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 36.84% is in line with its 5-year average of 36.65%, around the middle of its 5-year range (29.11%–41.12%).
0.38% above its 12-month average of 36.70%.
Reported quarterly operating margin; no daily interpolation. Q2 FY2026 (2026-06-30): 35.35%.
OPERATING MARGIN
36.84%
OPERATING MARGIN AVG TTM
36.70%
OPERATING MARGIN AVG 3Y
35.21%
OPERATING MARGIN AVG 5Y
36.65%
OPERATING MARGIN AVG 10Y
38.07%
OPERATING MARGIN AVG 15Y
36.79%
OPERATING MARGIN AVG 20Y
31.81%
CURRENT VS TTM AVG
+0.38%
CURRENT VS 3Y AVG
+4.63%
CURRENT VS 5Y AVG
+0.52%
CURRENT VS 10Y AVG
-3.23%
CURRENT VS 15Y AVG
+0.13%
CURRENT VS 20Y AVG
+15.80%
SECTOR MEDIAN · INDUSTRIALS
11.95%
median of 154 covered companies
CURRENT VS SECTOR MEDIAN
+208.41%
vs the sector median at left
Canadian Pacific Kansas City Ltd.
Market Cap
$77.61B
Operating Margin
36.84%
TTM Avg
36.70%
3Y Avg
35.21%
5Y Avg
36.65%
Market Cap
$76.82B
Operating Margin
23.14%
TTM Avg
22.98%
3Y Avg
21.99%
5Y Avg
21.27%
Market Cap
$78.66B
Operating Margin
26.50%
TTM Avg
26.55%
3Y Avg
25.49%
5Y Avg
24.82%
Market Cap
$81.05B
Operating Margin
11.24%
TTM Avg
2.58%
3Y Avg
-8.07%
5Y Avg
-9.18%
Market Cap
$81.39B
Operating Margin
7.31%
TTM Avg
9.21%
3Y Avg
10.43%
5Y Avg
10.75%
Market Cap
$73.08B
Operating Margin
10.18%
TTM Avg
10.43%
3Y Avg
9.29%
5Y Avg
10.67%
Market Cap
$72.28B
Operating Margin
37.54%
TTM Avg
37.36%
3Y Avg
38.48%
5Y Avg
37.88%
Market Cap
$83.09B
Operating Margin
18.54%
TTM Avg
18.55%
3Y Avg
18.32%
5Y Avg
17.72%
| NAME | MARKET CAP | OPERATING MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Canadian Pacific Kansas City Ltd. (CP) | $77.61B | 36.84% | 36.70% | 35.21% | 36.65% |
| Cintas Corporation (CTAS)vs › | $76.82B | 23.14% | 22.98% | 21.99% | 21.27% |
| Illinois Tool Works Inc. (ITW)vs › | $78.66B | 26.50% | 26.55% | 25.49% | 24.82% |
| Bloom Energy Corporation (BE)vs › | $81.05B | 11.24% | 2.58% | -8.07% | -9.18% |
| United Parcel Service, Inc. (UPS)vs › | $81.39B | 7.31% | 9.21% | 10.43% | 10.75% |
| Northrop Grumman Corporation (NOC)vs › | $73.08B | 10.18% | 10.43% | 9.29% | 10.67% |
| Cummins Inc. (CMI)vs › | $72.40B | 11.13% | 11.24% | 9.52% | 10.13% |
| Canadian National Railway Company (CNI)vs › | $72.28B | 37.54% | 37.36% | 38.48% | 37.88% |
| Waste Management, Inc. (WM)vs › | $83.09B | 18.54% | 18.55% | 18.32% | 17.72% |
| Norfolk Southern Corporation (NSC)vs › | $70.75B | 31.63% | 31.98% | 31.05% | 33.01% |
Gross Margin
53.4%
Operating Margin
36.8%
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 |
|---|---|
| 2026-06-30 | 35.35% |
| 2026-03-31 | 34.23% |
| 2025-12-31 | 41.12% |
| 2025-09-30 | 36.49% |
| 2025-06-30 | 36.31% |
| 2025-03-31 | 34.70% |
| 2024-12-31 | 40.27% |
| 2024-09-30 | 33.90% |
| 2024-06-30 | 35.17% |
| 2024-03-31 | 32.64% |
| 2023-12-31 | 38.19% |
| 2023-09-30 | 35.13% |
| 2023-06-30 | 29.74% |
| 2023-03-31 | 36.58% |
| 2022-12-31 | 40.17% |
| 2022-09-30 | 40.53% |
| 2022-06-30 | 39.42% |
| 2022-03-31 | 29.11% |
| 2021-12-31 | 40.78% |
| 2021-09-30 | 39.86% |
| 2021-06-30 | 39.92% |
| 2021-03-31 | 39.82% |
| 2020-12-31 | 46.12% |
| 2020-09-30 | 41.81% |
| 2020-06-30 | 42.97% |
| 2020-03-31 | 40.82% |
| 2019-12-31 | 43.02% |
| 2019-09-30 | 43.91% |
| 2019-06-30 | 41.58% |
| 2019-03-31 | 30.73% |
| 2018-12-31 | 43.57% |
| 2018-09-30 | 41.62% |
| 2018-06-30 | 35.83% |
| 2018-03-31 | 32.49% |
| 2017-12-31 | 39.81% |
| 2017-09-30 | 39.00% |
| 2017-06-30 | 37.19% |
| 2017-03-31 | 37.68% |
| 2016-12-31 | 43.80% |
| 2016-09-30 | 31.53% |
| 2016-06-30 | 38.00% |
| 2016-03-31 | 41.04% |
| 2015-12-31 | 40.13% |
| 2015-09-30 | 44.06% |
| 2015-06-30 | 39.13% |
| 2015-03-31 | 36.76% |
| 2014-12-31 | 40.23% |
| 2014-09-30 | 37.19% |
| 2014-06-30 | 34.92% |
| 2014-03-31 | 28.03% |
| 2013-12-31 | 7.09% |
| 2013-09-30 | 34.16% |
| 2013-06-30 | 28.06% |
| 2013-03-31 | 24.21% |
| 2012-12-31 | 3.99% |
| 2012-09-30 | 25.91% |
| 2012-06-30 | 17.50% |
| 2012-03-31 | 19.91% |
| 2011-12-31 | 21.51% |
| 2011-09-30 | 24.15% |
| 2011-06-30 | 18.27% |
| 2011-03-31 | 9.37% |
| 2010-12-31 | 23.00% |
| 2010-09-30 | 26.26% |
| 2010-06-30 | 22.21% |
| 2010-03-31 | 17.71% |
| 2009-12-31 | 24.40% |
| 2009-09-30 | 30.67% |
| 2009-06-30 | 17.93% |
| 2009-03-31 | 11.91% |
| 2008-12-31 | 23.46% |
| 2008-09-30 | 23.71% |
| 2008-06-30 | 20.56% |
| 2008-03-31 | 17.31% |
| 2007-12-31 | 25.71% |
| 2007-09-30 | 27.08% |
| 2007-06-30 | 25.29% |
| 2007-03-31 | 20.55% |
| 2006-12-31 | -485.29% |
| 2006-09-30 | 25.79% |
| 2006-06-30 | 24.92% |
| 2006-03-31 | 20.63% |
| 2005-12-31 | 22.11% |
| 2005-09-30 | 25.64% |
| 2005-06-30 | 24.51% |
| 2005-03-31 | 17.62% |
| 2004-12-31 | 15.72% |
| 2004-09-30 | 22.12% |
| 2004-06-30 | 21.96% |
| 2004-03-31 | 13.08% |
| 2003-12-31 | 20.14% |
| 2003-09-30 | 22.51% |
| 2003-06-30 | 20.34% |
| 2003-03-31 | 13.45% |
| 2002-12-31 | 25.04% |
| 2002-09-30 | 24.38% |
