Hafnia (HAFN) Operating Margin (2023 - 2025)
Hafnia (HAFN) posted quarterly Operating Margin of 48.93% for Q4 2025, down 198.0% year-over-year from 49.93% in Q4 2024, and up 6.58% quarter-over-quarter from 45.91% in Q3 2025.
Hafnia (HAFN) Operating Margin (2023 - 2025) Analysis & Trends
Hafnia (HAFN) has reported Operating Margin for 3 consecutive years, with 48.93% the latest figure, recorded in Q4 2025.
- In Q4 2025, Operating Margin fell 198.0% year-over-year to 48.93%; the TTM figure through Dec 2025 stood at 36.99% (down 2861.0% YoY), while the FY2025 annual figure was 16.2%, down 1189.0% from the prior year.
- Operating Margin improved to 48.93% in Q4 2025 per HAFN's latest filing, from 45.91% in the prior quarter.
- Across five years, Operating Margin topped out at 298.76% in Q1 2023 and bottomed at 23.98% in Q2 2025.
- Historically, Operating Margin has averaged 83.34% across 3 years, with a median of 64.46% in 2023.
- On a YoY basis, Operating Margin climbed as much as 1838 bps in 2024 and fell as far as 21023 bps in 2024.
- Hafnia's Operating Margin stood at 78.0% in 2023, then plunged by 35 bps to 50.91% in 2024, then declined by 4 bps to 48.93% in 2025.
- Business Quant data shows HAFN's Operating Margin at 48.93% in Q4 2025, 45.91% in Q3 2025, and 23.98% in Q2 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Kirby | 7.52 Bn | 7.48 Bn | 290.80 Mn | 13.27% |
| 2 | Matson | 6.59 Bn | 6.47 Bn | - | 16.39% |
| 3 | Hafnia | 3.92 Bn | 3.81 Bn | 152.41 Mn | 48.93% |
| 4 | ZIM Integrated Shipping Services | 3.47 Bn | 2.54 Bn | 57.20 Mn | -1.31% |
| 5 | Star Bulk Carriers | 3.35 Bn | 2.85 Bn | - | - |
| 6 | Danaos | 2.66 Bn | 1.43 Bn | 217.68 Mn | 48.38% |
| 7 | Okeanis Eco Tankers | 2.43 Bn | 2.21 Bn | 12,231.53 Bn | 68.94% |
| 8 | Navios Maritime Partners | 2.41 Bn | 2.00 Bn | 326.09 Mn | 98.02% |
| 9 | Costamare | 1.81 Bn | 1.43 Bn | 185.32 Mn | 113.20% |
| 10 | Sfl | 1.65 Bn | 1.50 Bn | 106.91 Mn | -13.02% |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 48.93% |
| Sep 30, 2025 | 45.91% |
| Jun 30, 2025 | 23.98% |
| Mar 31, 2025 | 36.36% |
| Dec 31, 2024 | 50.91% |
| Sep 30, 2024 | 98.72% |
| Jun 30, 2024 | 46.55% |
| Mar 31, 2024 | 88.53% |
| Dec 31, 2023 | 78.00% |
| Sep 30, 2023 | 80.34% |
| Jun 30, 2023 | 103.04% |
| Mar 31, 2023 | 298.76% |