Core Scientific (CORZ) Operating Margin (2021 - 2026)
Core Scientific's (CORZ) quarterly Operating Margin came in at 47.79% in Q2 2026, down 1436.0% year-over-year from 3.58% in Q2 2025, and up 82.26% quarter-over-quarter from 269.36% in Q1 2026.
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Core Scientific (CORZ) Operating Margin (2021 - 2026) Analysis & Trends
Core Scientific has disclosed Operating Margin across 6 years of filings, most recently posting 47.79% for Q2 2026.
- In Q2 2026, Operating Margin fell 1436.0% year-over-year to 47.79%; the TTM figure through Jun 2026 stood at 127.45% (down 7581.0% YoY), while the FY2025 annual figure was 76.98%, down 4916.0% from the prior year.
- Operating Margin came in at 47.79% for Q2 2026 at Core Scientific, up from 269.36% in the prior quarter.
- In the past five years, Operating Margin ranged from a high of 30.8% in Q1 2024 to a low of 637.54% in Q2 2022.
- Average Operating Margin over 5 years is 121.51%, with a median of 53.47% recorded in 2025.
- Year-over-year, Operating Margin slumped 65816 bps in 2022 and surged 64500 bps in 2023.
- Over 5 years, Operating Margin stood at 524.6% in 2022, then soared by 101 bps to 2.77% in 2023, then sank by 2585 bps to 68.89% in 2024, then slumped by 114 bps to 147.28% in 2025, then jumped by 68 bps to 47.79% in 2026.
- Per Business Quant data, the three most recent Operating Margin figures were 47.79% in Q2 2026, 269.36% in Q1 2026, and 147.28% in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Equinix | 102.58 Bn | 100.36 Bn | 1.40 Bn | 25.33% |
| 2 | Terawulf | 8.64 Bn | 5.88 Bn | 32.37 Mn | -313.74% |
| 3 | Applied Digital | 7.77 Bn | 3.80 Bn | 97.29 Mn | -48.24% |
| 4 | Cipher Digital | 7.57 Bn | 3.55 Bn | 9.79 Mn | -316.21% |
| 5 | GDS Holdings | 6.07 Bn | 3.88 Bn | 97.89 Mn | 14.22% |
| 6 | Core Scientific | 6.06 Bn | 4.12 Bn | 70.04 Mn | -47.79% |
| 7 | Vnet | 1.82 Bn | 832.46 Mn | 74.45 Mn | 8.25% |
| 8 | Sify Technologies | 1.57 Bn | 1.57 Bn | 51.65 Mn | 9.03% |
| 9 | WhiteFiber | 790.27 Mn | 729.90 Mn | 18.88 Mn | -32.09% |
| 10 | Vulcan Infrastructure & Power | 422.40 Mn | 419.20 Mn | -1.25 Mn | -284.79% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -47.79% |
| Mar 31, 2026 | -269.36% |
| Dec 31, 2025 | -147.28% |
| Sep 30, 2025 | -67.56% |
| Jun 30, 2025 | -33.43% |
| Mar 31, 2025 | -59.15% |
| Dec 31, 2024 | -68.89% |
| Sep 30, 2024 | -43.23% |
| Jun 30, 2024 | -64.27% |
| Mar 31, 2024 | 30.80% |
| Dec 31, 2023 | 2.77% |
| Sep 30, 2023 | -10.67% |
| Jun 30, 2023 | 7.46% |
| Mar 31, 2023 | 6.30% |
| Dec 31, 2022 | -524.60% |
| Sep 30, 2022 | -246.89% |
| Jun 30, 2022 | -637.54% |
| Mar 31, 2022 | -13.88% |
| Dec 31, 2021 | 33.85% |
| Sep 30, 2021 | 4.23% |