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 26.38% is in line with its 5-year average of 27.69%, near the low end of its 5-year range (24.11%–50.03%).
22.98% below its 12-month average of 34.25%.
Reported quarterly operating margin; no daily interpolation. Q2 FY2026 (2026-06-30): 27.22%.
OPERATING MARGIN
26.38%
OPERATING MARGIN AVG TTM
34.25%
OPERATING MARGIN AVG 3Y
29.10%
OPERATING MARGIN AVG 5Y
27.69%
OPERATING MARGIN AVG 10Y
26.98%
OPERATING MARGIN AVG 15Y
28.30%
OPERATING MARGIN AVG 20Y
N/A
CURRENT VS TTM AVG
-22.98%
CURRENT VS 3Y AVG
-9.35%
CURRENT VS 5Y AVG
-4.74%
CURRENT VS 10Y AVG
-2.22%
CURRENT VS 15Y AVG
-6.79%
CURRENT VS 20Y AVG
N/A
SECTOR MEDIAN · CONSUMER DEFENSIVE
11.72%
median of 52 covered companies
CURRENT VS SECTOR MEDIAN
+124.99%
vs the sector median at left
Anheuser-Busch InBev SA/NV
Market Cap
$157.36B
Operating Margin
26.38%
TTM Avg
34.25%
3Y Avg
29.10%
5Y Avg
27.69%
Market Cap
$120.98B
Operating Margin
39.04%
TTM Avg
24.81%
3Y Avg
7.48%
5Y Avg
18.07%
Market Cap
$117.08B
Operating Margin
55.95%
TTM Avg
57.37%
3Y Avg
57.17%
5Y Avg
55.93%
Market Cap
$87.18B
Operating Margin
29.16%
TTM Avg
27.47%
3Y Avg
26.85%
5Y Avg
29.22%
Market Cap
$79.59B
Operating Margin
11.42%
TTM Avg
13.40%
3Y Avg
13.32%
5Y Avg
14.00%
Market Cap
$69.63B
Operating Margin
20.65%
TTM Avg
21.56%
3Y Avg
21.08%
5Y Avg
21.73%
| NAME | MARKET CAP | OPERATING MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Anheuser-Busch InBev SA/NV (BUD) | $157.36B | 26.38% | 34.25% | 29.10% | 27.69% |
| PepsiCo, Inc. (PEP)vs › | $183.51B | 14.96% | 14.20% | 13.71% | 13.86% |
| British American Tobacco p.l.c. (BTI)vs › | $120.98B | 39.04% | 24.81% | 7.48% | 18.07% |
| Altria Group, Inc. (MO)vs › | $117.08B | 55.95% | 57.37% | 57.17% | 55.93% |
| Monster Beverage Corporation (MNST)vs › | $87.18B | 29.16% | 27.47% | 26.85% | 29.22% |
| Mondelez International, Inc. (MDLZ)vs › | $79.59B | 11.42% | 13.40% | 13.32% | 14.00% |
| Nestlé S.A. (NSRGY)vs › | $242.59B | 15.94% | 16.00% | 15.02% | 15.17% |
| Target Corporation (TGT)vs › | $70.25B | 5.59% | 5.05% | 5.14% | 5.48% |
| Colgate-Palmolive Company (CL)vs › | $69.63B | 20.65% | 21.56% | 21.08% | 21.73% |
| Coca-Cola Europacific Partners PLC (CCEP)vs › | $45.53B | 13.36% | 11.89% | 12.15% | 11.22% |
Gross Margin
55.9%
Operating Margin
26.4%
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 | 27.22% |
| 2025-12-31 | 25.51% |
| 2025-06-30 | 50.03% |
| 2024-12-31 | 26.57% |
| 2024-06-30 | 25.26% |
| 2023-12-31 | 25.02% |
| 2023-06-30 | 24.11% |
| 2022-12-31 | 25.75% |
| 2022-06-30 | 25.01% |
| 2021-12-31 | 24.78% |
| 2021-06-30 | 25.36% |
| 2020-12-31 | 17.66% |
| 2020-06-30 | 10.83% |
| 2019-12-31 | 30.47% |
| 2019-06-30 | 31.68% |
| 2018-12-31 | 31.40% |
| 2018-06-30 | 30.16% |
| 2017-12-31 | 31.69% |
| 2017-06-30 | 28.68% |
| 2016-12-31 | 27.53% |
| 2016-06-30 | 28.75% |
| 2015-12-31 | 30.72% |
| 2015-06-30 | 30.68% |
| 2014-12-31 | 30.98% |
| 2014-06-30 | 31.11% |
| 2013-12-31 | 61.92% |
| 2013-06-30 | 29.76% |
| 2012-12-31 | 33.78% |
| 2012-06-30 | 30.28% |
| 2011-12-31 | 32.43% |
| 2011-06-30 | 30.12% |
| 2010-12-31 | 30.25% |
| 2010-06-30 | 28.73% |
| 2009-12-31 | 0.00% |
