Ses S.A. (SGBAF) Operating Margin (2024 - 2026)

Ses (SGBAF) posted Operating Margin of 8.38% for Q1 2026, up 594.01% sequentially from 1.7% in Q4 2025, and down 694.0% YoY from 1.41% in Q1 2025.

Ses S.A. (SGBAF) Operating Margin (2024 - 2026) Analysis & Trends

Ses has reported Operating Margin for 3 years, with the latest figure at 8.38% in Q1 2026.

Quarterly Operating Margin fell 694.0% year-over-year to 8.38% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 1.94% (down 725.0% YoY) and the FY2025 annual result came in at 2.44%, down 76.0% from the prior year.
Operating Margin advanced to 8.38% in Q1 2026 per SGBAF's latest filing, from 1.7% in the prior quarter.
Over five years, Operating Margin peaked at 22.29% in Q1 2024 and troughed at 1.7% in Q4 2025.
A 3-year average of 6.74% and a median of 4.79% in 2024 frame the typical range for Operating Margin.
The widest YoY moves for Operating Margin: up 376 bps in 2025, down 724 bps in 2025.
Over 3 years, Operating Margin stood at 5.55% in 2024, then slumped by 131 bps to 1.7% in 2025, then surged by 594 bps to 8.38% in 2026.
According to Business Quant data, Operating Margin over the past three periods registered 8.38%, 1.7%, and 0.26% for Q1 2026, Q4 2025, and Q3 2025 respectively.

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