IRCIRCWF 37 Operating Margin % is 25.59% as of Dec. 2025, which is 394% above its 10-year median of 5.18. GuruFocus rates IRCWF with a GF Score™ of 37/100 and a GF Value™ of $0.13. The stock has 4 warning signs investors should review. Among 615 Steel companies, IRC ranks better than 88.62% on this metric.
Operating Margin % is calculated as Operating Income divided by its Revenue. IRC's Operating Income for the
six
months ended in Dec. 2025 was $34.6 Mil. IRC's Revenue for the
six
months ended in Dec. 2025 was $135.3 Mil. Therefore, IRC's Operating Margin % for the quarter that ended in Dec. 2025 was 25.59%.
The historical rank and industry rank for IRC's Operating Margin % or its related term are showing as below:
IRCWF'
s Operating Margin % Range Over the Past 10 Years
Min: -113.71 Med: 5.18 Max: 36.9
Current: 12.51
IRCWF's Operating Margin % is ranked better than 88.62% of 615
companies
in the Steel industry
Industry Median: 2.99
vs IRCWF: 12.51
IRC's 5-Year Average Operating Margin % Growth Rate was 0.00% per year.
IRC's Operating Income for the
six
months ended in Dec. 2025 was $34.6 Mil.
Its Operating Income for the trailing twelve months (TTM) ended in Dec. 2025 was $32.4 Mil.
IRC (OTCPK:IRCWF) 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.
IRC Operating Margin % Related Terms
IRC Operating Margin % Historical Data
* Premium members only.
The historical data trend for IRC'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.
IRCWF vs NUE, STLD, RS: Operating Margin % Comparison
For the Steel subindustry, IRC'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.
IRC Operating Margin % vs Steel Industry
For the Steel industry and Basic Materials sector, IRC's Operating Margin % distribution charts can be found below:
* The bar in red indicates where IRC'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.
IRC'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.
IRC (IRCWF) has a Operating Margin % of 25.59% as of Dec. 2025. Operating margin is the ratio of total operating income to net sales. View historical data on IRC and its competitors. This is 394% above median its historical median of 5.18. According to the industry distribution chart, IRC ranks #70 out of 615 companies in the Steel industry, placing it in the top 11.4%.
Is IRC's Operating Margin % too high?
IRC's current Operating Margin % of 25.59% is 394% above median its 10-year median of 5.18. The Steel industry median Operating Margin % is 2.99. IRC's value of 25.59% is 755.9% above this industry median. Based on the distribution chart, IRC ranks #70 out of 615 companies in the Steel industry, which is in the top quartile — a strong position relative to peers. Overall, IRC has a GF Score™ of 37/100, reflecting its overall financial health beyond just this single metric.
How does IRC's Operating Margin % compare to NUE and STLD?
According to the Steel industry distribution chart, IRC ranks #70 out of 615 companies for Operating Margin %. This places IRC in the top 11% of its industry — outperforming the majority of peers. The industry median Operating Margin % is 2.99. IRC's value of 25.59% is 755.9% above this benchmark. While the company's 10-year median is 5.18 vs. the industry median of 2.99, IRC 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 Steel company?
The median Operating Margin % among Steel companies is 2.99, based on 615 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. IRC's current Operating Margin % of 25.59% is 755.9% 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 IRC and its competitors. For the Steel industry, the median Operating Margin % is 2.99 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. IRC's current Operating Margin % is 25.59%, which is 394% above median its own 10-year median of 5.18. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is IRC stock overvalued right now?
IRC (IRCWF) has a current Operating Margin % of 25.59%. The stock's GF Value™ is $0.13, compared to a current price of $0.11 — trading 17.3% below its estimated fair value. The current Operating Margin % is 25.59%, which is 394% above median its 10-year median of 5.18 and 755.9% above the Steel industry median of 2.99. IRC's overall GF Score™ is 37/100 with 4 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 IRC (IRCWF), the current Operating Margin % is 25.59% 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.
Is IRC (IRCWF) Overvalued in 2026?
Based on GuruFocus' analysis, IRC stock appears to be undervalued.
The current stock price of $0.11 is trading 17.3% below its estimated GF Value™ of $0.13.
Key valuation signals for IRCWF:
Operating Margin %: 25.59% (394% above median its 10-year median of 5.18)
GF Value™: $0.13 vs. price of $0.11 (17.3% below fair value)
Industry Position: 755.9% above the Steel median (#70 of 615)
No single metric tells the full story. See the IRCWF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
IRC Ltd is engaged in the production and development of industrial commodity products, including iron ore concentrate. The main activities of the Group are carried out in Russia and the Group predominantly serves the Russian and Chinese markets. The company's segment includes: Mines in production, Mines in development, Engineering, and Other. The company generates the majority of its revenue from Mines in the production segment, which comprises an iron ore project in the production phase. This segment includes the K&S Project, which is located in the Russian Far East Region and started commercial production in January 2017. Geographically, the firm derives the majority of its revenue from the PRC.
37GF Score
Get the complete analysis for IRCWF
Operating Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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