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 19.42% is 147% above its 5-year average of 7.86%, near the high end of its 5-year range (-17.95%–23.57%).
As of the fiscal period ended Tuesday, March 31, 2026. 7.11% above its 12-month average of 18.13%.
Reported quarterly operating margin; no daily interpolation.
OPERATING MARGIN
19.42%
OPERATING MARGIN AVG TTM
18.13%
OPERATING MARGIN AVG 3Y
16.80%
OPERATING MARGIN AVG 5Y
7.86%
OPERATING MARGIN AVG 10Y
2.30%
OPERATING MARGIN AVG 15Y
5.90%
OPERATING MARGIN AVG 20Y
9.87%
CURRENT VS TTM AVG
+7.11%
CURRENT VS 3Y AVG
+15.58%
CURRENT VS 5Y AVG
+147.01%
CURRENT VS 10Y AVG
+746.07%
CURRENT VS 15Y AVG
+229.08%
CURRENT VS 20Y AVG
+96.80%
SECTOR MEDIAN · ENERGY
15.72%
median of 42 covered companies
CURRENT VS SECTOR MEDIAN
+23.52%
vs the sector median at left
Cameco Corporation
Market Cap
$38.43B
Operating Margin
19.42%
TTM Avg
18.13%
3Y Avg
16.80%
5Y Avg
7.86%
Market Cap
$32.97B
Operating Margin
34.70%
TTM Avg
23.91%
3Y Avg
28.96%
5Y Avg
10.49%
Market Cap
$32.33B
Operating Margin
34.05%
TTM Avg
36.01%
3Y Avg
47.14%
5Y Avg
37.71%
Market Cap
$27.45B
Operating Margin
18.84%
TTM Avg
24.34%
3Y Avg
30.59%
5Y Avg
24.82%
Market Cap
$27.19B
Operating Margin
74.42%
TTM Avg
75.28%
3Y Avg
77.94%
5Y Avg
77.33%
Market Cap
$26.43B
Operating Margin
11.44%
TTM Avg
13.43%
3Y Avg
14.48%
5Y Avg
8.81%
Market Cap
$24.72B
Operating Margin
31.10%
TTM Avg
28.70%
3Y Avg
37.80%
5Y Avg
36.12%
Market Cap
$21.40B
Operating Margin
17.49%
TTM Avg
-0.77%
3Y Avg
17.98%
5Y Avg
-10.55%
| NAME | MARKET CAP | OPERATING MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Cameco Corporation (CCJ) | $38.43B | 19.42% | 18.13% | 16.80% | 7.86% |
| EQT Corporation (EQT)vs › | $32.97B | 34.70% | 23.91% | 28.96% | 10.49% |
| Venture Global, Inc. (VG)vs › | $32.33B | 34.05% | 36.01% | 47.14% | 37.71% |
| Tenaris S.A. (TS)vs › | $30.44B | 19.10% | 19.23% | 23.17% | 15.11% |
| Devon Energy Corporation (DVN)vs › | $27.45B | 18.84% | 24.34% | 30.59% | 24.82% |
| Texas Pacific Land Corporation (TPL)vs › | $27.19B | 74.42% | 75.28% | 77.94% | 77.33% |
| Halliburton Company (HAL)vs › | $26.43B | 11.44% | 13.43% | 14.48% | 8.81% |
| Coterra Energy Inc. (CTRA)vs › | $24.72B | 31.10% | 28.70% | 37.80% | 36.12% |
| Expand Energy Corporation (EXE)vs › | $21.40B | 17.49% | -0.77% | 17.98% | -10.55% |
| Occidental Petroleum Corporation (OXY)vs › | $55.65B | 12.39% | 19.63% | 24.70% | 17.59% |
Gross Margin
29.8%
Operating Margin
19.4%
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 |
|---|---|
| 2026-03-31 | 19.42% |
| 2025-12-31 | 13.63% |
| 2025-09-30 | 15.14% |
| 2025-06-30 | 18.92% |
| 2025-03-31 | 23.54% |
| 2024-12-31 | 15.30% |
| 2024-09-30 | 13.92% |
| 2024-06-30 | 17.04% |
| 2024-03-31 | 20.01% |
| 2023-12-31 | 2.06% |
| 2023-09-30 | 23.57% |
| 2023-06-30 | 7.32% |
| 2023-03-31 | 13.79% |
| 2022-12-31 | -11.18% |
| 2022-09-30 | -4.45% |
| 2022-06-30 | 15.06% |
| 2022-03-31 | 1.74% |
| 2021-12-31 | -0.47% |
| 2021-09-30 | -17.95% |
| 2021-06-30 | -10.63% |
| 2021-03-31 | -10.69% |
| 2020-12-31 | 10.52% |
| 2020-09-30 | -16.86% |
| 2020-06-30 | -14.36% |
| 2020-03-31 | 0.78% |
| 2019-12-31 | 19.50% |
| 2019-09-30 | -11.68% |
| 2019-06-30 | -4.26% |
| 2019-03-31 | -8.80% |
| 2018-12-31 | 18.52% |
| 2018-09-30 | -11.20% |
| 2018-06-30 | -15.53% |
| 2018-03-31 | 5.15% |
| 2017-12-31 | -8.73% |
| 2017-09-30 | -20.88% |
| 2017-06-30 | 9.99% |
| 2017-03-31 | -0.67% |
| 2016-12-31 | -14.60% |
| 2016-09-30 | 15.28% |
| 2016-06-30 | -34.48% |
| 2016-03-31 | 11.33% |
| 2015-12-31 | 0.62% |
| 2015-09-30 | 12.59% |
| 2015-06-30 | 15.96% |
| 2015-03-31 | 11.96% |
| 2014-12-31 | 1.71% |
| 2014-09-30 | -18.33% |
| 2014-06-30 | 16.53% |
| 2014-03-31 | 11.40% |
| 2013-12-31 | 3.98% |
| 2013-09-30 | 28.69% |
| 2013-06-30 | 8.89% |
| 2013-03-31 | 3.87% |
| 2012-12-31 | 5.98% |
| 2012-09-30 | 14.38% |
| 2012-06-30 | 9.54% |
| 2012-03-31 | 20.39% |
| 2011-12-31 | 27.48% |
| 2011-09-30 | 19.40% |
| 2011-06-30 | 12.62% |
| 2011-03-31 | 17.79% |
| 2010-12-31 | 37.46% |
| 2010-09-30 | 18.03% |
| 2010-06-30 | 21.67% |
| 2010-03-31 | 27.35% |
| 2009-12-31 | 667.17% |
| 2009-09-30 | 32.03% |
| 2009-06-30 | 36.39% |
| 2009-03-31 | 24.04% |
| 2008-12-31 | -2.74% |
| 2008-09-30 | 32.07% |
| 2008-06-30 | 19.34% |
| 2008-03-31 | 27.58% |
| 2007-12-31 | 20.57% |
| 2007-09-30 | 12.47% |
| 2007-06-30 | 34.93% |
| 2007-03-31 | 13.13% |
| 2006-12-31 | 6.63% |
| 2006-09-30 | 19.00% |
| 2006-06-30 | 19.16% |
| 2006-03-31 | 26.31% |
| 2005-12-31 | -5.02% |
| 2005-09-30 | 4.99% |
| 2005-06-30 | 13.14% |
| 2005-03-31 | 6.09% |
| 2004-12-31 | 49.89% |
| 2004-09-30 | 10.25% |
| 2004-06-30 | 16.73% |
| 2004-03-31 | 7.00% |
| 2003-12-31 | 20.20% |
| 2003-09-30 | 7.09% |
| 2003-06-30 | 6.29% |
| 2003-03-31 | 9.53% |
| 2002-12-31 | 14.64% |
| 2002-09-30 | 4.75% |
| 2002-06-30 | 12.90% |
