Here (HERE) Operating Margin (2021 - 2025)
Here's Operating Margin came in at -22.91% for fiscal Q1 2026 (quarter ended Sep 30, 2025), down 35.53 percentage points from 12.62% a year earlier and down 42.88 percentage points from the prior quarter.
Here (HERE) Operating Margin (2021 - 2025) Analysis & Trends
Over the trailing twelve months to Sep 30, 2025, Here reported Operating Margin of 12.97%, up 1.34 percentage points year-over-year; for FY2025 (ended Jun 30, 2025), it came in at 14.56%, up 4.62 percentage points from FY2024.
- Operating Margin has increased in each of the last four fiscal years, with a four-year change of +25.29 percentage points (FY2021 to FY2025).
- Going back by fiscal year, Operating Margin was 9.94% in FY2024 (+14.06 pp), -4.12% in FY2023 (+2.87 pp), -6.99% in FY2022 (+3.74 pp) and -10.73% in FY2021.
- The fiscal Q1 2026 figure represents the lowest quarterly Operating Margin since fiscal Q4 2022.
- Year-over-year, Operating Margin increased in six of the last eight quarters, with an average year-over-year change of +2.45 percentage points.
- The fastest year-over-year change in Operating Margin over five years came in fiscal Q4 2023 (a gain of 38.37 percentage points), and the weakest in fiscal Q1 2026 (a drop of 35.53 percentage points).
- Business Quant data shows HERE's Operating Margin at 19.97% (Q4 2025), 5.79% (Q3 2025) and 19.02% (Q2 2025) in the three fiscal quarters before Q1 2026.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Amer Sports | 15.40 Bn | 11.45 Bn | 1.07 Bn | 11.74% |
| 2 | Hasbro | 12.62 Bn | 8.41 Bn | 867.20 Mn | 22.16% |
| 3 | Acushnet Holdings | 4.89 Bn | 4.64 Bn | 445.83 Mn | 21.54% |
| 4 | Mattel | 3.81 Bn | 486.56 Mn | 542.12 Mn | 0.97% |
| 5 | YETI Holdings | 3.16 Bn | 2.48 Bn | 322.52 Mn | 19.33% |
| 6 | Callaway Golf | 2.55 Bn | 8.09 Mn | 306.70 Mn | 18.75% |
| 7 | Peloton Interactive | 2.11 Bn | -2.51 Bn | 344.40 Mn | 13.36% |
| 8 | Unusual Machines | 1.19 Bn | 731.45 Mn | 5.80 Mn | -46.85% |
| 9 | Sturm Ruger | 671.09 Mn | 275.09 Mn | 33.74 Mn | 4.83% |
| 10 | Here | 89.25 Mn | -277.56 Mn | 4.86 Mn | - |
Historic 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% |
Here Operating Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-margin&ticker=HERE&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-margin", "ticker": "HERE", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-margin&ticker=HERE&period=max&api_key=YOUR_API_KEY");
const data = await res.json();