Bulls Girisim Sermayesi Yatirim Ortakligi AS (IST:BULGS) Operating Margin %: 33.92% (As of Mar. 2026) — 23% Above Median


IST:BULGS Bulls Girisim Sermayesi Yatirim Ortakligi AS IST:BULGS
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What is Bulls Girisim Sermayesi Yatirim Ortakligi AS Operating Margin %?

Bulls Girisim Sermayesi Yatirim Ortakligi AS IST:BULGS +0.70% 24 Operating Margin % is 33.92% as of Mar. 2026, which is 23% above its 10-year median of 27.50. GuruFocus rates IST:BULGS with a GF Score™ of 24/100. The stock has 3 warning signs investors should review. Among 667 Capital Markets companies, Bulls Girisim Sermayesi Yatirim Ortakligi AS ranks better than 68.07% on this metric.

Operating Margin % is calculated as Operating Income divided by its Revenue. Bulls Girisim Sermayesi Yatirim Ortakligi AS's Operating Income for the three months ended in Mar. 2026 was ₺103 Mil. Bulls Girisim Sermayesi Yatirim Ortakligi AS's Revenue for the three months ended in Mar. 2026 was ₺304 Mil. Therefore, Bulls Girisim Sermayesi Yatirim Ortakligi AS's Operating Margin % for the quarter that ended in Mar. 2026 was 33.92%.

The historical rank and industry rank for Bulls Girisim Sermayesi Yatirim Ortakligi AS's Operating Margin % or its related term are showing as below:

IST:BULGS' s Operating Margin % Range Over the Past 10 Years
Min: 6.05   Med: 27.5   Max: 68.49
Current: 28.57


IST:BULGS's Operating Margin % is ranked better than
68.07% of 667 companies
in the Capital Markets industry
Industry Median: 7.13 vs IST:BULGS: 28.57

Bulls Girisim Sermayesi Yatirim Ortakligi AS's 5-Year Average Operating Margin % Growth Rate was 0.00% per year.

Bulls Girisim Sermayesi Yatirim Ortakligi AS's Operating Income for the three months ended in Mar. 2026 was ₺103 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was ₺625 Mil.


Bulls Girisim Sermayesi Yatirim Ortakligi AS  (IST:BULGS) 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.


Bulls Girisim Sermayesi Yatirim Ortakligi AS Operating Margin % Related Terms


Bulls Girisim Sermayesi Yatirim Ortakligi AS Operating Margin % Historical Data

* Premium members only.

The historical data trend for Bulls Girisim Sermayesi Yatirim Ortakligi AS'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.

Bulls Girisim Sermayesi Yatirim Ortakligi AS Operating Margin % Chart

Bulls Girisim Sermayesi Yatirim Ortakligi AS Annual Data
Trend Dec21 Dec22 Dec23 Dec24 Dec25
Operating Margin %
8.14 6.05 40.12 68.49 27.50

Bulls Girisim Sermayesi Yatirim Ortakligi AS Quarterly Data
Dec21 Dec22 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Operating Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only 18.74 88.61 36.67 11.63 33.92

IST:BULGS vs MS, GS, SCHW: Operating Margin % Comparison

For the Capital Markets subindustry, Bulls Girisim Sermayesi Yatirim Ortakligi AS'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.


Bulls Girisim Sermayesi Yatirim Ortakligi AS Operating Margin % vs Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Bulls Girisim Sermayesi Yatirim Ortakligi AS's Operating Margin % distribution charts can be found below:

* The bar in red indicates where Bulls Girisim Sermayesi Yatirim Ortakligi AS's Operating Margin % falls into.


IST:BULGS
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Bulls Girisim Sermayesi Yatirim Ortakligi AS IST:BULGS
Operating Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
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Bulls Girisim Sermayesi Yatirim Ortakligi AS 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.

Bulls Girisim Sermayesi Yatirim Ortakligi AS's Operating Margin % for the fiscal year that ended in Dec. 2025 is calculated as

Operating Margin %=Operating Income (A: Dec. 2025 ) / Revenue (A: Dec. 2025 )
=545.029 / 1982.114
=27.50 %

Bulls Girisim Sermayesi Yatirim Ortakligi AS's Operating Margin % for the quarter that ended in Mar. 2026 is calculated as

Operating Margin %=Operating Income (Q: Mar. 2026 ) / Revenue (Q: Mar. 2026 )
=103.255 / 304.439
=33.92 %

* 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 33.92% mean?
Bulls Girisim Sermayesi Yatirim Ortakligi AS (IST:BULGS) has a Operating Margin % of 33.92% as of Mar. 2026. Operating margin is the ratio of total operating income to net sales. View historical data on Bulls Girisim Sermayesi Yatirim Ortakligi AS and its competitors. This is 23% above median its historical median of 27.50. Over the past decade, Bulls Girisim Sermayesi Yatirim Ortakligi AS's Operating Margin % has ranged from 6.05 to 68.49. According to the industry distribution chart, Bulls Girisim Sermayesi Yatirim Ortakligi AS ranks #213 out of 667 companies in the Capital Markets industry, placing it in the top 31.9%.
Is Bulls Girisim Sermayesi Yatirim Ortakligi AS's Operating Margin % too high?
Bulls Girisim Sermayesi Yatirim Ortakligi AS's current Operating Margin % of 33.92% is 23% above median its 10-year median of 27.50. Over the past 10 years, this metric has ranged from a low of 6.05 to a high of 68.49. The Capital Markets industry median Operating Margin % is 7.13. Bulls Girisim Sermayesi Yatirim Ortakligi AS's value of 33.92% is 375.7% above this industry median. Based on the distribution chart, Bulls Girisim Sermayesi Yatirim Ortakligi AS ranks #213 out of 667 companies in the Capital Markets industry, which is above the industry midpoint. Overall, Bulls Girisim Sermayesi Yatirim Ortakligi AS has a GF Score™ of 24/100, reflecting its overall financial health beyond just this single metric.
How does Bulls Girisim Sermayesi Yatirim Ortakligi AS's Operating Margin % compare to MS and GS?
According to the Capital Markets industry distribution chart, Bulls Girisim Sermayesi Yatirim Ortakligi AS ranks #213 out of 667 companies for Operating Margin %. This puts Bulls Girisim Sermayesi Yatirim Ortakligi AS in the upper half of its industry. The industry median Operating Margin % is 7.13. Bulls Girisim Sermayesi Yatirim Ortakligi AS's value of 33.92% is 375.7% above this benchmark. Historically, Bulls Girisim Sermayesi Yatirim Ortakligi AS's own Operating Margin % has ranged from 6.05 to 68.49 over the past decade. While the company's 10-year median is 27.50 vs. the industry median of 7.13, Bulls Girisim Sermayesi Yatirim Ortakligi AS 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 Capital Markets company?
The median Operating Margin % among Capital Markets companies is 7.13, based on 667 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. Bulls Girisim Sermayesi Yatirim Ortakligi AS's current Operating Margin % of 33.92% is 375.7% 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 Bulls Girisim Sermayesi Yatirim Ortakligi AS and its competitors. For the Capital Markets industry, the median Operating Margin % is 7.13 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Bulls Girisim Sermayesi Yatirim Ortakligi AS's current Operating Margin % is 33.92%, which is 23% above median its own 10-year median of 27.50. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bulls Girisim Sermayesi Yatirim Ortakligi AS stock overvalued right now?
Bulls Girisim Sermayesi Yatirim Ortakligi AS (IST:BULGS) has a current Operating Margin % of 33.92%. The current Operating Margin % is 33.92%, which is 23% above median its 10-year median of 27.50 and 375.7% above the Capital Markets industry median of 7.13. Bulls Girisim Sermayesi Yatirim Ortakligi AS's overall GF Score™ is 24/100 with 3 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 Bulls Girisim Sermayesi Yatirim Ortakligi AS (IST:BULGS), the current Operating Margin % is 33.92% 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.

Bulls Girisim Sermayesi Yatirim Ortakligi AS Business Description

Address Bambu Street No. 5, Besiktas, Levent District, Istanbul, TUR
Bulls Girisim Sermayesi Yatirim Ortakligi AS provides financial, managerial, and structuring support to growth-stage and medium-sized companies, and ensures that the initiative values will contribute to the Turkish economy with professional capital. The company closely follows opportunities to invest in different sectors with high growth potential, with its corporate knowledge and experience.
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