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 33.18% is in line with its 5-year average of 36.26%, around the middle of its 5-year range (16.67%–62.56%).
As of the fiscal period ended Tuesday, March 31, 2026. 3.11% above its 12-month average of 32.18%.
Reported quarterly operating margin; no daily interpolation.
OPERATING MARGIN
33.18%
OPERATING MARGIN AVG TTM
32.18%
OPERATING MARGIN AVG 3Y
30.95%
OPERATING MARGIN AVG 5Y
36.26%
OPERATING MARGIN AVG 10Y
32.67%
OPERATING MARGIN AVG 15Y
30.62%
OPERATING MARGIN AVG 20Y
31.79%
CURRENT VS TTM AVG
+3.11%
CURRENT VS 3Y AVG
+7.19%
CURRENT VS 5Y AVG
-8.51%
CURRENT VS 10Y AVG
+1.57%
CURRENT VS 15Y AVG
+8.34%
CURRENT VS 20Y AVG
+4.36%
SECTOR MEDIAN · ENERGY
16.21%
median of 42 covered companies
CURRENT VS SECTOR MEDIAN
+104.68%
vs the sector median at left
Coterra Energy Inc.
Market Cap
$24.72B
Operating Margin
33.18%
TTM Avg
32.18%
3Y Avg
30.95%
5Y Avg
36.26%
Market Cap
$26.85B
Operating Margin
11.44%
TTM Avg
13.43%
3Y Avg
14.48%
5Y Avg
8.81%
Market Cap
$27.18B
Operating Margin
18.84%
TTM Avg
24.34%
3Y Avg
30.59%
5Y Avg
24.82%
Market Cap
$27.90B
Operating Margin
74.42%
TTM Avg
75.28%
3Y Avg
77.94%
5Y Avg
77.33%
Market Cap
$21.44B
Operating Margin
17.49%
TTM Avg
-0.77%
3Y Avg
17.98%
5Y Avg
-10.55%
Market Cap
$31.94B
Operating Margin
34.05%
TTM Avg
36.01%
3Y Avg
47.14%
5Y Avg
37.71%
Market Cap
$32.74B
Operating Margin
34.70%
TTM Avg
23.91%
3Y Avg
28.96%
5Y Avg
10.49%
Market Cap
$12.63B
Operating Margin
32.67%
TTM Avg
31.84%
3Y Avg
37.53%
5Y Avg
31.29%
| NAME | MARKET CAP | OPERATING MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Coterra Energy Inc. (CTRA) | $24.72B | 33.18% | 32.18% | 30.95% | 36.26% |
| Halliburton Company (HAL)vs › | $26.85B | 11.44% | 13.43% | 14.48% | 8.81% |
| Devon Energy Corporation (DVN)vs › | $27.18B | 18.84% | 24.34% | 30.59% | 24.82% |
| Texas Pacific Land Corporation (TPL)vs › | $27.90B | 74.42% | 75.28% | 77.94% | 77.33% |
| Expand Energy Corporation (EXE)vs › | $21.44B | 17.49% | -0.77% | 17.98% | -10.55% |
| Tenaris S.A. (TS)vs › | $30.98B | 19.10% | 19.23% | 23.17% | 15.11% |
| Venture Global, Inc. (VG)vs › | $31.94B | 34.05% | 36.01% | 47.14% | 37.71% |
| EQT Corporation (EQT)vs › | $32.74B | 34.70% | 23.91% | 28.96% | 10.49% |
| APA Corporation (APA)vs › | $12.63B | 32.67% | 31.84% | 37.53% | 31.29% |
| Antero Midstream Corporation (AM)vs › | $10.35B | 56.05% | 53.61% | 54.17% | 43.65% |
Gross Margin
39.0%
Operating Margin
33.2%
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 |
|---|---|
| 2026-03-31 | 33.18% |
| 2025-12-31 | 29.15% |
| 2025-09-30 | 25.87% |
| 2025-06-30 | 35.83% |
| 2025-03-31 | 36.87% |
| 2024-12-31 | 23.37% |
| 2024-09-30 | 24.06% |
| 2024-06-30 | 23.29% |
| 2024-03-31 | 30.70% |
| 2023-12-31 | 36.15% |
| 2023-09-30 | 31.27% |
| 2023-06-30 | 23.29% |
| 2023-03-31 | 49.35% |
| 2022-12-31 | 56.80% |
| 2022-09-30 | 59.76% |
| 2022-06-30 | 62.56% |
| 2022-03-31 | 47.59% |
| 2021-12-31 | 55.70% |
| 2021-09-30 | 22.05% |
| 2021-06-30 | 16.67% |
| 2021-03-31 | 38.04% |
| 2020-12-31 | 35.66% |
| 2020-09-30 | -2.59% |
| 2020-06-30 | 16.16% |
| 2020-03-31 | 22.36% |
| 2019-12-31 | 48.16% |
| 2019-09-30 | 30.24% |
| 2019-06-30 | 46.96% |
| 2019-03-31 | 55.01% |
| 2018-12-31 | 47.56% |
| 2018-09-30 | 32.29% |
| 2018-06-30 | 17.21% |
| 2018-03-31 | 37.41% |
| 2017-12-31 | -109.56% |
| 2017-09-30 | 10.37% |
| 2017-06-30 | 12.47% |
| 2017-03-31 | 36.71% |
| 2016-12-31 | -140.12% |
| 2016-09-30 | 1.16% |
| 2016-06-30 | -28.52% |
| 2016-03-31 | -19.54% |
| 2015-12-31 | -56.15% |
| 2015-09-30 | -0.34% |
| 2015-06-30 | -6.19% |
| 2015-03-31 | 18.78% |
| 2014-12-31 | -79.17% |
| 2014-09-30 | 37.17% |
| 2014-06-30 | 39.51% |
| 2014-03-31 | 38.15% |
| 2013-12-31 | 34.30% |
| 2013-09-30 | 30.24% |
| 2013-06-30 | 36.70% |
| 2013-03-31 | 23.31% |
| 2012-12-31 | 28.55% |
| 2012-09-30 | 25.52% |
| 2012-06-30 | 29.39% |
| 2012-03-31 | 17.15% |
| 2011-12-31 | 36.79% |
| 2011-09-30 | 24.89% |
| 2011-06-30 | 44.30% |
| 2011-03-31 | 17.41% |
| 2010-12-31 | 11.63% |
| 2010-09-30 | 9.94% |
| 2010-06-30 | 26.00% |
| 2010-03-31 | 27.65% |
| 2009-12-31 | 28.57% |
| 2009-09-30 | 36.09% |
| 2009-06-30 | 26.48% |
| 2009-03-31 | 38.43% |
| 2008-12-31 | 37.48% |
| 2008-09-30 | 46.86% |
| 2008-06-30 | 37.81% |
| 2008-03-31 | 34.63% |
| 2007-12-31 | 35.96% |
| 2007-09-30 | 32.50% |
| 2007-06-30 | 39.95% |
| 2007-03-31 | 41.33% |
| 2006-12-31 | 31.86% |
| 2006-09-30 | 164.96% |
| 2006-06-30 | 40.82% |
| 2006-03-31 | 42.66% |
| 2005-12-31 | 44.40% |
| 2005-09-30 | 36.49% |
| 2005-06-30 | 40.64% |
| 2005-03-31 | 26.41% |
| 2004-12-31 | 34.82% |
| 2004-09-30 | 28.70% |
| 2004-06-30 | 30.43% |
| 2004-03-31 | 26.42% |
| 2003-12-31 | 28.70% |
| 2003-09-30 | 34.77% |
| 2003-06-30 | 27.49% |
| 2003-03-31 | -34.35% |
| 2002-12-31 | 18.47% |
| 2002-09-30 | 17.66% |
| 2002-06-30 | 11.00% |
