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 2.44% is 582% above its 5-year average of 0.36%, near the high end of its 5-year range (-79.80%–15.90%).
As of the fiscal period ended Tuesday, March 31, 2026. 274.66% above its 12-month average of -1.40%.
Reported quarterly operating margin; no daily interpolation.
OPERATING MARGIN
2.44%
OPERATING MARGIN AVG TTM
-1.40%
OPERATING MARGIN AVG 3Y
4.83%
OPERATING MARGIN AVG 5Y
7.09%
OPERATING MARGIN AVG 10Y
10.00%
OPERATING MARGIN AVG 15Y
11.95%
OPERATING MARGIN AVG 20Y
13.86%
CURRENT VS TTM AVG
+274.66%
CURRENT VS 3Y AVG
-49.37%
CURRENT VS 5Y AVG
-65.54%
CURRENT VS 10Y AVG
-75.56%
CURRENT VS 15Y AVG
-79.55%
CURRENT VS 20Y AVG
-82.37%
SECTOR MEDIAN · HEALTHCARE
15.61%
median of 79 covered companies
CURRENT VS SECTOR MEDIAN
-84.35%
vs the sector median at left
Baxter International Inc.
Market Cap
$11.57B
Operating Margin
2.44%
TTM Avg
-1.40%
3Y Avg
4.83%
5Y Avg
7.09%
Market Cap
$11.21B
Operating Margin
12.70%
TTM Avg
13.11%
3Y Avg
19.83%
5Y Avg
21.02%
Market Cap
$11.96B
Operating Margin
14.44%
TTM Avg
15.23%
3Y Avg
16.08%
5Y Avg
17.45%
Market Cap
$10.91B
Operating Margin
11.77%
TTM Avg
9.13%
3Y Avg
12.39%
5Y Avg
13.51%
Market Cap
$10.37B
Operating Margin
-2.02%
TTM Avg
-7.24%
3Y Avg
-2.92%
5Y Avg
-1.15%
Market Cap
$10.31B
Operating Margin
0.66%
TTM Avg
2.96%
3Y Avg
3.72%
5Y Avg
4.01%
Market Cap
$9.75B
Operating Margin
11.50%
TTM Avg
11.05%
3Y Avg
9.46%
5Y Avg
10.06%
| NAME | MARKET CAP | OPERATING MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Baxter International Inc. (BAX) | $11.57B | 2.44% | -1.40% | 4.83% | 7.09% |
| Insulet Corp. (PODD)vs › | $11.31B | 17.48% | 16.20% | 12.06% | 10.90% |
| Bio-Techne Corporation (TECH)vs › | $11.21B | 12.70% | 13.11% | 19.83% | 21.02% |
| Align Technology, Inc. (ALGN)vs › | $11.96B | 14.44% | 15.23% | 16.08% | 17.45% |
| Charles River Laboratories International, Inc. (CRL)vs › | $10.91B | 11.77% | 9.13% | 12.39% | 13.51% |
| Revvity, Inc. (RVTY)vs › | $12.32B | 12.41% | 13.70% | 16.38% | 21.25% |
| Walgreens Boots Alliance, Inc. (WBA)vs › | $10.37B | -2.02% | -7.24% | -2.92% | -1.15% |
| Molina Healthcare, Inc. (MOH)vs › | $10.31B | 0.66% | 2.96% | 3.72% | 4.01% |
| Universal Health Services, Inc. (UHS)vs › | $9.75B | 11.50% | 11.05% | 9.46% | 10.06% |
| Henry Schein, Inc. (HSIC)vs › | $9.74B | 5.60% | 5.75% | 6.18% | 6.20% |
Gross Margin
30.1%
Operating Margin
2.4%
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 | 2.44% |
| 2025-12-31 | -24.51% |
| 2025-09-30 | 6.07% |
| 2025-06-30 | 6.80% |
| 2025-03-31 | 2.21% |
| 2024-12-31 | -15.80% |
| 2024-09-30 | 5.74% |
| 2024-06-30 | 6.64% |
| 2024-03-31 | 4.62% |
| 2023-12-31 | 8.47% |
| 2023-09-30 | 6.89% |
| 2023-06-30 | -0.46% |
| 2023-03-31 | 3.67% |
| 2022-12-31 | 9.08% |
| 2022-09-30 | -79.80% |
| 2022-06-30 | 7.35% |
| 2022-03-31 | 4.40% |
| 2021-12-31 | 10.90% |
| 2021-09-30 | 15.90% |
| 2021-06-30 | 13.69% |
| 2021-03-31 | 13.24% |
| 2020-12-31 | 12.76% |
| 2020-09-30 | 15.81% |
| 2020-06-30 | 12.18% |
| 2020-03-31 | 14.60% |
| 2019-12-31 | 17.64% |
| 2019-09-30 | 17.64% |
| 2019-06-30 | 12.35% |
| 2019-03-31 | 14.52% |
| 2018-12-31 | 14.01% |
| 2018-09-30 | 13.84% |
| 2018-06-30 | 13.51% |
| 2018-03-31 | 16.14% |
| 2017-12-31 | 10.20% |
| 2017-09-30 | 11.08% |
| 2017-06-30 | 13.32% |
| 2017-03-31 | 14.26% |
| 2016-12-31 | 10.66% |
| 2016-09-30 | 7.27% |
| 2016-06-30 | 2.63% |
| 2016-03-31 | 7.92% |
| 2015-12-31 | 6.84% |
| 2015-09-30 | 3.70% |
| 2015-06-30 | 3.52% |
| 2015-03-31 | 3.83% |
| 2014-12-31 | 17.84% |
| 2014-09-30 | 8.01% |
| 2014-06-30 | 15.86% |
| 2014-03-31 | 17.46% |
| 2013-12-31 | 10.37% |
| 2013-09-30 | 17.63% |
| 2013-06-30 | 22.57% |
| 2013-03-31 | 20.74% |
| 2012-12-31 | 15.29% |
| 2012-09-30 | 22.35% |
| 2012-06-30 | 21.75% |
| 2012-03-31 | 20.45% |
| 2011-12-31 | 17.39% |
| 2011-09-30 | 21.41% |
| 2011-06-30 | 23.50% |
| 2011-03-31 | 22.69% |
| 2010-12-31 | 14.95% |
| 2010-09-30 | 24.26% |
| 2010-06-30 | 21.85% |
| 2010-03-31 | 4.54% |
| 2009-12-31 | 21.12% |
| 2009-09-30 | 23.28% |
| 2009-06-30 | 23.92% |
| 2009-03-31 | 23.55% |
| 2008-12-31 | 22.42% |
| 2008-09-30 | 19.36% |
| 2008-06-30 | 22.01% |
| 2008-03-31 | 19.12% |
| 2007-12-31 | 20.27% |
| 2007-09-30 | 18.55% |
| 2007-06-30 | 18.52% |
| 2007-03-31 | 19.59% |
| 2006-12-31 | 18.89% |
| 2006-09-30 | 19.71% |
| 2006-06-30 | 16.12% |
| 2006-03-31 | 16.11% |
| 2005-12-31 | 13.97% |
| 2005-09-30 | 16.10% |
| 2005-06-30 | 21.23% |
| 2005-03-31 | 13.81% |
| 2004-12-31 | 7.80% |
| 2004-09-30 | 16.25% |
| 2004-06-30 | -11.14% |
| 2004-03-31 | 13.17% |
| 2003-12-31 | 20.42% |
| 2003-09-30 | 17.89% |
| 2003-06-30 | 1.34% |
| 2003-03-31 | 16.57% |
| 2002-12-31 | 18.32% |
| 2002-09-30 | 20.88% |
| 2002-06-30 | 17.66% |
