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Ranking 2023 of companies by operating margin

Operating margin is the portion of revenue that remains once business costs are paid (excluding financial costs and tax). Fiscal year 2023.

Share prices and capitalizations at 2026-10-29·Annual accounts for the fiscal year 2023·Calculated on 2026-11-01· 17945 companies ranked
Metric : operating result / revenue of fiscal year 2023 (in %), currency-neutral ratio. Universe : revenue of at least 50 M$, margin between 0 and 100 %. Only companies with published data are ranked: a missing value excludes the company, it is never replaced by zero or estimated.
#EnterpriseMarketSector Operating MarginRevenue
1AllianceBernstein Holding L.P.AB🇺🇸United StatesFinancial Services100,0 %299,8 M$
2FBD Holdings plcEG7.IR🇮🇪EuropeFinancial Services100,0 %472,8 M$
3Morguard CorporationMRCBF🇨🇦CanadaReal Estate100,0 %879,4 M$
4Orpea S.A.ORPEF🇫🇷FranceHealthcare100,0 %5,81 billion $
5China CITIC Financial Asset Management Co., Ltd.2799.HK🇨🇳ChinaFinancial Services99,8 %1,56 billion $
6Cairo Mezz PLCCAIROMEZ.AT🇨🇾OthersFinancial Services99,8 %137,6 M$
7Tri-Continental CorporationTY🇺🇸United StatesFinancial Services99,7 %253,9 M$
8Future Generation Global LimitedFGG.AX🇦🇺AustraliaFinancial Services99,7 %59,9 M$
9Natural Resource Partners L.P.NRP🇺🇸United StatesEnergy99,6 %293,7 M$
10MFF Capital Investments LimitedMFF.AX🇦🇺AustraliaFinancial Services99,4 %464,0 M$
11United Corporations LimitedUCPLF🇨🇦CanadaFinancial Services99,4 %297,9 M$
12AB Industrivärden (publ)INDU-C.ST🇸🇪EuropeFinancial Services99,2 %2,77 billion $
13KBC Ancora SCAKBCA.BR🇧🇪EuropeFinancial Services99,2 %423,1 M$
14FRMO CorporationFRMO🇺🇸United StatesFinancial Services99,1 %138,4 M$
15Georgia Capital PLCGRGCF🇺🇸United StatesIndustrials98,9 %237,3 M$
16VGP N.V.VGP.BR🇧🇪EuropeReal Estate98,8 %134,4 M$
17Music Licensing, Inc.SONG🇺🇸United StatesCommunication Services98,8 %1,05 billion $
18Sound Point Meridian Capital IncSPMC🇺🇸United StatesFinancial Services98,6 %64,5 M$
19Admie Holding S.A.ADMIE.AT🇬🇷EuropeUtilities98,5 %66,5 M$
20Mesaieed Petrochemical Holding Company Q.P.S.C.MPHC.QA🇶🇦OthersBasic Materials98,5 %302,0 M$
21JPMorgan Global Growth & Income plcJGGI.L🇬🇧United KingdomFinancial Services98,4 %780,6 M$
22Foresight Environmental Infra OrdFGEN.L🇬🇧United KingdomFinancial Services98,3 %133,9 M$
23Sherborne Investors (Guernsey) C LimitedSIGC.L🇺🇸United StatesFinancial Services98,3 %59,9 M$
24Hansa Investment Company LimitedHAN.L🇬🇧United KingdomFinancial Services98,2 %124,7 M$
25BlackRock Technology and Private Equity Term TrustBTX🇺🇸United StatesHealthcare98,1 %215,6 M$
26Alliance Witan OrdALW.L🇬🇧United KingdomFinancial Services98,0 %828,5 M$
27Hiscox LtdHCXLY🇺🇸United StatesFinancial Services97,7 %3,70 billion $
28China Merchants Commercial Real Estate Investment Trust1503.HK🇭🇰Hong KongReal Estate97,5 %73,5 M$
29Langham Hospitality Investments Limited1270.HK🇭🇰Hong KongConsumer Cyclical97,3 %65,5 M$
30Yangzijiang Financial Holding Ltd.YF8.SI🇸🇬OthersFinancial Services96,9 %272,6 M$
31Hearts and Minds Investments LimitedHM1.AX🇦🇺AustraliaFinancial Services96,9 %59,3 M$
32Caisse Régionale de Crédit Agricole du MorbihanCMO.PA🇫🇷FranceFinancial Services96,7 %230,7 M$
33Bradespar S.A.BRAP4.SA🇧🇷OthersFinancial Services96,6 %361,5 M$
34Bajaj Holdings & Investment LimitedBAJAJHLDNG.NS🇮🇳IndiaFinancial Services96,6 %546,6 M$
35Fidelity Asian Values PLCFAS.L🇬🇧United KingdomFinancial Services96,5 %62,0 M$
36Fidelity Emerging Markets LimitedFEML.L🇬🇧United KingdomFinancial Services96,5 %133,0 M$
37abrdn Asia Focus plcAAS.L🇬🇧United KingdomFinancial Services96,4 %53,6 M$
38BOC Aviation LimitedBCVVF🇸🇬OthersIndustrials96,4 %2,07 billion $
39Caisse Régionale de Crédit Agricole Mutuel Nord de France Société coopérativeCNDF.PA🇫🇷FranceFinancial Services96,2 %673,4 M$
40JPMorgan European Growth & Income plcJEGI.L🇬🇧United KingdomFinancial Services96,2 %106,5 M$
41BB Seguridade Participações S.A.BBSEY🇧🇷OthersFinancial Services96,1 %1,72 billion $
42LandBridge Company LLCLB🇺🇸United StatesEnergy96,1 %72,9 M$
43Cymbria CorporationCYMBF🇺🇸United StatesFinancial Services96,1 %173,8 M$
44Ally Freehold And Leasehold Real Estate Investment TrustALLY.BK🇹🇭OthersReal Estate96,0 %50,4 M$
45Companhia Habitasul de ParticipaçõesHBTS5.SA🇧🇷OthersReal Estate95,9 %58,6 M$
46WHA Corporation Public Company LimitedWHA.BK🇹🇭OthersReal Estate95,9 %440,6 M$
47Swedish Logistic Property ABSLP-B.ST🇸🇪EuropeReal Estate95,9 %59,5 M$
48Lowland Investment Company plcLWI.L🇬🇧United KingdomFinancial Services95,8 %76,8 M$
49First Citizens BancShares, Inc.FCNCA🇺🇸United StatesFinancial Services95,6 %12,64 billion $
50Deterra Royalties LimitedDETRF🇦🇺AustraliaBasic Materials95,5 %161,2 M$
51Labrador Iron Ore Royalty CorporationLIFZF🇨🇦CanadaBasic Materials95,5 %143,3 M$
52Argo Investments LimitedARG.AX🇦🇺AustraliaFinancial Services95,4 %200,7 M$
53Australian Foundation Investment Company LimitedAFI.AX🇦🇺AustraliaFinancial Services95,2 %245,2 M$
54Bank of Japan8301.T🇯🇵JapanFinancial Services95,2 %31,17 billion $
55GCP Infrastructure Investments LimitedGCP.L🇯🇪OthersFinancial Services94,6 %57,0 M$
56Scatec ASASCATC.OL🇳🇴EuropeUtilities94,5 %474,6 M$
57Urbana CorporationUBAAF🇺🇸United StatesFinancial Services94,5 %58,6 M$
58Topaz Energy Corp.TPZEF🇨🇦CanadaEnergy94,3 %230,1 M$
59China Development Bank Financial Leasing Co., Ltd.1606.HK🇨🇳ChinaFinancial Services93,6 %2,33 billion $
60MSC Income Fund, Inc.MSIF🇺🇸United StatesFinancial Services93,5 %74,8 M$
61Villar International Ltd.VILR.TA🌍OthersReal Estate93,2 %106,0 M$
62Federal Home Loan Mortgage CorporationFMCC🇺🇸United StatesFinancial Services93,2 %107,66 billion $
63Sichuan Hexie Shuangma Co., Ltd.000935.SZ🇨🇳ChinaFinancial Services93,2 %183,3 M$
64Target Healthcare REIT PLCTHRL.L🇬🇧United KingdomReal Estate93,0 %105,1 M$
65WAM Capital LimitedWAM.AX🇦🇺AustraliaFinancial Services93,0 %241,4 M$
66Avation PLCAVAP.L🇸🇬OthersIndustrials93,0 %89,5 M$
67NEPI Rockcastle S.A.NRP.AS🇮🇲OthersReal Estate92,9 %865,9 M$
68Gulfport Energy CorporationGPOR🇺🇸United StatesEnergy92,7 %1,05 billion $
69Caissa Tosun Development Co., Ltd.000796.SZ🇨🇳ChinaConsumer Cyclical92,7 %87,5 M$
70Plato Income Maximiser LimitedPL8.AX🇦🇺AustraliaFinancial Services92,7 %59,7 M$
71VICI Properties Inc.VICI🇺🇸United StatesReal Estate92,6 %3,61 billion $
72HarbourVest Global Private Equity LimitedHVPE.L🇬🇧United KingdomFinancial Services92,5 %149,2 M$
73Kingdom Holding Company4280.SR🇸🇦OthersIndustrials92,4 %720,9 M$
74Arena REITARF.AX🇦🇺AustraliaReal Estate92,3 %65,6 M$
75Power Grid Corporation of India LimitedPOWERGRID.BO🇮🇳IndiaUtilities92,3 %4,80 billion $
76Fairfax India Holdings CorporationFFXDF🇨🇦CanadaFinancial Services92,2 %490,1 M$
77Sasseur Real Estate Investment TrustCRPU.SI🇸🇬OthersReal Estate92,2 %99,1 M$
78BF Utilities LimitedBFUTILITIE.BO🇮🇳IndiaUtilities91,7 %79,9 M$
79LondonMetric Property PlcLNSPF🇬🇧United KingdomReal Estate91,5 %182,7 M$
80WAM Global LimitedWGB.AX🇦🇺AustraliaFinancial Services91,5 %83,5 M$
81Sella Capital Real Estate Ltd.SLARL.TA🇮🇱OthersReal Estate91,4 %112,8 M$
82Ping An Insurance (Group) Company of China, Ltd.PIAIF🇨🇳ChinaFinancial Services91,1 %136,29 billion $
83Freehold Royalties Ltd.FRHLF🇺🇸United StatesEnergy90,9 %225,2 M$
84Pantheon Infrastructure PLCPINT.L🇬🇧United KingdomFinancial Services90,8 %73,2 M$
85Saha Pathana Inter-Holding Public Company LimitedSPI.BK🇹🇭OthersReal Estate90,6 %129,7 M$
86AG Mortgage Investment Trust, Inc.MITT🇺🇸United StatesReal Estate90,5 %274,7 M$
873i Infrastructure plc3IN.L🇬🇧United KingdomFinancial Services89,9 %517,0 M$
88VEF AB (Publ)VEFAB.ST🇸🇪EuropeFinancial Services89,8 %74,9 M$
89Tianqi Lithium Corporation002466.SZ🇨🇳ChinaBasic Materials89,6 %6,09 billion $
90China Merchants Bank Co., Ltd.CIHKY🇺🇸United StatesFinancial Services89,4 %44,76 billion $
91Centuria Industrial REITCIP.AX🇦🇺AustraliaReal Estate89,4 %160,7 M$
92Caixa Seguridade Participações S.A.CXSE3.SA🌍OthersFinancial Services89,4 %859,1 M$
93PrairieSky Royalty Ltd.PREKF🇨🇦CanadaEnergy89,3 %343,4 M$
94WHA Premium Growth Freehold And Leasehold Real Estate Investment TrustWHART.BK🇹🇭OthersReal Estate89,2 %100,7 M$
95Awilco Drilling PLCAWLCF🇬🇧United KingdomEnergy89,0 %125,3 M$
96PNB Gilts Ltd.PNBGILTS.BO🇮🇳IndiaFinancial Services88,3 %100,1 M$
97Fibra ShopFSHOP13.MX🇲🇽OthersReal Estate88,3 %102,6 M$
98Waypoint REITWPR.AX🇦🇺AustraliaReal Estate88,2 %115,5 M$
99Bright Smart Securities & Commodities Group Limited1428.HK🇭🇰Hong KongFinancial Services88,1 %125,1 M$
100BSP Financial Group LimitedBFL.AX🇦🇺AustraliaFinancial Services88,1 %670,6 M$
Raw data (JSON)

⚠ Ranking provided for information purposes, based on public data. It does not constitute investment advice. Values may contain source errors and change with financial publications.

Frequently Asked Questions

About this ranking

How is this 2023 ranking established?
It ranks companies according to their operating margin for the 2023 fiscal year, based on annual accounts and published data. No value is estimated: a company without this data is simply excluded.
Are the values comparable between countries?
Yes: it is a ratio or a percentage variation, currency neutral.
Is this ranking investment advice?
No. It is provided purely for informational purposes and does not constitute investment advice. Investing involves the risk of capital loss.

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