D2L (TSX:DTOL) Operating Margin %: 5.26% (As of Apr. 2026)


TSX:DTOL D2L Inc TSX:DTOL
69 GF Score
Price C$9.91
GF Value C$13.75
Valuation Modestly Undervalued
! 5 Warning Signs
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What is D2L Operating Margin %?

D2L TSX:DTOL +2.16% 69 Operating Margin % is 5.26% as of Apr. 2026. GuruFocus rates TSX:DTOL with a GF Score™ of 69/100 and a GF Value™ of C$13.75 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 2,818 Software companies, D2L ranks better than 54.79% on this metric.

Operating Margin % is calculated as Operating Income divided by its Revenue. D2L's Operating Income for the three months ended in Apr. 2026 was C$4.1 Mil. D2L's Revenue for the three months ended in Apr. 2026 was C$78.6 Mil. Therefore, D2L's Operating Margin % for the quarter that ended in Apr. 2026 was 5.26%.

The historical rank and industry rank for D2L's Operating Margin % or its related term are showing as below:

TSX:DTOL' s Operating Margin % Range Over the Past 10 Years
Min: -49.19   Med: -2.87   Max: 5.77
Current: 5.44


TSX:DTOL's Operating Margin % is ranked better than
54.79% of 2818 companies
in the Software industry
Industry Median: 3.865 vs TSX:DTOL: 5.44

D2L's 5-Year Average Operating Margin % Growth Rate was 0.00% per year.

D2L's Operating Income for the three months ended in Apr. 2026 was C$4.1 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Apr. 2026 was C$16.6 Mil.


D2L  (TSX:DTOL) 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.


D2L Operating Margin % Related Terms


D2L Operating Margin % Historical Data

* Premium members only.

The historical data trend for D2L'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.

D2L Operating Margin % Chart

D2L Annual Data
Trend Jan19 Jan20 Jan21 Jan22 Jan23 Jan24 Jan25 Jan26
Operating Margin %
Get a 7-Day Free Trial -49.19 -9.46 -3.90 3.02 5.77

D2L 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 6.65 3.91 6.65 5.93 5.26

TSX:DTOL vs CRM, SHOP, UBER: Operating Margin % Comparison

For the Software - Application subindustry, D2L'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.


D2L Operating Margin % vs Software Industry

For the Software industry and Technology sector, D2L's Operating Margin % distribution charts can be found below:

* The bar in red indicates where D2L's Operating Margin % falls into.


TSX:DTOL
69GF Score
D2L Inc TSX:DTOL
Operating Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
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D2L 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.

D2L'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 )
=17.289 / 299.479
=5.77 %

D2L'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 )
=4.134 / 78.577
=5.26 %

* 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 5.26% mean?
D2L (TSX:DTOL) has a Operating Margin % of 5.26% as of Apr. 2026. Operating margin is the ratio of total operating income to net sales. View historical data on D2L and its competitors. According to the industry distribution chart, D2L ranks #1274 out of 2818 companies in the Software industry, placing it in the top 45.2%.
Is D2L's Operating Margin % too high?
D2L's current Operating Margin % is 5.26%. The Software industry median Operating Margin % is 3.87. D2L's value of 5.26% is 36.1% above this industry median. Based on the distribution chart, D2L ranks #1274 out of 2818 companies in the Software industry, which is above the industry midpoint. Overall, D2L has a GF Score™ of 69/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does D2L's Operating Margin % compare to CRM and SHOP?
According to the Software industry distribution chart, D2L ranks #1274 out of 2818 companies for Operating Margin %. This puts D2L in the upper half of its industry. The industry median Operating Margin % is 3.87. D2L's value of 5.26% is 36.1% 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 3.87, 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. D2L's current Operating Margin % of 5.26% is 36.1% 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 D2L 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. D2L's current Operating Margin % is 5.26%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is D2L stock overvalued right now?
Based on GuruFocus' analysis, D2L (TSX:DTOL) is currently considered Modestly Undervalued. The stock's GF Value™ is C$13.75, compared to a current price of C$9.91 — trading 27.9% below its estimated fair value. The current Operating Margin % is 5.26% and 36.1% above the Software industry median of 3.87. D2L's overall GF Score™ is 69/100 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 D2L (TSX:DTOL), the current Operating Margin % is 5.26% 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 D2L (TSX:DTOL) Overvalued in 2026?

Based on GuruFocus' analysis, D2L stock appears to be undervalued. The current stock price of C$9.91 is trading 27.9% below its estimated GF Value™ of C$13.75. GuruFocus considers D2L to be Modestly Undervalued.

Key valuation signals for TSX:DTOL:

  • Operating Margin %: 5.26%
  • GF Value™: C$13.75 vs. price of C$9.91 (27.9% below fair value)
  • GF Score™: 69/100 with 5 warning signs
  • Industry Position: 36.1% above the Software median (#1274 of 2818)

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


D2L Business Description

Other Exchanges DTLIF:USANE5:Germany
Address 137 Glasgow Street, Suite 560, Kitchener, ON, CAN, N2G 4X8
D2L Inc is a learning innovation company. It provides cloud-based learning software for higher education institutions, kindergarten to grade 12 (K-12) schools and districts, and private sector enterprises. The company serves K-12, higher education, associations, and the corporate sector. Its product includes D2L Brightspace and D2L Wave. Geographically, It operates in United States, Canada and Rest of the World, where it derives maximum revenue from United States.
69GF Score

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

C$9.91
Price
C$13.75
GF Value