GitLab (STU:8K2) Operating Margin %: -5.96% (As of Apr. 2026)


STU:8K2 GitLab Inc STU:8K2
53 GF Score
Price €24.79
GF Value €67.07
Valuation Significantly Undervalued
! 1 Warning Sign
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What is GitLab Operating Margin %?

GitLab STU:8K2 +4.40% 53 Operating Margin % is -5.96% as of Apr. 2026. GuruFocus rates STU:8K2 with a GF Score™ of 53/100 and a GF Value™ of €67.07 (Significantly Undervalued). The stock has 1 warning sign investors should review. Among 2,818 Software companies, GitLab ranks worse than 68.35% on this metric.

Operating Margin % is calculated as Operating Income divided by its Revenue. GitLab's Operating Income for the three months ended in Apr. 2026 was €-13.5 Mil. GitLab's Revenue for the three months ended in Apr. 2026 was €225.9 Mil. Therefore, GitLab's Operating Margin % for the quarter that ended in Apr. 2026 was -5.96%.

Good Sign:

GitLab Inc operating margin is expanding. Margin expansion is usually a good sign.

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

STU:8K2' s Operating Margin % Range Over the Past 10 Years
Min: -158.03   Med: -49.82   Max: -5.14
Current: -5.14


STU:8K2's Operating Margin % is ranked worse than
68.35% of 2818 companies
in the Software industry
Industry Median: 3.865 vs STU:8K2: -5.14

GitLab's 5-Year Average Operating Margin % Growth Rate was 40.50% per year.

GitLab's Operating Income for the three months ended in Apr. 2026 was €-13.5 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Apr. 2026 was €-44.2 Mil.


GitLab  (STU:8K2) 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.


GitLab Operating Margin % Related Terms


GitLab Operating Margin % Historical Data

* Premium members only.

The historical data trend for GitLab'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.

GitLab Operating Margin % Chart

GitLab Annual Data
Trend Jan20 Jan21 Jan22 Jan23 Jan24 Jan25 Jan26
Operating Margin %
Get a 7-Day Free Trial -51.04 -49.82 -32.32 -18.80 -7.38

GitLab Quarterly Data
Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25 Apr25 Jul25 Oct25 Jan26 Apr26
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 -16.13 -7.78 -5.06 -1.98 -5.96

STU:8K2 vs BLSH, WEX, NTSK: Operating Margin % Comparison

For the Software - Infrastructure subindustry, GitLab'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.


GitLab Operating Margin % vs Software Industry

For the Software industry and Technology sector, GitLab's Operating Margin % distribution charts can be found below:

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


STU:8K2
53GF Score
GitLab Inc STU:8K2
Operating Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

GitLab 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.

GitLab's Operating Margin % for the fiscal year that ended in Jan. 2026 is calculated as

Operating Margin %=Operating Income (A: Jan. 2026 ) / Revenue (A: Jan. 2026 )
=-59.979 / 812.896
=-7.38 %

GitLab's Operating Margin % for the quarter that ended in Apr. 2026 is calculated as

Operating Margin %=Operating Income (Q: Apr. 2026 ) / Revenue (Q: Apr. 2026 )
=-13.465 / 225.855
=-5.96 %

* 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 -5.96% mean?
GitLab (STU:8K2) has a Operating Margin % of -5.96% as of Apr. 2026. Operating margin is the ratio of total operating income to net sales. View historical data on GitLab and its competitors. According to the industry distribution chart, GitLab ranks #1926 out of 2818 companies in the Software industry, placing it in the top 68.3%.
Is GitLab's Operating Margin % too high?
GitLab's current Operating Margin % is -5.96%. Based on the distribution chart, GitLab ranks #1926 out of 2818 companies in the Software industry, which is below the industry midpoint. Overall, GitLab has a GF Score™ of 53/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does GitLab's Operating Margin % compare to BLSH and WEX?
According to the Software industry distribution chart, GitLab ranks #1926 out of 2818 companies for Operating Margin %. This places GitLab in the lower half of its industry. The industry median Operating Margin % is 3.87. 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 Software company?
The median Operating Margin % among Software companies is 3.87, based on 2,818 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 GitLab and its competitors. For the Software industry, the median Operating Margin % is 3.87 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. GitLab's current Operating Margin % is -5.96%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is GitLab stock overvalued right now?
Based on GuruFocus' analysis, GitLab (STU:8K2) is currently considered Significantly Undervalued. The stock's GF Value™ is €67.07, compared to a current price of €24.79 — trading 63% below its estimated fair value. The current Operating Margin % is -5.96%. GitLab's overall GF Score™ is 53/100 with 1 warning sign 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 GitLab (STU:8K2), the current Operating Margin % is -5.96% as of Apr. 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 GitLab (STU:8K2) Overvalued in 2026?

Based on GuruFocus' analysis, GitLab stock appears to be undervalued. The current stock price of €24.79 is trading 63% below its estimated GF Value™ of €67.07. GuruFocus considers GitLab to be Significantly Undervalued.

Key valuation signals for STU:8K2:

  • Operating Margin %: -5.96%
  • GF Value™: €67.07 vs. price of €24.79 (63% below fair value)
  • GF Score™: 53/100 with 1 warning sign

No single metric tells the full story. See the STU:8K2 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


GitLab Business Description

Address 268 Bush Street, Suite 350, San Francisco, CA, USA, 94104-3503
GitLab Inc operates on an all-remote model. GitLab is a complete DevSecOps platform delivered as a single application. It operates in two competitive landscapes: DevOps point solutions and DevOps platforms. In terms of point solutions that are stitched together, GitLab's offering is substantially different in that it is one platform, one codebase, one interface, and a unified data model that spans the entire DevSecOps lifecycle. DevOps platforms, the principal competitor is Microsoft Corporation, following their acquisition of GitHub. GitLab is offered on both self-managed and software-as-a-service (SaaS) models. It is located in the United States, Europe, & the Asia Pacific. It focused on accelerating innovation & broadening the distribution of its platform to companies across the world.
53GF Score

Get the complete analysis for STU:8K2

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

€24.79
Price
€67.07
GF Value