Operating Margin % is calculated as Operating Income divided by its Revenue. Energy Fuels's Operating Income for the
three
months ended in Mar. 2026 was C$-20.0 Mil. Energy Fuels's Revenue for the
three
months ended in Mar. 2026 was C$49.2 Mil. Therefore, Energy Fuels's Operating Margin % for the quarter that ended in Mar. 2026 was -40.59%.
Good Sign:
Energy Fuels Inc operating margin is expanding. Margin expansion is usually a good sign.
The historical rank and industry rank for Energy Fuels's Operating Margin % or its related term are showing as below:
TSX:EFR'
s Operating Margin % Range Over the Past 10 Years
Min: -1386.02 Med: -119.4 Max: -47.59
Current: -105.41
TSX:EFR's Operating Margin % is ranked worse than 92.31% of 130
companies
in the Other Energy Sources industry
Industry Median: 4.57
vs TSX:EFR: -105.41
Energy Fuels's 5-Year Average Operating Margin % Growth Rate was 46.50% per year.
Energy Fuels's Operating Income for the
three
months ended in Mar. 2026 was C$-20.0 Mil.
Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was C$-123.1 Mil.
Energy Fuels (TSX:EFR) 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.
Energy Fuels Operating Margin % Related Terms
Energy Fuels Operating Margin % Historical Data
* Premium members only.
The historical data trend for Energy Fuels'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:EFR vs UEC, LEU: Operating Margin % Comparison
For the Uranium subindustry, Energy Fuels'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.
Energy Fuels Operating Margin % vs Other Energy Sources Industry
For the Other Energy Sources industry and Energy sector, Energy Fuels's Operating Margin % distribution charts can be found below:
* The bar in red indicates where Energy Fuels'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.
Energy Fuels'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.
Energy Fuels (TSX:EFR) has a Operating Margin % of -40.59% as of Mar. 2026. Operating margin is the ratio of total operating income to net sales. View historical data on Energy Fuels and its competitors. According to the industry distribution chart, Energy Fuels ranks #120 out of 130 companies in the Other Energy Sources industry, placing it in the top 92.3%.
Is Energy Fuels' Operating Margin % too high?
Energy Fuels' current Operating Margin % is -40.59%. Based on the distribution chart, Energy Fuels ranks #120 out of 130 companies in the Other Energy Sources industry, which is in the bottom quartile relative to peers. Overall, Energy Fuels has a GF Score™ of 82/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Energy Fuels' Operating Margin % compare to UEC and LEU?
According to the Other Energy Sources industry distribution chart, Energy Fuels ranks #120 out of 130 companies for Operating Margin %. This places Energy Fuels in the lower half of its industry. The industry median Operating Margin % is 4.57. 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 an Other Energy Sources company?
The median Operating Margin % among Other Energy Sources companies is 4.57, based on 130 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 Energy Fuels and its competitors. For the Other Energy Sources industry, the median Operating Margin % is 4.57 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Energy Fuels's current Operating Margin % is -40.59%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Energy Fuels stock overvalued right now?
Based on GuruFocus' analysis, Energy Fuels (TSX:EFR) is currently considered Fairly Valued. The stock's GF Value™ is C$18.63, compared to a current price of C$20.53 — trading 10.2% above its estimated fair value. The current Operating Margin % is -40.59%. Energy Fuels' overall GF Score™ is 82/100 with 3 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 Energy Fuels (TSX:EFR), the current Operating Margin % is -40.59% 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 Energy Fuels (TSX:EFR) Overvalued in 2026?
Based on GuruFocus' analysis, Energy Fuels stock appears to be overvalued.
The current stock price of C$20.53 is trading 10.2% above its estimated GF Value™ of C$18.63.
GuruFocus considers Energy Fuels to be Fairly Valued.
Key valuation signals for TSX:EFR:
Operating Margin %: -40.59%
GF Value™: C$18.63 vs. price of C$20.53 (10.2% above fair value)
No single metric tells the full story. See the TSX:EFR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Energy Fuels Inc is a critical mineral company based in the U.S. It produces several critical minerals, including uranium, vanadium, REEs (including NdPr, Dy and Tb) and HMS (including titanium and zirconium minerals). The company's project portfolio comprises uranium properties like Pinyon Plain Project, White Mesa Mill, Roca Honda Project, etc.; Heavy Minerals Sands project like Vara Mada Project, Donald Project, Bahia Project, etc.; the Nichols Ranch Project, and several other properties. The firm's reportable segments are: Uranium, REE, and HMS. Key revenue is generated from the Uranium segment, which is involved in conventional and ISR uranium extraction, recovery and sales of uranium from mineral properties, and the recycling of uranium-bearing materials generated by third parties.
82GF Score
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