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FS.COMHKSE:03355 -9.21%19 Operating Margin % is 28.89% as of Dec. 2025, which is 43% above its 10-year median of 20.15. GuruFocus rates HKSE:03355 with a GF Score™ of 19/100. The stock has 2 warning signs investors should review. Among 2,475 Hardware companies, FS.COM ranks better than 96.93% on this metric.
Operating Margin % is calculated as Operating Income divided by its Revenue. FS.COM's Operating Income for the
three
months ended in Dec. 2025 was HK$252.4 Mil. FS.COM's Revenue for the
three
months ended in Dec. 2025 was HK$873.8 Mil. Therefore, FS.COM's Operating Margin % for the quarter that ended in Dec. 2025 was 28.89%.
The historical rank and industry rank for FS.COM's Operating Margin % or its related term are showing as below:
HKSE:03355'
s Operating Margin % Range Over the Past 10 Years
Min: 18.03 Med: 20.15 Max: 28.89
Current: 28.89
HKSE:03355's Operating Margin % is ranked better than 96.93% of 2475
companies
in the Hardware industry
Industry Median: 3.84
vs HKSE:03355: 28.89
FS.COM's 5-Year Average Operating Margin % Growth Rate was 0.00% per year.
FS.COM's Operating Income for the
three
months ended in Dec. 2025 was HK$252.4 Mil.
Its Operating Income for the trailing twelve months (TTM) ended in Dec. 2025 was HK$252.4 Mil.
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.
FS.COM Operating Margin % Related Terms
FS.COM Operating Margin % Historical Data
* Premium members only.
The historical data trend for FS.COM'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.
FS.COM Operating Margin % Chart
FS.COM Annual Data
Trend
Dec22
Dec23
Dec24
Dec25
Operating Margin %
18.82
21.48
18.03
23.49
FS.COM Quarterly Data
Dec22
Dec23
Dec24
Sep25
Dec25
Operating Margin %
0.00
0.00
9.72
0.00
28.89
HKSE:03355 vs CSCO, MSI, HPE: Operating Margin % Comparison
For the Communication Equipment subindustry, FS.COM'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.
FS.COM Operating Margin % vs Hardware Industry
For the Hardware industry and Technology sector, FS.COM's Operating Margin % distribution charts can be found below:
* The bar in red indicates where FS.COM'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.
FS.COM'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.
FS.COM (HKSE:03355) has a Operating Margin % of 28.89% as of Dec. 2025. Operating margin is the ratio of total operating income to net sales. View historical data on FS.COM and its competitors. This is 43% above median its historical median of 20.15. Over the past decade, FS.COM's Operating Margin % has ranged from 18.03 to 28.89. According to the industry distribution chart, FS.COM ranks #76 out of 2475 companies in the Hardware industry, placing it in the top 3.1%.
Is FS.COM's Operating Margin % too high?
FS.COM's current Operating Margin % of 28.89% is 43% above median its 10-year median of 20.15. Over the past 10 years, this metric has ranged from a low of 18.03 to a high of 28.89. The Hardware industry median Operating Margin % is 3.84. FS.COM's value of 28.89% is 652.3% above this industry median. Based on the distribution chart, FS.COM ranks #76 out of 2475 companies in the Hardware industry, which is in the top quartile — a strong position relative to peers. Overall, FS.COM has a GF Score™ of 19/100, reflecting its overall financial health beyond just this single metric.
How does FS.COM's Operating Margin % compare to CSCO and MSI?
According to the Hardware industry distribution chart, FS.COM ranks #76 out of 2475 companies for Operating Margin %. This places FS.COM in the top 3% of its industry — outperforming the majority of peers. The industry median Operating Margin % is 3.84. FS.COM's value of 28.89% is 652.3% above this benchmark. Historically, FS.COM's own Operating Margin % has ranged from 18.03 to 28.89 over the past decade. While the company's 10-year median is 20.15 vs. the industry median of 3.84, FS.COM 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 Hardware company?
The median Operating Margin % among Hardware companies is 3.84, based on 2,475 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. FS.COM's current Operating Margin % of 28.89% is 652.3% 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 FS.COM and its competitors. For the Hardware industry, the median Operating Margin % is 3.84 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. FS.COM's current Operating Margin % is 28.89%, which is 43% above median its own 10-year median of 20.15. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is FS.COM stock overvalued right now?
FS.COM (HKSE:03355) has a current Operating Margin % of 28.89%. The current Operating Margin % is 28.89%, which is 43% above median its 10-year median of 20.15 and 652.3% above the Hardware industry median of 3.84. FS.COM's overall GF Score™ is 19/100 with 2 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 FS.COM (HKSE:03355), the current Operating Margin % is 28.89% 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.
FS.COM Ltd operates as a DTC networking solution provider, principally engaged in the sales of optical communication products. It operates through its online platform, FS.com. The company's offerings include networking equipment, networking operating systems, and cloud-based network management platforms used in applications such as high-performance computing, data centers, enterprise networks, and telecommunications, supporting businesses' digital infrastructure needs. The majority of revenue is derived from the provision of its General networking solutions and High-performance networking solutions. Geographically, the company generates the maximum revenue from the United States.
19GF Score
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