Topsports International Holdings Ltd operating margin has been in a 5-year decline. The average rate of decline per year is -12.3%.
The historical rank and industry rank for Topsports International Holdings's Operating Margin % or its related term are showing as below:
MEX:6110N'
s Operating Margin % Range Over the Past 10 Years
Min: 5.91 Med: 9.42 Max: 11.08
Current: 5.91
MEX:6110N's Operating Margin % is ranked better than 62.41% of 1128
companies
in the Retail - Cyclical industry
Industry Median: 3.905
vs MEX:6110N: 5.91
Topsports International Holdings (MEX:6110N) 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.
Topsports International Holdings Operating Margin % Related Terms
Topsports International Holdings Operating Margin % Historical Data
* 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.
Topsports International Holdings Operating Margin % Chart
MEX:6110N vs TJX, ROST, BURL: Operating Margin % Comparison
For the Apparel Retail subindustry, Topsports International Holdings'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.
Topsports International Holdings Operating Margin % vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Topsports International Holdings's Operating Margin % distribution charts can be found below:
* The bar in red indicates where Topsports International Holdings's Operating Margin % falls into.
Topsports International Holdings 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.
* 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.
Topsports International Holdings (MEX:6110N) has a Operating Margin % of 4.95% as of Feb. 2026. Operating margin is the ratio of total operating income to net sales. View historical data on Topsports International Holdings and its competitors. This is 47% below median its historical median of 9.42. Over the past decade, Topsports International Holdings' Operating Margin % has ranged from 5.91 to 11.08. According to the industry distribution chart, Topsports International Holdings ranks #424 out of 1128 companies in the Retail - Cyclical industry, placing it in the top 37.6%.
Is Topsports International Holdings' Operating Margin % too high?
Topsports International Holdings' current Operating Margin % of 4.95% is 47% below median its 10-year median of 9.42. Over the past 10 years, this metric has ranged from a low of 5.91 to a high of 11.08. The Retail - Cyclical industry median Operating Margin % is 3.91. Topsports International Holdings' value of 4.95% is 26.8% above this industry median. Based on the distribution chart, Topsports International Holdings ranks #424 out of 1128 companies in the Retail - Cyclical industry, which is above the industry midpoint. Overall, Topsports International Holdings has a GF Score™ of 84/100, reflecting its overall financial health beyond just this single metric.
How does Topsports International Holdings' Operating Margin % compare to TJX and ROST?
According to the Retail - Cyclical industry distribution chart, Topsports International Holdings ranks #424 out of 1128 companies for Operating Margin %. This puts Topsports International Holdings in the upper half of its industry. The industry median Operating Margin % is 3.91. Topsports International Holdings' value of 4.95% is 26.8% above this benchmark. Historically, Topsports International Holdings' own Operating Margin % has ranged from 5.91 to 11.08 over the past decade. While the company's 10-year median is 9.42 vs. the industry median of 3.91, Topsports International Holdings 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 Retail - Cyclical company?
The median Operating Margin % among Retail - Cyclical companies is 3.91, based on 1,128 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. Topsports International Holdings's current Operating Margin % of 4.95% is 26.8% 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 Topsports International Holdings and its competitors. For the Retail - Cyclical industry, the median Operating Margin % is 3.91 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Topsports International Holdings's current Operating Margin % is 4.95%, which is 47% below median its own 10-year median of 9.42. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Topsports International Holdings stock overvalued right now?
Topsports International Holdings (MEX:6110N) has a current Operating Margin % of 4.95%. The stock's GF Value™ is MXN15.03, compared to a current price of MXN11.75 — trading 21.8% below its estimated fair value. The current Operating Margin % is 4.95%, which is 47% below median its 10-year median of 9.42 and 26.8% above the Retail - Cyclical industry median of 3.91. Topsports International Holdings' overall GF Score™ is 84/100 with 6 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 Topsports International Holdings (MEX:6110N), the current Operating Margin % is 4.95% as of Feb. 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 Topsports International Holdings (MEX:6110N) Overvalued in 2026?
Based on GuruFocus' analysis, Topsports International Holdings stock appears to be undervalued.
The current stock price of MXN11.75 is trading 21.8% below its estimated GF Value™ of MXN15.03.
Key valuation signals for MEX:6110N:
Operating Margin %: 4.95% (47% below median its 10-year median of 9.42)
GF Value™: MXN15.03 vs. price of MXN11.75 (21.8% below fair value)
Industry Position: 26.8% above the Retail - Cyclical median (#424 of 1128)
No single metric tells the full story. See the MEX:6110N stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Topsports International Holdings Business Description
Topsports is the largest sportswear retailer in China, generating the majority of its revenue from selling products of international sportswear brands. The business operates as an intermediary between brand owners and consumers. The firm operates more than 4,000 stores directly as of the end of fiscal 2026, and most of these single-brand stores have been opened under the names of sportswear brands that it partners with, such as Nike and Adidas. Topsports also has partnerships with sportswear brands such as Puma, Li-Ning, Asics, and The North Face. While most of Topsports' sales take place in stores, the firm also operates online shops under the Topsports brand on major e-commerce platforms such as Alibaba and JD.com.
84GF Score
Get the complete analysis for MEX:6110N
Operating Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
MEX:6110N has been successfully added to your 
