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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 - 2026)

Tucows filings provide 17 years of Operating Margin readings, the most recent being 4.46% for Q1 2026.

  • Quarterly Operating Margin fell 231.0% to 4.46% in Q1 2026 from the year-ago period, while the trailing twelve-month figure was 4.18% through Mar 2026, down 231.0% year-over-year, with the annual reading at 3.62% for FY2025, 228.0% up from the prior year.
  • Operating Margin hit 4.46% in Q1 2026 for Tucows, down from 0.36% in the prior quarter.
  • Across five years, Operating Margin topped out at 29.79% in Q4 2023 and bottomed at 21.49% in Q1 2023.
  • Average Operating Margin over 5 years is 4.55%, with a median of 5.98% recorded in 2022.
  • The largest annual shift saw Operating Margin crashed -1551bps in 2023 before it skyrocketed 1674bps in 2025.
  • Tucows' Operating Margin stood at 16.25% in 2022, then soared by 83bps to 29.79% in 2023, then plummeted by -50bps to 14.79% in 2024, then tumbled by -98bps to 0.36% in 2025, then plummeted by -1342bps to 4.46% in 2026.
  • Per Business Quant, the three most recent readings for TCX's Operating Margin are 4.46% (Q1 2026), 0.36% (Q4 2025), and 9.72% (Q3 2025).