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 -66.34% is 578% below its 5-year average of 13.88%, near the low end of its 5-year range (-79.83%–76.06%).
As of the fiscal period ended Tuesday, June 30, 2026. 4381.05% below its 12-month average of 1.55%.
Reported quarterly operating margin; no daily interpolation.
OPERATING MARGIN
-66.34%
OPERATING MARGIN AVG TTM
1.55%
OPERATING MARGIN AVG 3Y
23.18%
OPERATING MARGIN AVG 5Y
21.24%
OPERATING MARGIN AVG 10Y
22.22%
OPERATING MARGIN AVG 15Y
19.35%
OPERATING MARGIN AVG 20Y
18.09%
CURRENT VS TTM AVG
-4381.05%
CURRENT VS 3Y AVG
-386.23%
CURRENT VS 5Y AVG
-412.30%
CURRENT VS 10Y AVG
-398.63%
CURRENT VS 15Y AVG
-442.78%
CURRENT VS 20Y AVG
-466.79%
SECTOR MEDIAN · BASIC MATERIALS
14.03%
median of 42 covered companies
CURRENT VS SECTOR MEDIAN
-573.03%
vs the sector median at left
Air Products and Chemicals, Inc.
Market Cap
$65.67B
Operating Margin
-66.34%
TTM Avg
1.55%
3Y Avg
23.18%
5Y Avg
21.24%
Market Cap
$61.54B
Operating Margin
51.71%
TTM Avg
41.12%
3Y Avg
33.81%
5Y Avg
34.92%
Market Cap
$58.60B
Operating Margin
11.47%
TTM Avg
8.93%
3Y Avg
15.28%
5Y Avg
14.44%
Market Cap
$49.51B
Operating Margin
71.81%
TTM Avg
58.56%
3Y Avg
53.73%
5Y Avg
54.19%
Market Cap
$82.74B
Operating Margin
16.36%
TTM Avg
16.21%
3Y Avg
15.41%
5Y Avg
15.09%
| NAME | MARKET CAP | OPERATING MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Air Products and Chemicals, Inc. (APD) | $65.67B | -66.34% | 1.55% | 23.18% | 21.24% |
| Vale S.A. (VALE)vs › | $64.22B | 27.84% | 28.66% | 32.64% | 35.64% |
| CRH plc (CRH)vs › | $63.49B | 13.48% | 14.27% | 13.76% | 12.85% |
| Barrick Mining Corporation (B)vs › | $61.54B | 51.71% | 41.12% | 33.81% | 34.92% |
| Nucor Corporation (NUE)vs › | $58.60B | 11.47% | 8.93% | 15.28% | 14.44% |
| Ecolab Inc. (ECL)vs › | $78.14B | 17.37% | 17.36% | 15.04% | 14.65% |
| Corteva, Inc. (CTVA)vs › | $52.64B | 10.43% | 13.73% | 12.69% | 10.85% |
| Wheaton Precious Metals Corp. (WPM)vs › | $49.51B | 71.81% | 58.56% | 53.73% | 54.19% |
| The Sherwin-Williams Company (SHW)vs › | $82.74B | 16.36% | 16.21% | 15.41% | 15.09% |
| Johnson Controls International plc (JCI)vs › | $88.84B | 13.90% | 11.27% | 10.80% | 10.46% |
Gross Margin
32.1%
Operating Margin
-66.3%
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 |
|---|---|
| 2026-06-30 | -66.34% |
| 2026-03-31 | 23.73% |
| 2025-12-31 | 23.67% |
| 2025-09-30 | 0.53% |
| 2025-06-30 | 26.16% |
| 2025-03-31 | -79.83% |
| 2024-12-31 | 21.95% |
| 2024-09-30 | 76.06% |
| 2024-06-30 | 24.71% |
| 2024-03-31 | 21.75% |
| 2023-12-31 | 22.26% |
| 2023-09-30 | 23.14% |
| 2023-06-30 | 21.23% |
| 2023-03-31 | 14.37% |
| 2022-12-31 | 20.54% |
| 2022-09-30 | 17.55% |
| 2022-06-30 | 19.67% |
| 2022-03-31 | 19.08% |
| 2021-12-31 | 17.47% |
| 2021-09-30 | 21.71% |
| 2021-06-30 | 22.16% |
| 2021-03-31 | 21.92% |
| 2020-12-31 | 22.70% |
| 2020-09-30 | 24.15% |
| 2020-06-30 | 26.11% |
| 2020-03-31 | 26.04% |
| 2019-12-31 | 24.88% |
| 2019-09-30 | 26.42% |
| 2019-06-30 | 25.62% |
| 2019-03-31 | 23.61% |
| 2018-12-31 | 20.46% |
| 2018-09-30 | 23.22% |
| 2018-06-30 | 22.83% |
| 2018-03-31 | 21.13% |
| 2017-12-31 | 20.78% |
| 2017-09-30 | 20.68% |
| 2017-06-30 | 12.19% |
| 2017-03-31 | 19.98% |
| 2016-12-31 | 17.44% |
| 2016-09-30 | 22.21% |
| 2016-06-30 | 20.61% |
| 2016-03-31 | 20.91% |
| 2015-12-31 | 19.96% |
| 2015-09-30 | 19.28% |
| 2015-06-30 | 17.20% |
| 2015-03-31 | 15.61% |
| 2014-12-31 | 16.79% |
| 2014-09-30 | 5.38% |
| 2014-06-30 | 15.71% |
| 2014-03-31 | 14.90% |
| 2013-12-31 | 15.15% |
| 2013-09-30 | 6.93% |
| 2013-06-30 | 15.04% |
| 2013-03-31 | 15.69% |
| 2012-12-31 | 14.53% |
| 2012-09-30 | 6.06% |
| 2012-06-30 | 20.63% |
| 2012-03-31 | 12.28% |
| 2011-12-31 | 14.60% |
| 2011-09-30 | 16.29% |
| 2011-06-30 | 16.17% |
| 2011-03-31 | 17.46% |
| 2010-12-31 | 15.08% |
| 2010-09-30 | 15.61% |
| 2010-06-30 | 14.94% |
| 2010-03-31 | 15.14% |
| 2009-12-31 | 15.87% |
| 2009-09-30 | 15.40% |
| 2009-06-30 | 7.28% |
| 2009-03-31 | 13.32% |
| 2008-12-31 | 5.20% |
| 2008-09-30 | 28.41% |
| 2008-06-30 | 2.41% |
| 2008-03-31 | 12.98% |
| 2007-12-31 | 15.04% |
| 2007-09-30 | 15.22% |
| 2007-06-30 | 14.58% |
| 2007-03-31 | 13.13% |
| 2006-12-31 | 14.00% |
| 2006-09-30 | 10.21% |
| 2006-06-30 | 12.58% |
| 2006-03-31 | 12.20% |
| 2005-12-31 | 12.08% |
| 2005-09-30 | 12.03% |
| 2005-06-30 | 12.64% |
| 2005-03-31 | 12.59% |
| 2004-12-31 | 11.97% |
| 2004-09-30 | 11.98% |
| 2004-06-30 | 12.35% |
| 2004-03-31 | 11.32% |
| 2003-12-31 | 11.80% |
| 2003-09-30 | 11.51% |
| 2003-06-30 | 2.45% |
| 2003-03-31 | 11.17% |
| 2002-12-31 | 13.41% |
| 2002-09-30 | 15.79% |
