Path2 Hydrogen AGFRA:PTHH 23 Operating Margin % is -2,511.44% as of Dec. 2025. GuruFocus rates FRA:PTHH with a GF Score™ of 23/100. The stock has 5 warning signs investors should review. Among 498 Utilities - Regulated companies, Path2 Hydrogen AG ranks worse than 100% on this metric.
The historical rank and industry rank for Path2 Hydrogen AG's Operating Margin % or its related term are showing as below:
FRA:PTHH'
s Operating Margin % Range Over the Past 10 Years
Min: -2930.16 Med: -1900.89 Max: -244.68
Current: -2585.79
FRA:PTHH's Operating Margin % is ranked worse than 100% of 498
companies
in the Utilities - Regulated industry
Industry Median: 14.945
vs FRA:PTHH: -2585.79
Path2 Hydrogen AG's 5-Year Average Operating Margin % Growth Rate was 0.00% per year.
Path2 Hydrogen AG has never been profitable in the past 3 years. It lost money every year.
Path2 Hydrogen AG (FRA:PTHH) 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 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.
Path2 Hydrogen AG Operating Margin % Related Terms
Path2 Hydrogen AG Operating Margin % Historical Data
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The historical data trend for Path2 Hydrogen AG'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:PTHH vs ATO, NI, UGI: Operating Margin % Comparison
For the Utilities - Regulated Gas subindustry, Path2 Hydrogen AG'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.
Path2 Hydrogen AG Operating Margin % vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Path2 Hydrogen AG's Operating Margin % distribution charts can be found below:
* The bar in red indicates where Path2 Hydrogen AG'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.
Path2 Hydrogen AG'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.
What does a Operating Margin % of -2,511.44% mean?
Path2 Hydrogen AG (FRA:PTHH) has a Operating Margin % of -2,511.44% as of Dec. 2025. Operating margin is the ratio of total operating income to net sales. View historical data on Path2 Hydrogen AG and its competitors. According to the industry distribution chart, Path2 Hydrogen AG ranks #498 out of 498 companies in the Utilities - Regulated industry.
Is Path2 Hydrogen AG's Operating Margin % too high?
Path2 Hydrogen AG's current Operating Margin % is -2,511.44%. Based on the distribution chart, Path2 Hydrogen AG ranks #498 out of 498 companies in the Utilities - Regulated industry, which is in the bottom quartile relative to peers. Overall, Path2 Hydrogen AG has a GF Score™ of 23/100, reflecting its overall financial health beyond just this single metric.
How does Path2 Hydrogen AG's Operating Margin % compare to ATO and NI?
According to the Utilities - Regulated industry distribution chart, Path2 Hydrogen AG ranks #498 out of 498 companies for Operating Margin %. This places Path2 Hydrogen AG in the lower half of its industry. The industry median Operating Margin % is 14.95. 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 - Regulated company?
The median Operating Margin % among Utilities - Regulated companies is 14.95, based on 498 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 Path2 Hydrogen AG and its competitors. For the Utilities - Regulated industry, the median Operating Margin % is 14.95 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Path2 Hydrogen AG's current Operating Margin % is -2,511.44%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Path2 Hydrogen AG stock overvalued right now?
Path2 Hydrogen AG (FRA:PTHH) has a current Operating Margin % of -2,511.44%. The current Operating Margin % is -2,511.44%. Path2 Hydrogen AG's overall GF Score™ is 23/100 with 5 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 Path2 Hydrogen AG (FRA:PTHH), the current Operating Margin % is -2,511.44% as of Dec. 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.
Path2 Hydrogen AG is focused on advancing the hydrogen infrastructure economy. It involves in liquefaction, transfer and storage of hydrogen and equipment.
23GF Score
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