Basis: Latest reported fiscal quarter. Source: stored company filings and market data; unavailable inputs remain N/A.
Is the operating margin high or low?
The operating margin of 35.67% is in line with its 5-year average of 37.31%, around the middle of its 5-year range (27.20%–50.58%).
As of the fiscal period ended Tuesday, March 31, 2026. 11.66% above its 12-month average of 31.94%.
Reported quarterly operating margin; no daily interpolation.
OPERATING MARGIN
35.67%
OPERATING MARGIN AVG TTM
31.94%
OPERATING MARGIN AVG 3Y
34.76%
OPERATING MARGIN AVG 5Y
37.31%
OPERATING MARGIN AVG 10Y
26.05%
OPERATING MARGIN AVG 15Y
26.11%
OPERATING MARGIN AVG 20Y
31.55%
CURRENT VS TTM AVG
+11.66%
CURRENT VS 3Y AVG
+2.63%
CURRENT VS 5Y AVG
-4.39%
CURRENT VS 10Y AVG
+36.92%
CURRENT VS 15Y AVG
+36.63%
CURRENT VS 20Y AVG
+13.07%
SECTOR MEDIAN · ENERGY
16.66%
median of 42 covered companies
CURRENT VS SECTOR MEDIAN
+114.10%
vs the sector median at left
APA Corporation
Market Cap
$13.30B
Operating Margin
35.67%
TTM Avg
31.94%
3Y Avg
34.76%
5Y Avg
37.31%
Market Cap
$10.10B
Operating Margin
56.05%
TTM Avg
53.61%
3Y Avg
54.17%
5Y Avg
43.65%
Market Cap
$6.22B
Operating Margin
12.70%
TTM Avg
16.19%
3Y Avg
14.46%
5Y Avg
3.45%
Market Cap
$5.53B
Operating Margin
8.27%
TTM Avg
8.49%
3Y Avg
13.92%
5Y Avg
15.90%
Market Cap
$21.49B
Operating Margin
17.49%
TTM Avg
-0.77%
3Y Avg
17.98%
5Y Avg
-10.55%
Market Cap
$4.62B
Operating Margin
20.70%
TTM Avg
22.83%
3Y Avg
29.75%
5Y Avg
25.77%
Market Cap
$3.71B
Operating Margin
6.20%
TTM Avg
11.29%
3Y Avg
11.09%
5Y Avg
-4.30%
Market Cap
$3.63B
Operating Margin
11.19%
TTM Avg
11.02%
3Y Avg
14.68%
5Y Avg
17.04%
Market Cap
$23.50B
Operating Margin
74.92%
TTM Avg
75.28%
3Y Avg
77.94%
5Y Avg
77.33%
| NAME | MARKET CAP | OPERATING MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| APA Corporation (APA) | $13.30B | 35.67% | 31.94% | 34.76% | 37.31% |
| Antero Midstream Corporation (AM)vs › | $10.10B | 56.05% | 53.61% | 54.17% | 43.65% |
| Weatherford International plc (WFRD)vs › | $6.22B | 12.70% | 16.19% | 14.46% | 3.45% |
| Enphase Energy, Inc. (ENPH)vs › | $5.53B | 8.27% | 8.49% | 13.92% | 15.90% |
| Expand Energy Corporation (EXE)vs › | $21.49B | 17.49% | -0.77% | 17.98% | -10.55% |
| California Resources Corp (CRC)vs › | $4.62B | 20.70% | 22.83% | 29.75% | 25.77% |
| Helmerich & Payne, Inc. (HP)vs › | $3.71B | 6.20% | 11.29% | 11.09% | -4.30% |
| Centrus Energy Corp. (LEU)vs › | $3.63B | 11.19% | 11.02% | 14.68% | 17.04% |
| Texas Pacific Land Corporation (TPL)vs › | $23.50B | 74.92% | 75.28% | 77.94% | 77.33% |
| SolarEdge Technologies, Inc. (SEDG)vs › | $1.93B | -24.07% | -106.78% | -51.72% | -31.09% |
Gross Margin
37.3%
Operating Margin
35.7%
Operating Margin = Operating Income / Revenue
Operating margin is the percentage of revenue remaining after operating expenses, reflecting operating efficiency.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
| DATE | OPERATING MARGIN |
|---|---|
| 2026-03-31 | 35.67% |
| 2025-12-31 | 32.14% |
| 2025-09-30 | 31.77% |
| 2025-06-30 | 30.81% |
| 2025-03-31 | 29.32% |
| 2024-12-31 | 30.64% |
| 2024-09-30 | 34.61% |
| 2024-06-30 | 35.16% |
| 2024-03-31 | 31.42% |
| 2023-12-31 | 42.04% |
| 2023-09-30 | 39.77% |
| 2023-06-30 | 37.03% |
| 2023-03-31 | 41.43% |
| 2022-12-31 | 41.10% |
| 2022-09-30 | 43.85% |
| 2022-06-30 | 50.41% |
| 2022-03-31 | 50.58% |
| 2021-12-31 | 46.72% |
| 2021-09-30 | 38.71% |
| 2021-06-30 | 33.03% |
| 2021-03-31 | 27.20% |
| 2020-12-31 | 14.93% |
| 2020-09-30 | 13.75% |
| 2020-06-30 | -35.11% |
| 2020-03-31 | 7.51% |
| 2019-12-31 | -16.49% |
| 2019-09-30 | 8.83% |
| 2019-06-30 | 16.15% |
| 2019-03-31 | 17.71% |
| 2018-12-31 | 12.68% |
| 2018-09-30 | 32.29% |
| 2018-06-30 | 31.61% |
| 2018-03-31 | 27.78% |
| 2017-12-31 | 26.34% |
| 2017-09-30 | 2.02% |
| 2017-06-30 | 9.88% |
| 2017-03-31 | 19.51% |
| 2016-12-31 | 6.12% |
| 2016-09-30 | 2.78% |
| 2016-06-30 | -0.87% |
| 2016-03-31 | -24.01% |
| 2015-12-31 | -576.90% |
| 2015-09-30 | -19.21% |
| 2015-06-30 | 14.45% |
| 2015-03-31 | -409.80% |
| 2014-12-31 | -99.69% |
| 2014-09-30 | -15.59% |
| 2014-06-30 | 33.16% |
| 2014-03-31 | 40.53% |
| 2013-12-31 | 24.62% |
| 2013-09-30 | 25.96% |
| 2013-06-30 | 41.39% |
| 2013-03-31 | 35.69% |
| 2012-12-31 | 38.45% |
| 2012-09-30 | 22.02% |
| 2012-06-30 | 22.04% |
| 2012-03-31 | 36.03% |
| 2011-12-31 | 46.10% |
| 2011-09-30 | 49.86% |
| 2011-06-30 | 50.21% |
| 2011-03-31 | 50.37% |
| 2010-12-31 | 43.84% |
| 2010-09-30 | 46.60% |
| 2010-06-30 | 49.06% |
| 2010-03-31 | 48.26% |
| 2009-12-31 | 45.36% |
| 2009-09-30 | 39.97% |
| 2009-06-30 | 40.51% |
| 2009-03-31 | -144.95% |
| 2008-12-31 | -260.25% |
| 2008-09-30 | 55.62% |
| 2008-06-30 | 61.73% |
| 2008-03-31 | 54.79% |
| 2007-12-31 | 53.85% |
| 2007-09-30 | 50.36% |
| 2007-06-30 | 49.19% |
| 2007-03-31 | 44.81% |
| 2006-12-31 | 43.05% |
| 2006-09-30 | 45.42% |
| 2006-06-30 | 52.03% |
| 2006-03-31 | 53.42% |
| 2005-12-31 | 59.62% |
| 2005-09-30 | 58.22% |
| 2005-06-30 | 56.58% |
| 2005-03-31 | 56.75% |
| 2004-12-31 | 59.44% |
| 2004-09-30 | 55.33% |
| 2004-06-30 | 53.49% |
| 2004-03-31 | 50.46% |
| 2003-12-31 | 47.05% |
| 2003-09-30 | 47.38% |
| 2003-06-30 | 49.01% |
| 2003-03-31 | 57.25% |
| 2002-12-31 | 47.17% |
| 2002-09-30 | 41.56% |
| 2002-06-30 | 42.82% |
