Hexagon ABSTU:HXG -2.56%84 Operating Margin % is 24.14% as of Mar. 2026, which is 1% below its 10-year median of 24.32. GuruFocus rates STU:HXG with a GF Score™ of 84/100 and a GF Value™ of €7.25 (Fairly Valued). The stock has 5 warning signs investors should review. Among 2,472 Hardware companies, Hexagon AB ranks better than 89.4% on this metric.
Operating Margin % is calculated as Operating Income divided by its Revenue. Hexagon AB's Operating Income for the
three
months ended in Mar. 2026 was €233 Mil. Hexagon AB's Revenue for the
three
months ended in Mar. 2026 was €964 Mil. Therefore, Hexagon AB's Operating Margin % for the quarter that ended in Mar. 2026 was 24.14%.
Warning Sign:
Hexagon AB operating margin has been in a 5-year decline. The average rate of decline per year is -4.6%.
The historical rank and industry rank for Hexagon AB's Operating Margin % or its related term are showing as below:
STU:HXG'
s Operating Margin % Range Over the Past 10 Years
Min: 17.52 Med: 24.32 Max: 27.53
Current: 17.52
STU:HXG's Operating Margin % is ranked better than 89.4% of 2472
companies
in the Hardware industry
Industry Median: 3.8
vs STU:HXG: 17.52
Hexagon AB's 5-Year Average Operating Margin % Growth Rate was -4.60% per year.
Hexagon AB's Operating Income for the
three
months ended in Mar. 2026 was €233 Mil.
Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was €890 Mil.
Hexagon AB (STU:HXG) 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.
Hexagon AB Operating Margin % Related Terms
Hexagon AB Operating Margin % Historical Data
* Premium members only.
The historical data trend for Hexagon AB'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.
STU:HXG vs COHR, KEYS, GRMN: Operating Margin % Comparison
For the Scientific & Technical Instruments subindustry, Hexagon AB'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.
Hexagon AB Operating Margin % vs Hardware Industry
For the Hardware industry and Technology sector, Hexagon AB's Operating Margin % distribution charts can be found below:
* The bar in red indicates where Hexagon AB'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.
Hexagon AB'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.
Hexagon AB (STU:HXG) has a Operating Margin % of 24.14% as of Mar. 2026. Operating margin is the ratio of total operating income to net sales. View historical data on Hexagon AB and its competitors. This is near median its historical median of 24.32. Over the past decade, Hexagon AB's Operating Margin % has ranged from 17.52 to 27.53. According to the industry distribution chart, Hexagon AB ranks #262 out of 2472 companies in the Hardware industry, placing it in the top 10.6%.
Is Hexagon AB's Operating Margin % too high?
Hexagon AB's current Operating Margin % of 24.14% is near median its 10-year median of 24.32. Over the past 10 years, this metric has ranged from a low of 17.52 to a high of 27.53. The Hardware industry median Operating Margin % is 3.80. Hexagon AB's value of 24.14% is 535.3% above this industry median. Based on the distribution chart, Hexagon AB ranks #262 out of 2472 companies in the Hardware industry, which is in the top quartile — a strong position relative to peers. Overall, Hexagon AB has a GF Score™ of 84/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Hexagon AB's Operating Margin % compare to COHR and KEYS?
According to the Hardware industry distribution chart, Hexagon AB ranks #262 out of 2472 companies for Operating Margin %. This places Hexagon AB in the top 11% of its industry — outperforming the majority of peers. The industry median Operating Margin % is 3.80. Hexagon AB's value of 24.14% is 535.3% above this benchmark. Historically, Hexagon AB's own Operating Margin % has ranged from 17.52 to 27.53 over the past decade. While the company's 10-year median is 24.32 vs. the industry median of 3.80, Hexagon AB 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 a Hardware company?
The median Operating Margin % among Hardware companies is 3.80, based on 2,472 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. Hexagon AB's current Operating Margin % of 24.14% is 535.3% 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 Hexagon AB and its competitors. For the Hardware industry, the median Operating Margin % is 3.80 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hexagon AB's current Operating Margin % is 24.14%, which is near median its own 10-year median of 24.32. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hexagon AB stock overvalued right now?
Based on GuruFocus' analysis, Hexagon AB (STU:HXG) is currently considered Fairly Valued. The stock's GF Value™ is €7.25, compared to a current price of €7.24 — trading 0.2% below its estimated fair value. The current Operating Margin % is 24.14%, which is near median its 10-year median of 24.32 and 535.3% above the Hardware industry median of 3.80. Hexagon AB's overall GF Score™ is 84/100 with 5 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 Hexagon AB (STU:HXG), the current Operating Margin % is 24.14% 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 Hexagon AB (STU:HXG) Overvalued in 2026?
Based on GuruFocus' analysis, Hexagon AB stock appears to be undervalued.
The current stock price of €7.24 is trading 0.2% below its estimated GF Value™ of €7.25.
GuruFocus considers Hexagon AB to be Fairly Valued.
Key valuation signals for STU:HXG:
Operating Margin %: 24.14% (near median its 10-year median of 24.32)
GF Value™: €7.25 vs. price of €7.24 (0.2% below fair value)
Industry Position: 535.3% above the Hardware median (#262 of 2472)
No single metric tells the full story. See the STU:HXG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Hexagon is the global leader in digital reality solutions, combining hardware such as sensors and measuring devices, software, and services. Customers are mainly in heavy industry, such as oil and gas, mining, construction, manufacturing, chemicals, and agriculture. Major products include measuring technology, mapping tools, and software. Around 40% of revenue is generated in the Americas, 35% in Europe, the Middle East, and Africa, and the rest in Asia.
84GF Score
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