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Asset Utilization RatioAssets AverageDebt RatioDebt to EquityEBIT MarginEBITDA MarginEBT MarginEnterprise ValueEquity AverageEquity RatioFCF MarginGross MarginInterest Coverage RatioInventory AverageInvested CapitalNet MarginOperating MarginReturn on AssetsReturn on Capital EmployedReturn on EquityReturn on Invested CapitalReturn on SalesTimes Interest Earned

Tucows (TCX) Operating Margin (2016 - 2025)

Tucows' Operating Margin history spans 16 years, with the latest figure at 0.36% for Q4 2025.

  • For Q4 2025, Operating Margin fell 1443.0% year-over-year to 0.36%; the TTM value through Dec 2025 reached 3.62%, up 228.0%, while the annual FY2025 figure was 3.62%, 228.0% up from the prior year.
  • Operating Margin reached 0.36% in Q4 2025 per TCX's latest filing, up from 9.72% in the prior quarter.
  • In the past five years, Operating Margin ranged from a high of 14.79% in Q4 2024 to a low of 21.49% in Q1 2023.
  • Average Operating Margin over 5 years is 7.65%, with a median of 7.8% recorded in 2022.
  • Peak YoY movement for Operating Margin: plummeted -2607bps in 2022, then surged 3331bps in 2024.
  • A 5-year view of Operating Margin shows it stood at 9.6% in 2021, then tumbled by -272bps to 16.47% in 2022, then dropped by -12bps to 18.52% in 2023, then surged by 180bps to 14.79% in 2024, then crashed by -98bps to 0.36% in 2025.
  • Per Business Quant, the three most recent readings for TCX's Operating Margin are 0.36% (Q4 2025), 9.72% (Q3 2025), and 2.92% (Q2 2025).