Here (HERE) Operating Margin (2021 - 2025)
Here's (HERE) quarterly Operating Margin came in at 22.91% in Q3 2025, down 3553.0% YoY from 0.66% in Q3 2024, and down 214.72% on a QoQ basis from 19.97% in Q2 2025.
Here (HERE) Operating Margin (2021 - 2025) Analysis & Trends
Here (HERE) has 5 years of Operating Margin data on file, last reported at 22.91% in 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 fell to 22.91% in Q3 2025, from 19.97% in the prior quarter.
- In the past five years, Operating Margin ranged from a high of 23.59% in Q2 2024 to a low of 32.62% in Q2 2022.
- A 5-year average of 0.82% and a median of 2.66% in 2022 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 10.51% in 2021, then soared by 46 bps to 5.66% in 2022, then jumped by 284 bps to 10.44% in 2023, then surged by 82 bps to 19.02% in 2024, then plunged by 220 bps to 22.91% in 2025.
- The last three Operating Margin figures came in at 22.91% (Q3 2025), 19.97% (Q2 2025), and 5.79% (Q1 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Amer Sports | 18.70 Bn | 18.03 Bn | 1.17 Bn | 16.50% |
| 2 | Hasbro | 13.64 Bn | 12.29 Bn | 867.20 Mn | 22.16% |
| 3 | Life Time Group Holdings | 9.90 Bn | 9.67 Bn | 412.26 Mn | 17.29% |
| 4 | Acushnet Holdings | 5.26 Bn | 5.19 Bn | 445.83 Mn | 21.54% |
| 5 | Mattel | 4.25 Bn | 3.73 Bn | 542.12 Mn | 0.97% |
| 6 | Planet Fitness | 3.69 Bn | 3.29 Bn | 300.73 Mn | 33.90% |
| 7 | YETI Holdings | 3.41 Bn | 3.35 Bn | 322.52 Mn | 19.33% |
| 8 | Callaway Golf | 2.95 Bn | 2.67 Bn | 306.70 Mn | 18.75% |
| 9 | Onespaworld Holdings | 2.73 Bn | 2.69 Bn | 84.35 Mn | 9.38% |
| 10 | Here | 99.45 Mn | -96.48 Bn | 8.24 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 | -10.51% |