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 21.92% is 16% below its 5-year average of 26.08%, around the middle of its 5-year range (13.14%–36.80%).
6.62% above its 12-month average of 20.56%.
Reported quarterly operating margin; no daily interpolation.
OPERATING MARGIN
21.92%
OPERATING MARGIN AVG TTM
20.56%
OPERATING MARGIN AVG 3Y
23.98%
OPERATING MARGIN AVG 5Y
26.08%
OPERATING MARGIN AVG 10Y
21.07%
OPERATING MARGIN AVG 15Y
19.64%
OPERATING MARGIN AVG 20Y
17.42%
CURRENT VS TTM AVG
+6.62%
CURRENT VS 3Y AVG
-8.60%
CURRENT VS 5Y AVG
-15.95%
CURRENT VS 10Y AVG
+4.02%
CURRENT VS 15Y AVG
+11.58%
CURRENT VS 20Y AVG
+25.86%
SECTOR MEDIAN · ENERGY
18.48%
median of 49 covered companies
CURRENT VS SECTOR MEDIAN
+18.61%
vs the sector median at left
ConocoPhillips
Market Cap
$164.52B
Operating Margin
21.92%
TTM Avg
20.56%
3Y Avg
23.98%
5Y Avg
26.08%
Market Cap
$200.65B
Operating Margin
13.71%
TTM Avg
11.63%
3Y Avg
14.05%
5Y Avg
11.53%
Market Cap
$116.12B
Operating Margin
7.95%
TTM Avg
4.06%
3Y Avg
6.83%
5Y Avg
2.22%
Market Cap
$110.23B
Operating Margin
7.53%
TTM Avg
3.20%
3Y Avg
5.87%
5Y Avg
3.82%
Market Cap
$106.16B
Operating Margin
18.62%
TTM Avg
32.87%
3Y Avg
30.29%
5Y Avg
25.02%
Market Cap
$92.75B
Operating Margin
40.31%
TTM Avg
34.31%
3Y Avg
33.92%
5Y Avg
31.49%
Market Cap
$84.01B
Operating Margin
12.97%
TTM Avg
13.09%
3Y Avg
13.00%
5Y Avg
14.24%
| NAME | MARKET CAP | OPERATING MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| ConocoPhillips (COP) | $164.52B | 21.92% | 20.56% | 23.98% | 26.08% |
| TotalEnergies SE (TTE)vs › | $200.65B | 13.71% | 11.63% | 14.05% | 11.53% |
| Marathon Petroleum Corporation (MPC)vs › | $116.12B | 7.95% | 4.06% | 6.83% | 2.22% |
| Valero Energy Corporation (VLO)vs › | $110.23B | 7.53% | 3.20% | 5.87% | 3.82% |
| Canadian Natural Resources Limited (CNQ)vs › | $106.16B | 18.62% | 32.87% | 30.29% | 25.02% |
| Phillips 66 (PSX)vs › | $103.90B | 6.67% | 2.14% | 3.95% | 2.34% |
| The Williams Companies, Inc. (WMB)vs › | $92.75B | 40.31% | 34.31% | 33.92% | 31.49% |
| Slb N.V. (SLB)vs › | $84.74B | 13.40% | 16.36% | 16.02% | 13.86% |
| Enterprise Products Partners L.P. (EPD)vs › | $84.01B | 12.97% | 13.09% | 13.00% | 14.24% |
| Suncor Energy Inc. (SU)vs › | $80.16B | 27.54% | 32.16% | 34.03% | 30.70% |
Gross Margin
27.7%
Operating Margin
21.9%
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 | 31.20% |
| 2026-03-31 | 21.49% |
| 2025-12-31 | 13.14% |
| 2025-09-30 | 18.35% |
| 2025-06-30 | 18.61% |
| 2025-03-31 | 25.54% |
| 2024-12-31 | 20.84% |
| 2024-09-30 | 22.32% |
| 2024-06-30 | 25.42% |
| 2024-03-31 | 24.86% |
| 2023-12-31 | 27.75% |
| 2023-09-30 | 26.81% |
| 2023-06-30 | 24.61% |
| 2023-03-31 | 27.54% |
| 2022-12-31 | 25.85% |
| 2022-09-30 | 33.37% |
| 2022-06-30 | 33.63% |
| 2022-03-31 | 36.80% |
| 2021-12-31 | 29.86% |
| 2021-09-30 | 30.81% |
| 2021-06-30 | 28.85% |
| 2021-03-31 | 13.32% |
| 2020-12-31 | -19.50% |
| 2020-09-30 | -5.18% |
| 2020-06-30 | -35.65% |
| 2020-03-31 | 7.76% |
| 2019-12-31 | 20.11% |
| 2019-09-30 | 18.89% |
| 2019-06-30 | 24.22% |
| 2019-03-31 | 23.17% |
| 2018-12-31 | 23.37% |
| 2018-09-30 | 26.71% |
| 2018-06-30 | 26.21% |
| 2018-03-31 | 24.14% |
| 2017-12-31 | 14.41% |
| 2017-09-30 | 8.58% |
| 2017-06-30 | 7.65% |
| 2017-03-31 | 2.37% |
| 2016-12-31 | -3.72% |
| 2016-09-30 | -18.33% |
| 2016-06-30 | -26.22% |
| 2016-03-31 | -30.78% |
| 2015-12-31 | -47.51% |
| 2015-09-30 | -23.02% |
| 2015-06-30 | -0.68% |
| 2015-03-31 | -4.13% |
| 2014-12-31 | -0.15% |
| 2014-09-30 | 17.26% |
| 2014-06-30 | 20.83% |
| 2014-03-31 | 21.87% |
| 2013-12-31 | 19.69% |
| 2013-09-30 | 20.85% |
| 2013-06-30 | 23.74% |
| 2013-03-31 | 24.74% |
| 2012-12-31 | 11.53% |
| 2012-09-30 | 23.19% |
| 2012-06-30 | 23.13% |
| 2012-03-31 | 22.54% |
| 2011-12-31 | 9.46% |
| 2011-09-30 | 21.18% |
| 2011-06-30 | 26.06% |
| 2011-03-31 | 8.94% |
| 2010-12-31 | 6.37% |
| 2010-09-30 | 9.67% |
| 2010-06-30 | 14.59% |
| 2010-03-31 | 8.16% |
| 2009-12-31 | 8.21% |
| 2009-09-30 | 5.69% |
| 2009-06-30 | 4.19% |
| 2009-03-31 | 7.71% |
| 2008-12-31 | 10.16% |
| 2008-09-30 | 13.94% |
| 2008-06-30 | 13.82% |
| 2008-03-31 | 13.94% |
| 2007-12-31 | 14.43% |
| 2007-09-30 | 14.66% |
| 2007-06-30 | 17.09% |
| 2007-03-31 | 11.92% |
| 2006-12-31 | 8.26% |
| 2006-09-30 | 17.26% |
| 2006-06-30 | 18.99% |
| 2006-03-31 | 12.54% |
| 2005-12-31 | 39.75% |
| 2005-09-30 | 13.62% |
| 2005-06-30 | 13.22% |
| 2005-03-31 | 23.92% |
| 2004-12-31 | 39.83% |
| 2004-09-30 | 11.15% |
| 2004-06-30 | 24.58% |
| 2004-03-31 | 23.15% |
| 2003-12-31 | 8.63% |
| 2003-09-30 | 11.32% |
| 2003-06-30 | 21.58% |
| 2003-03-31 | 22.28% |
| 2002-12-31 | 30.98% |
| 2002-09-30 | 3.52% |
