BlackBerry (STU:RI1) Operating Margin %: 15.26% (As of Feb. 2026)


STU:RI1 BlackBerry Ltd STU:RI1
60 GF Score
Price €7.74
GF Value €3.09
Valuation Significantly Overvalued
! 5 Warning Signs
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What is BlackBerry Operating Margin %?

BlackBerry STU:RI1 +0.52% 60 Operating Margin % is 15.26% as of Feb. 2026. GuruFocus rates STU:RI1 with a GF Score™ of 60/100 and a GF Value™ of €3.09 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 2,818 Software companies, BlackBerry ranks better than 67.49% on this metric.

Operating Margin % is calculated as Operating Income divided by its Revenue. BlackBerry's Operating Income for the three months ended in Feb. 2026 was €20.1 Mil. BlackBerry's Revenue for the three months ended in Feb. 2026 was €132.0 Mil. Therefore, BlackBerry's Operating Margin % for the quarter that ended in Feb. 2026 was 15.26%.

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

STU:RI1' s Operating Margin % Range Over the Past 10 Years
Min: -32.7   Med: -12.1   Max: 9.18
Current: 9.15


STU:RI1's Operating Margin % is ranked better than
67.49% of 2818 companies
in the Software industry
Industry Median: 3.875 vs STU:RI1: 9.15

BlackBerry's 5-Year Average Operating Margin % Growth Rate was 0.00% per year.

BlackBerry's Operating Income for the three months ended in Feb. 2026 was €20.1 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Feb. 2026 was €43.1 Mil.


BlackBerry  (STU:RI1) 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.


BlackBerry Operating Margin % Related Terms


BlackBerry Operating Margin % Historical Data

* Premium members only.

The historical data trend for BlackBerry'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.

BlackBerry Operating Margin % Chart

BlackBerry Annual Data
Trend Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23 Feb24 Feb25 Feb26
Operating Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -29.81 -13.22 6.01 2.45 9.18

BlackBerry Quarterly Data
May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24 Feb25 May25 Aug25 Nov25 Feb26
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 -0.28 1.73 9.26 8.81 15.26

STU:RI1 vs MSFT, ORCL, PLTR: Operating Margin % Comparison

For the Software - Infrastructure subindustry, BlackBerry'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.


BlackBerry Operating Margin % vs Software Industry

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

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


STU:RI1
60GF Score
BlackBerry Ltd STU:RI1
Operating Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
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BlackBerry 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.

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

Operating Margin %=Operating Income (A: Feb. 2026 ) / Revenue (A: Feb. 2026 )
=42.638 / 464.539
=9.18 %

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

Operating Margin %=Operating Income (Q: Feb. 2026 ) / Revenue (Q: Feb. 2026 )
=20.135 / 131.976
=15.26 %

* 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 15.26% mean?
BlackBerry (STU:RI1) has a Operating Margin % of 15.26% as of Feb. 2026. Operating margin is the ratio of total operating income to net sales. View historical data on BlackBerry and its competitors. According to the industry distribution chart, BlackBerry ranks #916 out of 2818 companies in the Software industry, placing it in the top 32.5%.
Is BlackBerry's Operating Margin % too high?
BlackBerry's current Operating Margin % is 15.26%. The Software industry median Operating Margin % is 3.88. BlackBerry's value of 15.26% is 293.8% above this industry median. Based on the distribution chart, BlackBerry ranks #916 out of 2818 companies in the Software industry, which is above the industry midpoint. Overall, BlackBerry has a GF Score™ of 60/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does BlackBerry's Operating Margin % compare to MSFT and ORCL?
According to the Software industry distribution chart, BlackBerry ranks #916 out of 2818 companies for Operating Margin %. This puts BlackBerry in the upper half of its industry. The industry median Operating Margin % is 3.88. BlackBerry's value of 15.26% is 293.8% above this benchmark. 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 3.88, 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. BlackBerry's current Operating Margin % of 15.26% is 293.8% 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 BlackBerry and its competitors. For the Software industry, the median Operating Margin % is 3.88 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. BlackBerry's current Operating Margin % is 15.26%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is BlackBerry stock overvalued right now?
Based on GuruFocus' analysis, BlackBerry (STU:RI1) is currently considered Significantly Overvalued. The stock's GF Value™ is €3.09, compared to a current price of €7.74 — trading 150.3% above its estimated fair value. The current Operating Margin % is 15.26% and 293.8% above the Software industry median of 3.88. BlackBerry's overall GF Score™ is 60/100 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 BlackBerry (STU:RI1), the current Operating Margin % is 15.26% as of Feb. 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 BlackBerry (STU:RI1) Overvalued in 2026?

Based on GuruFocus' analysis, BlackBerry stock appears to be overvalued. The current stock price of €7.74 is trading 150.3% above its estimated GF Value™ of €3.09. GuruFocus considers BlackBerry to be Significantly Overvalued.

Key valuation signals for STU:RI1:

  • Operating Margin %: 15.26%
  • GF Value™: €3.09 vs. price of €7.74 (150.3% above fair value)
  • GF Score™: 60/100 with 5 warning signs
  • Industry Position: 293.8% above the Software median (#916 of 2818)

No single metric tells the full story. See the STU:RI1 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


BlackBerry Business Description

Address 2200 University Avenue East, Waterloo, ON, CAN, N2K 0A7
BlackBerry, once known for being the world's largest smartphone manufacturer, is now exclusively a software provider with a stated goal of end-to-end secure communications for enterprises. The firm provides endpoint management and other secure communications software to enterprises, specializing in regulated industries like government and financial institutions. BlackBerry also has a sizable embedded software business primarily serving the automotive market, with some exposure to the industrial market.
60GF Score

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

€7.74
Price
€3.09
GF Value