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 14.14% is in line with its 5-year average of 14.74%, around the middle of its 5-year range (5.79%–23.50%).
2.31% below its 12-month average of 14.47%.
Reported quarterly operating margin; no daily interpolation. Q2 FY2026 (2026-06-30): 15.08%.
OPERATING MARGIN
14.14%
OPERATING MARGIN AVG TTM
14.47%
OPERATING MARGIN AVG 3Y
13.95%
OPERATING MARGIN AVG 5Y
14.74%
OPERATING MARGIN AVG 10Y
15.00%
OPERATING MARGIN AVG 15Y
14.96%
OPERATING MARGIN AVG 20Y
15.65%
CURRENT VS TTM AVG
-2.31%
CURRENT VS 3Y AVG
+1.33%
CURRENT VS 5Y AVG
-4.05%
CURRENT VS 10Y AVG
-5.76%
CURRENT VS 15Y AVG
-5.46%
CURRENT VS 20Y AVG
-9.63%
SECTOR MEDIAN · HEALTHCARE
14.90%
median of 90 covered companies
CURRENT VS SECTOR MEDIAN
-5.10%
vs the sector median at left
Quest Diagnostics Incorporated
Market Cap
$26.08B
Operating Margin
14.14%
TTM Avg
14.47%
3Y Avg
13.95%
5Y Avg
14.74%
Market Cap
$26.06B
Operating Margin
20.64%
TTM Avg
20.32%
3Y Avg
22.80%
5Y Avg
22.92%
Market Cap
$25.39B
Operating Margin
11.27%
TTM Avg
9.61%
3Y Avg
9.32%
5Y Avg
13.00%
Market Cap
$25.11B
Operating Margin
31.57%
TTM Avg
14.26%
3Y Avg
15.92%
5Y Avg
12.23%
Market Cap
$30.10B
Operating Margin
12.70%
TTM Avg
13.37%
3Y Avg
13.23%
5Y Avg
14.11%
| NAME | MARKET CAP | OPERATING MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Quest Diagnostics Incorporated (DGX) | $26.08B | 14.14% | 14.47% | 13.95% | 14.74% |
| West Pharmaceutical Services, Inc. (WST)vs › | $26.06B | 20.64% | 20.32% | 22.80% | 22.92% |
| Labcorp Holdings Inc. (LH)vs › | $25.39B | 11.27% | 9.61% | 9.32% | 13.00% |
| Incyte Corporation (INCY)vs › | $25.11B | 31.57% | 14.26% | 15.92% | 12.23% |
| BioNTech SE (BNTX)vs › | $24.75B | -22.63% | -35.20% | 5.18% | 14.03% |
| Medline Inc. (MDLN)vs › | $29.34B | 6.07% | 8.25% | 6.70% | 6.70% |
| Zoetis Inc. (ZTS)vs › | $29.79B | 37.00% | 37.33% | 36.70% | 36.14% |
| GE HealthCare Technologies Inc. (GEHC)vs › | $30.10B | 12.70% | 13.37% | 13.23% | 14.11% |
| Centene Corp. (CNC)vs › | $30.53B | -2.82% | -0.98% | 0.21% | 0.84% |
| Mettler-Toledo International Inc. (MTD)vs › | $30.55B | 28.69% | 28.45% | 28.53% | 27.71% |
Gross Margin
33.1%
Operating Margin
14.1%
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 | 15.08% |
| 2026-03-31 | 13.78% |
| 2025-12-31 | 13.93% |
| 2025-09-30 | 13.71% |
| 2025-06-30 | 15.86% |
| 2025-03-31 | 13.05% |
| 2024-12-31 | 13.77% |
| 2024-09-30 | 13.26% |
| 2024-06-30 | 14.81% |
| 2024-03-31 | 12.68% |
| 2023-12-31 | 11.67% |
| 2023-09-30 | 14.90% |
| 2023-06-30 | 14.88% |
| 2023-03-31 | 13.08% |
| 2022-12-31 | 5.79% |
| 2022-09-30 | 15.77% |
| 2022-06-30 | 15.82% |
| 2022-03-31 | 19.65% |
| 2021-12-31 | 19.53% |
| 2021-09-30 | 23.50% |
| 2021-06-30 | 20.90% |
| 2021-03-31 | 24.26% |
| 2020-12-31 | 26.48% |
| 2020-09-30 | 25.77% |
| 2020-06-30 | 15.49% |
| 2020-03-31 | 9.60% |
| 2019-12-31 | 18.85% |
| 2019-09-30 | 16.00% |
| 2019-06-30 | 15.72% |
| 2019-03-31 | 13.11% |
| 2018-12-31 | 11.96% |
| 2018-09-30 | 16.09% |
| 2018-06-30 | 15.89% |
| 2018-03-31 | 14.44% |
| 2017-12-31 | 13.89% |
| 2017-09-30 | 15.43% |
| 2017-06-30 | 16.42% |
| 2017-03-31 | 14.69% |
| 2016-12-31 | 14.83% |
| 2016-09-30 | 17.08% |
| 2016-06-30 | 22.14% |
| 2016-03-31 | 13.79% |
| 2015-12-31 | 12.93% |
| 2015-09-30 | 33.56% |
| 2015-06-30 | 15.64% |
| 2015-03-31 | 12.40% |
| 2014-12-31 | 13.65% |
| 2014-09-30 | 13.45% |
| 2014-06-30 | 13.77% |
| 2014-03-31 | 11.91% |
| 2013-12-31 | 15.38% |
| 2013-09-30 | 38.58% |
| 2013-06-30 | 15.90% |
| 2013-03-31 | 12.71% |
| 2012-12-31 | 14.94% |
| 2012-09-30 | 16.67% |
| 2012-06-30 | 17.55% |
| 2012-03-31 | 15.47% |
| 2011-12-31 | 17.30% |
| 2011-09-30 | 16.90% |
| 2011-06-30 | 16.65% |
| 2011-03-31 | 14.66% |
| 2010-12-31 | 16.13% |
| 2010-09-30 | 18.06% |
| 2010-06-30 | 19.52% |
| 2010-03-31 | 16.54% |
| 2009-12-31 | 17.88% |
| 2009-09-30 | 18.36% |
| 2009-06-30 | 18.90% |
| 2009-03-31 | 17.76% |
| 2008-12-31 | 17.61% |
| 2008-09-30 | 17.35% |
| 2008-06-30 | 16.76% |
| 2008-03-31 | 15.70% |
| 2007-12-31 | 17.63% |
| 2007-09-30 | 17.32% |
| 2007-06-30 | 16.60% |
| 2007-03-31 | 13.16% |
| 2006-12-31 | 18.02% |
| 2006-09-30 | 18.50% |
| 2006-06-30 | 16.58% |
| 2006-03-31 | 15.72% |
| 2005-12-31 | 16.30% |
| 2005-09-30 | 17.73% |
| 2005-06-30 | 18.96% |
| 2005-03-31 | 17.42% |
| 2004-12-31 | 17.99% |
| 2004-09-30 | 17.96% |
| 2004-06-30 | 17.73% |
| 2004-03-31 | 16.63% |
| 2003-12-31 | 16.28% |
| 2003-09-30 | 17.81% |
| 2003-06-30 | 17.93% |
| 2003-03-31 | 14.96% |
| 2002-12-31 | 14.05% |
| 2002-09-30 | 15.02% |
