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 38.12% is in line with its 5-year average of 36.84%, around the middle of its 5-year range (22.11%–56.36%).
0.23% above its 12-month average of 38.03%.
Reported quarterly operating margin; no daily interpolation. Q2 FY2026 (2026-06-30): 47.34%.
OPERATING MARGIN
38.12%
OPERATING MARGIN AVG TTM
38.03%
OPERATING MARGIN AVG 3Y
33.73%
OPERATING MARGIN AVG 5Y
36.84%
OPERATING MARGIN AVG 10Y
25.04%
OPERATING MARGIN AVG 15Y
29.07%
OPERATING MARGIN AVG 20Y
27.23%
CURRENT VS TTM AVG
+0.23%
CURRENT VS 3Y AVG
+13.00%
CURRENT VS 5Y AVG
+3.49%
CURRENT VS 10Y AVG
+52.24%
CURRENT VS 15Y AVG
+31.12%
CURRENT VS 20Y AVG
+39.99%
SECTOR MEDIAN · BASIC MATERIALS
16.68%
median of 54 covered companies
CURRENT VS SECTOR MEDIAN
+128.47%
vs the sector median at left
CF Industries Holdings, Inc.
Market Cap
$18.54B
Operating Margin
38.12%
TTM Avg
38.03%
3Y Avg
33.73%
5Y Avg
36.84%
Market Cap
$18.90B
Operating Margin
-11.45%
TTM Avg
-4.38%
3Y Avg
1.45%
5Y Avg
3.56%
Market Cap
$19.37B
Operating Margin
3.24%
TTM Avg
1.71%
3Y Avg
5.24%
5Y Avg
6.88%
Market Cap
$17.68B
Operating Margin
14.71%
TTM Avg
13.66%
3Y Avg
14.27%
5Y Avg
14.36%
Market Cap
$19.63B
Operating Margin
22.47%
TTM Avg
20.30%
3Y Avg
14.38%
5Y Avg
6.55%
Market Cap
$19.64B
Operating Margin
7.88%
TTM Avg
7.83%
3Y Avg
10.53%
5Y Avg
10.70%
Market Cap
$19.73B
Operating Margin
24.83%
TTM Avg
24.18%
3Y Avg
34.53%
5Y Avg
31.19%
Market Cap
$19.91B
Operating Margin
35.02%
TTM Avg
25.93%
3Y Avg
10.54%
5Y Avg
15.78%
| NAME | MARKET CAP | OPERATING MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| CF Industries Holdings, Inc. (CF) | $18.54B | 38.12% | 38.03% | 33.73% | 36.84% |
| International Paper Company (IP)vs › | $18.90B | -11.45% | -4.38% | 1.45% | 3.56% |
| LyondellBasell Industries N.V. (LYB)vs › | $19.37B | 3.24% | 1.71% | 5.24% | 6.88% |
| DuPont de Nemours, Inc. (DD)vs › | $17.68B | 14.71% | 13.66% | 14.27% | 14.36% |
| Carpenter Technology Corporation (CRS)vs › | $19.63B | 22.47% | 20.30% | 14.38% | 6.55% |
| Reliance Steel & Aluminum Co. (RS)vs › | $19.64B | 7.88% | 7.83% | 10.53% | 10.70% |
| Sociedad Química y Minera de Chile S.A. (SQM)vs › | $19.73B | 24.83% | 24.18% | 34.53% | 31.19% |
| Coeur Mining, Inc. (CDE)vs › | $19.91B | 35.02% | 25.93% | 10.54% | 15.78% |
| Dow Inc. (DOW)vs › | $20.70B | -0.08% | 2.73% | 5.11% | 6.91% |
| Royal Gold, Inc. (RGLD)vs › | $21.45B | 63.14% | 62.41% | 55.77% | 54.80% |
Gross Margin
42.5%
Operating Margin
38.1%
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 | 47.34% |
| 2026-03-31 | 32.23% |
| 2025-12-31 | 36.22% |
| 2025-09-30 | 34.96% |
| 2025-06-30 | 39.42% |
| 2025-03-31 | 35.66% |
| 2024-12-31 | 29.20% |
| 2024-09-30 | 26.86% |
| 2024-06-30 | 38.36% |
| 2024-03-31 | 22.11% |
| 2023-12-31 | 29.98% |
| 2023-09-30 | 24.90% |
| 2023-06-30 | 41.30% |
| 2023-03-31 | 41.50% |
| 2022-12-31 | 48.27% |
| 2022-09-30 | 36.58% |
| 2022-06-30 | 56.36% |
| 2022-03-31 | 55.23% |
| 2021-12-31 | 41.57% |
| 2021-09-30 | 27.61% |
| 2021-06-30 | 27.90% |
| 2021-03-31 | 11.35% |
| 2020-12-31 | 12.16% |
| 2020-09-30 | 5.31% |
| 2020-06-30 | 23.50% |
| 2020-03-31 | 14.21% |
| 2019-12-31 | 16.68% |
| 2019-09-30 | 16.76% |
| 2019-06-30 | 29.03% |
| 2019-03-31 | 16.38% |
| 2018-12-31 | 16.25% |
| 2018-09-30 | 11.54% |
| 2018-06-30 | 19.77% |
| 2018-03-31 | 13.90% |
| 2017-12-31 | 9.19% |
| 2017-09-30 | -3.45% |
| 2017-06-30 | 12.81% |
| 2017-03-31 | 10.80% |
| 2016-12-31 | -2.54% |
| 2016-09-30 | -1.62% |
| 2016-06-30 | 20.99% |
| 2016-03-31 | 9.66% |
| 2015-12-31 | 12.29% |
| 2015-09-30 | 6.36% |
| 2015-06-30 | 48.04% |
| 2015-03-31 | 38.49% |
| 2014-12-31 | 34.43% |
| 2014-09-30 | 26.76% |
| 2014-06-30 | 36.08% |
| 2014-03-31 | 103.28% |
| 2013-12-31 | 42.58% |
| 2013-09-30 | 35.13% |
| 2013-06-30 | 48.62% |
| 2013-03-31 | 46.97% |
| 2012-12-31 | 44.26% |
| 2012-09-30 | 49.07% |
| 2012-06-30 | 57.91% |
| 2012-03-31 | 43.94% |
| 2011-12-31 | 50.62% |
| 2011-09-30 | 40.41% |
| 2011-06-30 | 46.10% |
| 2011-03-31 | 45.52% |
| 2010-12-31 | 35.15% |
| 2010-09-30 | 14.30% |
| 2010-06-30 | 26.79% |
| 2010-03-31 | -5.27% |
| 2009-12-31 | 14.03% |
| 2009-09-30 | 20.88% |
| 2009-06-30 | 39.88% |
| 2009-03-31 | 18.18% |
| 2008-12-31 | 32.08% |
| 2008-09-30 | 10.05% |
| 2008-06-30 | 38.94% |
| 2008-03-31 | 37.70% |
| 2007-12-31 | 25.13% |
| 2007-09-30 | 23.66% |
| 2007-06-30 | 18.78% |
| 2007-03-31 | 20.13% |
| 2006-12-31 | 2.15% |
| 2006-09-30 | 3.25% |
| 2006-06-30 | 12.83% |
| 2006-03-31 | -9.29% |
| 2005-12-31 | -4.76% |
| 2005-09-30 | 10.29% |
| 2005-06-30 | 14.66% |
| 2004-12-31 | 8.64% |
| 2004-09-30 | 9.90% |
