DNO ASADTNOY 86 Operating Margin % is 44.64% as of Mar. 2026, which is 41% above its 10-year median of 31.55. GuruFocus rates DTNOY with a GF Score™ of 86/100 and a GF Value™ of $25.77 (Possible Value Trap). The stock has 4 warning signs investors should review. Among 916 Oil & Gas companies, DNO ASA ranks better than 89.3% on this metric.
Operating Margin % is calculated as Operating Income divided by its Revenue. DNO ASA's Operating Income for the
three
months ended in Mar. 2026 was $280 Mil. DNO ASA's Revenue for the
three
months ended in Mar. 2026 was $627 Mil. Therefore, DNO ASA's Operating Margin % for the quarter that ended in Mar. 2026 was 44.64%.
The historical rank and industry rank for DNO ASA's Operating Margin % or its related term are showing as below:
DTNOY'
s Operating Margin % Range Over the Past 10 Years
Min: -6.28 Med: 31.55 Max: 181.2
Current: 35.8
DTNOY's Operating Margin % is ranked better than 89.3% of 916
companies
in the Oil & Gas industry
Industry Median: 6.86
vs DTNOY: 35.80
DNO ASA's 5-Year Average Operating Margin % Growth Rate was 0.00% per year.
DNO ASA's Operating Income for the
three
months ended in Mar. 2026 was $280 Mil.
Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was $688 Mil.
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.
DNO ASA Operating Margin % Related Terms
DNO ASA Operating Margin % Historical Data
* Premium members only.
The historical data trend for DNO ASA'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.
DTNOY vs COP, EOG, OXY: Operating Margin % Comparison
For the Oil & Gas E&P subindustry, DNO ASA'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.
DNO ASA Operating Margin % vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, DNO ASA's Operating Margin % distribution charts can be found below:
* The bar in red indicates where DNO ASA'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.
DNO ASA's Operating Margin % for the fiscal year that ended in Dec. 2025 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.
DNO ASA (DTNOY) has a Operating Margin % of 44.64% as of Mar. 2026. Operating margin is the ratio of total operating income to net sales. View historical data on DNO ASA and its competitors. This is 41% above median its historical median of 31.55. According to the industry distribution chart, DNO ASA ranks #98 out of 916 companies in the Oil & Gas industry, placing it in the top 10.7%.
Is DNO ASA's Operating Margin % too high?
DNO ASA's current Operating Margin % of 44.64% is 41% above median its 10-year median of 31.55. The Oil & Gas industry median Operating Margin % is 6.86. DNO ASA's value of 44.64% is 550.7% above this industry median. Based on the distribution chart, DNO ASA ranks #98 out of 916 companies in the Oil & Gas industry, which is in the top quartile — a strong position relative to peers. Overall, DNO ASA has a GF Score™ of 86/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does DNO ASA's Operating Margin % compare to COP and EOG?
According to the Oil & Gas industry distribution chart, DNO ASA ranks #98 out of 916 companies for Operating Margin %. This places DNO ASA in the top 11% of its industry — outperforming the majority of peers. The industry median Operating Margin % is 6.86. DNO ASA's value of 44.64% is 550.7% above this benchmark. While the company's 10-year median is 31.55 vs. the industry median of 6.86, DNO ASA 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 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. DNO ASA's current Operating Margin % of 44.64% is 550.7% 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 DNO ASA 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. DNO ASA's current Operating Margin % is 44.64%, which is 41% above median its own 10-year median of 31.55. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is DNO ASA stock overvalued right now?
Based on GuruFocus' analysis, DNO ASA (DTNOY) is currently considered Possible Value Trap. The stock's GF Value™ is $25.77, compared to a current price of $18.06 — trading 29.9% below its estimated fair value. The current Operating Margin % is 44.64%, which is 41% above median its 10-year median of 31.55 and 550.7% above the Oil & Gas industry median of 6.86. DNO ASA's overall GF Score™ is 86/100 with 4 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 DNO ASA (DTNOY), the current Operating Margin % is 44.64% 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 DNO ASA (DTNOY) Overvalued in 2026?
Based on GuruFocus' analysis, DNO ASA stock appears to be undervalued.
The current stock price of $18.06 is trading 29.9% below its estimated GF Value™ of $25.77.
GuruFocus considers DNO ASA to be Possible Value Trap.
Key valuation signals for DTNOY:
Operating Margin %: 44.64% (41% above median its 10-year median of 31.55)
GF Value™: $25.77 vs. price of $18.06 (29.9% below fair value)
Industry Position: 550.7% above the Oil & Gas median (#98 of 916)
No single metric tells the full story. See the DTNOY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
DNO ASA is an oil and gas exploration and production company. Its producing assets are located across the North Sea, which generates the majority of the revenue, Kurdistan, and West Africa. The company holds working interests in both onshore and offshore fields and operates as either the sole operator or partner in many of its facilities. The company generates a majority of its revenue from the sale of oil and the rest from tariff income, the sale of gas, and natural gas liquids.
86GF Score
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