Orezone Gold (TSX:ORE) Operating Margin %: 46.68% (As of Mar. 2026) — 40% Above Median


TSX:ORE Orezone Gold Corp TSX:ORE
50 GF Score
Price C$2.18
GF Value C$1.21
Valuation Significantly Overvalued
! 2 Warning Signs
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What is Orezone Gold Operating Margin %?

Orezone Gold TSX:ORE -4.80% 50 Operating Margin % is 46.68% as of Mar. 2026, which is 40% above its 10-year median of 33.44. GuruFocus rates TSX:ORE with a GF Score™ of 50/100 and a GF Value™ of C$1.21 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 841 Metals & Mining companies, Orezone Gold ranks better than 88.11% on this metric.

Operating Margin % is calculated as Operating Income divided by its Revenue. Orezone Gold's Operating Income for the three months ended in Mar. 2026 was C$119.1 Mil. Orezone Gold's Revenue for the three months ended in Mar. 2026 was C$255.1 Mil. Therefore, Orezone Gold's Operating Margin % for the quarter that ended in Mar. 2026 was 46.68%.

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

TSX:ORE' s Operating Margin % Range Over the Past 10 Years
Min: 2.97   Med: 33.44   Max: 42.51
Current: 42.51


TSX:ORE's Operating Margin % is ranked better than
88.11% of 841 companies
in the Metals & Mining industry
Industry Median: 5.79 vs TSX:ORE: 42.51

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

Orezone Gold's Operating Income for the three months ended in Mar. 2026 was C$119.1 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was C$280.4 Mil.


Orezone Gold  (TSX:ORE) 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.


Orezone Gold Operating Margin % Related Terms


Orezone Gold Operating Margin % Historical Data

* Premium members only.

The historical data trend for Orezone Gold'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.

Orezone Gold Operating Margin % Chart

Orezone Gold Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Operating Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 2.97 30.17 36.71 40.10

Orezone Gold Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 40.88 36.71 31.78 46.45 46.68

TSX:ORE vs NEM, AU: Operating Margin % Comparison

For the Gold subindustry, Orezone Gold'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.


Orezone Gold Operating Margin % vs Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Orezone Gold's Operating Margin % distribution charts can be found below:

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


TSX:ORE
50GF Score
Orezone Gold Corp TSX:ORE
Operating Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
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Orezone Gold 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.

Orezone Gold's Operating Margin % for the fiscal year that ended in Dec. 2025 is calculated as

Operating Margin %=Operating Income (A: Dec. 2025 ) / Revenue (A: Dec. 2025 )
=208.325 / 519.553
=40.10 %

Orezone Gold's Operating Margin % for the quarter that ended in Mar. 2026 is calculated as

Operating Margin %=Operating Income (Q: Mar. 2026 ) / Revenue (Q: Mar. 2026 )
=119.083 / 255.107
=46.68 %

* 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 46.68% mean?
Orezone Gold (TSX:ORE) has a Operating Margin % of 46.68% as of Mar. 2026. Operating margin is the ratio of total operating income to net sales. View historical data on Orezone Gold and its competitors. This is 40% above median its historical median of 33.44. Over the past decade, Orezone Gold's Operating Margin % has ranged from 2.97 to 42.51. According to the industry distribution chart, Orezone Gold ranks #100 out of 841 companies in the Metals & Mining industry, placing it in the top 11.9%.
Is Orezone Gold's Operating Margin % too high?
Orezone Gold's current Operating Margin % of 46.68% is 40% above median its 10-year median of 33.44. Over the past 10 years, this metric has ranged from a low of 2.97 to a high of 42.51. The Metals & Mining industry median Operating Margin % is 5.79. Orezone Gold's value of 46.68% is 706.2% above this industry median. Based on the distribution chart, Orezone Gold ranks #100 out of 841 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers. Overall, Orezone Gold has a GF Score™ of 50/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Orezone Gold's Operating Margin % compare to NEM and AU?
According to the Metals & Mining industry distribution chart, Orezone Gold ranks #100 out of 841 companies for Operating Margin %. This places Orezone Gold in the top 12% of its industry — outperforming the majority of peers. The industry median Operating Margin % is 5.79. Orezone Gold's value of 46.68% is 706.2% above this benchmark. Historically, Orezone Gold's own Operating Margin % has ranged from 2.97 to 42.51 over the past decade. While the company's 10-year median is 33.44 vs. the industry median of 5.79, Orezone Gold 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 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. Orezone Gold's current Operating Margin % of 46.68% is 706.2% 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 Orezone Gold 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. Orezone Gold's current Operating Margin % is 46.68%, which is 40% above median its own 10-year median of 33.44. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Orezone Gold stock overvalued right now?
Based on GuruFocus' analysis, Orezone Gold (TSX:ORE) is currently considered Significantly Overvalued. The stock's GF Value™ is C$1.21, compared to a current price of C$2.18 — trading 80.2% above its estimated fair value. The current Operating Margin % is 46.68%, which is 40% above median its 10-year median of 33.44 and 706.2% above the Metals & Mining industry median of 5.79. Orezone Gold's overall GF Score™ is 50/100 with 2 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 Orezone Gold (TSX:ORE), the current Operating Margin % is 46.68% 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 Orezone Gold (TSX:ORE) Overvalued in 2026?

Based on GuruFocus' analysis, Orezone Gold stock appears to be overvalued. The current stock price of C$2.18 is trading 80.2% above its estimated GF Value™ of C$1.21. GuruFocus considers Orezone Gold to be Significantly Overvalued.

Key valuation signals for TSX:ORE:

  • Operating Margin %: 46.68% (40% above median its 10-year median of 33.44)
  • GF Value™: C$1.21 vs. price of C$2.18 (80.2% above fair value)
  • GF Score™: 50/100 with 2 warning signs
  • Industry Position: 706.2% above the Metals & Mining median (#100 of 841)

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


Orezone Gold Business Description

Address 505 Burrard Street, Suite 450, Vancouver, BC, CAN, V7X 1M3
Orezone Gold Corp is a Canada-based gold mining company mainly engaged in the exploration and evaluation, and development of gold. The company operates the open pit Bombore Gold Mine in Burkina Faso. The company operates in the business segment of acquisition, exploration, and potential development of precious metal properties.
50GF Score

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

C$2.18
Price
C$1.21
GF Value