Refinaria De Petroleos Manguinhos (BSP:RPMG3) Operating Margin %: -21.65% (As of Jun. 2025)


BSP:RPMG3 Refinaria De Petroleos Manguinhos SA BSP:RPMG3
52 GF Score
Price R$1.29
GF Value R$4.42
Valuation Possible Value Trap
! 2 Warning Signs
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What is Refinaria De Petroleos Manguinhos Operating Margin %?

Refinaria De Petroleos Manguinhos BSP:RPMG3 -1.53% 52 Operating Margin % is -21.65% as of Jun. 2025. GuruFocus rates BSP:RPMG3 with a GF Score™ of 52/100 and a GF Value™ of R$4.42 (Possible Value Trap). The stock has 2 warning signs investors should review. Among 916 Oil & Gas companies, Refinaria De Petroleos Manguinhos ranks worse than 83.84% on this metric.

Operating Margin % is calculated as Operating Income divided by its Revenue. Refinaria De Petroleos Manguinhos's Operating Income for the three months ended in Jun. 2025 was R$-521 Mil. Refinaria De Petroleos Manguinhos's Revenue for the three months ended in Jun. 2025 was R$2,406 Mil. Therefore, Refinaria De Petroleos Manguinhos's Operating Margin % for the quarter that ended in Jun. 2025 was -21.65%.

Warning Sign:

Refinaria De Petroleos Manguinhos SA operating margin has been in a 5-year decline. The average rate of decline per year is -1.6%.

The historical rank and industry rank for Refinaria De Petroleos Manguinhos's Operating Margin % or its related term are showing as below:

BSP:RPMG3' s Operating Margin % Range Over the Past 10 Years
Min: -81.28   Med: -21.2   Max: -13.07
Current: -20.96


BSP:RPMG3's Operating Margin % is ranked worse than
83.84% of 916 companies
in the Oil & Gas industry
Industry Median: 6.86 vs BSP:RPMG3: -20.96

Refinaria De Petroleos Manguinhos's 5-Year Average Operating Margin % Growth Rate was -1.60% per year.

Refinaria De Petroleos Manguinhos's Operating Income for the three months ended in Jun. 2025 was R$-521 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Jun. 2025 was R$-1,811 Mil.


Refinaria De Petroleos Manguinhos  (BSP:RPMG3) 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.


Refinaria De Petroleos Manguinhos Operating Margin % Related Terms


Refinaria De Petroleos Manguinhos Operating Margin % Historical Data

* Premium members only.

The historical data trend for Refinaria De Petroleos Manguinhos'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.

Refinaria De Petroleos Manguinhos Operating Margin % Chart

Refinaria De Petroleos Manguinhos Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Operating Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -25.80 -13.07 -19.38 -22.82 -18.23

Refinaria De Petroleos Manguinhos Quarterly Data
Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25
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 -22.21 -19.81 -18.78 -23.96 -21.65

BSP:RPMG3 vs VLO, MPC, PSX: Operating Margin % Comparison

For the Oil & Gas Refining & Marketing subindustry, Refinaria De Petroleos Manguinhos'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.


Refinaria De Petroleos Manguinhos Operating Margin % vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Refinaria De Petroleos Manguinhos's Operating Margin % distribution charts can be found below:

* The bar in red indicates where Refinaria De Petroleos Manguinhos's Operating Margin % falls into.


BSP:RPMG3
52GF Score
Refinaria De Petroleos Manguinhos SA BSP:RPMG3
Operating Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
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Refinaria De Petroleos Manguinhos 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.

Refinaria De Petroleos Manguinhos's Operating Margin % for the fiscal year that ended in Dec. 2024 is calculated as

Operating Margin %=Operating Income (A: Dec. 2024 ) / Revenue (A: Dec. 2024 )
=-1273.24 / 6983.506
=-18.23 %

Refinaria De Petroleos Manguinhos's Operating Margin % for the quarter that ended in Jun. 2025 is calculated as

Operating Margin %=Operating Income (Q: Jun. 2025 ) / Revenue (Q: Jun. 2025 )
=-520.887 / 2405.643
=-21.65 %

* 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 -21.65% mean?
Refinaria De Petroleos Manguinhos (BSP:RPMG3) has a Operating Margin % of -21.65% as of Jun. 2025. Operating margin is the ratio of total operating income to net sales. View historical data on Refinaria De Petroleos Manguinhos and its competitors. According to the industry distribution chart, Refinaria De Petroleos Manguinhos ranks #768 out of 916 companies in the Oil & Gas industry, placing it in the top 83.8%.
Is Refinaria De Petroleos Manguinhos' Operating Margin % too high?
Refinaria De Petroleos Manguinhos' current Operating Margin % is -21.65%. Based on the distribution chart, Refinaria De Petroleos Manguinhos ranks #768 out of 916 companies in the Oil & Gas industry, which is in the bottom quartile relative to peers. Overall, Refinaria De Petroleos Manguinhos has a GF Score™ of 52/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Refinaria De Petroleos Manguinhos' Operating Margin % compare to VLO and MPC?
According to the Oil & Gas industry distribution chart, Refinaria De Petroleos Manguinhos ranks #768 out of 916 companies for Operating Margin %. This places Refinaria De Petroleos Manguinhos in the lower half of its industry. The industry median Operating Margin % is 6.86. 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 Oil & Gas company?
The median Operating Margin % among Oil & Gas companies is 6.86, based on 916 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 Refinaria De Petroleos Manguinhos and its competitors. For the Oil & Gas industry, the median Operating Margin % is 6.86 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Refinaria De Petroleos Manguinhos's current Operating Margin % is -21.65%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Refinaria De Petroleos Manguinhos stock overvalued right now?
Based on GuruFocus' analysis, Refinaria De Petroleos Manguinhos (BSP:RPMG3) is currently considered Possible Value Trap. The stock's GF Value™ is R$4.42, compared to a current price of R$1.29 — trading 70.8% below its estimated fair value. The current Operating Margin % is -21.65%. Refinaria De Petroleos Manguinhos' overall GF Score™ is 52/100 with 2 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 Refinaria De Petroleos Manguinhos (BSP:RPMG3), the current Operating Margin % is -21.65% as of Jun. 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 Refinaria De Petroleos Manguinhos (BSP:RPMG3) Overvalued in 2026?

Based on GuruFocus' analysis, Refinaria De Petroleos Manguinhos stock appears to be undervalued. The current stock price of R$1.29 is trading 70.8% below its estimated GF Value™ of R$4.42. GuruFocus considers Refinaria De Petroleos Manguinhos to be Possible Value Trap.

Key valuation signals for BSP:RPMG3:

  • Operating Margin %: -21.65%
  • GF Value™: R$4.42 vs. price of R$1.29 (70.8% below fair value)
  • GF Score™: 52/100 with 2 warning signs

No single metric tells the full story. See the BSP:RPMG3 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Refinaria De Petroleos Manguinhos Business Description

Industry EnergyOil & Gas
Address Avenida Brasil, 3141, Manguinhos, Rio de Janeiro, RJ, BRA, 20930041
Refinaria De Petroleos Manguinhos SA is engaged in the operation of the oil refinery, import, sale and export of crude oil and its derivatives, and provision of services related to the refining activity, among others.
52GF Score

Get the complete analysis for BSP:RPMG3

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

R$1.29
Price
R$4.42
GF Value