Farmers and Merchants Bancshares, Inc.
Profit Margins
| Fiscal Year | Gross Margin | Operating Margin | Net Margin |
|---|---|---|---|
| FY2016 | — | 47.1% | 25.3% |
| FY2017 | — | 46.2% | 23.4% |
| FY2018 | — | 50.1% | 28.3% |
| FY2019 | — | 56.2% | 27.6% |
| FY2020 | — | 34.2% | 13.8% |
| FY2021 | — | 53.5% | 32.5% |
| FY2022 | — | 48.2% | 30.6% |
| FY2023 | — | 79.7% | 27.9% |
| FY2024 | — | 24.4% | 18.9% |
| FY2025 | — | 28.0% | 21.9% |