AA Tech SpA (MIL:AAT) Operating Margin %: -24.67% (As of Dec. 2025)


MIL:AAT AA Tech SpA MIL:AAT
21 GF Score
Price €1.02
GF Value €4.02
Valuation Possible Value Trap
! 5 Warning Signs
View Full Analysis

What is AA Tech SpA Operating Margin %?

AA Tech SpA MIL:AAT +0.99% 21 Operating Margin % is -24.67% as of Dec. 2025. GuruFocus rates MIL:AAT with a GF Score™ of 21/100 and a GF Value™ of €4.02 (Possible Value Trap). The stock has 5 warning signs investors should review. Among 2,820 Software companies, AA Tech SpA ranks worse than 81.77% on this metric.

Operating Margin % is calculated as Operating Income divided by its Revenue. AA Tech SpA's Operating Income for the six months ended in Dec. 2025 was €-3.07 Mil. AA Tech SpA's Revenue for the six months ended in Dec. 2025 was €12.44 Mil. Therefore, AA Tech SpA's Operating Margin % for the quarter that ended in Dec. 2025 was -24.67%.

The historical rank and industry rank for AA Tech SpA's Operating Margin % or its related term are showing as below:

MIL:AAT' s Operating Margin % Range Over the Past 10 Years
Min: -29.86   Med: -14.15   Max: 13.61
Current: -29.86


MIL:AAT's Operating Margin % is ranked worse than
81.77% of 2820 companies
in the Software industry
Industry Median: 3.865 vs MIL:AAT: -29.86

AA Tech SpA's 5-Year Average Operating Margin % Growth Rate was 0.00% per year.

AA Tech SpA's Operating Income for the six months ended in Dec. 2025 was €-3.07 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Dec. 2025 was €-3.92 Mil.

Warning Sign:

AA Tech SpA had lost money in 67% of the time over the past 3quarters.


AA Tech SpA  (MIL:AAT) 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.


AA Tech SpA Operating Margin % Related Terms


AA Tech SpA Operating Margin % Historical Data

* Premium members only.

The historical data trend for AA Tech SpA'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.

AA Tech SpA Operating Margin % Chart

AA Tech SpA Annual Data
Trend Dec21 Dec22 Dec23 Dec24 Dec25
Operating Margin %
13.43 -14.15 -20.55 13.61 -29.86

AA Tech SpA Semi-Annual Data
Dec21 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Operating Margin % Get a 7-Day Free Trial 79.05 9.52 16.34 -124.23 -24.67

MIL:AAT vs MSFT, ORCL, PLTR: Operating Margin % Comparison

For the Software - Infrastructure subindustry, AA Tech SpA'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.


AA Tech SpA Operating Margin % vs Software Industry

For the Software industry and Technology sector, AA Tech SpA's Operating Margin % distribution charts can be found below:

* The bar in red indicates where AA Tech SpA's Operating Margin % falls into.


MIL:AAT
21GF Score
AA Tech SpA MIL:AAT
Operating Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

AA Tech SpA 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.

AA Tech SpA'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 )
=-3.918 / 13.122
=-29.86 %

AA Tech SpA's Operating Margin % for the quarter that ended in Dec. 2025 is calculated as

Operating Margin %=Operating Income (Q: Dec. 2025 ) / Revenue (Q: Dec. 2025 )
=-3.068 / 12.438
=-24.67 %

* 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 -24.67% mean?
AA Tech SpA (MIL:AAT) has a Operating Margin % of -24.67% as of Dec. 2025. Operating margin is the ratio of total operating income to net sales. View historical data on AA Tech SpA and its competitors. According to the industry distribution chart, AA Tech SpA ranks #2306 out of 2820 companies in the Software industry, placing it in the top 81.8%.
Is AA Tech SpA's Operating Margin % too high?
AA Tech SpA's current Operating Margin % is -24.67%. Based on the distribution chart, AA Tech SpA ranks #2306 out of 2820 companies in the Software industry, which is in the bottom quartile relative to peers. Overall, AA Tech SpA has a GF Score™ of 21/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does AA Tech SpA's Operating Margin % compare to MSFT and ORCL?
According to the Software industry distribution chart, AA Tech SpA ranks #2306 out of 2820 companies for Operating Margin %. This places AA Tech SpA in the lower half of its industry. The industry median Operating Margin % is 3.87. 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 Software company?
The median Operating Margin % among Software companies is 3.87, based on 2,820 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. 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 AA Tech SpA and its competitors. For the Software industry, the median Operating Margin % is 3.87 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. AA Tech SpA's current Operating Margin % is -24.67%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is AA Tech SpA stock overvalued right now?
Based on GuruFocus' analysis, AA Tech SpA (MIL:AAT) is currently considered Possible Value Trap. The stock's GF Value™ is €4.02, compared to a current price of €1.02 — trading 74.6% below its estimated fair value. The current Operating Margin % is -24.67%. AA Tech SpA's overall GF Score™ is 21/100 with 5 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 AA Tech SpA (MIL:AAT), the current Operating Margin % is -24.67% 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 AA Tech SpA (MIL:AAT) Overvalued in 2026?

Based on GuruFocus' analysis, AA Tech SpA stock appears to be undervalued. The current stock price of €1.02 is trading 74.6% below its estimated GF Value™ of €4.02. GuruFocus considers AA Tech SpA to be Possible Value Trap.

Key valuation signals for MIL:AAT:

  • Operating Margin %: -24.67%
  • GF Value™: €4.02 vs. price of €1.02 (74.6% below fair value)
  • GF Score™: 21/100 with 5 warning signs

No single metric tells the full story. See the MIL:AAT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


AA Tech SpA Business Description

Address Viale Carlo Espinasse 163, Milan, ITA, 20144
AA Tech SpA is a venture tech builder in the digital sector, with the constant aiming of identifying new technologies in the aforementioned sectors in Italy. In particular, the Company, through a process of continuous innovation, intends to seek solutions that create new opportunities for generating value, with the intention, after their creation and validation, of making these companies autonomous. One of its subsidiaries, Previon a Fintech company that provides open banking services for compulsory and complementary pension funds.
21GF Score

Get the complete analysis for MIL:AAT

Operating Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€1.02
Price
€4.02
GF Value