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 0.84% is 60% above its 5-year average of 0.52%, near the high end of its 5-year range (-2.09%–1.33%).
As of the fiscal period ended Tuesday, March 31, 2026. 16.49% below its 12-month average of 1.00%.
Reported quarterly operating margin; no daily interpolation.
OPERATING MARGIN
0.84%
OPERATING MARGIN AVG TTM
1.00%
OPERATING MARGIN AVG 3Y
0.89%
OPERATING MARGIN AVG 5Y
0.65%
OPERATING MARGIN AVG 10Y
1.00%
OPERATING MARGIN AVG 15Y
1.31%
OPERATING MARGIN AVG 20Y
1.42%
CURRENT VS TTM AVG
-16.49%
CURRENT VS 3Y AVG
-6.37%
CURRENT VS 5Y AVG
+27.71%
CURRENT VS 10Y AVG
-16.74%
CURRENT VS 15Y AVG
-36.18%
CURRENT VS 20Y AVG
-41.23%
SECTOR MEDIAN · HEALTHCARE
15.61%
median of 79 covered companies
CURRENT VS SECTOR MEDIAN
-94.65%
vs the sector median at left
Cardinal Health, Inc.
Market Cap
$53.87B
Operating Margin
0.84%
TTM Avg
1.00%
3Y Avg
0.89%
5Y Avg
0.65%
Market Cap
$49.56B
Operating Margin
28.09%
TTM Avg
26.16%
3Y Avg
28.11%
5Y Avg
28.79%
Market Cap
$60.00B
Operating Margin
10.61%
TTM Avg
11.84%
3Y Avg
11.67%
5Y Avg
10.68%
Market Cap
$44.10B
Operating Margin
31.63%
TTM Avg
30.27%
3Y Avg
29.30%
5Y Avg
28.64%
Market Cap
$39.08B
Operating Margin
21.50%
TTM Avg
22.07%
3Y Avg
21.88%
5Y Avg
20.79%
Market Cap
$38.68B
Operating Margin
13.57%
TTM Avg
14.15%
3Y Avg
13.50%
5Y Avg
11.74%
Market Cap
$69.46B
Operating Margin
21.60%
TTM Avg
17.76%
3Y Avg
16.30%
5Y Avg
14.57%
| NAME | MARKET CAP | OPERATING MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Cardinal Health, Inc. (CAH) | $53.87B | 0.84% | 1.00% | 0.89% | 0.65% |
| Edwards Lifesciences Corporation (EW)vs › | $49.56B | 28.09% | 26.16% | 28.11% | 28.79% |
| Becton, Dickinson and Company (BDX)vs › | $60.00B | 10.61% | 11.84% | 11.67% | 10.68% |
| Cencora, Inc. (COR)vs › | $60.57B | 1.28% | 1.08% | 1.06% | 1.09% |
| IDEXX Laboratories, Inc. (IDXX)vs › | $44.10B | 31.63% | 30.27% | 29.30% | 28.64% |
| Humana Inc. (HUM)vs › | $43.67B | 1.51% | 1.25% | 2.37% | 3.27% |
| Agilent Technologies, Inc. (A)vs › | $39.08B | 21.50% | 22.07% | 21.88% | 20.79% |
| IQVIA Holdings Inc. (IQV)vs › | $38.68B | 13.57% | 14.15% | 13.50% | 11.74% |
| Boston Scientific Corporation (BSX)vs › | $69.46B | 21.60% | 17.76% | 16.30% | 14.57% |
| Cigna Corporation (CI)vs › | $73.82B | 3.46% | 3.56% | 4.04% | 4.30% |
Gross Margin
3.7%
Operating Margin
0.8%
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 |
|---|---|
| 2026-03-31 | 0.84% |
| 2025-12-31 | 1.08% |
| 2025-09-30 | 1.04% |
| 2025-06-30 | 0.71% |
| 2025-03-31 | 1.33% |
| 2024-12-31 | 0.99% |
| 2024-09-30 | 1.09% |
| 2024-06-30 | 0.68% |
| 2024-03-31 | 0.67% |
| 2023-12-31 | 0.88% |
| 2023-09-30 | -0.06% |
| 2023-06-30 | 0.26% |
| 2023-03-31 | 1.13% |
| 2022-12-31 | -0.23% |
| 2022-09-30 | 0.28% |
| 2022-06-30 | 0.08% |
| 2022-03-31 | -0.22% |
| 2021-12-31 | -2.09% |
| 2021-09-30 | 0.94% |
| 2021-06-30 | 0.38% |
| 2021-03-31 | 1.20% |
| 2020-12-31 | 1.11% |
| 2020-09-30 | -1.60% |
| 2020-06-30 | 0.74% |
| 2020-03-31 | 1.44% |
| 2019-12-31 | 0.84% |
| 2019-09-30 | -14.10% |
| 2019-06-30 | 0.82% |
| 2019-03-31 | 1.23% |
| 2018-12-31 | 1.34% |
| 2018-09-30 | 2.32% |
| 2018-06-30 | -3.06% |
| 2018-03-31 | 1.62% |
| 2017-12-31 | 1.13% |
| 2017-09-30 | 0.80% |
| 2017-06-30 | 1.33% |
| 2017-03-31 | 1.90% |
| 2016-12-31 | 1.63% |
| 2016-09-30 | 1.67% |
| 2016-06-30 | 1.98% |
| 2016-03-31 | 2.14% |
| 2015-12-31 | 1.79% |
| 2015-09-30 | 2.21% |
| 2015-06-30 | 2.03% |
| 2015-03-31 | 2.33% |
| 2014-12-31 | 2.14% |
| 2014-09-30 | 1.94% |
| 2014-06-30 | 1.69% |
| 2014-03-31 | 2.37% |
| 2013-12-31 | 2.33% |
| 2013-09-30 | 1.92% |
| 2013-06-30 | -1.74% |
| 2013-03-31 | 1.93% |
| 2012-12-31 | 2.01% |
| 2012-09-30 | 1.77% |
| 2012-06-30 | 1.51% |
| 2012-03-31 | 1.96% |
| 2011-12-31 | 1.66% |
| 2011-09-30 | 1.54% |
| 2011-06-30 | 1.34% |
| 2011-03-31 | 1.72% |
| 2010-12-31 | 1.36% |
| 2010-09-30 | 1.49% |
| 2010-06-30 | 1.37% |
| 2010-03-31 | 1.50% |
| 2009-12-31 | 1.47% |
| 2009-09-30 | 0.97% |
| 2009-06-30 | 1.69% |
| 2009-03-31 | 1.58% |
| 2008-12-31 | 1.30% |
| 2008-09-30 | 1.22% |
| 2008-06-30 | 2.34% |
| 2008-03-31 | 2.52% |
| 2007-12-31 | 2.23% |
| 2007-09-30 | 2.23% |
| 2007-06-30 | 1.89% |
| 2007-03-31 | -0.04% |
| 2006-12-31 | 2.35% |
| 2006-09-30 | 2.15% |
| 2006-06-30 | 2.46% |
| 2006-03-31 | 2.65% |
| 2005-12-31 | 2.36% |
| 2005-09-30 | 1.96% |
| 2005-06-30 | 2.57% |
| 2005-03-31 | 3.12% |
| 2004-12-31 | 1.73% |
| 2004-09-30 | 2.04% |
| 2004-06-30 | 3.33% |
| 2004-03-31 | 4.07% |
| 2003-12-31 | 3.58% |
| 2003-09-30 | 3.39% |
| 2003-06-30 | 3.79% |
| 2003-03-31 | 4.23% |
| 2002-12-31 | 4.19% |
| 2002-09-30 | 3.57% |
| 2002-06-30 | 3.61% |