Margin % for the quarter that ended in Mar. 2026 is calculated as

Operating Margin %=Operating Income (Q: Mar. 2026 ) / Revenue (Q: Mar. 2026 )
=545.936 / 2128.135
=25.65 %

* 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.

Frequently Asked Questions Learn more about Operating Margin % →
What does a Operating Margin % of 25.65% mean?
Compania deneamento de Minas Gerais - COPASA MG (BSP:CSMG3) has a Operating Margin % of 25.65% as of Mar. 2026. Operating margin is the ratio of total operating income to net sales. View historical data on Compania deneamento de Minas Gerais - COPASA MG and its competitors. This is 17% above median its historical median of 21.93. Over the past decade, Compania deneamento de Minas Gerais - COPASA MG's Operating Margin % has ranged from 16.02 to 27.66. According to the industry distribution chart, Compania deneamento de Minas Gerais - COPASA MG ranks #107 out of 500 companies in the Utilities - Regulated industry, placing it in the top 21.4%.
Is Compania deneamento de Minas Gerais - COPASA MG's Operating Margin % too high?
Compania deneamento de Minas Gerais - COPASA MG's current Operating Margin % of 25.65% is 17% above median its 10-year median of 21.93. Over the past 10 years, this metric has ranged from a low of 16.02 to a high of 27.66. The Utilities - Regulated industry median Operating Margin % is 14.86. Compania deneamento de Minas Gerais - COPASA MG's value of 25.65% is 72.7% above this industry median. Based on the distribution chart, Compania deneamento de Minas Gerais - COPASA MG ranks #107 out of 500 companies in the Utilities - Regulated industry, which is in the top quartile — a strong position relative to peers. Overall, Compania deneamento de Minas Gerais - COPASA MG has a GF Score™ of 83/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Compania deneamento de Minas Gerais - COPASA MG's Operating Margin % compare to AWK and WTRG?
According to the Utilities - Regulated industry distribution chart, Compania deneamento de Minas Gerais - COPASA MG ranks #107 out of 500 companies for Operating Margin %. This places Compania deneamento de Minas Gerais - COPASA MG in the top 21% of its industry — outperforming the majority of peers. The industry median Operating Margin % is 14.86. Compania deneamento de Minas Gerais - COPASA MG's value of 25.65% is 72.7% above this benchmark. Historically, Compania deneamento de Minas Gerais - COPASA MG's own Operating Margin % has ranged from 16.02 to 27.66 over the past decade. While the company's 10-year median is 21.93 vs. the industry median of 14.86, Compania deneamento de Minas Gerais - COPASA MG 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 an Utilities - Regulated company?
The median Operating Margin % among Utilities - Regulated companies is 14.86, based on 500 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. Compania deneamento de Minas Gerais - COPASA MG's current Operating Margin % of 25.65% is 72.7% 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 Compania deneamento de Minas Gerais - COPASA MG and its competitors. For the Utilities - Regulated industry, the median Operating Margin % is 14.86 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Compania deneamento de Minas Gerais - COPASA MG's current Operating Margin % is 25.65%, which is 17% above median its own 10-year median of 21.93. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Compania deneamento de Minas Gerais - COPASA MG stock overvalued right now?
Based on GuruFocus' analysis, Compania deneamento de Minas Gerais - COPASA MG (BSP:CSMG3) is currently considered Significantly Overvalued. The stock's GF Value™ is R$25.12, compared to a current price of R$63.16 — trading 151.4% above its estimated fair value. The current Operating Margin % is 25.65%, which is 17% above median its 10-year median of 21.93 and 72.7% above the Utilities - Regulated industry median of 14.86. Compania deneamento de Minas Gerais - COPASA MG's overall GF Score™ is 83/100 with 9 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 Compania deneamento de Minas Gerais - COPASA MG (BSP:CSMG3), the current Operating Margin % is 25.65% as of Mar. 2026. 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 Compania deneamento de Minas Gerais - COPASA MG (BSP:CSMG3) Overvalued in 2026?

Based on GuruFocus' analysis, Compania deneamento de Minas Gerais - COPASA MG stock appears to be overvalued. The current stock price of R$63.16 is trading 151.4% above its estimated GF Value™ of R$25.12. GuruFocus considers Compania deneamento de Minas Gerais - COPASA MG to be Significantly Overvalued.

Key valuation signals for BSP:CSMG3:

  • Operating Margin %: 25.65% (17% above median its 10-year median of 21.93)
  • GF Value™: R$25.12 vs. price of R$63.16 (151.4% above fair value)
  • GF Score™: 83/100 with 9 warning signs
  • Industry Position: 72.7% above the Utilities - Regulated median (#107 of 500)

No single metric tells the full story. See the BSP:CSMG3 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Compania deneamento de Minas Gerais - COPASA MG Business Description

Address Rua Mar de Espanha 525, Santo Antonio, Belo Horizonte, MG, BRA, 30330900
Compania de Saneamento de Minas Gerais - COPASA MG provides water supply, sewage, and solid waste services. The company operates out of subsidiaries COPASA Servicos de Irrigacao S.A., COPASA Aguas Minerais de Minas S.A, and COPANOR. COPASA Servicos de Irrigacao S.A. manages, performs, and sells irrigation system services. COPASA Aguas Minerais de Minas S.A. produces, bottles, distributes, and sells mineral water. COPANOR provides water supply and sewage treatment services across the North and Northeast regions of the State of Minas Gerais. A majority of revenue is derived from water services while the rest is derived from sewage services. The company operates out of Brazil, where an amount of revenue is generated.
83GF Score

Get the complete analysis for BSP:CSMG3

Operating Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

R$63.16
Price
R$25.12
GF Value