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Asset Utilization RatioAssets AverageEBIT MarginEBITDA MarginEBT MarginEnterprise ValueEquity AverageEquity RatioFCF MarginFCF Payout RatioGross MarginInterest Coverage RatioInvested CapitalNet MarginOperating MarginReturn on AssetsReturn on EquityReturn on Invested CapitalReturn on SalesTimes Interest Earned

White Mountains Insurance (WTM) Operating Margin (2016 - 2026)

White Mountains Insurance has reported Operating Margin over the past 17 years, most recently at 15.1% for Q4 2025.

  • For Q4 2025, Operating Margin rose 273.0% year-over-year to 15.1%; the TTM value through Dec 2025 reached 12.65%, up 267.0%, while the annual FY2025 figure was 13.96%, 51.0% up from the prior year.
  • Operating Margin for Q4 2025 was 15.1% at White Mountains Insurance, up from 10.61% in the prior quarter.
  • Over five years, Operating Margin peaked at 32.72% in Q2 2022 and troughed at 4.99% in Q2 2021.
  • A 5-year average of 13.63% and a median of 12.47% in 2022 define the central range for Operating Margin.
  • Biggest five-year swings in Operating Margin: skyrocketed 2773bps in 2022 and later plummeted -2136bps in 2023.
  • Year by year, Operating Margin stood at 15.91% in 2021, then dropped by -21bps to 12.57% in 2022, then soared by 38bps to 17.31% in 2023, then fell by -29bps to 12.37% in 2024, then rose by 22bps to 15.1% in 2025.
  • Business Quant data shows Operating Margin for WTM at 15.1% in Q4 2025, 10.61% in Q3 2025, and 16.36% in Q2 2025.