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 38.27% is in line with its 5-year average of 37.06%, around the middle of its 5-year range (30.30%–44.28%).
As of the fiscal period ended Tuesday, June 30, 2026. 11.19% above its 12-month average of 34.42%.
Reported quarterly operating margin; no daily interpolation.
OPERATING MARGIN
38.27%
OPERATING MARGIN AVG TTM
34.42%
OPERATING MARGIN AVG 3Y
35.30%
OPERATING MARGIN AVG 5Y
37.06%
OPERATING MARGIN AVG 10Y
37.12%
OPERATING MARGIN AVG 15Y
34.43%
OPERATING MARGIN AVG 20Y
32.11%
CURRENT VS TTM AVG
+11.19%
CURRENT VS 3Y AVG
+8.40%
CURRENT VS 5Y AVG
+3.27%
CURRENT VS 10Y AVG
+3.12%
CURRENT VS 15Y AVG
+11.15%
CURRENT VS 20Y AVG
+19.20%
SECTOR MEDIAN · INDUSTRIALS
13.49%
median of 130 covered companies
CURRENT VS SECTOR MEDIAN
+183.71%
vs the sector median at left
CSX Corporation
Market Cap
$92.98B
Operating Margin
38.27%
TTM Avg
34.42%
3Y Avg
35.30%
5Y Avg
37.06%
Market Cap
$90.89B
Operating Margin
18.54%
TTM Avg
18.55%
3Y Avg
18.32%
5Y Avg
17.72%
Market Cap
$89.40B
Operating Margin
7.31%
TTM Avg
9.21%
3Y Avg
10.43%
5Y Avg
10.75%
Market Cap
$97.33B
Operating Margin
17.94%
TTM Avg
18.13%
3Y Avg
16.94%
5Y Avg
15.73%
Market Cap
$87.38B
Operating Margin
19.12%
TTM Avg
17.88%
3Y Avg
13.21%
5Y Avg
10.99%
Market Cap
$98.74B
Operating Margin
6.20%
TTM Avg
5.71%
3Y Avg
5.61%
5Y Avg
5.56%
Market Cap
$83.25B
Operating Margin
19.96%
TTM Avg
17.42%
3Y Avg
17.53%
5Y Avg
16.97%
| NAME | MARKET CAP | OPERATING MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| CSX Corporation (CSX) | $92.98B | 38.27% | 34.42% | 35.30% | 37.06% |
| Waste Management, Inc. (WM)vs › | $90.89B | 18.54% | 18.55% | 18.32% | 17.72% |
| 3M Company (MMM)vs › | $90.81B | 19.01% | 19.18% | 16.68% | 18.27% |
| United Parcel Service, Inc. (UPS)vs › | $89.40B | 7.31% | 9.21% | 10.43% | 10.75% |
| Trane Technologies plc (TT)vs › | $97.33B | 17.94% | 18.13% | 16.94% | 15.73% |
| Vertiv Holdings Co (VRT)vs › | $87.38B | 19.12% | 17.88% | 13.21% | 10.99% |
| Cummins Inc. (CMI)vs › | $87.34B | 11.24% | 11.24% | 9.52% | 10.13% |
| Quanta Services, Inc. (PWR)vs › | $98.74B | 6.20% | 5.71% | 5.61% | 5.56% |
| Emerson Electric Co. (EMR)vs › | $83.25B | 19.96% | 17.42% | 17.53% | 16.97% |
| Cintas Corporation (CTAS)vs › | $82.75B | 23.14% | 22.98% | 21.99% | 21.27% |
Gross Margin
33.3%
Operating Margin
38.3%
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 | 38.27% |
| 2026-03-31 | 35.99% |
| 2025-12-31 | 31.64% |
| 2025-09-30 | 30.30% |
| 2025-06-30 | 35.90% |
| 2025-03-31 | 30.41% |
| 2024-12-31 | 34.22% |
| 2024-09-30 | 37.47% |
| 2024-06-30 | 38.69% |
| 2024-03-31 | 36.32% |
| 2023-12-31 | 35.52% |
| 2023-09-30 | 35.25% |
| 2023-06-30 | 38.98% |
| 2023-03-31 | 39.07% |
| 2022-12-31 | 37.64% |
| 2022-09-30 | 39.15% |
| 2022-06-30 | 41.26% |
| 2022-03-31 | 36.77% |
| 2021-12-31 | 39.31% |
| 2021-09-30 | 41.80% |
| 2021-06-30 | 44.28% |
| 2021-03-31 | 39.03% |
| 2020-12-31 | 42.16% |
| 2020-09-30 | 42.98% |
| 2020-06-30 | 37.03% |
| 2020-03-31 | 40.63% |
| 2019-12-31 | 38.41% |
| 2019-09-30 | 40.13% |
| 2019-06-30 | 40.74% |
| 2019-03-31 | 38.93% |
| 2018-12-31 | 38.18% |
| 2018-09-30 | 38.86% |
| 2018-06-30 | 39.20% |
| 2018-03-31 | 34.32% |
| 2017-12-31 | 33.85% |
| 2017-09-30 | 30.99% |
| 2017-06-30 | 36.00% |
| 2017-03-31 | 30.85% |
| 2016-12-31 | 33.06% |
| 2016-09-23 | 31.03% |
| 2016-06-24 | 31.07% |
| 2016-03-25 | 26.89% |
| 2015-12-31 | 28.44% |
| 2015-09-25 | 31.75% |
| 2015-06-26 | 33.19% |
| 2015-03-27 | 27.85% |
| 2014-12-31 | 28.23% |
| 2014-09-26 | 30.30% |
| 2014-06-27 | 30.73% |
| 2014-03-28 | 24.54% |
| 2013-12-31 | 27.10% |
| 2013-09-27 | 28.48% |
| 2013-06-28 | 31.38% |
| 2013-03-29 | 29.58% |
| 2012-12-31 | 27.88% |
| 2012-09-28 | 29.51% |
| 2012-06-29 | 31.31% |
| 2012-03-30 | 28.86% |
| 2011-12-31 | 28.50% |
| 2011-09-30 | 29.63% |
| 2011-07-01 | 30.67% |
| 2011-04-01 | 27.51% |
| 2010-12-31 | 30.04% |
| 2010-09-24 | 30.95% |
| 2010-06-25 | 28.84% |
| 2010-03-26 | 25.45% |
| 2009-12-31 | 25.13% |
| 2009-09-25 | 26.12% |
| 2009-06-26 | 26.64% |
| 2009-03-27 | 23.23% |
| 2008-12-31 | 25.88% |
| 2008-09-26 | 24.76% |
| 2008-06-27 | 24.66% |
| 2008-03-28 | 23.07% |
| 2007-12-31 | 23.63% |
| 2007-09-28 | 22.19% |
| 2007-06-29 | 23.87% |
| 2007-03-30 | 20.15% |
| 2006-12-31 | 21.16% |
| 2006-09-29 | 20.22% |
| 2006-06-30 | 26.68% |
| 2006-03-31 | 21.28% |
| 2005-12-31 | 18.57% |
| 2005-09-30 | 16.61% |
| 2005-07-01 | 19.90% |
| 2005-04-01 | 16.79% |
| 2004-12-31 | 13.89% |
| 2004-09-24 | 13.33% |
| 2004-06-25 | 14.31% |
| 2004-03-26 | 8.20% |
| 2003-12-31 | 13.42% |
| 2003-09-26 | -5.21% |
| 2003-06-27 | 14.68% |
| 2003-03-28 | 8.78% |
| 2002-12-31 | 15.44% |
| 2002-09-27 | 13.43% |
