Ferroglobe (GSM) Operating Margin (2016 - 2026)
Ferroglobe's (GSM) quarterly Operating Margin came in at 2.22% in Q1 2026, up 1591.0% year-on-year from 0.13% in Q1 2025, and up 94.52% quarter-over-quarter from 40.52% in Q4 2025.
Ferroglobe (GSM) Operating Margin (2016 - 2026) Analysis & Trends
Ferroglobe has disclosed Operating Margin across 11 years of filings, most recently posting 2.22% for Q1 2026.
- Operating Margin for Q1 2026 came in at 2.22%, up 1591.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 9.77% (down 849.0% YoY), and the FY2025 annual result was 10.0%, down 1232.0% from the prior year.
- Operating Margin came in at 2.22% for Q1 2026 at Ferroglobe, up from 40.52% in the prior quarter.
- In the past five years, Operating Margin ranged from a high of 31.55% in Q2 2022 to a low of 40.52% in Q4 2025.
- The 5-year median for Operating Margin is 6.62% (2022), against an average of 5.15%.
- Across the five-year window, Operating Margin soared 4174 bps in 2022 and sank 2704 bps in 2025, its largest moves.
- Ferroglobe's Operating Margin stood at 6.62% in 2022, then plunged by 43 bps to 3.78% in 2023, then slumped by 456 bps to 13.48% in 2024, then sank by 201 bps to 40.52% in 2025, then surged by 95 bps to 2.22% in 2026.
- The last three Operating Margin figures came in at 2.22% (Q1 2026), 40.52% (Q4 2025), and 0.64% (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Elevra Lithium | 556.97 Bn | 556.92 Bn | - | - |
| 2 | Bhp | 421.29 Bn | 411.77 Bn | - | - |
| 3 | Skeena Resources | 17.36 Bn | 17.34 Bn | - | - |
| 4 | Ioneer | 10.78 Bn | 10.76 Bn | - | - |
| 5 | MP Materials | 10.54 Bn | 7.94 Bn | 16.40 Mn | -26.61% |
| 6 | Iperionx | 8.57 Bn | 8.52 Bn | - | - |
| 7 | Materion | 4.58 Bn | 4.57 Bn | 81.84 Mn | 5.12% |
| 8 | Sigma Lithium | 4.36 Bn | 4.36 Bn | 25.57 Mn | 88.21% |
| 9 | Americas Gold & Silver | 4.00 Bn | 3.87 Bn | 16.76 Mn | -109.42% |
| 10 | Ferroglobe | 726.78 Mn | 584.50 Mn | - | -2.22% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -2.22% |
| Dec 31, 2025 | -40.52% |
| Sep 30, 2025 | -0.64% |
| Jun 30, 2025 | 2.26% |
| Mar 31, 2025 | -18.13% |
| Dec 31, 2024 | -13.48% |
| Sep 30, 2024 | 9.37% |
| Jun 30, 2024 | 9.88% |
| Mar 31, 2024 | 0.65% |
| Dec 31, 2023 | 3.78% |
| Sep 30, 2023 | 18.09% |
| Jun 30, 2023 | 13.77% |
| Mar 31, 2023 | 11.09% |
| Dec 31, 2022 | 6.62% |
| Sep 30, 2022 | 26.03% |
| Jun 30, 2022 | 31.55% |
| Mar 31, 2022 | 29.52% |
| Dec 31, 2021 | 9.81% |
| Sep 30, 2021 | 2.62% |
| Jun 30, 2021 | 2.01% |