ChoiceOne Financial Services, Inc.
Profit Margins
| Fiscal Year | Gross Margin | Operating Margin | Net Margin |
|---|---|---|---|
| FY2016 | — | 35.0% | 23.1% |
| FY2017 | — | 36.0% | 22.1% |
| FY2018 | — | 35.5% | 23.8% |
| FY2019 | — | 24.4% | 13.3% |
| FY2020 | — | 30.1% | 20.0% |
| FY2021 | — | 31.5% | 22.8% |
| FY2022 | — | 34.6% | 23.1% |
| FY2023 | — | 42.4% | 15.4% |
| FY2024 | — | 23.8% | 19.2% |
| FY2025 | — | 15.0% | 12.4% |