I was looking at fundamentals for SalesForce (CRM) and noticed that their profit margin higher than operating margin:
Profitability
Profit Margin 1.48%
Operating Margin (ttm) 0.21%
In my understanding margins should go from higher to lower in this order:
- Gross profit margin
- Operating margin
- Profit margin
Could anybody explain how is it possible for operating margin be higher than profit margin?