FARMERS & MERCHANTS BANCORP, INC.
Profit Margins
| Fiscal Year | Gross Margin | Operating Margin | Net Margin |
|---|---|---|---|
| FY2016 | — | 45.8% | 26.0% |
| FY2017 | — | 49.2% | 27.1% |
| FY2018 | — | 48.9% | 29.5% |
| FY2019 | — | 57.4% | 28.2% |
| FY2020 | — | 46.5% | 26.2% |
| FY2021 | — | 42.3% | 27.0% |
| FY2022 | — | 53.5% | 31.7% |
| FY2023 | — | 89.2% | 23.4% |
| FY2024 | — | 32.1% | 25.5% |
| FY2025 | — | 35.0% | 27.4% |