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Baltimore Gas & Electric Co (Baltimore Gas & Electric Co) Operating Margin % : 8.68% (As of Jun. 2016)


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What is Baltimore Gas & Electric Co Operating Margin %?

Operating Margin % is calculated as Operating Income divided by its Revenue. Baltimore Gas & Electric Co's Operating Income for the three months ended in Jun. 2016 was $59.00 Mil. Baltimore Gas & Electric Co's Revenue for the three months ended in Jun. 2016 was $680.00 Mil. Therefore, Baltimore Gas & Electric Co's Operating Margin % for the quarter that ended in Jun. 2016 was 8.68%.

The historical rank and industry rank for Baltimore Gas & Electric Co's Operating Margin % or its related term are showing as below:

BGLEH.PFD' s Operating Margin % Range Over the Past 10 Years
Min: -4.4   Med: 8.2   Max: 16
Current: 10.96


BGLEH.PFD's Operating Margin % is not ranked
in the Utilities - Regulated industry.
Industry Median: 12.52 vs BGLEH.PFD: 10.96

Baltimore Gas & Electric Co's 5-Year Average Operating Margin % Growth Rate was 0.00% per year.

Baltimore Gas & Electric Co's Operating Income for the three months ended in Jun. 2016 was $59.00 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Jun. 2016 was $501.00 Mil.


Baltimore Gas & Electric Co Operating Margin % Historical Data

The historical data trend for Baltimore Gas & Electric Co'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.

* Premium members only.

Baltimore Gas & Electric Co Operating Margin % Chart

Baltimore Gas & Electric Co Annual Data
Trend Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15
Operating Margin %
Get a 7-Day Free Trial 10.23 27.57 14.65 13.87 17.80

Baltimore Gas & Electric Co Quarterly Data
Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16
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 15.76 15.17 19.41 20.13 8.68

Competitive Comparison of Baltimore Gas & Electric Co's Operating Margin %

For the Utilities - Regulated Electric subindustry, Baltimore Gas & Electric Co'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.


Baltimore Gas & Electric Co's Operating Margin % Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Baltimore Gas & Electric Co's Operating Margin % distribution charts can be found below:

* The bar in red indicates where Baltimore Gas & Electric Co's Operating Margin % falls into.



Baltimore Gas & Electric Co 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.

Baltimore Gas & Electric Co's Operating Margin % for the fiscal year that ended in Dec. 2015 is calculated as

Operating Margin %=Operating Income (A: Dec. 2015 ) / Revenue (A: Dec. 2015 )
=558 / 3135
=17.80 %

Baltimore Gas & Electric Co's Operating Margin % for the quarter that ended in Jun. 2016 is calculated as

Operating Margin %=Operating Income (Q: Jun. 2016 ) / Revenue (Q: Jun. 2016 )
=59 / 680
=8.68 %

* 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.


Baltimore Gas & Electric Co  (OTCPK:BGLEH.PFD) 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.


Baltimore Gas & Electric Co Operating Margin % Related Terms

Thank you for viewing the detailed overview of Baltimore Gas & Electric Co's Operating Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.


Baltimore Gas & Electric Co (Baltimore Gas & Electric Co) Business Description

Traded in Other Exchanges
N/A
Address
Website
Baltimore Gas and Electric Company is a Maryland Corporation. It is an electric transmission and distribution utility company and a gas distribution utility company with a service territory that covers the City of Baltimore and all or part of ten counties in central Maryland. It is regulated by the Maryland PSC and Federal Energy Regulatory Commission (FERC) with respect to rates and other aspects of its business. The Company's electric service territory includes an area of approximately 2,300 square miles. There are no municipal or cooperative wholesale customers within BGE's service territory. The Company's gas service territory includes an area of approximately 800 square miles. The Company's electric and gas revenues come from many customers -residential, commercial, and industrial.

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