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CD Projekt SA
WSE:CDR

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CD Projekt SA
WSE:CDR
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Price: 243.8 PLN 1.16% Market Closed
Market Cap: zł24.4B

Operating Margin

54.4%
Current
Improving
by 12.8%
vs 3-y average of 41.6%

Operating Margin shows how much profit a company makes from its regular business activities after covering operating costs. It helps measure how efficiently the company turns sales into profit.

Operating Margin
54.4%
=
Operating Income
zł471.5m
/
Revenue
zł867m

Operating Margin shows how much profit a company makes from its regular business activities after covering operating costs. It helps measure how efficiently the company turns sales into profit.

Operating Margin
54.4%
=
Operating Income
zł471.5m
/
Revenue
zł867m

Peer Comparison

Country Company Market Cap Operating
Margin
PL
CD Projekt SA
WSE:CDR
24.3B PLN
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US
Activision Blizzard Inc
LSE:0H8X
74.1B USD
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CN
NetEase Inc
NASDAQ:NTES
72.7B USD
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JP
Nintendo Co Ltd
TSE:7974
10.2T JPY
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US
Electronic Arts Inc
NASDAQ:EA
50.9B USD
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SG
Sea Ltd
NYSE:SE
48.7B USD
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US
Roblox Corp
NYSE:RBLX
42.6B USD
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US
Take-Two Interactive Software Inc
NASDAQ:TTWO
37B USD
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CN
Zhejiang Century Huatong Group Co Ltd
SZSE:002602
126.1B CNY
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JP
Konami Holdings Corp
TSE:9766
2.6T JPY
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JP
Nexon Co Ltd
TSE:3659
2.1T JPY
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Market Distribution

Higher than 95% of companies in Poland
Percentile
95th
Based on 835 companies
95th percentile
54.4%
Low
-10 083 900% — -1.5%
Typical Range
-1.5% — 11.7%
High
11.7% — 195 905.3%
Distribution Statistics
Poland
Min -10 083 900%
30th Percentile -1.5%
Median 5.4%
70th Percentile 11.7%
Max 195 905.3%

CD Projekt SA
Glance View

CD Projekt SA, a name that resonates wildly in the gaming industry, began its journey in 1994 as a Polish video game distributor. Over time, it transformed into an influential game developer and publisher, standing out prominently with its world-renowned title, "The Witcher" series. This success catapulted CD Projekt into the global spotlight, underpinned by a narrative-driven, open-world approach that garnered acclaim for both story depth and gameplay. The company thrives on its ability to craft rich, immersive worlds that captivate players worldwide, continuously raising the bar for quality in an industry where storytelling and technical prowess are paramount. The business model of CD Projekt is multifaceted, broadly encompassing game development, publishing, and distribution through its digital platform GOG.com. The bulk of its revenue originates from game sales, particularly high-profile releases like its latest endeavor, "Cyberpunk 2077". While "Cyberpunk 2077" faced initial turbulence post-launch due to various bugs and performance issues, the company has shown resilience, focusing on post-launch fixes and updates. Beyond direct game sales, CD Projekt also capitalizes on secondary channels such as merchandise, game expansions, and adaptations of its popular intellectual properties into other media forms, breeding a robust ecosystem around its flagship titles. Through GOG.com, CD Projekt offers a digital storefront that hosts a plethora of third-party games, promoting a gamer-friendly, DRM-free environment, which further diversifies its revenue streams and sustains its growth trajectory.

CDR Intrinsic Value
155.4 PLN
Overvaluation 36%
Intrinsic Value
Price zł243.8
C
What is Operating Margin?
Operating Margin shows how much profit a company makes from its regular business activities after covering operating costs. It helps measure how efficiently the company turns sales into profit.
How is Operating Margin calculated?

Operating Margin is calculated by dividing the Operating Income by the Revenue.

Operating Margin
54.4%
=
Operating Income
zł471.5m
/
Revenue
zł867m
What is CD Projekt SA's current Operating Margin?

The current Operating Margin for CD Projekt SA is 54.4%, which is above its 3-year median of 41.6%.

How has Operating Margin changed over time?

Over the last 3 years, CD Projekt SA’s Operating Margin has increased from 43.6% to 54.4%. During this period, it reached a low of 34.8% on Sep 30, 2024 and a high of 54.4% on Jan 1, 2026.

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