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 11.13% is in line with its 5-year average of 11.24%, near the high end of its 5-year range (-14.19%–14.18%).
4.82% below its 12-month average of 11.69%.
Reported quarterly operating margin; no daily interpolation. Q2 FY2026 (2026-06-30): 13.52%.
OPERATING MARGIN
11.13%
OPERATING MARGIN AVG TTM
11.69%
OPERATING MARGIN AVG 3Y
12.29%
OPERATING MARGIN AVG 5Y
11.24%
OPERATING MARGIN AVG 10Y
11.49%
OPERATING MARGIN AVG 15Y
11.85%
OPERATING MARGIN AVG 20Y
11.51%
CURRENT VS TTM AVG
-4.82%
CURRENT VS 3Y AVG
-9.47%
CURRENT VS 5Y AVG
-0.99%
CURRENT VS 10Y AVG
-3.12%
CURRENT VS 15Y AVG
-6.08%
CURRENT VS 20Y AVG
-3.27%
SECTOR MEDIAN · INDUSTRIALS
11.95%
median of 154 covered companies
CURRENT VS SECTOR MEDIAN
-6.82%
vs the sector median at left
Market Cap
$72.28B
Operating Margin
37.54%
TTM Avg
37.36%
3Y Avg
38.48%
5Y Avg
37.88%
Market Cap
$71.20B
Operating Margin
31.63%
TTM Avg
31.98%
3Y Avg
31.05%
5Y Avg
33.01%
Market Cap
$75.40B
Operating Margin
10.18%
TTM Avg
10.43%
3Y Avg
9.29%
5Y Avg
10.67%
Market Cap
$76.91B
Operating Margin
26.50%
TTM Avg
26.55%
3Y Avg
25.49%
5Y Avg
24.82%
Market Cap
$77.08B
Operating Margin
36.84%
TTM Avg
36.40%
3Y Avg
36.38%
5Y Avg
38.09%
Market Cap
$67.62B
Operating Margin
20.00%
TTM Avg
20.06%
3Y Avg
19.25%
5Y Avg
18.72%
Market Cap
$79.53B
Operating Margin
11.24%
TTM Avg
2.58%
3Y Avg
-8.07%
5Y Avg
-9.18%
| NAME | MARKET CAP | OPERATING MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Cummins Inc. (CMI) | $72.79B | 11.13% | 11.69% | 12.29% | 11.24% |
| Canadian National Railway Company (CNI)vs › | $72.28B | 37.54% | 37.36% | 38.48% | 37.88% |
| FedEx Corporation (FDX)vs › | $71.38B | 6.74% | 6.96% | 6.77% | 6.87% |
| Norfolk Southern Corporation (NSC)vs › | $71.20B | 31.63% | 31.98% | 31.05% | 33.01% |
| Northrop Grumman Corporation (NOC)vs › | $75.40B | 10.18% | 10.43% | 9.29% | 10.67% |
| Illinois Tool Works Inc. (ITW)vs › | $76.91B | 26.50% | 26.55% | 25.49% | 24.82% |
| Canadian Pacific Kansas City Ltd. (CP)vs › | $77.08B | 36.84% | 36.40% | 36.38% | 38.09% |
| Republic Services, Inc. (RSG)vs › | $67.62B | 20.00% | 20.06% | 19.25% | 18.72% |
| Bloom Energy Corporation (BE)vs › | $79.53B | 11.24% | 2.58% | -8.07% | -9.18% |
| Honeywell International Inc. (HON)vs › | $65.82B | 14.09% | 18.38% | 18.34% | 18.14% |
Gross Margin
25.3%
Operating Margin
11.1%
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 | 13.52% |
| 2026-03-31 | 11.30% |
| 2025-12-31 | 7.50% |
| 2025-09-30 | 11.96% |
| 2025-06-30 | 14.18% |
| 2025-03-31 | 13.87% |
| 2024-12-31 | 8.67% |
| 2024-09-30 | 12.42% |
| 2024-06-30 | 11.88% |
| 2024-03-31 | 10.98% |
| 2023-12-31 | -14.19% |
| 2023-09-30 | 11.27% |
| 2023-06-30 | 11.54% |
| 2023-03-31 | 12.14% |
| 2022-12-31 | 10.32% |
| 2022-09-30 | 8.54% |
| 2022-06-30 | 13.62% |
| 2022-03-31 | 9.46% |
| 2021-12-31 | 8.46% |
| 2021-10-03 | 11.16% |
| 2021-07-04 | 12.03% |
| 2021-04-04 | 13.30% |
| 2020-12-31 | 10.79% |
| 2020-09-27 | 13.09% |
| 2020-06-28 | 8.72% |
| 2020-03-29 | 12.65% |
| 2019-12-31 | 6.35% |
| 2019-09-29 | 12.12% |
| 2019-06-30 | 13.63% |
| 2019-03-31 | 13.31% |
| 2018-12-31 | 11.93% |
| 2018-09-30 | 13.51% |
| 2018-07-01 | 11.77% |
| 2018-04-01 | 9.52% |
| 2017-12-31 | 10.87% |
| 2017-10-01 | 11.77% |
| 2017-07-02 | 11.54% |
| 2017-04-02 | 11.77% |
| 2016-12-31 | 11.26% |
| 2016-10-02 | 9.17% |
| 2016-07-03 | 12.52% |
| 2016-04-03 | 10.95% |
| 2015-12-31 | 4.80% |
| 2015-09-27 | 12.06% |
| 2015-06-28 | 14.42% |
| 2015-03-29 | 11.64% |
| 2014-12-31 | 11.41% |
| 2014-09-28 | 13.48% |
| 2014-06-29 | 12.66% |
| 2014-03-30 | 11.64% |
| 2013-12-31 | 12.05% |
| 2013-09-29 | 12.28% |
| 2013-06-30 | 13.48% |
| 2013-03-31 | 10.56% |
| 2012-12-31 | 10.83% |
| 2012-09-30 | 11.97% |
| 2012-07-01 | 14.56% |
| 2012-04-01 | 14.49% |
| 2011-12-31 | 15.14% |
| 2011-09-25 | 13.81% |
| 2011-06-26 | 16.55% |
| 2011-03-27 | 13.70% |
| 2010-12-31 | 12.68% |
| 2010-09-26 | 12.79% |
| 2010-06-27 | 12.34% |
| 2010-03-28 | 9.93% |
| 2009-12-31 | 11.32% |
| 2009-09-27 | 5.81% |
| 2009-06-28 | 4.98% |
| 2009-03-29 | 1.19% |
| 2008-12-31 | 3.10% |
| 2008-09-28 | 10.37% |
| 2008-06-29 | 12.04% |
| 2008-03-30 | 9.18% |
| 2007-12-31 | 8.67% |
| 2007-09-30 | 8.57% |
| 2007-06-30 | 10.20% |
| 2007-04-01 | 7.92% |
| 2006-12-31 | 9.76% |
| 2006-10-01 | 9.90% |
| 2006-06-30 | 10.87% |
| 2006-04-02 | 9.26% |
| 2005-12-31 | 8.54% |
| 2005-09-25 | 8.27% |
| 2005-06-26 | 9.28% |
| 2005-03-27 | 7.61% |
| 2004-12-31 | 5.36% |
| 2004-09-26 | 5.20% |
| 2004-06-27 | 5.56% |
| 2004-03-28 | 3.73% |
| 2003-12-31 | 3.28% |
| 2003-09-28 | 2.08% |
| 2003-06-29 | 1.69% |
| 2003-03-30 | -1.95% |
| 2002-12-31 | 2.33% |
| 2002-09-29 | 3.94% |
