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 12.92% is 27% above its 5-year average of 10.20%, near the high end of its 5-year range (-0.50%–13.52%).
0.25% above its 12-month average of 12.89%.
Reported quarterly operating margin; no daily interpolation. Q2 FY2026 (2026-06-30): 12.67%.
OPERATING MARGIN
12.92%
OPERATING MARGIN AVG TTM
12.89%
OPERATING MARGIN AVG 3Y
11.75%
OPERATING MARGIN AVG 5Y
10.20%
OPERATING MARGIN AVG 10Y
6.49%
OPERATING MARGIN AVG 15Y
N/A
OPERATING MARGIN AVG 20Y
N/A
CURRENT VS TTM AVG
+0.25%
CURRENT VS 3Y AVG
+10.00%
CURRENT VS 5Y AVG
+26.65%
CURRENT VS 10Y AVG
+99.16%
CURRENT VS 15Y AVG
N/A
CURRENT VS 20Y AVG
N/A
SECTOR MEDIAN · ENERGY
18.52%
median of 50 covered companies
CURRENT VS SECTOR MEDIAN
-30.22%
vs the sector median at left
Baker Hughes Company
Market Cap
$57.60B
Operating Margin
12.92%
TTM Avg
12.89%
3Y Avg
11.75%
5Y Avg
10.20%
Market Cap
$57.05B
Operating Margin
23.01%
TTM Avg
19.63%
3Y Avg
24.70%
5Y Avg
17.59%
Market Cap
$60.75B
Operating Margin
23.13%
TTM Avg
18.91%
3Y Avg
15.82%
5Y Avg
14.84%
Market Cap
$52.84B
Operating Margin
23.86%
TTM Avg
24.34%
3Y Avg
30.59%
5Y Avg
24.82%
Market Cap
$62.67B
Operating Margin
46.09%
TTM Avg
43.13%
3Y Avg
42.95%
5Y Avg
43.43%
Market Cap
$52.23B
Operating Margin
27.68%
TTM Avg
36.30%
3Y Avg
48.86%
5Y Avg
10.01%
Market Cap
$69.85B
Operating Margin
29.04%
TTM Avg
28.73%
3Y Avg
26.70%
5Y Avg
27.54%
| NAME | MARKET CAP | OPERATING MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Baker Hughes Company (BKR) | $57.60B | 12.92% | 12.89% | 11.75% | 10.20% |
| ONEOK, Inc. (OKE)vs › | $57.05B | 18.48% | 21.96% | 20.06% | 19.87% |
| Occidental Petroleum Corporation (OXY)vs › | $57.05B | 23.01% | 19.63% | 24.70% | 17.59% |
| MPLX Lp (MPLX)vs › | $59.68B | 42.91% | 44.40% | 45.59% | 37.76% |
| Targa Resources Corp. (TRGP)vs › | $60.75B | 23.13% | 18.91% | 15.82% | 14.84% |
| Devon Energy Corporation (DVN)vs › | $52.84B | 23.86% | 24.34% | 30.59% | 24.82% |
| TC Energy Corporation (TRP)vs › | $62.67B | 46.09% | 43.13% | 42.95% | 43.43% |
| Diamondback Energy, Inc. (FANG)vs › | $52.23B | 27.68% | 36.30% | 48.86% | 10.01% |
| Kinder Morgan, Inc. (KMI)vs › | $69.85B | 29.04% | 28.73% | 26.70% | 27.54% |
| Energy Transfer LP (ET)vs › | $70.51B | 10.60% | 11.23% | 10.41% | 10.39% |
Gross Margin
23.6%
Operating Margin
12.9%
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 | 12.67% |
| 2026-03-31 | 12.28% |
| 2025-12-31 | 13.13% |
| 2025-09-30 | 13.52% |
| 2025-06-30 | 12.84% |
| 2025-03-31 | 11.70% |
| 2024-12-31 | 12.83% |
| 2024-09-30 | 13.46% |
| 2024-06-30 | 11.67% |
| 2024-03-31 | 10.17% |
| 2023-12-31 | 9.52% |
| 2023-09-30 | 10.75% |
| 2023-06-30 | 8.14% |
| 2023-03-31 | 7.66% |
| 2022-12-31 | 11.23% |
| 2022-09-30 | 5.01% |
| 2022-06-30 | -0.50% |
| 2022-03-31 | 5.77% |
| 2021-12-31 | 10.46% |
| 2021-09-30 | 7.42% |
| 2021-06-30 | 3.77% |
| 2021-03-31 | 3.43% |
| 2020-12-31 | 3.31% |
| 2020-09-30 | -0.97% |
| 2020-06-30 | -1.10% |
| 2020-03-31 | -296.02% |
| 2019-12-31 | 5.20% |
| 2019-09-30 | 5.05% |
| 2019-06-30 | 4.52% |
| 2019-03-31 | 3.13% |
| 2018-12-31 | 6.10% |
| 2018-09-30 | 4.98% |
| 2018-06-30 | 1.41% |
| 2018-03-31 | -0.76% |
| 2017-12-31 | -1.60% |
| 2017-09-30 | -3.64% |
| 2017-06-30 | -2.19% |
| 2017-03-31 | 2.81% |
| 2016-12-31 | 8.08% |
| 2016-09-30 | 8.33% |
| 2016-06-30 | 9.87% |
| 2016-03-31 | 5.40% |
