Oatly Group AB (OTLY) Operating Margin (2020 - 2026)
Oatly Group AB (OTLY) posted quarterly Operating Margin of 7.21% for Q2 2026, up 340.0% year-over-year from 1.64% in Q2 2025, and down 45.06% quarter-over-quarter from 4.97% in Q1 2026.
Oatly Group AB (OTLY) Operating Margin (2020 - 2026) Analysis & Trends
Oatly Group AB (OTLY) has reported Operating Margin for 7 consecutive years, with 7.21% the latest figure, recorded in Q2 2026.
- In Q2 2026, Operating Margin rose 340.0% year-over-year to 7.21%; the TTM figure through Jun 2026 stood at 6.02% (up 1322.0% YoY), while the FY2025 annual figure was 7.85%, up 1475.0% from the prior year.
- Operating Margin slipped to 7.21% in Q2 2026 per OTLY's latest filing, from 4.97% in the prior quarter.
- Across five years, Operating Margin topped out at 4.32% in Q4 2025 and bottomed at 118.86% in Q4 2023.
- Historically, Operating Margin has averaged 32.32% across 5 years, with a median of 27.61% in 2023.
- Annual changes were most pronounced in 2023 — Operating Margin tumbled 5476 bps — and 2024, when it soared 7700 bps.
- Oatly Group AB's Operating Margin stood at 64.1% in 2022, then slumped by 85 bps to 118.86% in 2023, then jumped by 65 bps to 41.86% in 2024, then surged by 90 bps to 4.32% in 2025, then slumped by 67 bps to 7.21% in 2026.
- Business Quant data shows OTLY's Operating Margin at 7.21% in Q2 2026, 4.97% in Q1 2026, and 4.32% in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Kraft Heinz | 30.49 Bn | 27.81 Bn | 2.03 Bn | -102.70% |
| 2 | General Mills | 21.48 Bn | 21.02 Bn | 1.60 Bn | -45.40% |
| 3 | Mccormick | 15.17 Bn | 14.84 Bn | 778.20 Mn | 14.27% |
| 4 | Jbs | 14.80 Bn | 11.34 Bn | 4.91 Bn | 2.38% |
| 5 | J M Smucker | 13.28 Bn | 13.22 Bn | 862.10 Mn | 19.60% |
| 6 | Hormel Foods | 13.22 Bn | 12.36 Bn | 518.51 Mn | 7.30% |
| 7 | Magnum Ice Cream | 12.15 Bn | 11.43 Bn | - | - |
| 8 | Darling Ingredients | 10.61 Bn | 10.45 Bn | 503.37 Mn | 32.20% |
| 9 | Smithfield Foods | 8.78 Bn | 7.43 Bn | 478.00 Mn | 7.84% |
| 10 | Oatly Group AB | 447.93 Mn | 403.29 Mn | 81.36 Mn | -7.21% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | -7.21% |
| 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% |