BQE Water (TSXV:BQE) Operating Margin %: -33.25% (As of Mar. 2026)

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TSXV:BQE BQE Water Inc TSXV:BQE
86 GF Score
Price C$74.94
GF Value C$75.57
Valuation Fairly Valued
! 3 Warning Signs
View Full Analysis

What is BQE Water Operating Margin %?

BQE Water TSXV:BQE 86 Operating Margin % is -33.25% as of Mar. 2026. GuruFocus rates TSXV:BQE with a GF Score™ of 86/100 and a GF Value™ of C$75.57 (Fairly Valued). The stock has 3 warning signs investors should review. Among 237 Waste Management companies, BQE Water ranks better than 56.12% on this metric.

Operating Margin % is calculated as Operating Income divided by its Revenue. BQE Water's Operating Income for the three months ended in Mar. 2026 was C$-1.60 Mil. BQE Water's Revenue for the three months ended in Mar. 2026 was C$4.80 Mil. Therefore, BQE Water's Operating Margin % for the quarter that ended in Mar. 2026 was -33.25%.

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

TSXV:BQE' s Operating Margin % Range Over the Past 10 Years
Min: -35.1   Med: -1.18   Max: 17.36
Current: 9.18


TSXV:BQE's Operating Margin % is ranked better than
56.12% of 237 companies
in the Waste Management industry
Industry Median: 6.61 vs TSXV:BQE: 9.18

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

BQE Water's Operating Income for the three months ended in Mar. 2026 was C$-1.60 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was C$3.02 Mil.

Warning Sign:

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


BQE Water  (TSXV:BQE) 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.


BQE Water Operating Margin % Related Terms


BQE Water Operating Margin % Historical Data

* Premium members only.

The historical data trend for BQE Water'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.

BQE Water Operating Margin % Chart

BQE Water 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 -1.40 -0.95 15.34 3.78 17.36

BQE Water 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 20.87 13.69 27.41 6.93 -33.25

TSXV:BQE vs WM, RSG, WCN: Operating Margin % Comparison

For the Waste Management subindustry, BQE Water'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.


BQE Water Operating Margin % vs Waste Management Industry

For the Waste Management industry and Industrials sector, BQE Water's Operating Margin % distribution charts can be found below:

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


TSXV:BQE
86GF Score
BQE Water Inc TSXV:BQE
Operating Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
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BQE Water 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.

BQE Water'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 )
=6.171 / 35.541
=17.36 %

BQE Water'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 )
=-1.596 / 4.8
=-33.25 %

* 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 -33.25% mean?
BQE Water (TSXV:BQE) has a Operating Margin % of -33.25% as of Mar. 2026. Operating margin is the ratio of total operating income to net sales. View historical data on BQE Water and its competitors. According to the industry distribution chart, BQE Water ranks #104 out of 237 companies in the Waste Management industry, placing it in the top 43.9%.
Is BQE Water's Operating Margin % too high?
BQE Water's current Operating Margin % is -33.25%. Based on the distribution chart, BQE Water ranks #104 out of 237 companies in the Waste Management industry, which is above the industry midpoint. Overall, BQE Water has a GF Score™ of 86/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does BQE Water's Operating Margin % compare to WM and RSG?
According to the Waste Management industry distribution chart, BQE Water ranks #104 out of 237 companies for Operating Margin %. This puts BQE Water in the upper half of its industry. The industry median Operating Margin % is 6.61. 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 Waste Management company?
The median Operating Margin % among Waste Management companies is 6.61, based on 237 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 BQE Water and its competitors. For the Waste Management industry, the median Operating Margin % is 6.61 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. BQE Water's current Operating Margin % is -33.25%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is BQE Water stock overvalued right now?
Based on GuruFocus' analysis, BQE Water (TSXV:BQE) is currently considered Fairly Valued. The stock's GF Value™ is C$75.57, compared to a current price of C$74.94 — trading 0.8% below its estimated fair value. The current Operating Margin % is -33.25%. BQE Water's overall GF Score™ is 86/100 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 BQE Water (TSXV:BQE), the current Operating Margin % is -33.25% 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 BQE Water (TSXV:BQE) Overvalued in 2026?

Based on GuruFocus' analysis, BQE Water stock appears to be undervalued. The current stock price of C$74.94 is trading 0.8% below its estimated GF Value™ of C$75.57. GuruFocus considers BQE Water to be Fairly Valued.

Key valuation signals for TSXV:BQE:

  • Operating Margin %: -33.25%
  • GF Value™: C$75.57 vs. price of C$74.94 (0.8% below fair value)
  • GF Score™: 86/100 with 3 warning signs

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


BQE Water Business Description

Other Exchanges BTQNF:USAUL5A:Germany
Address 30 East 6th Avenue, Suite 200, Vancouver, BC, CAN, V5T 1J4
BQE Water Inc is a service provider specializing in water treatment and management for metals mining, smelting and refining. It is helping to transform the way the industry thinks about water in the context of natural resource projects by offering services and expertise that enable more sustainable water management practices and improved overall project performance at reduced risks. BQE Water invests in and has developed intellectual property through the commercialization of several new technologies at mine sites around the world for organizations including Glencore, Jiangxi Copper, Freeport-McMoRan and the US EPA.
86GF Score

Get the complete analysis for TSXV:BQE

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

C$74.94
Price
C$75.57
GF Value