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Symantec Corp  (NAS:SYMC) Operating Margin %: -0.73% (As of Sep. 2017)

Operating Margin % is calculated as Operating Income divided by its Revenue. Symantec Corp's Operating Income for the three months ended in Sep. 2017 was $-9 Mil. Symantec Corp's Revenue for the three months ended in Sep. 2017 was $1,240 Mil. Therefore, Symantec Corp's Operating Margin % for the quarter that ended in Sep. 2017 was -0.73%.

NAS:SYMC' s Operating Margin % Range Over the Past 10 Years
Min: -105.2   Max: 16.4
Current: -5.4

-105.2
16.4

NAS:SYMC's Operating Margin % is ranked lower than
73% of the 1924 Companies
in the Global industry.

( Industry Median: 4.78 vs. NAS:SYMC: -5.40 )

Symantec Corp's 5-Year Average operating margin Growth Rate was 0.00% per year.

Symantec Corp's Operating Income for the three months ended in Sep. 2017 was $-9 Mil. Its operating income for the trailing twelve months (TTM) ended in Sep. 2017 was $-247 Mil.


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

* Premium members only.

Symantec Corp Annual Data

Mar08 Mar09 Mar10 Mar11 Mar12 Mar13 Mar14 Mar15 Mar16 Mar17
Operating Margin % Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 16.02 3.44 3.89 12.69 -2.49

Symantec Corp Quarterly Data

Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17
Operating Margin % 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 Premium Member Only Premium Member Only Premium Member Only -1.23 -1.54 -15.96 -3.74 -0.73

Competitive Comparison
* 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.


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.

Symantec Corp's Operating Margin for the fiscal year that ended in Mar. 2017 is calculated as

Operating Margin %=Operating Income (A: Mar. 2017 ) / Revenue (A: Mar. 2017 )
=-100 / 4019
=-2.49 %

Symantec Corp's Operating Margin for the quarter that ended in Sep. 2017 is calculated as

Operating Margin %=Operating Income (Q: Sep. 2017 ) / Revenue (Q: Sep. 2017 )
=-9 / 1240
=-0.73 %

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.


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

Compared with a company's EBITDA margin, 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 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.


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