MiX Telematics Profit Margin

MiX Telematics (MIXT) currently reports a profit margin of 3.72% as of December 2023. That compares with 3.98% in the prior-year period — down 6.7% year over year. That is below the Technology sector average of 33.7%. Use the charts on this page to explore MiX Telematics's profit margin history and peer comparisons.

MiX Telematics's profit margin decreased from 3.98% to 3.72% — a 6.7% year-over-year decrease (period ending December 2023). Watching multi-year history on the chart below helps separate one-off swings from a lasting trend.

MiX Telematics's profit margin of 3.72% is lower than the Technology sector average of 33.7%. That is roughly 89.0% below the sector mean. A reading lower peers can reflect different growth expectations, capital structure, or profitability — so it is worth checking the peer comparison chart before drawing conclusions.

There is no universal 'good' profit margin, but MiX Telematics's current 3.72% should be judged against Technology norms (sector average: 33.7%) and against MIXT's own history. Strong, stable readings often indicate durable competitive advantage; volatile or declining ones deserve a closer look at margins and capital efficiency.

Start with the current profit margin of 3.72%, then check the historical chart for trend and the peer comparison chart for relative positioning. The Technology average is 33.7%. From there, open related valuation or income-statement pages for MiX Telematics, and consider following MIXT for alerts when major investors trade the stock.