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

Terawulf (WULF) Operating Margin (2016 - 2025)

Terawulf's Operating Margin history spans 16 years, with the latest figure at 138.43% for Q4 2025.

  • For Q4 2025, Operating Margin rose 24228.0% year-over-year to 138.43%; the TTM value through Dec 2025 reached 232.05%, up 29200.0%, while the annual FY2025 figure was 110.54%, 5612.0% down from the prior year.
  • Operating Margin for Q4 2025 was 138.43% at Terawulf, down from 250.99% in the prior quarter.
  • Across five years, Operating Margin topped out at 3841.32% in Q3 2024 and bottomed at 4224.42% in Q1 2022.
  • The 5-year median for Operating Margin is 19.53% (2023), against an average of 65.75%.
  • The largest annual shift saw Operating Margin tumbled -416989bps in 2022 before it skyrocketed 414447bps in 2023.
  • A 5-year view of Operating Margin shows it stood at 15.15% in 2021, then crashed by -824bps to 139.94% in 2022, then surged by 86bps to 20.04% in 2023, then tumbled by -418bps to 103.84% in 2024, then soared by 233bps to 138.43% in 2025.
  • Per Business Quant, the three most recent readings for WULF's Operating Margin are 138.43% (Q4 2025), 250.99% (Q3 2025), and 388.58% (Q2 2025).