Hut 8 (HUT) Operating Margin (2022 - 2026)
Hut 8 posted quarterly Operating Margin of 521.52% for Q1 2026, up 15530.0% year-on-year from N/an in Q1 2025, and down 6.13% on a QoQ basis from 491.4% in Q4 2025.
Hut 8 (HUT) has 5 years of Operating Margin data on file, last reported at 521.52% in Q1 2026.
- For the quarter ending Q1 2026, Operating Margin rose 15530.0% year-over-year to 521.52%; the trailing twelve-month figure through Mar 2026 stood at 191.58% (down 22631.0% YoY), and the FY2025 full-year result was 136.95%, down 42056.0% from the prior year.
- Operating Margin for Q1 2026 stood at 521.52%, down from 491.4% in the prior quarter.
- Across five years, Operating Margin topped out at 889.49% in Q4 2024 and bottomed at 676.83% in Q1 2025.
- The 5-year median for Operating Margin is 0.92% (2023), against an average of 2.48%.
- The widest annual swing landed in 2024, when Operating Margin surged 87239 bps; it then slumped 138089 bps in 2025.
- A 5-year view of Operating Margin shows it stood at 11.25% in 2022, then surged by 52 bps to 17.1% in 2023, then surged by 5102 bps to 889.49% in 2024, then tumbled by 155 bps to 491.4% in 2025, then slipped by 6 bps to 521.52% in 2026.
- The last three Operating Margin figures came in at 521.52% (Q1 2026), 491.4% (Q4 2025), and 87.0% (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Morgan Stanley | 330.71 Bn | 197.18 Bn | - | - |
| 2 | Goldman Sachs | 318.59 Bn | -618.96 Bn | - | - |
| 3 | Schwab Charles | 154.74 Bn | 109.76 Bn | - | - |
| 4 | Robinhood Markets | 81.79 Bn | 77.15 Bn | 960.00 Mn | 28.49% |
| 5 | Interactive Brokers | 39.54 Bn | 50.13 Bn | - | - |
| 6 | Circle Internet | 25.60 Bn | 24.08 Bn | 35.01 Mn | 108.11% |
| 7 | LPL Financial Holdings | 22.12 Bn | 21.10 Bn | - | - |
| 8 | Iren | 21.58 Bn | 19.37 Bn | 144.76 Mn | -161.28% |
| 9 | Tradeweb Markets | 21.29 Bn | 20.04 Bn | - | 46.50% |
| 10 | Hut 8 | 14.71 Bn | 14.86 Bn | 45.47 Mn | -521.52% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -521.52% |
| Dec 31, 2025 | -491.40% |
| Sep 30, 2025 | 87.00% |
| Jun 30, 2025 | 454.88% |
| Mar 31, 2025 | -676.83% |
| Dec 31, 2024 | 889.49% |
| Sep 30, 2024 | -3.59% |
| Jun 30, 2024 | -246.18% |
| Mar 31, 2024 | 515.81% |
| Dec 31, 2023 | 17.10% |
| Sep 30, 2023 | -3.06% |
| Jun 30, 2023 | 4.55% |
| Mar 31, 2023 | -2.71% |
| Sep 30, 2022 | 11.25% |