MLLGF (Mullen Group) Operating Margin %: 10.82% (As of Jun. 2026) — 23% Above Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

MLLGF Mullen Group Ltd MLLGF
78 GF Score
Price $19.03
GF Value $11.48
Valuation Significantly Overvalued
! 9 Warning Signs
View Full Analysis

What is Mullen Group Operating Margin %?

Mullen Group MLLGF 78 Operating Margin % is 10.82% as of Jun. 2026, which is 23% above its 10-year median of 8.77. GuruFocus rates MLLGF with a GF Score™ of 78/100 and a GF Value™ of $11.48 (Significantly Overvalued). The stock has 9 warning signs investors should review. Among 1,004 Transportation companies, Mullen Group ranks better than 56.18% on this metric.

Operating Margin % is calculated as Operating Income divided by its Revenue. Mullen Group's Operating Income for the three months ended in Jun. 2026 was $47 Mil. Mullen Group's Revenue for the three months ended in Jun. 2026 was $434 Mil. Therefore, Mullen Group's Operating Margin % for the quarter that ended in Jun. 2026 was 10.82%.

Warning Sign:

Mullen Group Ltd operating margin has been in a 5-year decline. The average rate of decline per year is -1.6%.

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

MLLGF' s Operating Margin % Range Over the Past 10 Years
Min: 6.99   Med: 8.77   Max: 10.87
Current: 8.8


MLLGF's Operating Margin % is ranked better than
56.18% of 1004 companies
in the Transportation industry
Industry Median: 7.185 vs MLLGF: 8.80

Mullen Group's 5-Year Average Operating Margin % Growth Rate was -1.60% per year.

Mullen Group's Operating Income for the three months ended in Jun. 2026 was $47 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Jun. 2026 was $143 Mil.


Mullen Group  (OTCPK:MLLGF) 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.


Mullen Group Operating Margin % Related Terms


Mullen Group Operating Margin % Historical Data

* Premium members only.

The historical data trend for Mullen Group'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.

Mullen Group Operating Margin % Chart

Mullen Group Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Operating Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 8.28 10.87 10.64 10.12 7.93

Mullen Group Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Operating Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 7.60 10.58 6.53 6.95 10.82

MLLGF vs ODFL, XPO, KNX: Operating Margin % Comparison

For the Trucking subindustry, Mullen Group'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.


Mullen Group Operating Margin % vs Transportation Industry

For the Transportation industry and Industrials sector, Mullen Group's Operating Margin % distribution charts can be found below:

* The bar in red indicates where Mullen Group's Operating Margin % falls into.


MLLGF
78GF Score
Mullen Group Ltd MLLGF
Operating Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Mullen Group 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.

Mullen Group'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 )
=122.686 / 1546.678
=7.93 %

Mullen Group's Operating Margin % for the quarter that ended in Jun. 2026 is calculated as

Operating Margin %=Operating Income (Q: Jun. 2026 ) / Revenue (Q: Jun. 2026 )
=46.984 / 434.161
=10.82 %

* 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 10.82% mean?
Mullen Group (MLLGF) has a Operating Margin % of 10.82% as of Jun. 2026. Operating margin is the ratio of total operating income to net sales. View historical data on Mullen Group and its competitors. This is 23% above median its historical median of 8.77. Over the past decade, Mullen Group's Operating Margin % has ranged from 6.99 to 10.87. According to the industry distribution chart, Mullen Group ranks #440 out of 1004 companies in the Transportation industry, placing it in the top 43.8%.
Is Mullen Group's Operating Margin % too high?
Mullen Group's current Operating Margin % of 10.82% is 23% above median its 10-year median of 8.77. Over the past 10 years, this metric has ranged from a low of 6.99 to a high of 10.87. The Transportation industry median Operating Margin % is 7.19. Mullen Group's value of 10.82% is 50.6% above this industry median. Based on the distribution chart, Mullen Group ranks #440 out of 1004 companies in the Transportation industry, which is above the industry midpoint. Overall, Mullen Group has a GF Score™ of 78/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Mullen Group's Operating Margin % compare to ODFL and XPO?
According to the Transportation industry distribution chart, Mullen Group ranks #440 out of 1004 companies for Operating Margin %. This puts Mullen Group in the upper half of its industry. The industry median Operating Margin % is 7.19. Mullen Group's value of 10.82% is 50.6% above this benchmark. Historically, Mullen Group's own Operating Margin % has ranged from 6.99 to 10.87 over the past decade. While the company's 10-year median is 8.77 vs. the industry median of 7.19, Mullen Group 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 Transportation company?
The median Operating Margin % among Transportation companies is 7.19, based on 1,004 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. Mullen Group's current Operating Margin % of 10.82% is 50.6% 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 Mullen Group and its competitors. For the Transportation industry, the median Operating Margin % is 7.19 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mullen Group's current Operating Margin % is 10.82%, which is 23% above median its own 10-year median of 8.77. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mullen Group stock overvalued right now?
Based on GuruFocus' analysis, Mullen Group (MLLGF) is currently considered Significantly Overvalued. The stock's GF Value™ is $11.48, compared to a current price of $19.03 — trading 65.8% above its estimated fair value. The current Operating Margin % is 10.82%, which is 23% above median its 10-year median of 8.77 and 50.6% above the Transportation industry median of 7.19. Mullen Group's overall GF Score™ is 78/100 with 9 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 Mullen Group (MLLGF), the current Operating Margin % is 10.82% as of Jun. 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 Mullen Group (MLLGF) Overvalued in 2026?

Based on GuruFocus' analysis, Mullen Group stock appears to be overvalued. The current stock price of $19.03 is trading 65.8% above its estimated GF Value™ of $11.48. GuruFocus considers Mullen Group to be Significantly Overvalued.

Key valuation signals for MLLGF:

  • Operating Margin %: 10.82% (23% above median its 10-year median of 8.77)
  • GF Value™: $11.48 vs. price of $19.03 (65.8% above fair value)
  • GF Score™: 78/100 with 9 warning signs
  • Industry Position: 50.6% above the Transportation median (#440 of 1004)

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


Mullen Group Business Description

Other Exchanges 9MU:GermanyMTL:Canada
Address 121A 31 Southridge Drive, Okotoks, AB, CAN, T1S 2N3
Mullen Group Ltd is a logistics provider with a network of independently operated businesses providing a wide range of service offerings, including less-than-truckload, truckload, Specialized & Industrial Services, warehousing and logistics, U.S. and International Logistics, and Corporate. The segments of the company are Less-Than-Truckload, Logistics and Warehousing, Specialized and Industrial Services, U.S. and International Logistics, and Corporate segment. The company derives the majority of its revenue from the Less-Than-Truckload segment and geographical revenue from Canada. The company also provides a diverse set of specialized services related to the energy, mining, forestry, and construction industries in western Canada.
78GF Score

Get the complete analysis for MLLGF

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

$19.03
Price
$11.48
GF Value