Thistle Resources (FRA:BU9) Operating Margin %: 0.00% (As of Mar. 2026)

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FRA:BU9 Thistle Resources Inc FRA:BU9
12 GF Score
Price €0.09
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What is Thistle Resources Operating Margin %?

Thistle Resources FRA:BU9 12 Operating Margin % is 0.00% as of Mar. 2026. GuruFocus rates FRA:BU9 with a GF Score™ of 12/100. Among 839 Metals & Mining companies, Thistle Resources ranks worse than 119189.39% on this metric.

Operating Margin % is calculated as Operating Income divided by its Revenue. Thistle Resources's Operating Income for the three months ended in Mar. 2026 was €-0.20 Mil. Thistle Resources's Revenue for the three months ended in Mar. 2026 was €0.00 Mil. Therefore, Thistle Resources's Operating Margin % for the quarter that ended in Mar. 2026 was 0.00%.

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


FRA:BU9's Operating Margin % is not ranked *
in the Metals & Mining industry.
Industry Median: 6.2
* Ranked among companies with meaningful Operating Margin % only.

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

Thistle Resources's Operating Income for the three months ended in Mar. 2026 was €-0.20 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was €-0.49 Mil.


Thistle Resources  (FRA:BU9) 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.


Thistle Resources Operating Margin % Related Terms


Thistle Resources Operating Margin % Historical Data

* Premium members only.

The historical data trend for Thistle Resources'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.

Thistle Resources Operating Margin % Chart

Thistle Resources Annual Data
Trend Dec22 Dec23 Dec24 Dec25
Operating Margin %
0.00 0.00 0.00 0.00

Thistle Resources Quarterly Data
Dec22 Jun23 Dec23 Jun24 Sep24 Dec24 Mar25 Sep25 Dec25 Mar26
Operating Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 0.00

Thistle Resources Operating Margin % Competitor Comparison

For the Other Industrial Metals & Mining subindustry, Thistle Resources'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.


Thistle Resources Operating Margin % vs Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Thistle Resources's Operating Margin % distribution charts can be found below:

* The bar in red indicates where Thistle Resources's Operating Margin % falls into.


FRA:BU9
12GF Score
Thistle Resources Inc FRA:BU9
Operating Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
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Thistle Resources 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.

Thistle Resources'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 )
=-0.654 / 0
= %

Thistle Resources'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 )
=-0.199 / 0
= %

* 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 0.00% mean?
Thistle Resources (FRA:BU9) has a Operating Margin % of 0.00% as of Mar. 2026. Operating margin is the ratio of total operating income to net sales. View historical data on Thistle Resources and its competitors. According to the industry distribution chart, Thistle Resources ranks #999999 out of 839 companies in the Metals & Mining industry.
Is Thistle Resources' Operating Margin % too high?
Thistle Resources' current Operating Margin % is 0.00%. Based on the distribution chart, Thistle Resources ranks #999999 out of 839 companies in the Metals & Mining industry, which is in the bottom quartile relative to peers. Overall, Thistle Resources has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does Thistle Resources' Operating Margin % compare to competitors?
According to the Metals & Mining industry distribution chart, Thistle Resources ranks #999999 out of 839 companies for Operating Margin %. This places Thistle Resources in the lower half of its industry. The industry median Operating Margin % is 6.20. 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 a Metals & Mining company?
The median Operating Margin % among Metals & Mining companies is 6.20, based on 839 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 Thistle Resources and its competitors. For the Metals & Mining industry, the median Operating Margin % is 6.20 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Thistle Resources's current Operating Margin % is 0.00%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Thistle Resources stock overvalued right now?
Thistle Resources (FRA:BU9) has a current Operating Margin % of 0.00%. The current Operating Margin % is 0.00%. Thistle Resources' overall GF Score™ is 12/100. 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 Thistle Resources (FRA:BU9), the current Operating Margin % is 0.00% 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.

Thistle Resources Business Description

Other Exchanges TRCG:Canada
Address 77 King Street West, Suite 3000, TD Centre North Tower, Toronto, ON, CAN, M5K 1G8
Thistle Resources Inc is engaged in base and precious metal exploration in the Bathurst Mining Camp, New Brunswick, and the Cape Breton Highlands Region, Nova Scotia. The company wholly-owns the following mineral exploration projects: Middle River Gold Project; Middle River VMS Project; Celtic Highlands Project and Alba Forks Project. It has acquired the option to purchase the mineral claims associated with the Brunswick Gold-Silver Project.
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Operating Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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