Mako Mining (MAKO) Operating Margin (2024 - 2026)
Mako Mining (MAKO) posted quarterly Operating Margin of 70.33% for Q1 2026, up 734.0% YoY from 8.43% in Q1 2025, and down 1.62% sequentially from 71.48% in Q4 2025.
Mako Mining (MAKO) Operating Margin (2024 - 2026) Analysis & Trends
Mako Mining has disclosed Operating Margin across 3 years of filings, most recently posting 70.33% for Q1 2026.
- In Q1 2026, Operating Margin rose 734.0% year-over-year to 70.33%; the TTM figure through Mar 2026 stood at 65.33% (changed N/A YoY), while the FY2025 annual figure was 64.13%, up 2650.0% from the prior year.
- Operating Margin fell to 70.33% in Q1 2026, from 71.48% in the prior quarter.
- Over the last five years, Operating Margin for MAKO reached as high as 71.48% in Q4 2025 and fell as low as 44.92% in Q4 2024.
- The 3-year median for Operating Margin is 66.66% (2025), against an average of 62.43%.
- Annual changes were most pronounced in 2025 — Operating Margin jumped 2656 bps — and 2026, when it soared 734 bps.
- A 3-year view of Operating Margin shows it stood at 44.92% in 2024, then surged by 59 bps to 71.48% in 2025, then slipped by 2 bps to 70.33% in 2026.
- According to Business Quant data, Operating Margin over the past three periods registered 70.33%, 71.48%, and 62.99% for Q1 2026, Q4 2025, and Q1 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Barrick Mining | 978.09 Bn | 980.39 Bn | 3.12 Bn | 58.20% |
| 2 | Trx Gold | 189.48 Bn | 189.48 Bn | 21.05 Mn | 82.36% |
| 3 | Newmont | 101.22 Bn | 92.61 Bn | 7.29 Bn | 60.86% |
| 4 | OR Royalties | 53.18 Bn | 53.08 Bn | 88.84 Mn | 105.11% |
| 5 | Wheaton Precious Metals | 50.59 Bn | 48.43 Bn | 699.37 Mn | 74.85% |
| 6 | Aura Minerals | 50.25 Bn | 50.25 Bn | 19.58 Mn | 51.44% |
| 7 | Franco Nevada | 40.21 Bn | 39.50 Bn | 526.30 Mn | 79.47% |
| 8 | Gold Fields | 30.19 Bn | 28.41 Bn | - | - |
| 9 | Kinross Gold | 28.01 Bn | 25.95 Bn | 1.44 Bn | 55.58% |
| 10 | Mako Mining | 657,269.95 | -94.09 Mn | 30.15 Mn | 71.33% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 71.33% |
| Dec 31, 2025 | 71.48% |
| Mar 31, 2025 | 62.99% |
| Dec 31, 2024 | 44.92% |