CascadesTSX:CAS +1.55%61 Operating Margin % is 98.76% as of Mar. 2026, which is 1749% above its 10-year median of 5.34. GuruFocus rates TSX:CAS with a GF Score™ of 61/100 and a GF Value™ of C$221.00 (Possible Value Trap). The stock has 1 warning sign investors should review. Among 393 Packaging & Containers companies, Cascades ranks better than 99.49% on this metric.
Operating Margin % is calculated as Operating Income divided by its Revenue. Cascades's Operating Income for the
three
months ended in Mar. 2026 was C$89,998 Mil. Cascades's Revenue for the
three
months ended in Mar. 2026 was C$91,125 Mil. Therefore, Cascades's Operating Margin % for the quarter that ended in Mar. 2026 was 98.76%.
Good Sign:
Cascades Inc operating margin is expanding. Margin expansion is usually a good sign.
The historical rank and industry rank for Cascades's Operating Margin % or its related term are showing as below:
TSX:CAS'
s Operating Margin % Range Over the Past 10 Years
Min: 3.22 Med: 5.34 Max: 95.24
Current: 95.24
TSX:CAS's Operating Margin % is ranked better than 99.49% of 393
companies
in the Packaging & Containers industry
Industry Median: 5.24
vs TSX:CAS: 95.24
Cascades's 5-Year Average Operating Margin % Growth Rate was 1.80% per year.
Cascades's Operating Income for the
three
months ended in Mar. 2026 was C$89,998 Mil.
Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was C$90,241 Mil.
Cascades (TSX:CAS) 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.
Cascades Operating Margin % Related Terms
Cascades Operating Margin % Historical Data
* Premium members only.
The historical data trend for Cascades'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.
TSX:CAS vs SW, PKG, AMCR: Operating Margin % Comparison
For the Packaging & Containers subindustry, Cascades'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.
Cascades Operating Margin % vs Packaging & Containers Industry
For the Packaging & Containers industry and Consumer Cyclical sector, Cascades's Operating Margin % distribution charts can be found below:
* The bar in red indicates where Cascades'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.
Cascades'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.
Cascades (TSX:CAS) has a Operating Margin % of 98.76% as of Mar. 2026. Operating margin is the ratio of total operating income to net sales. View historical data on Cascades and its competitors. This is 1749% above median its historical median of 5.34. Over the past decade, Cascades' Operating Margin % has ranged from 3.22 to 95.24. According to the industry distribution chart, Cascades ranks #2 out of 393 companies in the Packaging & Containers industry, placing it in the top 0.5%.
Is Cascades' Operating Margin % too high?
Cascades' current Operating Margin % of 98.76% is 1749% above median its 10-year median of 5.34. Over the past 10 years, this metric has ranged from a low of 3.22 to a high of 95.24. The Packaging & Containers industry median Operating Margin % is 5.24. Cascades' value of 98.76% is 1784.7% above this industry median. Based on the distribution chart, Cascades ranks #2 out of 393 companies in the Packaging & Containers industry, which is in the top quartile — a strong position relative to peers. Overall, Cascades has a GF Score™ of 61/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Cascades' Operating Margin % compare to SW and PKG?
According to the Packaging & Containers industry distribution chart, Cascades ranks #2 out of 393 companies for Operating Margin %. This places Cascades in the top 1% of its industry — outperforming the majority of peers. The industry median Operating Margin % is 5.24. Cascades' value of 98.76% is 1784.7% above this benchmark. Historically, Cascades' own Operating Margin % has ranged from 3.22 to 95.24 over the past decade. While the company's 10-year median is 5.34 vs. the industry median of 5.24, Cascades 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 Packaging & Containers company?
The median Operating Margin % among Packaging & Containers companies is 5.24, based on 393 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. Cascades's current Operating Margin % of 98.76% is 1784.7% 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 Cascades and its competitors. For the Packaging & Containers industry, the median Operating Margin % is 5.24 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Cascades's current Operating Margin % is 98.76%, which is 1749% above median its own 10-year median of 5.34. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Cascades stock overvalued right now?
Based on GuruFocus' analysis, Cascades (TSX:CAS) is currently considered Possible Value Trap. The stock's GF Value™ is C$221.00, compared to a current price of C$11.81 — trading 94.7% below its estimated fair value. The current Operating Margin % is 98.76%, which is 1749% above median its 10-year median of 5.34 and 1784.7% above the Packaging & Containers industry median of 5.24. Cascades' overall GF Score™ is 61/100 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 Cascades (TSX:CAS), the current Operating Margin % is 98.76% 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 Cascades (TSX:CAS) Overvalued in 2026?
Based on GuruFocus' analysis, Cascades stock appears to be undervalued.
The current stock price of C$11.81 is trading 94.7% below its estimated GF Value™ of C$221.00.
GuruFocus considers Cascades to be Possible Value Trap.
Key valuation signals for TSX:CAS:
Operating Margin %: 98.76% (1749% above median its 10-year median of 5.34)
GF Value™: C$221.00 vs. price of C$11.81 (94.7% below fair value)
Industry Position: 1784.7% above the Packaging & Containers median (#2 of 393)
No single metric tells the full story. See the TSX:CAS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Cascades Inc is a paper and packaging company that produces, converts, and sells packaging and tissue products composed predominantly of recycled fibres. Its customer base includes food processing companies, the maintenance industry, the accommodations and housing industry, micro-businesses, and boutiques. The products are marketed through brands such as Cascades Fresh, Cascades Protect, Cascades IMGN, Cascades PRO, and Cascades Fluff & Tuff, among others. The company is organized into two main business segments: Packaging Products and Tissue Papers. A majority of its revenue is generated from the Packaging Product segment. Geographically, the company generates the majority of its revenue from the operations located in Canada.
61GF Score
Get the complete analysis for TSX:CAS
Operating Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
TSX:CAS has been successfully added to your 
