Hafnia (HAFN) Operating Margin (2023 - 2025)
Hafnia (HAFN) reported Operating Margin of 48.93% for Q4 2025, down 198.0% year-over-year from 49.93% in Q4 2024, and down 92.85% quarter-over-quarter from 684.37% in Q3 2025.
Hafnia (HAFN) Operating Margin (2023 - 2025) Analysis & Trends
Hafnia (HAFN) has 3 years of Operating Margin data on file, last reported at 48.93% in Q4 2025.
- Operating Margin for Q4 2025 came in at 48.93%, down 198.0% year-over-year; the trailing twelve-month figure through Dec 2025 was 44.32% (down 2129.0% YoY), and the FY2025 annual result was 1798.56%, down 523283.0% from the prior year.
- Operating Margin eased to 48.93% in Q4 2025 per HAFN's latest filing, from 684.37% in the prior quarter.
- Over five years, Operating Margin peaked at 684.37% in Q3 2025 and troughed at 36.36% in Q1 2025.
- A 3-year average of 149.0% and a median of 84.44% in 2023 frame the typical range for Operating Margin.
- The sharpest annual moves came in 2024 and 2025: Operating Margin sank 21023 bps in 2024, then jumped 58564 bps in 2025.
- A 3-year view of Operating Margin shows it stood at 78.0% in 2023, then tumbled by 35 bps to 50.91% in 2024, then dropped by 4 bps to 48.93% in 2025.
- Business Quant data shows HAFN's Operating Margin at 48.93% in Q4 2025, 684.37% in Q3 2025, and 173.45% in Q2 2025.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | C3is | 744.65 Bn | 744.65 Bn | 9.11 Mn | 45.48% |
| 2 | Kirby | 7.86 Bn | 7.78 Bn | 291.34 Mn | -31.42% |
| 3 | Matson | 5.69 Bn | 5.59 Bn | - | 8.10% |
| 4 | Hafnia | 3.63 Bn | 3.52 Bn | 152.41 Mn | 48.93% |
| 5 | Star Bulk Carriers | 3.14 Bn | 3.13 Bn | 371.22 Mn | 25.53% |
| 6 | ZIM Integrated Shipping Services | 3.12 Bn | 1.01 Bn | 57.20 Mn | -1.31% |
| 7 | Costamare | 1.93 Bn | 1.42 Bn | - | 48.28% |
| 8 | Navios Maritime Partners | 1.87 Bn | 1.47 Bn | 262.01 Mn | 80.06% |
| 9 | Global Ship Lease | 1.37 Bn | 1.37 Bn | - | - |
| 10 | Capital Clean Energy Carriers | 1.33 Bn | 792.93 Mn | 78.44 Mn | 44.56% |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 48.93% |
| Sep 30, 2025 | 684.37% |
| Jun 30, 2025 | 173.45% |
| 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% |