Basis: Trailing twelve months (TTM). Source: stored company filings and market data; unavailable inputs remain N/A.
Is the operating margin high or low?
The operating margin of -2.39% is 138% below its 5-year average of 6.23%, near the high end of its 5-year range (-79.80%–15.90%).
537.79% below its 12-month average of -0.37%.
Reported quarterly operating margin; no daily interpolation. Q2 FY2026 (2026-06-30): 7.33%.
OPERATING MARGIN
-2.39%
OPERATING MARGIN AVG TTM
-0.37%
OPERATING MARGIN AVG 3Y
5.16%
OPERATING MARGIN AVG 5Y
6.23%
OPERATING MARGIN AVG 10Y
9.98%
OPERATING MARGIN AVG 15Y
11.69%
OPERATING MARGIN AVG 20Y
13.75%
CURRENT VS TTM AVG
-537.79%
CURRENT VS 3Y AVG
-146.33%
CURRENT VS 5Y AVG
-138.39%
CURRENT VS 10Y AVG
-123.94%
CURRENT VS 15Y AVG
-120.45%
CURRENT VS 20Y AVG
-117.38%
SECTOR MEDIAN · HEALTHCARE
14.90%
median of 90 covered companies
CURRENT VS SECTOR MEDIAN
-116.04%
vs the sector median at left
Baxter International Inc.
Market Cap
$12.61B
Operating Margin
-2.39%
TTM Avg
-0.37%
3Y Avg
5.16%
5Y Avg
6.23%
Market Cap
$12.38B
Operating Margin
12.84%
TTM Avg
17.41%
3Y Avg
16.25%
5Y Avg
15.86%
Market Cap
$12.05B
Operating Margin
18.00%
TTM Avg
16.91%
3Y Avg
21.06%
5Y Avg
16.78%
Market Cap
$13.41B
Operating Margin
12.35%
TTM Avg
9.13%
3Y Avg
12.39%
5Y Avg
13.51%
Market Cap
$11.31B
Operating Margin
20.73%
TTM Avg
14.55%
3Y Avg
18.31%
5Y Avg
20.93%
Market Cap
$10.95B
Operating Margin
13.33%
TTM Avg
15.23%
3Y Avg
16.08%
5Y Avg
17.45%
| NAME | MARKET CAP | OPERATING MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Baxter International Inc. (BAX) | $12.61B | -2.39% | -0.37% | 5.16% | 6.23% |
| Penumbra, Inc. (PEN)vs › | $12.59B | 12.45% | 10.35% | 7.09% | 3.40% |
| The Cooper Companies, Inc. (COO)vs › | $12.38B | 12.84% | 17.41% | 16.25% | 15.86% |
| Encompass Health Corporation (EHC)vs › | $12.05B | 18.00% | 16.91% | 21.06% | 16.78% |
| Charles River Laboratories International, Inc. (CRL)vs › | $13.41B | 12.35% | 9.13% | 12.39% | 13.51% |
| DaVita Inc. (DVA)vs › | $11.75B | 15.06% | 15.52% | 13.94% | 14.32% |
| Revvity, Inc. (RVTY)vs › | $13.82B | 12.32% | 13.70% | 16.38% | 21.25% |
| Bio-Techne Corporation (TECH)vs › | $11.31B | 20.73% | 14.55% | 18.31% | 20.93% |
| Align Technology, Inc. (ALGN)vs › | $10.95B | 13.33% | 15.23% | 16.08% | 17.45% |
| Tempus AI, Inc. (TEM)vs › | $10.74B | -19.76% | -59.77% | -59.80% | -72.77% |
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 |
|---|---|
| 2026-06-30 | 7.33% |
| 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% |
