De'Longhi SpAFRA:DLN -2.61%91 Operating Margin % is 12.27% as of Mar. 2026, which is 4% above its 10-year median of 11.81. GuruFocus rates FRA:DLN with a GF Score™ of 91/100 and a GF Value™ of €34.67 (Fairly Valued). The stock has 4 warning signs investors should review. Among 433 Furnishings, Fixtures & Appliances companies, De'Longhi SpA ranks better than 85.68% on this metric.
De'Longhi SpA operating margin is expanding. Margin expansion is usually a good sign.
The historical rank and industry rank for De'Longhi SpA's Operating Margin % or its related term are showing as below:
FRA:DLN'
s Operating Margin % Range Over the Past 10 Years
Min: 8.33 Med: 11.81 Max: 12.98
Current: 12.23
FRA:DLN's Operating Margin % is ranked better than 85.68% of 433
companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 3.79
vs FRA:DLN: 12.23
De'Longhi SpA's 5-Year Average Operating Margin % Growth Rate was 2.10% per year.
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.
De'Longhi SpA Operating Margin % Related Terms
De'Longhi SpA Operating Margin % Historical Data
* Premium members only.
The historical data trend for De'Longhi SpA'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.
FRA:DLN vs SN, SGI, MHK: Operating Margin % Comparison
For the Furnishings, Fixtures & Appliances subindustry, De'Longhi SpA'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.
De'Longhi SpA Operating Margin % vs Furnishings, Fixtures & Appliances Industry
For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, De'Longhi SpA's Operating Margin % distribution charts can be found below:
* The bar in red indicates where De'Longhi SpA'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.
De'Longhi SpA'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.
De'Longhi SpA (FRA:DLN) has a Operating Margin % of 12.27% as of Mar. 2026. Operating margin is the ratio of total operating income to net sales. View historical data on De'Longhi SpA and its competitors. This is near median its historical median of 11.81. Over the past decade, De'Longhi SpA's Operating Margin % has ranged from 8.33 to 12.98. According to the industry distribution chart, De'Longhi SpA ranks #62 out of 433 companies in the Furnishings, Fixtures & Appliances industry, placing it in the top 14.3%.
Is De'Longhi SpA's Operating Margin % too high?
De'Longhi SpA's current Operating Margin % of 12.27% is near median its 10-year median of 11.81. Over the past 10 years, this metric has ranged from a low of 8.33 to a high of 12.98. The Furnishings, Fixtures & Appliances industry median Operating Margin % is 3.79. De'Longhi SpA's value of 12.27% is 223.7% above this industry median. Based on the distribution chart, De'Longhi SpA ranks #62 out of 433 companies in the Furnishings, Fixtures & Appliances industry, which is in the top quartile — a strong position relative to peers. Overall, De'Longhi SpA has a GF Score™ of 91/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does De'Longhi SpA's Operating Margin % compare to SN and SGI?
According to the Furnishings, Fixtures & Appliances industry distribution chart, De'Longhi SpA ranks #62 out of 433 companies for Operating Margin %. This places De'Longhi SpA in the top 14% of its industry — outperforming the majority of peers. The industry median Operating Margin % is 3.79. De'Longhi SpA's value of 12.27% is 223.7% above this benchmark. Historically, De'Longhi SpA's own Operating Margin % has ranged from 8.33 to 12.98 over the past decade. While the company's 10-year median is 11.81 vs. the industry median of 3.79, De'Longhi SpA 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 a Furnishings, Fixtures & Appliances company?
The median Operating Margin % among Furnishings, Fixtures & Appliances companies is 3.79, based on 433 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. De'Longhi SpA's current Operating Margin % of 12.27% is 223.7% 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 De'Longhi SpA and its competitors. For the Furnishings, Fixtures & Appliances industry, the median Operating Margin % is 3.79 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. De'Longhi SpA's current Operating Margin % is 12.27%, which is near median its own 10-year median of 11.81. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is De'Longhi SpA stock overvalued right now?
Based on GuruFocus' analysis, De'Longhi SpA (FRA:DLN) is currently considered Fairly Valued. The stock's GF Value™ is €34.67, compared to a current price of €35.84 — trading 3.4% above its estimated fair value. The current Operating Margin % is 12.27%, which is near median its 10-year median of 11.81 and 223.7% above the Furnishings, Fixtures & Appliances industry median of 3.79. De'Longhi SpA's overall GF Score™ is 91/100 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 De'Longhi SpA (FRA:DLN), the current Operating Margin % is 12.27% 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 De'Longhi SpA (FRA:DLN) Overvalued in 2026?
Based on GuruFocus' analysis, De'Longhi SpA stock appears to be overvalued.
The current stock price of €35.84 is trading 3.4% above its estimated GF Value™ of €34.67.
GuruFocus considers De'Longhi SpA to be Fairly Valued.
Key valuation signals for FRA:DLN:
Operating Margin %: 12.27% (near median its 10-year median of 11.81)
GF Value™: €34.67 vs. price of €35.84 (3.4% above fair value)
Industry Position: 223.7% above the Furnishings, Fixtures & Appliances median (#62 of 433)
No single metric tells the full story. See the FRA:DLN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
De'Longhi SPA is an Italy-based company that is principally engaged in designing, producing, and selling small domestic appliances. The company's products consist of coffeemakers, cooking and food products, home-care products, air conditioners and air treatment products, electric heaters, and others. The company offers products under four brands: De'Longhi, Kenwood, Braun, and Ariete. It has two business segment Household and Professional divisions. Key revenue is generated from Household segment. The company has a business presence across the world, including Europe, America, MEIA Asia Pacific, and others, The company generates maximum revenue from Europe.
91GF Score
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