Ivanhoe MinesTSX:IVN -6.89%33 Operating Margin % is 1.23% as of Mar. 2026. GuruFocus rates TSX:IVN with a GF Score™ of 33/100. The stock has 5 warning signs investors should review. Among 841 Metals & Mining companies, Ivanhoe Mines ranks worse than 70.87% on this metric.
Operating Margin % is calculated as Operating Income divided by its Revenue. Ivanhoe Mines's Operating Income for the
three
months ended in Mar. 2026 was C$2.8 Mil. Ivanhoe Mines's Revenue for the
three
months ended in Mar. 2026 was C$227.1 Mil. Therefore, Ivanhoe Mines's Operating Margin % for the quarter that ended in Mar. 2026 was 1.23%.
The historical rank and industry rank for Ivanhoe Mines's Operating Margin % or its related term are showing as below:
TSX:IVN'
s Operating Margin % Range Over the Past 10 Years
Min: -325.91 Med: -173.54 Max: -12.45
Current: -12.45
TSX:IVN's Operating Margin % is ranked worse than 70.87% of 841
companies
in the Metals & Mining industry
Industry Median: 5.79
vs TSX:IVN: -12.45
Ivanhoe Mines's 5-Year Average Operating Margin % Growth Rate was 0.00% per year.
Ivanhoe Mines's Operating Income for the
three
months ended in Mar. 2026 was C$2.8 Mil.
Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was C$-90.8 Mil.
Warning Sign:
Ivanhoe Mines Ltd had lost money in 92% of the time over the past 12quarters.
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.
Ivanhoe Mines Operating Margin % Related Terms
Ivanhoe Mines Operating Margin % Historical Data
* Premium members only.
The historical data trend for Ivanhoe Mines'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.
For the Other Industrial Metals & Mining subindustry, Ivanhoe Mines'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.
Ivanhoe Mines Operating Margin % vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Ivanhoe Mines's Operating Margin % distribution charts can be found below:
* The bar in red indicates where Ivanhoe Mines'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.
Ivanhoe Mines'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.
Ivanhoe Mines (TSX:IVN) has a Operating Margin % of 1.23% as of Mar. 2026. Operating margin is the ratio of total operating income to net sales. View historical data on Ivanhoe Mines and its competitors. According to the industry distribution chart, Ivanhoe Mines ranks #596 out of 841 companies in the Metals & Mining industry, placing it in the top 70.9%.
Is Ivanhoe Mines' Operating Margin % too high?
Ivanhoe Mines' current Operating Margin % is 1.23%. The Metals & Mining industry median Operating Margin % is 5.79. Ivanhoe Mines' value of 1.23% is 78.8% below this industry median. Based on the distribution chart, Ivanhoe Mines ranks #596 out of 841 companies in the Metals & Mining industry, which is below the industry midpoint. Overall, Ivanhoe Mines has a GF Score™ of 33/100, reflecting its overall financial health beyond just this single metric.
How does Ivanhoe Mines' Operating Margin % compare to competitors?
According to the Metals & Mining industry distribution chart, Ivanhoe Mines ranks #596 out of 841 companies for Operating Margin %. This places Ivanhoe Mines in the lower half of its industry. The industry median Operating Margin % is 5.79. Ivanhoe Mines' value of 1.23% is 78.8% below 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 Metals & Mining company?
The median Operating Margin % among Metals & Mining companies is 5.79, based on 841 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. Ivanhoe Mines's current Operating Margin % of 1.23% is 78.8% below 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 Ivanhoe Mines and its competitors. For the Metals & Mining industry, the median Operating Margin % is 5.79 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ivanhoe Mines's current Operating Margin % is 1.23%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ivanhoe Mines stock overvalued right now?
Ivanhoe Mines (TSX:IVN) has a current Operating Margin % of 1.23%. The current Operating Margin % is 1.23% and 78.8% below the Metals & Mining industry median of 5.79. Ivanhoe Mines' overall GF Score™ is 33/100 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 Ivanhoe Mines (TSX:IVN), the current Operating Margin % is 1.23% 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.
Ivanhoe Mines Ltd is a diversified mining company focused on advancing its four principal projects in Southern Africa namely the Kamoa-Kakula Copper Complex, a large, high-grade, stratiform copper deposit, Platreef Project, where the Company discovered thick and high-grade palladium, nickel, platinum, rhodium, copper and gold deposit, The Kipushi Project, a past-producing, high-grade underground zinc-copper-germanium-silverlead mine, The Western Foreland Exploration Project, a group of exploration licences. The Company has four reportable segments, including the Platreef property, Kamoa Holding joint venture, Kipushi properties, and the Company's treasury offices.
33GF Score
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