Orion PropertiesONL -4.17%68 Operating Margin % is 9.29% as of Mar. 2026, which is 30% below its 10-year median of 13.30. GuruFocus rates ONL with a GF Score™ of 68/100 and a GF Value™ of $2.80 (Fairly Valued). The stock has 12 warning signs investors should review. Among 750 REITs companies, Orion Properties ranks worse than 93.73% on this metric.
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.
Orion Properties Operating Margin % Related Terms
Orion Properties Operating Margin % Historical Data
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The historical data trend for Orion Properties'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.
ONL vs NLOP, FSP, CMCT: Operating Margin % Comparison
For the REIT - Office subindustry, Orion Properties'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.
Orion Properties Operating Margin % vs REITs Industry
For the REITs industry and Real Estate sector, Orion Properties's Operating Margin % distribution charts can be found below:
* The bar in red indicates where Orion Properties'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.
Orion Properties'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.
Orion Properties (ONL) has a Operating Margin % of 9.29% as of Mar. 2026. Operating margin is the ratio of total operating income to net sales. View historical data on Orion Properties and its competitors. This is 30% below median its historical median of 13.30. According to the industry distribution chart, Orion Properties ranks #703 out of 750 companies in the REITs industry, placing it in the top 93.7%.
Is Orion Properties' Operating Margin % too high?
Orion Properties' current Operating Margin % of 9.29% is 30% below median its 10-year median of 13.30. The REITs industry median Operating Margin % is 52.67. Orion Properties' value of 9.29% is 82.4% below this industry median. Based on the distribution chart, Orion Properties ranks #703 out of 750 companies in the REITs industry, which is in the bottom quartile relative to peers. Overall, Orion Properties has a GF Score™ of 68/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Orion Properties' Operating Margin % compare to NLOP and FSP?
According to the REITs industry distribution chart, Orion Properties ranks #703 out of 750 companies for Operating Margin %. This places Orion Properties in the lower half of its industry. The industry median Operating Margin % is 52.67. Orion Properties' value of 9.29% is 82.4% below this benchmark. While the company's 10-year median is 13.30 vs. the industry median of 52.67, Orion Properties 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 a REITs company?
The median Operating Margin % among REITs companies is 52.67, based on 750 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. Orion Properties's current Operating Margin % of 9.29% is 82.4% 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 Orion Properties and its competitors. For the REITs industry, the median Operating Margin % is 52.67 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Orion Properties's current Operating Margin % is 9.29%, which is 30% below median its own 10-year median of 13.30. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Orion Properties stock overvalued right now?
Based on GuruFocus' analysis, Orion Properties (ONL) is currently considered Fairly Valued. The stock's GF Value™ is $2.80, compared to a current price of $2.65 — trading 5.5% below its estimated fair value. The current Operating Margin % is 9.29%, which is 30% below median its 10-year median of 13.30 and 82.4% below the REITs industry median of 52.67. Orion Properties' overall GF Score™ is 68/100 with 12 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 Orion Properties (ONL), the current Operating Margin % is 9.29% 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.
Is Orion Properties (ONL) Overvalued in 2026?
Based on GuruFocus' analysis, Orion Properties stock appears to be undervalued.
The current stock price of $2.65 is trading 5.5% below its estimated GF Value™ of $2.80.
GuruFocus considers Orion Properties to be Fairly Valued.
Key valuation signals for ONL:
Operating Margin %: 9.29% (30% below median its 10-year median of 13.30)
GF Value™: $2.80 vs. price of $2.65 (5.5% below fair value)
Industry Position: 82.4% below the REITs median (#703 of 750)
No single metric tells the full story. See the ONL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Orion Properties Inc is an internally managed real estate investment trust engaged in the ownership, acquisition, and management of a diversified portfolio of office properties located in high-quality suburban markets across the United States and leased mainly on a single-tenant net lease basis to creditworthy tenants. Its portfolio is comprised of traditional office properties, as well as governmental, medical office, flex/laboratory, and R&D and flex/industrial properties. The company is focused on shifting its portfolio concentration over time away from traditional office properties, towards more dedicated use assets with specialized uses that include an office component. It operates in one business segment: commercial real estate.
68GF Score
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