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Progress Acquisition (Progress Acquisition) Operating Margin % : 0.00% (As of Sep. 2022)


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What is Progress Acquisition Operating Margin %?

Operating Margin % is calculated as Operating Income divided by its Revenue. Progress Acquisition's Operating Income for the three months ended in Sep. 2022 was $-0.86 Mil. Progress Acquisition's Revenue for the three months ended in Sep. 2022 was $0.00 Mil. Therefore, Progress Acquisition's Operating Margin % for the quarter that ended in Sep. 2022 was 0.00%.

The historical rank and industry rank for Progress Acquisition's Operating Margin % or its related term are showing as below:


PGRWU's Operating Margin % is not ranked *
in the Diversified Financial Services industry.
Industry Median: 3.78
* Ranked among companies with meaningful Operating Margin % only.

Progress Acquisition's 5-Year Average Operating Margin % Growth Rate was 0.00% per year.

Progress Acquisition's Operating Income for the three months ended in Sep. 2022 was $-0.86 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Sep. 2022 was $-2.67 Mil.


Progress Acquisition Operating Margin % Historical Data

The historical data trend for Progress Acquisition's Operating Margin % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Progress Acquisition Operating Margin % Chart

Progress Acquisition Annual Data
Trend Dec20 Dec21
Operating Margin %
- -

Progress Acquisition Quarterly Data
Oct20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22
Operating Margin % Get a 7-Day Free Trial - - - - -

Competitive Comparison of Progress Acquisition's Operating Margin %

For the Shell Companies subindustry, Progress Acquisition's Operating Margin %, along with its competitors' market caps and Operating Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Progress Acquisition's Operating Margin % Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, Progress Acquisition's Operating Margin % distribution charts can be found below:

* The bar in red indicates where Progress Acquisition's Operating Margin % falls into.



Progress Acquisition Operating Margin % Calculation

Operating Margin % - also known as operating income margin, operating profit margin and return on sales (ROS) - is the ratio of Operating Income divided by net sales or Revenue, usually presented in percent.

Progress Acquisition's Operating Margin % for the fiscal year that ended in Dec. 2021 is calculated as

Operating Margin %=Operating Income (A: Dec. 2021 ) / Revenue (A: Dec. 2021 )
=-0.992 / 0
= %

Progress Acquisition's Operating Margin % for the quarter that ended in Sep. 2022 is calculated as

Operating Margin %=Operating Income (Q: Sep. 2022 ) / Revenue (Q: Sep. 2022 )
=-0.861 / 0
= %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Progress Acquisition  (NAS:PGRWU) Operating Margin % Explanation

Just like Gross Margin %, it is important to see a company maintains its operating margin over time. Among the same industry, a company with higher operating margin is more efficient in its operation. It is also more stable during industry slowdown or recessions. Peter Lynch prefers those with higher margins than those with lower margins.


Be Aware

Operating Margin % can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).

If a company is facing competition, its Operating Margin % may decline. Often the Operating Margin % declines well before the company's Revenue or even profit decline. Therefore, Operating Margin % is a very important indicator of whether the company is facing problems.

For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokia’s Operating Margin % had already been in decline since 2002, although its Earnings per Share (Diluted) were still rising. Investors who paid attention to Operating Margin % would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).

Therefore, Operating Margin % is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.


Progress Acquisition Operating Margin % Related Terms

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Progress Acquisition (Progress Acquisition) Business Description

Traded in Other Exchanges
N/A
Address
50 Milk Street, 16th Floor, Boston, TX, USA, 02109
Progress Acquisition Corp is a blank check company.
Executives
Rcg Lv Pearl Llc 10 percent owner 599 LEXINGTON AVENUE, NEW YORK NY 10022
Cowen Inc. 10 percent owner 599 LEXINGTON AVENUE, 20TH FLOOR, NEW YORK NY 10022
Jeffrey A Altman 10 percent owner 640 FIFTH AVENUE, 20TH FLOOR, NEW YORK NY 10019
Owl Creek Asset Management, L.p. 10 percent owner 640 FIFTH AVENUE, 20TH FLOOR, NEW YORK NY 10019
Cowen Holdings, Inc. 10 percent owner 1221 AVENUE OF THE AMERICAS, NEW YORK NY 10020
Cowen And Company, Llc 10 percent owner 599 LEXINGTON AVENUE, 20TH FLOOR, NEW YORK NY 10022
Isos Sponsor Iii Llc other: Member of sponsor 55 POST ROAD W, SUITE 200, WESTPORT CT 06880
Winston Meade officer: Chief Strategy Officer 55 POST ROAD W, SUITE 200, WESTPORT CT 06880
George A. Barrios officer: Co-President of Issuer C/O 1241 EAST MAIN STREET, STAMFORD CT 06902
Michelle D Wilson officer: Co-President of Issuer C/O WORLD WRESTLING ENTERTAINMENT, INC., 1241 EAST MAIN STREET, STAMFORD CT 06902
Luisa Ingargiola director 4826 BLUE JAY CIRCLE, PALM HARBOR FL 34683
Sanjay Puri director 50 MILK STREET, 16TH FLOOR, BOSTON MA 02109
Richard Battista director C/O LODGENET INTERACTIVE CORPORATION, 3900 WEST INNOVATION STREET, SIOUX FALLS SD 57107-7002
David J Arslanian 10 percent owner, officer: President 76 SUMMER ST. 5TH FLOOR, BOSTON MA 02110
Progress Capital I, Llc 10 percent owner 50 MILK STREET, 16TH FLOOR, BOSTON MA 02109