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 25.51% is in line with its 5-year average of 26.82%, near the low end of its 5-year range (17.66%–50.03%).
As of the fiscal period ended Wednesday, December 31, 2025. 25.05% below its 12-month average of 34.03%.
Reported quarterly operating margin; no daily interpolation.
OPERATING MARGIN
25.51%
OPERATING MARGIN AVG TTM
34.03%
OPERATING MARGIN AVG 3Y
28.89%
OPERATING MARGIN AVG 5Y
26.82%
OPERATING MARGIN AVG 10Y
27.16%
OPERATING MARGIN AVG 15Y
28.41%
OPERATING MARGIN AVG 20Y
N/A
CURRENT VS TTM AVG
-25.05%
CURRENT VS 3Y AVG
-11.71%
CURRENT VS 5Y AVG
-4.90%
CURRENT VS 10Y AVG
-6.09%
CURRENT VS 15Y AVG
-10.21%
CURRENT VS 20Y AVG
N/A
SECTOR MEDIAN · CONSUMER DEFENSIVE
11.75%
median of 48 covered companies
CURRENT VS SECTOR MEDIAN
+117.00%
vs the sector median at left
Anheuser-Busch InBev SA/NV
Market Cap
$170.32B
Operating Margin
25.51%
TTM Avg
34.03%
3Y Avg
28.89%
5Y Avg
26.82%
Market Cap
$114.07B
Operating Margin
55.95%
TTM Avg
57.37%
3Y Avg
57.17%
5Y Avg
55.93%
Market Cap
$94.26B
Operating Margin
29.34%
TTM Avg
27.47%
3Y Avg
26.85%
5Y Avg
29.22%
Market Cap
$79.53B
Operating Margin
11.42%
TTM Avg
13.40%
3Y Avg
13.32%
5Y Avg
14.00%
Market Cap
$73.06B
Operating Margin
20.65%
TTM Avg
21.56%
3Y Avg
21.08%
5Y Avg
21.73%
Market Cap
$48.51B
Operating Margin
12.00%
TTM Avg
11.89%
3Y Avg
12.15%
5Y Avg
11.22%
Market Cap
$297.41B
Operating Margin
37.75%
TTM Avg
36.06%
3Y Avg
35.88%
5Y Avg
37.61%
| NAME | MARKET CAP | OPERATING MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Anheuser-Busch InBev SA/NV (BUD) | $170.32B | 25.51% | 34.03% | 28.89% | 26.82% |
| PepsiCo, Inc. (PEP)vs › | $190.64B | 14.96% | 14.20% | 13.71% | 13.86% |
| Altria Group, Inc. (MO)vs › | $114.07B | 55.95% | 57.37% | 57.17% | 55.93% |
| Monster Beverage Corporation (MNST)vs › | $94.26B | 29.34% | 27.47% | 26.85% | 29.22% |
| Mondelez International, Inc. (MDLZ)vs › | $79.53B | 11.42% | 13.40% | 13.32% | 14.00% |
| Colgate-Palmolive Company (CL)vs › | $73.06B | 20.65% | 21.56% | 21.08% | 21.73% |
| Target Corporation (TGT)vs › | $65.62B | 4.49% | 5.05% | 5.14% | 5.48% |
| Coca-Cola Europacific Partners PLC (CCEP)vs › | $48.51B | 12.00% | 11.89% | 12.15% | 11.22% |
| Philip Morris International Inc. (PM)vs › | $297.41B | 37.75% | 36.06% | 35.88% | 37.61% |
| Keurig Dr Pepper Inc. (KDP)vs › | $42.34B | 21.29% | 21.78% | 21.23% | 21.52% |
Gross Margin
55.7%
Operating Margin
25.5%
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 |
|---|---|
| 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% |
