Here (HERE) Operating Margin (2021 - 2025)
Here (HERE) recorded quarterly Operating Margin of 22.91% in Q3 2025, down 214.72% on a QoQ basis from 19.97% in Q2 2025, and down 3553.0% year-over-year from 0.66% in Q3 2024.
Here (HERE) Operating Margin (2021 - 2025) Analysis & Trends
Here has disclosed Operating Margin across 5 years of filings, most recently posting 22.91% for Q3 2025.
- Quarterly Operating Margin fell 3553.0% year-over-year to 22.91% in Q3 2025, while the trailing twelve-month figure through Sep 2025 was 12.97% (up 134.0% YoY) and the FY2025 annual result came in at 14.56%, up 462.0% from the prior year.
- Operating Margin eased to 22.91% in Q3 2025, from 19.97% in the prior quarter.
- Over five years, Operating Margin peaked at 23.59% in Q2 2024 and troughed at 32.62% in Q2 2022.
- A 5-year average of 1.89% and a median of 5.42% in 2023 frame the typical range for Operating Margin.
- Annual changes were most pronounced in 2023 — Operating Margin surged 3837 bps — and 2025, when it sank 3553 bps.
- Tracing HERE's Operating Margin over 5 years: stood at 6.57% in 2021, then plunged by 186 bps to 5.66% in 2022, then soared by 284 bps to 10.44% in 2023, then jumped by 82 bps to 19.02% in 2024, then slumped by 220 bps to 22.91% in 2025.
- Business Quant data shows HERE's Operating Margin at 22.91% in Q3 2025, 19.97% in Q2 2025, and 5.79% in Q1 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Amer Sports | 19,630,355.93 Bn | 19,630,355.28 Bn | 1.17 Bn | 16.50% |
| 2 | Hasbro | 11.86 Bn | 10.53 Bn | 764.10 Mn | 27.02% |
| 3 | Life Time Group Holdings | 7.22 Bn | 7.10 Bn | 382.00 Mn | 17.10% |
| 4 | Acushnet Holdings | 5.62 Bn | 5.57 Bn | 355.26 Mn | 15.96% |
| 5 | Mattel | 4.31 Bn | 3.44 Bn | 386.78 Mn | -11.91% |
| 6 | Planet Fitness | 4.05 Bn | 3.58 Bn | 291.90 Mn | 29.26% |
| 7 | YETI Holdings | 3.97 Bn | 3.79 Bn | 340.87 Mn | 12.94% |
| 8 | Callaway Golf | 2.93 Bn | 2.43 Bn | 326.70 Mn | 20.10% |
| 9 | Onespaworld Holdings | 2.44 Bn | 2.43 Bn | 209.81 Mn | 9.23% |
| 10 | Here | - | - | 7.86 Mn | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Sep 30, 2025 | -22.91% |
| Jun 30, 2025 | 19.97% |
| Mar 31, 2025 | 5.79% |
| Dec 31, 2024 | 19.02% |
| Sep 30, 2024 | 12.62% |
| Jun 30, 2024 | 23.59% |
| Mar 31, 2024 | -0.54% |
| Dec 31, 2023 | 10.44% |
| Sep 30, 2023 | 5.09% |
| Jun 30, 2023 | 5.74% |
| Mar 31, 2023 | -2.86% |
| Dec 31, 2022 | -5.66% |
| Sep 30, 2022 | -14.19% |
| Jun 30, 2022 | -32.62% |
| Mar 31, 2022 | 0.22% |
| Dec 31, 2021 | 6.57% |