Nano LabsNA -1.12%41 Operating Margin % is -369.30% as of Dec. 2025. GuruFocus rates NA with a GF Score™ of 41/100 and a GF Value™ of $0.89 (Significantly Overvalued). The stock has 10 warning signs investors should review. Among 1,023 Semiconductors companies, Nano Labs ranks worse than 97.95% on this metric.
Operating Margin % is calculated as Operating Income divided by its Revenue. Nano Labs's Operating Income for the
six
months ended in Dec. 2025 was $-9.82 Mil. Nano Labs's Revenue for the
six
months ended in Dec. 2025 was $2.66 Mil. Therefore, Nano Labs's Operating Margin % for the quarter that ended in Dec. 2025 was -369.30%.
The historical rank and industry rank for Nano Labs's Operating Margin % or its related term are showing as below:
NA'
s Operating Margin % Range Over the Past 10 Years
Min: -1736.92 Med: -364.89 Max: 2.1
Current: -396.46
NA's Operating Margin % is ranked worse than 97.95% of 1023
companies
in the Semiconductors industry
Industry Median: 5.24
vs NA: -396.46
Nano Labs's 5-Year Average Operating Margin % Growth Rate was 0.00% per year.
Nano Labs's Operating Income for the
six
months ended in Dec. 2025 was $-9.82 Mil.
Its Operating Income for the trailing twelve months (TTM) ended in Dec. 2025 was $-15.11 Mil.
Warning Sign:
Nano Labs Ltd has never been profitable in the past 3 years. It lost money every year.
Nano Labs (NAS:NA) 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.
Nano Labs Operating Margin % Related Terms
Nano Labs Operating Margin % Historical Data
* Premium members only.
The historical data trend for Nano Labs'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.
NA vs SQNS, PXLW, PRKR: Operating Margin % Comparison
For the Semiconductors subindustry, Nano Labs'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.
Nano Labs Operating Margin % vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Nano Labs's Operating Margin % distribution charts can be found below:
* The bar in red indicates where Nano Labs'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.
Nano Labs'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.
Nano Labs (NA) has a Operating Margin % of -369.30% as of Dec. 2025. Operating margin is the ratio of total operating income to net sales. View historical data on Nano Labs and its competitors. According to the industry distribution chart, Nano Labs ranks #1002 out of 1023 companies in the Semiconductors industry, placing it in the top 97.9%.
Is Nano Labs' Operating Margin % too high?
Nano Labs' current Operating Margin % is -369.30%. Based on the distribution chart, Nano Labs ranks #1002 out of 1023 companies in the Semiconductors industry, which is in the bottom quartile relative to peers. Overall, Nano Labs has a GF Score™ of 41/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Nano Labs' Operating Margin % compare to SQNS and PXLW?
According to the Semiconductors industry distribution chart, Nano Labs ranks #1002 out of 1023 companies for Operating Margin %. This places Nano Labs in the lower half of its industry. The industry median Operating Margin % is 5.24. 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 Semiconductors company?
The median Operating Margin % among Semiconductors companies is 5.24, based on 1,023 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 Nano Labs and its competitors. For the Semiconductors industry, the median Operating Margin % is 5.24 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nano Labs's current Operating Margin % is -369.30%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nano Labs stock overvalued right now?
Based on GuruFocus' analysis, Nano Labs (NA) is currently considered Significantly Overvalued. The stock's GF Value™ is $0.89, compared to a current price of $1.77 — trading 98.9% above its estimated fair value. The current Operating Margin % is -369.30%. Nano Labs' overall GF Score™ is 41/100 with 10 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 Nano Labs (NA), the current Operating Margin % is -369.30% 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 Nano Labs (NA) Overvalued in 2026?
Based on GuruFocus' analysis, Nano Labs stock appears to be overvalued.
The current stock price of $1.77 is trading 98.9% above its estimated GF Value™ of $0.89.
GuruFocus considers Nano Labs to be Significantly Overvalued.
Key valuation signals for NA:
Operating Margin %: -369.30%
GF Value™: $0.89 vs. price of $1.77 (98.9% above fair value)
No single metric tells the full story. See the NA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nano Labs Ltd is a Web 3.0 infrastructure and product solution provider, as well as a crypto treasury company. It is focused on the development of HTC chips and HPC chips. In addition, the company has established BNB value investment and adopted BNB (a crypto token) as the primary reserve asset. Furthermore, it has launched the iPollo Claw, a dedicated hardware solution for the OpenClaw AI Agent Ecosystem. Nano Labs derives revenue mainly from its HTC and HPC offerings, which comprise Darkbird series HPC chips that feature high performance and high energy consumption efficiency, and Cuckoo series chips, used in GPUs. Geographically, the company generates maximum revenue from the People's Republic of China (PRC), and the rest from Singapore, Hong Kong, the United States, and other markets.
41GF Score
Get the complete analysis for NA
Operating Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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