GSIW (Garden Stage) Operating Margin %: -198.01% (As of Sep. 2025)


GSIW Garden Stage Ltd GSIW
12 GF Score
Price $28.53
! 1 Warning Sign
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What is Garden Stage Operating Margin %?

Garden Stage GSIW +1.60% 12 Operating Margin % is -198.01% as of Sep. 2025. GuruFocus rates GSIW with a GF Score™ of 12/100. The stock has 1 warning sign investors should review. Among 664 Capital Markets companies, Garden Stage ranks worse than 88.4% on this metric.

Operating Margin % is calculated as Operating Income divided by its Revenue. Garden Stage's Operating Income for the six months ended in Sep. 2025 was $-6.57 Mil. Garden Stage's Revenue for the six months ended in Sep. 2025 was $3.32 Mil. Therefore, Garden Stage's Operating Margin % for the quarter that ended in Sep. 2025 was -198.01%.

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

GSIW' s Operating Margin % Range Over the Past 10 Years
Min: -338.46   Med: -25.6   Max: -6.43
Current: -94.25


GSIW's Operating Margin % is ranked worse than
88.4% of 664 companies
in the Capital Markets industry
Industry Median: 6.955 vs GSIW: -94.25

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

Garden Stage's Operating Income for the six months ended in Sep. 2025 was $-6.57 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Sep. 2025 was $-7.59 Mil.


Garden Stage  (NAS:GSIW) 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.


Garden Stage Operating Margin % Related Terms


Garden Stage Operating Margin % Historical Data

* Premium members only.

The historical data trend for Garden Stage'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.

Garden Stage Operating Margin % Chart

Garden Stage Annual Data
Trend Mar21 Mar22 Mar23 Mar24 Mar25
Operating Margin %
-6.43 -25.60 -8.17 -338.46 -79.99

Garden Stage Semi-Annual Data
Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25
Operating Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only -105.52 -603.29 -495.05 -21.56 -198.01

GSIW vs BGDE, HGBL, MDBH: Operating Margin % Comparison

For the Capital Markets subindustry, Garden Stage'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.


Garden Stage Operating Margin % vs Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Garden Stage's Operating Margin % distribution charts can be found below:

* The bar in red indicates where Garden Stage's Operating Margin % falls into.


GSIW
12GF Score
Garden Stage Ltd GSIW
Operating Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
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Garden Stage 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.

Garden Stage's Operating Margin % for the fiscal year that ended in Mar. 2025 is calculated as

Operating Margin %=Operating Income (A: Mar. 2025 ) / Revenue (A: Mar. 2025 )
=-4.322 / 5.403
=-79.99 %

Garden Stage's Operating Margin % for the quarter that ended in Sep. 2025 is calculated as

Operating Margin %=Operating Income (Q: Sep. 2025 ) / Revenue (Q: Sep. 2025 )
=-6.57 / 3.318
=-198.01 %

* 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 -198.01% mean?
Garden Stage (GSIW) has a Operating Margin % of -198.01% as of Sep. 2025. Operating margin is the ratio of total operating income to net sales. View historical data on Garden Stage and its competitors. According to the industry distribution chart, Garden Stage ranks #587 out of 664 companies in the Capital Markets industry, placing it in the top 88.4%.
Is Garden Stage's Operating Margin % too high?
Garden Stage's current Operating Margin % is -198.01%. Based on the distribution chart, Garden Stage ranks #587 out of 664 companies in the Capital Markets industry, which is in the bottom quartile relative to peers. Overall, Garden Stage has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does Garden Stage's Operating Margin % compare to BGDE and HGBL?
According to the Capital Markets industry distribution chart, Garden Stage ranks #587 out of 664 companies for Operating Margin %. This places Garden Stage in the lower half of its industry. The industry median Operating Margin % is 6.96. 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 Capital Markets company?
The median Operating Margin % among Capital Markets companies is 6.96, based on 664 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 Garden Stage and its competitors. For the Capital Markets industry, the median Operating Margin % is 6.96 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Garden Stage's current Operating Margin % is -198.01%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Garden Stage stock overvalued right now?
Garden Stage (GSIW) has a current Operating Margin % of -198.01%. The current Operating Margin % is -198.01%. Garden Stage's overall GF Score™ is 12/100 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 Garden Stage (GSIW), the current Operating Margin % is -198.01% as of Sep. 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.

Garden Stage Business Description

Address 141 Des Voeux Road Central, 30th Floor, China Insurance Group Building, Central, Hong Kong, HKG
Garden Stage Ltd is a Hong Kong-based financial services provider principally engaged in the provision of placing and underwriting services; securities dealing and brokerage services; and asset management services. Its business is carried out through its wholly owned Operating Subsidiaries: I Win Securities, which is licensed to conduct Type 1 (dealing in securities) regulated activities under the SFO in Hong Kong; and I Win Asset Management, which is licensed to conduct Type 4 (advising on securities) and Type 9 (asset management) regulated activities under the SFO in Hong Kong.
12GF Score

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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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