Daqo New Energy (DQ) Operating Margin (2009 - 2026)
Daqo New Energy (DQ) reported Operating Margin of -40.50% for Q3 2026, down 32.20 percentage points from -8.30% a year earlier but up 116.03 percentage points from the prior quarter.
Powered by 
Analysis
Daqo New Energy (DQ) Operating Margin (2009 - 2026) Analysis & Trends
Over the twelve months ended Sep 30, 2026, Daqo New Energy's Operating Margin came in at -68.96%, up 17.15 percentage points year-over-year; for FY2025, it was -40.61%, up 14.20 percentage points from FY2024.
- Operating Margin has a five-year change of -68.42 percentage points (FY2020 to FY2025).
- By year, Operating Margin came in at -54.82% in FY2024 (-88.76 pp), 33.95% in FY2023 (-32.03 pp), 65.98% in FY2022 (+3.35 pp) and 62.63% in FY2021 (+34.82 pp).
- Five-year quarterly Operating Margin spans a low of -564.37% in Q1 2026 and a high of 74.56% in Q2 2022.
- Year over year, Operating Margin has now declined in each of the last three quarters, with an average year-over-year change of -82.16 percentage points over the last eight quarters.
- The high point for year-over-year Operating Margin in five years was Q4 2025 (a gain of 144.62 percentage points); the low point was Q1 2026 (a drop of 472.33 percentage points).
- Per Business Quant data, the three quarters before Q3 2026 came in at -156.53% (Q2 2026), -564.37% (Q1 2026) and -9.42% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Linde | 238.84 Bn | 220.98 Bn | 4.44 Bn | 22.86% |
| 2 | Corning | 98.69 Bn | 90.37 Bn | 1.81 Bn | 18.76% |
| 3 | Sherwin Williams | 85.12 Bn | 84.13 Bn | 3.28 Bn | 17.61% |
| 4 | Air Products & Chemicals | 69.02 Bn | 64.21 Bn | 1.04 Bn | -66.34% |
| 5 | LyondellBasell Industries | 38.36 Bn | 26.43 Bn | 1.50 Bn | 12.55% |
| 6 | Nutrien | 34.35 Bn | 30.38 Bn | - | - |
| 7 | Ppg Industries | 27.44 Bn | 20.36 Bn | 1.76 Bn | 14.89% |
| 8 | Qnity Electronics | 26.06 Bn | 22.20 Bn | 743.00 Mn | 28.15% |
| 9 | Ati | 25.56 Bn | 23.51 Bn | 380.20 Mn | 19.10% |
| 10 | Daqo New Energy | 800.81 Mn | -9.67 Bn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | -40.50% |
| Jun 30, 2026 | -156.53% |
| Mar 31, 2026 | -564.37% |
| Dec 31, 2025 | -9.42% |
| Sep 30, 2025 | -8.30% |
| Jun 30, 2025 | -152.93% |
| Mar 31, 2025 | -92.04% |
| Dec 31, 2024 | -154.04% |
| Sep 30, 2024 | -49.39% |
| Jun 30, 2024 | -88.95% |
| Mar 31, 2024 | 7.35% |
| Dec 31, 2023 | 17.49% |
| Sep 30, 2023 | 4.63% |
| Jun 30, 2023 | 33.59% |
| Mar 31, 2023 | 65.34% |
| Dec 31, 2022 | 72.09% |
| Sep 30, 2022 | 56.82% |
| Jun 30, 2022 | 74.56% |
| Mar 31, 2022 | 62.24% |
| Dec 31, 2021 | 57.67% |
API Access
Daqo New Energy Operating Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-margin&ticker=DQ&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-margin", "ticker": "DQ", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-margin&ticker=DQ&period=max&api_key=YOUR_API_KEY");
const data = await res.json();