KPIs & Operating Metrics(New)
Growth Metrics

M (MHO) Operating Margin (2016 - 2025)

M (MHO) has disclosed Operating Margin for 16 consecutive years, with 75.54% as the latest value for Q4 2025.

  • On a quarterly basis, Operating Margin rose 11149.0% to 75.54% in Q4 2025 year-over-year; TTM through Dec 2025 was 65.06%, a 796.0% decrease, with the full-year FY2025 number at 65.06%, down 796.0% from a year prior.
  • Operating Margin was 75.54% for Q4 2025 at M, up from 194.13% in the prior quarter.
  • In the past five years, Operating Margin ranged from a high of 65.97% in Q2 2025 to a low of 194.13% in Q3 2025.
  • A 5-year average of 39.47% and a median of 56.21% in 2022 define the central range for Operating Margin.
  • Peak YoY movement for Operating Margin: skyrocketed 17181bps in 2021, then tumbled -20546bps in 2025.
  • M's Operating Margin stood at 63.4% in 2021, then dropped by -1bps to 63.95% in 2022, then surged by 113bps to 8.61% in 2023, then plummeted by -2273bps to 187.03% in 2024, then skyrocketed by 60bps to 75.54% in 2025.
  • Per Business Quant, the three most recent readings for MHO's Operating Margin are 75.54% (Q4 2025), 194.13% (Q3 2025), and 65.97% (Q2 2025).