Sunday, 8 November 2026 Weekly snapshot · Not investment advice standard-equity.report
Breakdown Tables
Rel margin
A segment's margin against the margin of the profit-making segments together: 1.00x is the group's own.
Definition
In Profit by segment, the segment's share of profit divided by its share of revenue (the two columns before it), both over the segments that made a profit. 1.50x earns half as much again per unit of revenue as the group; 0.50x earns half as much.
Why it matters
A segment can be half the sales and a tenth of the profit. This shows it in one number, without comparing two columns of shares.
How Standard Equity uses it
A level in the latest year, not a change. A dash for a profit line that also includes items outside its segments (Berkshire's insurance), and for a segment whose profit is above its revenue (an oil major's upstream sells mostly inside the group).
The metric
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