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Core Scientific (Core Scientific) Operating Margin % : 33.87% (As of Mar. 2024)


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What is Core Scientific Operating Margin %?

Operating Margin % is calculated as Operating Income divided by its Revenue. Core Scientific's Operating Income for the three months ended in Mar. 2024 was $60.7 Mil. Core Scientific's Revenue for the three months ended in Mar. 2024 was $179.3 Mil. Therefore, Core Scientific's Operating Margin % for the quarter that ended in Mar. 2024 was 33.87%.

The historical rank and industry rank for Core Scientific's Operating Margin % or its related term are showing as below:

CORZQ' s Operating Margin % Range Over the Past 10 Years
Min: -38.2   Med: -20.23   Max: 30.61
Current: 12.21


CORZQ's Operating Margin % is ranked better than
76.38% of 2765 companies
in the Software industry
Industry Median: 3.6 vs CORZQ: 12.21

Core Scientific's 5-Year Average Operating Margin % Growth Rate was 0.00% per year.

Core Scientific's Operating Income for the three months ended in Mar. 2024 was $60.7 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2024 was $68.5 Mil.

Warning Sign:

Core Scientific Inc has recorded a loss in operating income at least once over the past 3 years.


Core Scientific Operating Margin % Historical Data

The historical data trend for Core Scientific'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.

* Premium members only.

Core Scientific Operating Margin % Chart

Core Scientific Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Operating Margin %
-20.99 -20.23 30.61 -38.20 3.05

Core Scientific Quarterly Data
Dec19 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 6.29 7.75 -10.08 6.55 33.87

Competitive Comparison of Core Scientific's Operating Margin %

For the Software - Infrastructure subindustry, Core Scientific'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.


Core Scientific's Operating Margin % Distribution in the Software Industry

For the Software industry and Technology sector, Core Scientific's Operating Margin % distribution charts can be found below:

* The bar in red indicates where Core Scientific's Operating Margin % falls into.



Core Scientific 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.

Core Scientific's Operating Margin % for the fiscal year that ended in Dec. 2023 is calculated as

Operating Margin %=Operating Income (A: Dec. 2023 ) / Revenue (A: Dec. 2023 )
=15.348 / 502.4
=3.05 %

Core Scientific's Operating Margin % for the quarter that ended in Mar. 2024 is calculated as

Operating Margin %=Operating Income (Q: Mar. 2024 ) / Revenue (Q: Mar. 2024 )
=60.722 / 179.291
=33.87 %

* 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.


Core Scientific  (OTCPK:CORZQ) 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.


Core Scientific Operating Margin % Related Terms

Thank you for viewing the detailed overview of Core Scientific's Operating Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.


Core Scientific (Core Scientific) Business Description

Traded in Other Exchanges
Address
210 Barton Springs Road, Austin, TX, USA, 78704
Core Scientific Inc is engaged in Blockchain and AI Infrastructure, Digital Asset Self-Mining, Premium Hosting, Blockchain Technology, and Artificial Intelligence related services. The business operates in two segments being; Equipment Sales and Hosting which consists of blockchain infrastructure, third-party hosting business and equipment sales to customers. Mining segment consists of digital asset mining for its account. The blockchain business generates revenue from the sale of consumption-based contracts and by providing hosting services. The digital asset mining segment earns revenue from operating a firm's owned computer equipment as part of a pool of users that process transactions conducted on one or more blockchain networks. In exchange, it receives digital currency assets.
Executives
Adam Taylor Sullivan officer: President C/O CORE SCIENTIFIC, INC., 2407 S. CONGRESS AVENUE, AUSTIN TX 78704
Darin Feinstein director, 10 percent owner, officer: Chief Vision Officer 2800 NORTHUP WAY, SUITE 220, BELLEVUE WA 98004
Sterling Denise Marie Brucia officer: Chief Financial Officer C/O CORE SCIENTIFIC, INC., 201 BARTON SPRINGS ROAD, AUSTIN TX 78704
Matt Minnis director 2800 NORTHUP WAY, SUITE 220, BELLEVUE WA 98004
Brian Neville officer: Chief Accounting Officer C/O CORE SCIENTIFIC, INC., 2800 NORTHROP WAY, BELLEVUE WA 98004
Todd M Duchene officer: EVP, GC and Secretary 847 GIBRALTAR DR., MILPITAS CA 95035
Michael Trzupek officer: Chief Financial Officer 2800 NORTHUP WAY, SUITE 220, BELLEVUE WA 98004
Stacie Olivares director 2525 E. CAMELBACK RD., STE 850, PHOENIX AZ 85016
Jarvis V. Hollingsworth director 100 WEST HOUSTON STREET, SAN ANTONIO TX 78205
Michael J Levitt director, officer: Chief Executive Officer KAYNE ANDERSON CAPITAL ADVISORS, L.P., 1800 AVENUE OF THE STARS, 3RD FLOOR, LOS ANGELES CA 90067
Dr Kneeland Youngblood director C/O GAP, INC., 2 FOLSOM ST., SAN FRANCISCO CA 94105
John P Mcgarrity officer: General Counsel and Secretary 321 N. CLARK STREET, CHICAGO IL 60054
Sullivan Colleen director 420 EXECUTIVE SQUARE SUITE 300, LA JOLLA CA 92037
Theodore J Brombach 10 percent owner 321 N. CLARK STREET, CHICAGO IL 60054
Patrick C Eilers director, 10 percent owner, officer: Chief Executive Officer THREE FIRST NATIONAL PLAZA STE 3800, CHICAGO IL 60602

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