Natuzzi SpANTZ +1.05%34 Operating Margin % is -7.90% as of Dec. 2025. GuruFocus rates NTZ with a GF Score™ of 34/100 and a GF Value™ of $4.36 (Possible Value Trap). The stock has 4 warning signs investors should review. Among 433 Furnishings, Fixtures & Appliances companies, Natuzzi SpA ranks worse than 84.53% on this metric.
Operating Margin % is calculated as Operating Income divided by its Revenue. Natuzzi SpA's Operating Income for the
three
months ended in Dec. 2025 was $-7.2 Mil. Natuzzi SpA's Revenue for the
three
months ended in Dec. 2025 was $90.8 Mil. Therefore, Natuzzi SpA's Operating Margin % for the quarter that ended in Dec. 2025 was -7.90%.
The historical rank and industry rank for Natuzzi SpA's Operating Margin % or its related term are showing as below:
NTZ'
s Operating Margin % Range Over the Past 10 Years
Min: -6.4 Med: -2.77 Max: 1.9
Current: -5.96
NTZ's Operating Margin % is ranked worse than 84.53% of 433
companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 3.79
vs NTZ: -5.96
Natuzzi SpA's 5-Year Average Operating Margin % Growth Rate was 0.00% per year.
Natuzzi SpA's Operating Income for the
three
months ended in Dec. 2025 was $-7.2 Mil.
Its Operating Income for the trailing twelve months (TTM) ended in Dec. 2025 was $-21.0 Mil.
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.
Natuzzi SpA Operating Margin % Related Terms
Natuzzi SpA Operating Margin % Historical Data
* Premium members only.
The historical data trend for Natuzzi 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.
NTZ vs EFOI, SNBR, CRWS: Operating Margin % Comparison
For the Furnishings, Fixtures & Appliances subindustry, Natuzzi 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.
Natuzzi SpA Operating Margin % vs Furnishings, Fixtures & Appliances Industry
For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Natuzzi SpA's Operating Margin % distribution charts can be found below:
* The bar in red indicates where Natuzzi SpA'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.
Natuzzi SpA'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.
Natuzzi SpA (NTZ) has a Operating Margin % of -7.90% as of Dec. 2025. Operating margin is the ratio of total operating income to net sales. View historical data on Natuzzi SpA and its competitors. According to the industry distribution chart, Natuzzi SpA ranks #366 out of 433 companies in the Furnishings, Fixtures & Appliances industry, placing it in the top 84.5%.
Is Natuzzi SpA's Operating Margin % too high?
Natuzzi SpA's current Operating Margin % is -7.90%. Based on the distribution chart, Natuzzi SpA ranks #366 out of 433 companies in the Furnishings, Fixtures & Appliances industry, which is in the bottom quartile relative to peers. Overall, Natuzzi SpA has a GF Score™ of 34/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Natuzzi SpA's Operating Margin % compare to EFOI and SNBR?
According to the Furnishings, Fixtures & Appliances industry distribution chart, Natuzzi SpA ranks #366 out of 433 companies for Operating Margin %. This places Natuzzi SpA in the lower half of its industry. The industry median Operating Margin % is 3.79. 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 Furnishings, Fixtures & Appliances company?
The median Operating Margin % among Furnishings, Fixtures & Appliances companies is 3.79, based on 433 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 Natuzzi SpA and its competitors. For the Furnishings, Fixtures & Appliances industry, the median Operating Margin % is 3.79 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Natuzzi SpA's current Operating Margin % is -7.90%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Natuzzi SpA stock overvalued right now?
Based on GuruFocus' analysis, Natuzzi SpA (NTZ) is currently considered Possible Value Trap. The stock's GF Value™ is $4.36, compared to a current price of $1.92 — trading 56% below its estimated fair value. The current Operating Margin % is -7.90%. Natuzzi SpA's overall GF Score™ is 34/100 with 4 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 Natuzzi SpA (NTZ), the current Operating Margin % is -7.90% 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 Natuzzi SpA (NTZ) Overvalued in 2026?
Based on GuruFocus' analysis, Natuzzi SpA stock appears to be undervalued.
The current stock price of $1.92 is trading 56% below its estimated GF Value™ of $4.36.
GuruFocus considers Natuzzi SpA to be Possible Value Trap.
Key valuation signals for NTZ:
Operating Margin %: -7.90%
GF Value™: $4.36 vs. price of $1.92 (56% below fair value)
No single metric tells the full story. See the NTZ stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Natuzzi SpA is an Italian firm that designs, manufactures, and sells contemporary and traditional leather and fabric-upholstered furniture. Its product portfolio includes sofas, loveseats, armchairs, sectional furniture, motion furniture, sofa beds, living room furnishings, and accessories. The company markets its products under several brands such as Natuzzi Italia, Private Label, and Natuzzi Editions. The Group operates in two operating segments, the Natuzzi brand and Private label. The Natuzzi brand segment includes net sales from the Natuzzi Italia, Natuzzi Editions, and Divani&Divani by Natuzzi product lines. Geographically, it derives a majority of its revenue from the United States of America and also has an international presence in Italy, Spain, the UK, China, and Other countries.
34GF Score
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Operating Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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