Oatly Group AB (OTLY) Operating Margin (2020 - 2026)

Oatly Group AB's (OTLY) quarterly Operating Margin came in at 4.97% in Q1 2026, up 444.0% year-on-year from 0.91% in Q1 2025, and down 15.06% on a QoQ basis from 4.32% in Q4 2025.

Oatly Group AB (OTLY) Operating Margin (2020 - 2026) Analysis & Trends

Oatly Group AB (OTLY) has 7 years of Operating Margin data on file, last reported at 4.97% in Q1 2026.

  • On a quarterly basis, Operating Margin rose 444.0% year-over-year to 4.97% in Q1 2026; TTM through Mar 2026 was 6.77%, a 1468.0% increase from a year earlier, with the FY2025 full-year figure at 7.85%, up 1475.0% from the prior year.
  • Operating Margin for Q1 2026 stood at 4.97%, down from 4.32% in the prior quarter.
  • Over the last five years, Operating Margin for OTLY reached as high as 4.32% in Q4 2025 and fell as low as 118.86% in Q4 2023.
  • Historically, Operating Margin has averaged 33.8% across 5 years, with a median of 35.9% in 2023.
  • Across the five-year window, Operating Margin sank 5476 bps in 2023 and jumped 7700 bps in 2024, its largest moves.
  • Year by year, Operating Margin stood at 64.1% in 2022, then slumped by 85 bps to 118.86% in 2023, then soared by 65 bps to 41.86% in 2024, then jumped by 90 bps to 4.32% in 2025, then retreated by 15 bps to 4.97% in 2026.
  • Per Business Quant data, the three most recent Operating Margin figures were 4.97% in Q1 2026, 4.32% in Q4 2025, and 7.6% in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Operating Margin (Qtr)
1 Kraft Heinz 30.29 Bn 26.20 Bn 2.22 Bn 18.94%
2 General Mills 19.35 Bn 18.90 Bn 1.60 Bn -45.40%
3 Hormel Foods 13.90 Bn 13.04 Bn 518.51 Mn 7.30%
4 Mccormick 13.45 Bn 13.12 Bn 778.20 Mn 14.27%
5 Magnum Ice Cream 10.95 Bn 10.43 Bn - -
6 Smithfield Foods 10.34 Bn 8.95 Bn 511.00 Mn 8.76%
7 Darling Ingredients 9.92 Bn 9.80 Bn 404.92 Mn 14.62%
8 Oatly Group AB 8.23 Bn 8.23 Bn 76.34 Mn -4.97%
9 Conagra Brands 7.07 Bn 6.85 Bn 704.10 Mn -57.54%
10 Lamb Weston Holdings 6.87 Bn 6.81 Bn 331.60 Mn 8.09%

Historic Data

Download Data
DateValue
Mar 31, 2026 -4.97%
Dec 31, 2025 -4.32%
Sep 30, 2025 -7.60%
Jun 30, 2025 -10.61%
Mar 31, 2025 -9.41%
Dec 31, 2024 -41.86%
Sep 30, 2024 -13.92%
Jun 30, 2024 -19.33%
Mar 31, 2024 -14.27%
Dec 31, 2023 -118.86%
Sep 30, 2023 -35.90%
Jun 30, 2023 -38.51%
Mar 31, 2023 -36.58%
Dec 31, 2022 -64.10%
Sep 30, 2022 -57.02%
Jun 30, 2022 -41.82%
Mar 31, 2022 -55.45%
Dec 31, 2021 -49.84%
Sep 30, 2021 -25.99%
Jun 30, 2021 -32.91%