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 4.66% is 57% above its 5-year average of 2.96%, near the high end of its 5-year range (-4.83%–5.96%).
As of the fiscal period ended Tuesday, March 31, 2026. 144.88% above its 12-month average of 1.90%.
Reported quarterly operating margin; no daily interpolation.
OPERATING MARGIN
4.66%
OPERATING MARGIN AVG TTM
1.90%
OPERATING MARGIN AVG 3Y
3.10%
OPERATING MARGIN AVG 5Y
3.69%
OPERATING MARGIN AVG 10Y
4.36%
OPERATING MARGIN AVG 15Y
5.03%
OPERATING MARGIN AVG 20Y
5.37%
CURRENT VS TTM AVG
+144.88%
CURRENT VS 3Y AVG
+50.26%
CURRENT VS 5Y AVG
+26.26%
CURRENT VS 10Y AVG
+6.95%
CURRENT VS 15Y AVG
-7.41%
CURRENT VS 20Y AVG
-13.15%
SECTOR MEDIAN · HEALTHCARE
15.48%
median of 79 covered companies
CURRENT VS SECTOR MEDIAN
-69.90%
vs the sector median at left
Market Cap
$133.37B
Operating Margin
28.27%
TTM Avg
23.17%
3Y Avg
21.31%
5Y Avg
19.39%
Market Cap
$131.47B
Operating Margin
23.69%
TTM Avg
20.95%
3Y Avg
17.06%
5Y Avg
15.08%
Market Cap
$137.13B
Operating Margin
20.42%
TTM Avg
21.31%
3Y Avg
23.25%
5Y Avg
23.28%
Market Cap
$124.86B
Operating Margin
22.03%
TTM Avg
20.93%
3Y Avg
20.75%
5Y Avg
21.02%
Market Cap
$124.82B
Operating Margin
31.28%
TTM Avg
28.70%
3Y Avg
26.89%
5Y Avg
27.25%
Market Cap
$121.09B
Operating Margin
38.97%
TTM Avg
18.66%
3Y Avg
31.09%
5Y Avg
34.52%
| NAME | MARKET CAP | OPERATING MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| CVS Health Corp. (CVS) | $133.25B | 4.66% | 1.90% | 3.10% | 3.69% |
| Bristol-Myers Squibb Company (BMY)vs › | $133.37B | 28.27% | 23.17% | 21.31% | 19.39% |
| AstraZeneca PLC (AZN)vs › | $131.47B | 23.69% | 20.95% | 17.06% | 15.08% |
| Danaher Corporation (DHR)vs › | $137.13B | 20.42% | 21.31% | 23.25% | 23.28% |
| Stryker Corporation (SYK)vs › | $124.86B | 22.03% | 20.93% | 20.75% | 21.02% |
| Intuitive Surgical, Inc. (ISRG)vs › | $124.82B | 31.28% | 28.70% | 26.89% | 27.25% |
| Pfizer Inc. (PFE)vs › | $142.54B | 23.45% | 25.29% | 24.23% | 24.05% |
| Vertex Pharmaceuticals Incorporated (VRTX)vs › | $121.09B | 38.97% | 18.66% | 31.09% | 34.52% |
| Medtronic plc (MDT)vs › | $109.30B | 17.78% | 17.77% | 17.25% | 17.00% |
| Gilead Sciences, Inc. (GILD)vs › | $161.66B | 38.26% | 22.76% | 25.11% | 25.54% |
Gross Margin
13.9%
Operating Margin
4.7%
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 | 4.66% |
| 2025-12-31 | 2.00% |
| 2025-09-30 | -3.12% |
| 2025-06-30 | 2.41% |
| 2025-03-31 | 3.57% |
| 2024-12-31 | 2.42% |
| 2024-09-30 | 0.87% |
| 2024-06-30 | 3.34% |
| 2024-03-31 | 2.57% |
| 2023-12-31 | 3.60% |
| 2023-09-30 | 4.11% |
| 2023-06-30 | 3.64% |
| 2023-03-31 | 4.04% |
| 2022-12-31 | 4.32% |
| 2022-09-30 | -4.83% |
| 2022-06-30 | 5.79% |
| 2022-03-31 | 4.61% |
| 2021-12-31 | 2.91% |
| 2021-09-30 | 4.15% |
| 2021-06-30 | 5.96% |
| 2021-03-31 | 5.18% |
| 2020-12-31 | 3.63% |
| 2020-09-30 | 4.85% |
| 2020-06-30 | 7.16% |
| 2020-03-31 | 5.18% |
| 2019-12-31 | 4.54% |
| 2019-09-30 | 4.52% |
| 2019-06-30 | 5.25% |
| 2019-03-31 | 4.36% |
| 2018-12-31 | 2.38% |
| 2018-09-30 | 5.42% |
| 2018-06-30 | -2.93% |
| 2018-03-31 | 4.36% |
| 2017-12-31 | 6.42% |
| 2017-09-30 | 5.41% |
| 2017-06-30 | 4.63% |
| 2017-03-31 | 4.03% |
| 2016-12-31 | 6.51% |
| 2016-09-30 | 6.33% |
| 2016-06-30 | 5.39% |
| 2016-03-31 | 5.06% |
| 2015-12-31 | 6.63% |
| 2015-09-30 | 6.03% |
| 2015-06-30 | 6.09% |
| 2015-03-31 | 5.87% |
| 2014-12-31 | 6.26% |
| 2014-09-30 | 6.41% |
| 2014-06-30 | 6.38% |
| 2014-03-31 | 6.19% |
| 2013-12-31 | 6.74% |
| 2013-09-30 | 6.75% |
| 2013-06-30 | 6.31% |
| 2013-03-31 | 5.51% |
| 2012-12-31 | 7.34% |
| 2012-09-30 | 6.00% |
| 2012-06-30 | 5.56% |
| 2012-03-31 | 4.56% |
| 2011-12-31 | 6.91% |
| 2011-09-30 | 5.94% |
| 2011-06-30 | 5.62% |
| 2011-03-31 | 5.08% |
| 2010-12-31 | 7.15% |
| 2010-09-30 | 6.23% |
| 2010-06-30 | 6.25% |
| 2010-03-31 | 5.93% |
| 2009-12-31 | 7.34% |
| 2009-09-30 | 6.36% |
| 2009-06-30 | 6.43% |
| 2009-03-31 | 5.89% |
| 2008-12-31 | 7.17% |
| 2008-09-27 | 7.03% |
| 2008-06-28 | 6.99% |
| 2008-03-29 | 6.42% |
| 2007-12-31 | 6.73% |
| 2007-09-29 | 6.20% |
| 2007-06-30 | 6.33% |
| 2007-03-31 | 5.59% |
| 2006-12-31 | 6.21% |
| 2006-09-30 | 4.79% |
| 2006-07-01 | 5.63% |
| 2006-04-01 | 5.62% |
| 2005-12-31 | 6.20% |
| 2005-10-01 | 4.89% |
| 2005-07-02 | 5.24% |
| 2005-04-02 | 5.44% |
| 2004-12-31 | 3.88% |
| 2004-10-02 | 4.00% |
| 2004-07-03 | 5.58% |
| 2004-04-03 | 5.95% |
| 2003-12-31 | -8.63% |
| 2003-09-27 | 4.97% |
| 2003-06-28 | 5.23% |
| 2003-03-29 | 5.25% |
| 2002-12-31 | 5.28% |
| 2002-09-28 | 4.71% |
| 2002-06-29 | 4.98% |
