Hochtief AGHOCFF -3.38%71 Operating Margin % is 3.90% as of Mar. 2026, which is 81% above its 10-year median of 2.15. GuruFocus rates HOCFF with a GF Score™ of 71/100 and a GF Value™ of $182.84 (Significantly Overvalued). The stock has 8 warning signs investors should review. Among 1,767 Construction companies, Hochtief AG ranks worse than 68.87% on this metric.
Operating Margin % is calculated as Operating Income divided by its Revenue. Hochtief AG's Operating Income for the
three
months ended in Mar. 2026 was $423 Mil. Hochtief AG's Revenue for the
three
months ended in Mar. 2026 was $10,860 Mil. Therefore, Hochtief AG's Operating Margin % for the quarter that ended in Mar. 2026 was 3.90%.
The historical rank and industry rank for Hochtief AG's Operating Margin % or its related term are showing as below:
HOCFF'
s Operating Margin % Range Over the Past 10 Years
Min: -2.73 Med: 2.15 Max: 3.46
Current: 2.57
HOCFF's Operating Margin % is ranked worse than 68.87% of 1767
companies
in the Construction industry
Industry Median: 5.89
vs HOCFF: 2.57
Hochtief AG's 5-Year Average Operating Margin % Growth Rate was 0.00% per year.
Hochtief AG's Operating Income for the
three
months ended in Mar. 2026 was $423 Mil.
Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was $1,154 Mil.
Warning Sign:
Hochtief AG has recorded a loss in operating income at least once over the past 3 years.
Hochtief AG (OTCPK:HOCFF) 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.
Hochtief AG Operating Margin % Related Terms
Hochtief AG Operating Margin % Historical Data
* Premium members only.
The historical data trend for Hochtief 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.
HOCFF vs PWR, FIX, EME: Operating Margin % Comparison
For the Engineering & Construction subindustry, Hochtief 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.
Hochtief AG Operating Margin % vs Construction Industry
For the Construction industry and Industrials sector, Hochtief AG's Operating Margin % distribution charts can be found below:
* The bar in red indicates where Hochtief 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.
Hochtief 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.
Hochtief AG (HOCFF) has a Operating Margin % of 3.90% as of Mar. 2026. Operating margin is the ratio of total operating income to net sales. View historical data on Hochtief AG and its competitors. This is 81% above median its historical median of 2.15. According to the industry distribution chart, Hochtief AG ranks #1217 out of 1767 companies in the Construction industry, placing it in the top 68.9%.
Is Hochtief AG's Operating Margin % too high?
Hochtief AG's current Operating Margin % of 3.90% is 81% above median its 10-year median of 2.15. The Construction industry median Operating Margin % is 5.89. Hochtief AG's value of 3.90% is 33.8% below this industry median. Based on the distribution chart, Hochtief AG ranks #1217 out of 1767 companies in the Construction industry, which is below the industry midpoint. Overall, Hochtief AG has a GF Score™ of 71/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Hochtief AG's Operating Margin % compare to PWR and FIX?
According to the Construction industry distribution chart, Hochtief AG ranks #1217 out of 1767 companies for Operating Margin %. This places Hochtief AG in the lower half of its industry. The industry median Operating Margin % is 5.89. Hochtief AG's value of 3.90% is 33.8% below this benchmark. While the company's 10-year median is 2.15 vs. the industry median of 5.89, Hochtief AG has consistently been below 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 Construction company?
The median Operating Margin % among Construction companies is 5.89, based on 1,767 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. Hochtief AG's current Operating Margin % of 3.90% is 33.8% below 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 Hochtief AG and its competitors. For the Construction industry, the median Operating Margin % is 5.89 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hochtief AG's current Operating Margin % is 3.90%, which is 81% above median its own 10-year median of 2.15. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hochtief AG stock overvalued right now?
Based on GuruFocus' analysis, Hochtief AG (HOCFF) is currently considered Significantly Overvalued. The stock's GF Value™ is $182.84, compared to a current price of $565.38 — trading 209.2% above its estimated fair value. The current Operating Margin % is 3.90%, which is 81% above median its 10-year median of 2.15 and 33.8% below the Construction industry median of 5.89. Hochtief AG's overall GF Score™ is 71/100 with 8 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 Hochtief AG (HOCFF), the current Operating Margin % is 3.90% 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 Hochtief AG (HOCFF) Overvalued in 2026?
Based on GuruFocus' analysis, Hochtief AG stock appears to be overvalued.
The current stock price of $565.38 is trading 209.2% above its estimated GF Value™ of $182.84.
GuruFocus considers Hochtief AG to be Significantly Overvalued.
Key valuation signals for HOCFF:
Operating Margin %: 3.90% (81% above median its 10-year median of 2.15)
GF Value™: $182.84 vs. price of $565.38 (209.2% above fair value)
Industry Position: 33.8% below the Construction median (#1217 of 1767)
No single metric tells the full story. See the HOCFF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Hochtief AG develops and constructs building and infrastructure projects. It works on complex projects in transportation, energy, urban infrastructure, and mining markets. It expands transportation networks with roads, bridges, and tunnels, or designs and constructs office buildings, hospitals, and power plants. The company leans on expertise and technical know-how in developing, financing, building, and operating in designated business areas. Also, it will partner with external groups to work on specific components of a project. Its regional divisions are Americas, Asia Pacific, and Europe. The Americas and the Asia Pacific account for the majority of sales and are where the company's assets are located.
71GF Score
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