Fortum OyjFOJCF 65 Operating Margin % is 26.10% as of Mar. 2026, which is 36% above its 10-year median of 19.18. GuruFocus rates FOJCF with a GF Score™ of 65/100 and a GF Value™ of $13.87 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 417 Utilities - Independent Power Producers companies, Fortum Oyj ranks better than 61.39% on this metric.
Operating Margin % is calculated as Operating Income divided by its Revenue. Fortum Oyj's Operating Income for the
three
months ended in Mar. 2026 was $601 Mil. Fortum Oyj's Revenue for the
three
months ended in Mar. 2026 was $2,303 Mil. Therefore, Fortum Oyj's Operating Margin % for the quarter that ended in Mar. 2026 was 26.10%.
Good Sign:
Fortum Oyj operating margin is expanding. Margin expansion is usually a good sign.
The historical rank and industry rank for Fortum Oyj's Operating Margin % or its related term are showing as below:
FOJCF'
s Operating Margin % Range Over the Past 10 Years
Min: 2.86 Med: 19.18 Max: 23.01
Current: 18.37
Fortum Oyj's 5-Year Average Operating Margin % Growth Rate was 30.70% per year.
Fortum Oyj's Operating Income for the
three
months ended in Mar. 2026 was $601 Mil.
Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was $1,139 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.
Fortum Oyj Operating Margin % Related Terms
Fortum Oyj Operating Margin % Historical Data
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The historical data trend for Fortum Oyj'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.
For the Utilities - Renewable subindustry, Fortum Oyj'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.
Fortum Oyj Operating Margin % vs Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, Fortum Oyj's Operating Margin % distribution charts can be found below:
* The bar in red indicates where Fortum Oyj'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.
Fortum Oyj'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.
Fortum Oyj (FOJCF) has a Operating Margin % of 26.10% as of Mar. 2026. Operating margin is the ratio of total operating income to net sales. View historical data on Fortum Oyj and its competitors. This is 36% above median its historical median of 19.18. Over the past decade, Fortum Oyj's Operating Margin % has ranged from 2.86 to 23.01. According to the industry distribution chart, Fortum Oyj ranks #161 out of 417 companies in the Utilities - Independent Power Producers industry, placing it in the top 38.6%.
Is Fortum Oyj's Operating Margin % too high?
Fortum Oyj's current Operating Margin % of 26.10% is 36% above median its 10-year median of 19.18. Over the past 10 years, this metric has ranged from a low of 2.86 to a high of 23.01. The Utilities - Independent Power Producers industry median Operating Margin % is 13.38. Fortum Oyj's value of 26.10% is 95.1% above this industry median. Based on the distribution chart, Fortum Oyj ranks #161 out of 417 companies in the Utilities - Independent Power Producers industry, which is above the industry midpoint. Overall, Fortum Oyj has a GF Score™ of 65/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Fortum Oyj's Operating Margin % compare to competitors?
According to the Utilities - Independent Power Producers industry distribution chart, Fortum Oyj ranks #161 out of 417 companies for Operating Margin %. This puts Fortum Oyj in the upper half of its industry. The industry median Operating Margin % is 13.38. Fortum Oyj's value of 26.10% is 95.1% above this benchmark. Historically, Fortum Oyj's own Operating Margin % has ranged from 2.86 to 23.01 over the past decade. While the company's 10-year median is 19.18 vs. the industry median of 13.38, Fortum Oyj 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 - Independent Power Producers company?
The median Operating Margin % among Utilities - Independent Power Producers companies is 13.38, based on 417 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. Fortum Oyj's current Operating Margin % of 26.10% is 95.1% 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 Fortum Oyj and its competitors. For the Utilities - Independent Power Producers industry, the median Operating Margin % is 13.38 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Fortum Oyj's current Operating Margin % is 26.10%, which is 36% above median its own 10-year median of 19.18. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fortum Oyj stock overvalued right now?
Based on GuruFocus' analysis, Fortum Oyj (FOJCF) is currently considered Significantly Overvalued. The stock's GF Value™ is $13.87, compared to a current price of $22.00 — trading 58.6% above its estimated fair value. The current Operating Margin % is 26.10%, which is 36% above median its 10-year median of 19.18 and 95.1% above the Utilities - Independent Power Producers industry median of 13.38. Fortum Oyj's overall GF Score™ is 65/100 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 Fortum Oyj (FOJCF), the current Operating Margin % is 26.10% 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 Fortum Oyj (FOJCF) Overvalued in 2026?
Based on GuruFocus' analysis, Fortum Oyj stock appears to be overvalued.
The current stock price of $22.00 is trading 58.6% above its estimated GF Value™ of $13.87.
GuruFocus considers Fortum Oyj to be Significantly Overvalued.
Key valuation signals for FOJCF:
Operating Margin %: 26.10% (36% above median its 10-year median of 19.18)
GF Value™: $13.87 vs. price of $22.00 (58.6% above fair value)
Industry Position: 95.1% above the Utilities - Independent Power Producers median (#161 of 417)
No single metric tells the full story. See the FOJCF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Fortum Oyj is a Finnish energy company that operates power plants that use renewable energy sources (hydro, nuclear, and solar power) to sell electricity, heat, cooling, and power products and services. The company mainly operates in Nordic and Baltic countries, Russia, Poland, and India. Its main divisions of the company are generation (large-scale power production), city solutions (sustainable energy solutions), Russia (all Russian operations), technology and new ventures (research and development and in-house incubator for startups), mergers and acquisitions, and solar and wind development. The company's operating segments are Generation, Consumer Solutions, and Other Operations.
65GF Score
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