ITM Power (FRA:IJ8) Operating Margin %: -96.73% (As of Oct. 2025)


FRA:IJ8 ITM Power PLC FRA:IJ8
76 GF Score
Price €1.27
GF Value €2.18
Valuation Possible Value Trap
! 1 Warning Sign
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What is ITM Power Operating Margin %?

ITM Power FRA:IJ8 -8.19% 76 Operating Margin % is -96.73% as of Oct. 2025. GuruFocus rates FRA:IJ8 with a GF Score™ of 76/100 and a GF Value™ of €2.18 (Possible Value Trap). The stock has 1 warning sign investors should review. Among 3,038 Industrial Products companies, ITM Power ranks worse than 95.92% on this metric.

Operating Margin % is calculated as Operating Income divided by its Revenue. ITM Power's Operating Income for the six months ended in Oct. 2025 was €-20.00 Mil. ITM Power's Revenue for the six months ended in Oct. 2025 was €20.67 Mil. Therefore, ITM Power's Operating Margin % for the quarter that ended in Oct. 2025 was -96.73%.

Good Sign:

ITM Power PLC operating margin is expanding. Margin expansion is usually a good sign.

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

FRA:IJ8' s Operating Margin % Range Over the Past 10 Years
Min: -1896.73   Med: -223.38   Max: -88.01
Current: -88.01


FRA:IJ8's Operating Margin % is ranked worse than
95.92% of 3038 companies
in the Industrial Products industry
Industry Median: 6.53 vs FRA:IJ8: -88.01

ITM Power's 5-Year Average Operating Margin % Growth Rate was 26.70% per year.

ITM Power's Operating Income for the six months ended in Oct. 2025 was €-20.00 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Oct. 2025 was €-28.97 Mil.


ITM Power  (FRA:IJ8) 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.


ITM Power Operating Margin % Related Terms


ITM Power Operating Margin % Historical Data

* Premium members only.

The historical data trend for ITM Power'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.

ITM Power Operating Margin % Chart

ITM Power Annual Data
Trend Apr16 Apr17 Apr18 Apr19 Apr20 Apr21 Apr22 Apr23 Apr24 Apr25
Operating Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -624.14 -795.00 -1,896.67 -220.90 -159.22

ITM Power Semi-Annual Data
Apr16 Oct16 Apr17 Oct17 Apr18 Oct18 Apr19 Oct19 Apr20 Oct20 Apr21 Oct21 Apr22 Oct22 Apr23 Oct23 Apr24 Oct24 Apr25 Oct25
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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only -233.03 -206.79 -217.51 -73.04 -96.73

FRA:IJ8 vs GEV, ETN, PH: Operating Margin % Comparison

For the Specialty Industrial Machinery subindustry, ITM Power'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.


ITM Power Operating Margin % vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, ITM Power's Operating Margin % distribution charts can be found below:

* The bar in red indicates where ITM Power's Operating Margin % falls into.


FRA:IJ8
76GF Score
ITM Power PLC FRA:IJ8
Operating Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
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ITM Power 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.

ITM Power's Operating Margin % for the fiscal year that ended in Apr. 2025 is calculated as

Operating Margin %=Operating Income (A: Apr. 2025 ) / Revenue (A: Apr. 2025 )
=-48.489 / 30.454
=-159.22 %

ITM Power's Operating Margin % for the quarter that ended in Oct. 2025 is calculated as

Operating Margin %=Operating Income (Q: Oct. 2025 ) / Revenue (Q: Oct. 2025 )
=-19.998 / 20.673
=-96.73 %

* 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 -96.73% mean?
ITM Power (FRA:IJ8) has a Operating Margin % of -96.73% as of Oct. 2025. Operating margin is the ratio of total operating income to net sales. View historical data on ITM Power and its competitors. According to the industry distribution chart, ITM Power ranks #2914 out of 3038 companies in the Industrial Products industry, placing it in the top 95.9%.
Is ITM Power's Operating Margin % too high?
ITM Power's current Operating Margin % is -96.73%. Based on the distribution chart, ITM Power ranks #2914 out of 3038 companies in the Industrial Products industry, which is in the bottom quartile relative to peers. Overall, ITM Power has a GF Score™ of 76/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does ITM Power's Operating Margin % compare to GEV and ETN?
According to the Industrial Products industry distribution chart, ITM Power ranks #2914 out of 3038 companies for Operating Margin %. This places ITM Power in the lower half of its industry. The industry median Operating Margin % is 6.53. 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 Industrial Products company?
The median Operating Margin % among Industrial Products companies is 6.53, based on 3,038 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 ITM Power and its competitors. For the Industrial Products industry, the median Operating Margin % is 6.53 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ITM Power's current Operating Margin % is -96.73%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ITM Power stock overvalued right now?
Based on GuruFocus' analysis, ITM Power (FRA:IJ8) is currently considered Possible Value Trap. The stock's GF Value™ is €2.18, compared to a current price of €1.27 — trading 41.9% below its estimated fair value. The current Operating Margin % is -96.73%. ITM Power's overall GF Score™ is 76/100 with 1 warning sign 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 ITM Power (FRA:IJ8), the current Operating Margin % is -96.73% as of Oct. 2025. 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 ITM Power (FRA:IJ8) Overvalued in 2026?

Based on GuruFocus' analysis, ITM Power stock appears to be undervalued. The current stock price of €1.27 is trading 41.9% below its estimated GF Value™ of €2.18. GuruFocus considers ITM Power to be Possible Value Trap.

Key valuation signals for FRA:IJ8:

  • Operating Margin %: -96.73%
  • GF Value™: €2.18 vs. price of €1.27 (41.9% below fair value)
  • GF Score™: 76/100 with 1 warning sign

No single metric tells the full story. See the FRA:IJ8 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


ITM Power Business Description

Address 2 Bessemer Park, Shepcote Lane, Sheffield, GBR, S9 1DZ
ITM Power PLC designs and manufactures integrated hydrogen energy systems for energy storage and clean fuel production. The company is also involved in the research and development of scientific and engineering projects; the development and manufacture of prototype products; and the sale of electrolyzer products such as HGas, HFuel, HPac. It offers a range of services including construction, consulting, and other services. Its primary geographic markets are the United Kingdom, the Rest of Europe, Germany, and with maximum revenue from the United Kingdom.
76GF Score

Get the complete analysis for FRA:IJ8

Operating Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€1.27
Price
€2.18
GF Value