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 20.84% is 150% above its 5-year average of 8.32%, near the high end of its 5-year range (-18.74%–22.83%).
As of the fiscal period ended Tuesday, March 31, 2026. 55.18% above its 12-month average of 13.43%.
Reported quarterly operating margin; no daily interpolation.
OPERATING MARGIN
20.84%
OPERATING MARGIN AVG TTM
13.43%
OPERATING MARGIN AVG 3Y
12.96%
OPERATING MARGIN AVG 5Y
8.32%
OPERATING MARGIN AVG 10Y
7.07%
OPERATING MARGIN AVG 15Y
N/A
OPERATING MARGIN AVG 20Y
N/A
CURRENT VS TTM AVG
+55.18%
CURRENT VS 3Y AVG
+60.87%
CURRENT VS 5Y AVG
+150.40%
CURRENT VS 10Y AVG
+194.99%
CURRENT VS 15Y AVG
N/A
CURRENT VS 20Y AVG
N/A
SECTOR MEDIAN · UTILITIES
21.18%
median of 43 covered companies
CURRENT VS SECTOR MEDIAN
-1.60%
vs the sector median at left
Constellation Energy Corporation
Market Cap
$95.21B
Operating Margin
20.84%
TTM Avg
13.43%
3Y Avg
12.96%
5Y Avg
8.32%
Market Cap
$96.16B
Operating Margin
27.60%
TTM Avg
26.36%
3Y Avg
24.49%
5Y Avg
23.31%
Market Cap
$107.10B
Operating Margin
24.19%
TTM Avg
25.52%
3Y Avg
23.12%
5Y Avg
22.07%
Market Cap
$68.85B
Operating Margin
28.36%
TTM Avg
24.11%
3Y Avg
21.79%
5Y Avg
21.13%
Market Cap
$60.05B
Operating Margin
21.18%
TTM Avg
24.60%
3Y Avg
20.82%
5Y Avg
19.21%
Market Cap
$49.86B
Operating Margin
22.57%
TTM Avg
22.95%
3Y Avg
20.59%
5Y Avg
19.26%
Market Cap
$48.22B
Operating Margin
20.96%
TTM Avg
18.69%
3Y Avg
17.68%
5Y Avg
17.58%
| NAME | MARKET CAP | OPERATING MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Constellation Energy Corporation (CEG) | $95.21B | 20.84% | 13.43% | 12.96% | 8.32% |
| Duke Energy Corporation (DUK)vs › | $96.16B | 27.60% | 26.36% | 24.49% | 23.31% |
| The Southern Company (SO)vs › | $107.10B | 24.19% | 25.52% | 23.12% | 22.07% |
| American Electric Power Company, Inc. (AEP)vs › | $68.85B | 28.36% | 24.11% | 21.79% | 21.13% |
| Dominion Energy, Inc. (D)vs › | $60.05B | 21.18% | 24.60% | 20.82% | 19.21% |
| Sempra (SRE)vs › | $55.39B | 25.03% | 22.79% | 21.92% | 22.52% |
| Entergy Corporation (ETR)vs › | $49.86B | 22.57% | 22.95% | 20.59% | 19.26% |
| Xcel Energy Inc. (XEL)vs › | $48.22B | 20.96% | 18.69% | 17.68% | 17.58% |
| Vistra Corp. (VST)vs › | $47.40B | 2.07% | 20.00% | 20.00% | 14.33% |
| Exelon Corporation (EXC)vs › | $47.14B | 20.79% | 19.98% | 18.97% | 16.56% |
Gross Margin
77.9%
Operating Margin
20.8%
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 | 20.84% |
| 2025-12-31 | 2.66% |
| 2025-09-30 | 21.42% |
| 2025-06-30 | 15.59% |
| 2025-03-31 | 6.64% |
| 2024-12-31 | 18.06% |
| 2024-09-30 | 22.40% |
| 2024-06-30 | 20.09% |
| 2024-03-31 | 13.20% |
| 2023-12-31 | -1.16% |
| 2023-09-30 | 15.99% |
| 2023-06-30 | 12.28% |
| 2023-03-31 | 0.41% |
| 2022-12-31 | -2.35% |
| 2022-09-30 | -0.68% |
| 2022-06-30 | 4.98% |
| 2022-03-31 | 7.78% |
| 2021-12-31 | -0.04% |
| 2021-09-30 | 22.83% |
| 2021-06-30 | -7.42% |
| 2021-03-31 | -18.74% |
| 2020-12-31 | -8.17% |
| 2020-09-30 | -1.46% |
| 2020-06-30 | 8.89% |
| 2020-03-31 | 7.04% |
| 2019-12-31 | 7.77% |
| 2019-09-30 | 10.10% |
| 2019-06-30 | 3.49% |
| 2019-03-31 | 6.29% |
| 2018-12-31 | 0.67% |
| 2018-09-30 | 5.89% |
| 2018-06-30 | 6.16% |
| 2018-03-31 | 6.30% |
| 2017-12-31 | 10.82% |
| 2017-09-30 | 10.46% |
| 2017-06-30 | -10.13% |
| 2017-03-31 | 7.65% |
| 2016-12-31 | 2.12% |
| 2016-09-30 | 6.79% |
| 2016-06-30 | -0.36% |
| 2016-03-31 | 8.76% |
| 2015-12-31 | 5.36% |
| 2015-09-30 | 13.05% |
| 2015-06-30 | 16.61% |
| 2015-03-31 | 12.34% |
| 2014-12-31 | -2.21% |
| 2014-09-30 | 27.77% |
| 2014-06-30 | 11.64% |
| 2014-03-31 | -8.75% |
| 2013-12-31 | 11.08% |
| 2013-09-30 | 16.94% |
| 2013-06-30 | 18.08% |
| 2013-03-31 | -0.91% |
| 2012-12-31 | -3.49% |
| 2012-09-30 | 6.03% |
