SPC PowerPHS:SPC 84 Operating Margin % is 37.35% as of Mar. 2026, which is 136% above its 10-year median of 15.82. GuruFocus rates PHS:SPC with a GF Score™ of 84/100 and a GF Value™ of ₱9.26 (Modestly Overvalued). The stock has 4 warning signs investors should review. Among 499 Utilities - Regulated companies, SPC Power ranks better than 97.6% on this metric.
Operating Margin % is calculated as Operating Income divided by its Revenue. SPC Power's Operating Income for the
three
months ended in Mar. 2026 was ₱157 Mil. SPC Power's Revenue for the
three
months ended in Mar. 2026 was ₱421 Mil. Therefore, SPC Power's Operating Margin % for the quarter that ended in Mar. 2026 was 37.35%.
Good Sign:
SPC Power Corp operating margin is expanding. Margin expansion is usually a good sign.
The historical rank and industry rank for SPC Power's Operating Margin % or its related term are showing as below:
PHS:SPC'
s Operating Margin % Range Over the Past 10 Years
Min: 9.58 Med: 15.82 Max: 58.12
Current: 54.61
PHS:SPC's Operating Margin % is ranked better than 97.6% of 499
companies
in the Utilities - Regulated industry
Industry Median: 14.97
vs PHS:SPC: 54.61
SPC Power's 5-Year Average Operating Margin % Growth Rate was 20.80% per year.
SPC Power's Operating Income for the
three
months ended in Mar. 2026 was ₱157 Mil.
Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was ₱1,661 Mil.
SPC Power (PHS:SPC) 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.
SPC Power Operating Margin % Related Terms
SPC Power Operating Margin % Historical Data
* Premium members only.
The historical data trend for SPC Power'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.
PHS:SPC vs NEE, SO, DUK: Operating Margin % Comparison
For the Utilities - Regulated Electric subindustry, SPC Power'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.
SPC Power Operating Margin % vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, SPC Power's Operating Margin % distribution charts can be found below:
* The bar in red indicates where SPC Power'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.
SPC Power'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.
SPC Power (PHS:SPC) has a Operating Margin % of 37.35% as of Mar. 2026. Operating margin is the ratio of total operating income to net sales. View historical data on SPC Power and its competitors. This is 136% above median its historical median of 15.82. Over the past decade, SPC Power's Operating Margin % has ranged from 9.58 to 58.12. According to the industry distribution chart, SPC Power ranks #12 out of 499 companies in the Utilities - Regulated industry, placing it in the top 2.4%.
Is SPC Power's Operating Margin % too high?
SPC Power's current Operating Margin % of 37.35% is 136% above median its 10-year median of 15.82. Over the past 10 years, this metric has ranged from a low of 9.58 to a high of 58.12. The Utilities - Regulated industry median Operating Margin % is 14.97. SPC Power's value of 37.35% is 149.5% above this industry median. Based on the distribution chart, SPC Power ranks #12 out of 499 companies in the Utilities - Regulated industry, which is in the top quartile — a strong position relative to peers. Overall, SPC Power has a GF Score™ of 84/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does SPC Power's Operating Margin % compare to NEE and SO?
According to the Utilities - Regulated industry distribution chart, SPC Power ranks #12 out of 499 companies for Operating Margin %. This places SPC Power in the top 2% of its industry — outperforming the majority of peers. The industry median Operating Margin % is 14.97. SPC Power's value of 37.35% is 149.5% above this benchmark. Historically, SPC Power's own Operating Margin % has ranged from 9.58 to 58.12 over the past decade. While the company's 10-year median is 15.82 vs. the industry median of 14.97, SPC Power 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 an Utilities - Regulated company?
The median Operating Margin % among Utilities - Regulated companies is 14.97, based on 499 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. SPC Power's current Operating Margin % of 37.35% is 149.5% 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 SPC Power and its competitors. For the Utilities - Regulated industry, the median Operating Margin % is 14.97 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. SPC Power's current Operating Margin % is 37.35%, which is 136% above median its own 10-year median of 15.82. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SPC Power stock overvalued right now?
Based on GuruFocus' analysis, SPC Power (PHS:SPC) is currently considered Modestly Overvalued. The stock's GF Value™ is ₱9.26, compared to a current price of ₱10.80 — trading 16.6% above its estimated fair value. The current Operating Margin % is 37.35%, which is 136% above median its 10-year median of 15.82 and 149.5% above the Utilities - Regulated industry median of 14.97. SPC Power's overall GF Score™ is 84/100 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 SPC Power (PHS:SPC), the current Operating Margin % is 37.35% 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 SPC Power (PHS:SPC) Overvalued in 2026?
Based on GuruFocus' analysis, SPC Power stock appears to be overvalued.
The current stock price of ₱10.80 is trading 16.6% above its estimated GF Value™ of ₱9.26.
GuruFocus considers SPC Power to be Modestly Overvalued.
Key valuation signals for PHS:SPC:
Operating Margin %: 37.35% (136% above median its 10-year median of 15.82)
GF Value™: ₱9.26 vs. price of ₱10.80 (16.6% above fair value)
Industry Position: 149.5% above the Utilities - Regulated median (#12 of 499)
No single metric tells the full story. See the PHS:SPC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
SPC Power Corp is managed through two segments: Generation segment which includes generation and supply of power and ancillary services to NPC/PSALM, NGCP, distribution utilities, WESM, and other customers, and Others which includes the operations of SECL, SLCI, CNPC and SMPC such as to manage, operate and invest in power generating plants and related facilities. The majority of revenue is generated from generation segment. It operates and generates revenue principally only in the Philippines.
84GF Score
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