SSR Mining (TSX:SSRM) Operating Margin %: 52.48% (As of Mar. 2026) — 167% Above Median


TSX:SSRM SSR Mining Inc TSX:SSRM
88 GF Score
Price C$40.28
GF Value C$29.10
Valuation Significantly Overvalued
! 3 Warning Signs
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What is SSR Mining Operating Margin %?

SSR Mining TSX:SSRM -3.15% 88 Operating Margin % is 52.48% as of Mar. 2026, which is 167% above its 10-year median of 19.65. GuruFocus rates TSX:SSRM with a GF Score™ of 88/100 and a GF Value™ of C$29.10 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 841 Metals & Mining companies, SSR Mining ranks better than 83.95% on this metric.

Operating Margin % is calculated as Operating Income divided by its Revenue. SSR Mining's Operating Income for the three months ended in Mar. 2026 was C$419 Mil. SSR Mining's Revenue for the three months ended in Mar. 2026 was C$798 Mil. Therefore, SSR Mining's Operating Margin % for the quarter that ended in Mar. 2026 was 52.48%.

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

TSX:SSRM' s Operating Margin % Range Over the Past 10 Years
Min: -17.99   Med: 19.65   Max: 36.82
Current: 36.82


TSX:SSRM's Operating Margin % is ranked better than
83.95% of 841 companies
in the Metals & Mining industry
Industry Median: 5.79 vs TSX:SSRM: 36.82

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

SSR Mining's Operating Income for the three months ended in Mar. 2026 was C$419 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was C$959 Mil.

Warning Sign:

SSR Mining Inc has recorded a loss in operating income at least once over the past 3 years.


SSR Mining  (TSX:SSRM) 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.


SSR Mining Operating Margin % Related Terms


SSR Mining Operating Margin % Historical Data

* Premium members only.

The historical data trend for SSR Mining'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.

SSR Mining Operating Margin % Chart

SSR Mining 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 32.28 16.51 19.79 -17.99 28.81

SSR Mining 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 36.50 18.29 24.81 42.62 52.48

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

For the Gold subindustry, SSR Mining'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.


SSR Mining Operating Margin % vs Metals & Mining Industry

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

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


TSX:SSRM
88GF Score
SSR Mining Inc TSX:SSRM
Operating Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
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SSR Mining 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.

SSR Mining'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 )
=647.65 / 2248.084
=28.81 %

SSR Mining'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 )
=418.911 / 798.199
=52.48 %

* 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 52.48% mean?
SSR Mining (TSX:SSRM) has a Operating Margin % of 52.48% as of Mar. 2026. Operating margin is the ratio of total operating income to net sales. View historical data on SSR Mining and its competitors. This is 167% above median its historical median of 19.65. According to the industry distribution chart, SSR Mining ranks #135 out of 841 companies in the Metals & Mining industry, placing it in the top 16.1%.
Is SSR Mining's Operating Margin % too high?
SSR Mining's current Operating Margin % of 52.48% is 167% above median its 10-year median of 19.65. The Metals & Mining industry median Operating Margin % is 5.79. SSR Mining's value of 52.48% is 806.4% above this industry median. Based on the distribution chart, SSR Mining ranks #135 out of 841 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers. Overall, SSR Mining has a GF Score™ of 88/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does SSR Mining's Operating Margin % compare to NEM and AU?
According to the Metals & Mining industry distribution chart, SSR Mining ranks #135 out of 841 companies for Operating Margin %. This places SSR Mining in the top 16% of its industry — outperforming the majority of peers. The industry median Operating Margin % is 5.79. SSR Mining's value of 52.48% is 806.4% above this benchmark. While the company's 10-year median is 19.65 vs. the industry median of 5.79, SSR Mining 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. SSR Mining's current Operating Margin % of 52.48% is 806.4% 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 SSR Mining 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. SSR Mining's current Operating Margin % is 52.48%, which is 167% above median its own 10-year median of 19.65. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SSR Mining stock overvalued right now?
Based on GuruFocus' analysis, SSR Mining (TSX:SSRM) is currently considered Significantly Overvalued. The stock's GF Value™ is C$29.10, compared to a current price of C$40.28 — trading 38.4% above its estimated fair value. The current Operating Margin % is 52.48%, which is 167% above median its 10-year median of 19.65 and 806.4% above the Metals & Mining industry median of 5.79. SSR Mining's overall GF Score™ is 88/100 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 SSR Mining (TSX:SSRM), the current Operating Margin % is 52.48% 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 SSR Mining (TSX:SSRM) Overvalued in 2026?

Based on GuruFocus' analysis, SSR Mining stock appears to be overvalued. The current stock price of C$40.28 is trading 38.4% above its estimated GF Value™ of C$29.10. GuruFocus considers SSR Mining to be Significantly Overvalued.

Key valuation signals for TSX:SSRM:

  • Operating Margin %: 52.48% (167% above median its 10-year median of 19.65)
  • GF Value™: C$29.10 vs. price of C$40.28 (38.4% above fair value)
  • GF Score™: 88/100 with 3 warning signs
  • Industry Position: 806.4% above the Metals & Mining median (#135 of 841)

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


SSR Mining Business Description

Other Exchanges SSRM:USA0VGE:UKZSV:Germany
Address 6900 E. Layton Avenue, Suite 1300, Denver, CO, USA, 80237
SSR Mining Inc is a minerals company focused on mining precious metals in the Americas. More than half of Silver Standard's revenue is attributable to the production of gold, with a key portion derived from silver production. The company owns and operates the Marigold mine in Nevada, United States; the Seabee Gold Operation in Saskatchewan, Canada; and the Puna mine in Argentina. The majority of gold production is derived from the Marigold mine, and Silver Standard's silver production is principally derived from the Puna mine.
88GF Score

Get the complete analysis for TSX:SSRM

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

C$40.28
Price
C$29.10
GF Value