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Wholesale Generation Co-2MIC:OGKB +9.39% Operating Margin % is 5.58% as of Mar. 2026, which is 62% below its 10-year median of 14.67. The stock has 5 warning signs investors should review. Among 419 Utilities - Independent Power Producers companies, Wholesale Generation Co-2 ranks worse than 76.37% on this metric.
The historical rank and industry rank for Wholesale Generation Co-2's Operating Margin % or its related term are showing as below:
MIC:OGKB'
s Operating Margin % Range Over the Past 10 Years
Min: -0.82 Med: 14.67 Max: 18.73
Current: -0.57
MIC:OGKB's Operating Margin % is ranked worse than 76.37% of 419
companies
in the Utilities - Independent Power Producers industry
Industry Median: 13.54
vs MIC:OGKB: -0.57
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.
Wholesale Generation Co-2 Operating Margin % Related Terms
Wholesale Generation Co-2 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.
MIC:OGKB vs CEG, VST, NRG: Operating Margin % Comparison
For the Utilities - Independent Power Producers subindustry, Wholesale Generation Co-2'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.
Wholesale Generation Co-2 Operating Margin % vs Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, Wholesale Generation Co-2's Operating Margin % distribution charts can be found below:
* The bar in red indicates where Wholesale Generation Co-2'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.
Wholesale Generation Co-2'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.
Wholesale Generation Co-2 (MIC:OGKB) has a Operating Margin % of 5.58% as of Mar. 2026. Operating margin is the ratio of total operating income to net sales. View historical data on Wholesale Generation Co-2 and its competitors. This is 62% below median its historical median of 14.67. According to the industry distribution chart, Wholesale Generation Co-2 ranks #320 out of 419 companies in the Utilities - Independent Power Producers industry, placing it in the top 76.4%.
Is Wholesale Generation Co-2's Operating Margin % too high?
Wholesale Generation Co-2's current Operating Margin % of 5.58% is 62% below median its 10-year median of 14.67. The Utilities - Independent Power Producers industry median Operating Margin % is 13.54. Wholesale Generation Co-2's value of 5.58% is 58.8% below this industry median. Based on the distribution chart, Wholesale Generation Co-2 ranks #320 out of 419 companies in the Utilities - Independent Power Producers industry, which is in the bottom quartile relative to peers.
How does Wholesale Generation Co-2's Operating Margin % compare to CEG and VST?
According to the Utilities - Independent Power Producers industry distribution chart, Wholesale Generation Co-2 ranks #320 out of 419 companies for Operating Margin %. This places Wholesale Generation Co-2 in the lower half of its industry. The industry median Operating Margin % is 13.54. Wholesale Generation Co-2's value of 5.58% is 58.8% below this benchmark. While the company's 10-year median is 14.67 vs. the industry median of 13.54, Wholesale Generation Co-2 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 an Utilities - Independent Power Producers company?
The median Operating Margin % among Utilities - Independent Power Producers companies is 13.54, based on 419 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. Wholesale Generation Co-2's current Operating Margin % of 5.58% is 58.8% 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 Wholesale Generation Co-2 and its competitors. For the Utilities - Independent Power Producers industry, the median Operating Margin % is 13.54 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Wholesale Generation Co-2's current Operating Margin % is 5.58%, which is 62% below median its own 10-year median of 14.67. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Wholesale Generation Co-2 stock overvalued right now?
Based on GuruFocus' analysis, Wholesale Generation Co-2 (MIC:OGKB) is currently considered Possible Value Trap. The stock's GF Value™ is ₽0.39, compared to a current price of ₽0.18 — trading 53.4% below its estimated fair value. The current Operating Margin % is 5.58%, which is 62% below median its 10-year median of 14.67 and 58.8% below the Utilities - Independent Power Producers industry median of 13.54. 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 Wholesale Generation Co-2 (MIC:OGKB), the current Operating Margin % is 5.58% 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.
Wholesale Generation Co-2, formerly OGK-2 JSC is a Russian company that is engaged in the business of generation and sale of electric and heat power. It mainly focuses on the production and sale of electricity and thermal energy in the wholesale market of electric energy (power). The company operates through power stations namely Kirishskaya GRES, Surgutskaya GRES-1, Novocherkasskaya GRES, Stavropolskaya GRES, Troitskaya GRES, Ryazanskaya GRES, Serovskaya among others.
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