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 12.79% is 44% below its 5-year average of 22.88%, around the middle of its 5-year range (-2.50%–36.17%).
11.67% below its 12-month average of 14.48%.
Reported quarterly operating margin; no daily interpolation.
OPERATING MARGIN
12.79%
OPERATING MARGIN AVG TTM
14.48%
OPERATING MARGIN AVG 3Y
21.37%
OPERATING MARGIN AVG 5Y
22.88%
OPERATING MARGIN AVG 10Y
31.49%
OPERATING MARGIN AVG 15Y
34.76%
OPERATING MARGIN AVG 20Y
33.64%
CURRENT VS TTM AVG
-11.67%
CURRENT VS 3Y AVG
-40.15%
CURRENT VS 5Y AVG
-44.09%
CURRENT VS 10Y AVG
-59.39%
CURRENT VS 15Y AVG
-63.20%
CURRENT VS 20Y AVG
-61.98%
SECTOR MEDIAN · HEALTHCARE
14.90%
median of 90 covered companies
CURRENT VS SECTOR MEDIAN
-14.16%
vs the sector median at left
Market Cap
$30.38B
Operating Margin
12.70%
TTM Avg
13.37%
3Y Avg
13.23%
5Y Avg
14.11%
Market Cap
$30.23B
Operating Margin
28.22%
TTM Avg
28.07%
3Y Avg
28.30%
5Y Avg
28.33%
| NAME | MARKET CAP | OPERATING MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Biogen Inc. (BIIB) | $31.46B | 12.79% | 14.48% | 21.37% | 22.88% |
| Zoetis Inc. (ZTS)vs › | $31.09B | 37.00% | 37.33% | 36.70% | 36.14% |
| DexCom, Inc. (DXCM)vs › | $31.81B | 22.92% | 17.22% | 16.09% | 15.13% |
| ResMed Inc. (RMD)vs › | $32.06B | 33.48% | 33.11% | 30.30% | 29.57% |
| Centene Corp. (CNC)vs › | $32.16B | -2.82% | -0.98% | 0.21% | 0.84% |
| GE HealthCare Technologies Inc. (GEHC)vs › | $30.38B | 12.70% | 13.37% | 13.23% | 14.11% |
| Waters Corporation (WAT)vs › | $30.23B | 28.22% | 28.07% | 28.30% | 28.33% |
| Medline Inc. (MDLN)vs › | $29.80B | 6.07% | 8.25% | 6.70% | 6.70% |
| Alcon Inc. (ALC)vs › | $33.68B | 9.87% | 13.67% | 11.51% | 7.66% |
| Alnylam Pharmaceuticals, Inc. (ALNY)vs › | $34.90B | 20.81% | 2.82% | -21.37% | -56.25% |
Gross Margin
67.7%
Operating Margin
12.8%
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 | 11.63% |
| 2026-03-31 | 16.04% |
| 2025-12-31 | -2.50% |
| 2025-09-30 | 25.00% |
| 2025-06-30 | 22.23% |
| 2025-03-31 | 30.14% |
| 2024-12-31 | 20.74% |
| 2024-09-30 | 23.41% |
| 2024-06-30 | 14.87% |
| 2024-03-31 | 30.14% |
| 2023-12-31 | 21.47% |
| 2023-09-30 | 12.68% |
| 2023-06-30 | 28.08% |
| 2023-03-31 | 23.32% |
| 2022-12-31 | 21.95% |
| 2022-09-30 | 34.68% |
| 2022-06-30 | 36.17% |
| 2022-03-31 | 20.71% |
| 2021-12-31 | 18.54% |
| 2021-09-30 | 28.77% |
| 2021-06-30 | 16.97% |
| 2021-03-31 | 36.15% |
| 2020-12-31 | -11.59% |
| 2020-09-30 | 32.18% |
| 2020-06-30 | 53.63% |
| 2020-03-31 | 51.49% |
| 2019-12-31 | 48.42% |
| 2019-09-30 | 50.17% |
| 2019-06-30 | 54.08% |
| 2019-03-31 | 43.06% |
| 2018-12-31 | 40.92% |
| 2018-09-30 | 49.36% |
| 2018-06-30 | 36.14% |
| 2018-03-31 | 49.01% |
| 2017-12-31 | 44.34% |
| 2017-09-30 | 53.74% |
| 2017-06-30 | 39.01% |
| 2017-03-31 | 36.46% |
| 2016-12-31 | 30.86% |
| 2016-09-30 | 48.22% |
| 2016-06-30 | 50.46% |
| 2016-03-31 | 50.55% |
| 2015-12-31 | 41.14% |
| 2015-09-30 | 49.38% |
| 2015-06-30 | 47.58% |
| 2015-03-31 | 43.76% |
| 2014-12-31 | 43.92% |
| 2014-09-30 | 45.89% |
| 2014-06-30 | 40.83% |
| 2014-03-31 | 31.52% |
| 2013-12-31 | 33.47% |
| 2013-09-30 | 37.45% |
| 2013-06-30 | 37.86% |
| 2013-03-31 | 35.88% |
| 2012-12-31 | 30.61% |
| 2012-09-30 | 37.08% |
| 2012-06-30 | 35.59% |
| 2012-03-31 | 28.59% |
| 2011-12-31 | 30.84% |
| 2011-09-30 | 46.81% |
| 2011-06-30 | 33.99% |
| 2011-03-31 | 34.59% |
| 2010-12-31 | 29.14% |
| 2010-09-30 | 16.51% |
| 2010-06-30 | 32.64% |
| 2010-03-31 | 27.39% |
| 2009-12-31 | 34.02% |
| 2009-09-30 | 34.29% |
| 2009-06-30 | 20.39% |
| 2009-03-31 | 29.42% |
| 2008-12-31 | 30.40% |
| 2008-09-30 | 31.64% |
| 2008-06-30 | 29.88% |
| 2008-03-31 | 26.11% |
| 2007-12-31 | 29.38% |
| 2007-09-30 | 16.37% |
| 2007-06-30 | 26.70% |
| 2007-03-31 | 25.38% |
| 2006-12-31 | -187.00% |
| 2006-09-30 | 28.05% |
| 2006-06-30 | -18.49% |
| 2006-03-31 | 28.30% |
| 2005-12-31 | -122.72% |
| 2005-09-30 | 3.55% |
| 2005-06-30 | 7.65% |
| 2005-03-31 | 12.81% |
| 2004-12-31 | -207.12% |
| 2004-09-30 | 13.04% |
| 2004-06-30 | -0.27% |
| 2004-03-31 | -15.48% |
| 2003-12-31 | 356.83% |
| 2003-09-30 | 51.54% |
| 2003-06-30 | 34.92% |
| 2003-03-31 | 53.85% |
| 2002-12-31 | 27.20% |
| 2002-09-30 | 23.96% |
