Mako Mining (MAKO) Operating Margin (2024 - 2026)

Mako Mining (MAKO) reported Operating Margin of 70.33% for Q1 2026, up 734.0% year-over-year from 8.43% in Q1 2025, and down 1.62% quarter-over-quarter from 71.48% in Q4 2025.

Mako Mining (MAKO) Operating Margin (2024 - 2026) Analysis & Trends

Mako Mining (MAKO) has 3 years of Operating Margin data on file, last reported at 70.33% in Q1 2026.

  • Operating Margin for Q1 2026 came in at 70.33%, up 734.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 65.33% (changed N/A YoY), and the FY2025 annual result was 64.13%, up 2650.0% from the prior year.
  • Operating Margin eased to 70.33% in Q1 2026 per MAKO's latest filing, from 71.48% in the prior quarter.
  • Over five years, Operating Margin peaked at 71.48% in Q4 2025 and troughed at 44.92% in Q4 2024.
  • A 3-year average of 62.43% and a median of 66.66% in 2025 frame the typical range for Operating Margin.
  • The sharpest annual moves came in 2025 and 2026: Operating Margin jumped 2656 bps in 2025, then soared 734 bps in 2026.
  • 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.
  • Business Quant data shows MAKO's Operating Margin at 70.33% in Q1 2026, 71.48% in Q4 2025, and 62.99% in Q1 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Operating Margin (Qtr)
1 Seabridge Gold 2,186.27 Bn 2,186.17 Bn - -
2 Barrick Mining 996.87 Bn 999.60 Bn 3.12 Bn 58.20%
3 Wheaton Precious Metals 410.57 Bn 409.42 Bn 699.37 Mn 74.85%
4 Alamos Gold 136.28 Bn 135.62 Bn 442.20 Mn 57.78%
5 Gold Fields 128.61 Bn 126.83 Bn - -
6 Kinross Gold 103.07 Bn 100.89 Bn 1.44 Bn 55.58%
7 Newmont 100.59 Bn 91.98 Bn 7.29 Bn 60.86%
8 Equinox Gold 47.64 Bn 47.14 Bn - -
9 AngloGold Ashanti 44.52 Bn 41.55 Bn 1.94 Bn 29.17%
10 Mako Mining 1.12 Mn -93.63 Mn 30.15 Mn 70.33%

Historic Data

Download Data
DateValue
Mar 31, 2026 70.33%
Dec 31, 2025 71.48%
Mar 31, 2025 62.99%
Dec 31, 2024 44.92%