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 17.99% is 23% below its 5-year average of 23.33%, near the low end of its 5-year range (16.52%–28.45%).
As of the fiscal period ended Friday, June 26, 2026. 11.55% below its 12-month average of 20.34%.
Reported quarterly operating margin; no daily interpolation.
OPERATING MARGIN
17.99%
OPERATING MARGIN AVG TTM
20.34%
OPERATING MARGIN AVG 3Y
20.91%
OPERATING MARGIN AVG 5Y
23.33%
OPERATING MARGIN AVG 10Y
20.85%
OPERATING MARGIN AVG 15Y
19.55%
OPERATING MARGIN AVG 20Y
17.31%
CURRENT VS TTM AVG
-11.55%
CURRENT VS 3Y AVG
-13.95%
CURRENT VS 5Y AVG
-22.90%
CURRENT VS 10Y AVG
-13.73%
CURRENT VS 15Y AVG
-7.99%
CURRENT VS 20Y AVG
+3.90%
SECTOR MEDIAN · HEALTHCARE
15.48%
median of 79 covered companies
CURRENT VS SECTOR MEDIAN
+16.21%
vs the sector median at left
Danaher Corporation
Market Cap
$137.13B
Operating Margin
17.99%
TTM Avg
20.34%
3Y Avg
20.91%
5Y Avg
23.33%
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
$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%
Market Cap
$161.66B
Operating Margin
38.26%
TTM Avg
22.76%
3Y Avg
25.11%
5Y Avg
25.54%
| NAME | MARKET CAP | OPERATING MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Danaher Corporation (DHR) | $137.13B | 17.99% | 20.34% | 20.91% | 23.33% |
| Bristol-Myers Squibb Company (BMY)vs › | $133.37B | 28.27% | 23.17% | 21.31% | 19.39% |
| CVS Health Corp. (CVS)vs › | $133.25B | 1.46% | 2.43% | 2.79% | 3.48% |
| Pfizer Inc. (PFE)vs › | $142.54B | 23.45% | 25.29% | 24.23% | 24.05% |
| AstraZeneca PLC (AZN)vs › | $131.47B | 23.69% | 20.95% | 17.06% | 15.08% |
| 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% |
| Vertex Pharmaceuticals Incorporated (VRTX)vs › | $121.09B | 38.97% | 18.66% | 31.09% | 34.52% |
| Gilead Sciences, Inc. (GILD)vs › | $161.66B | 38.26% | 22.76% | 25.11% | 25.54% |
| Medtronic plc (MDT)vs › | $109.30B | 17.78% | 17.77% | 17.25% | 17.00% |
Gross Margin
58.5%
Operating Margin
18.0%
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 |
|---|---|
| 2026-06-26 | 17.99% |
| 2026-03-27 | 22.58% |
| 2025-12-31 | 21.97% |
| 2025-09-26 | 19.06% |
| 2025-06-27 | 20.08% |
| 2025-03-28 | 22.19% |
| 2024-12-31 | 26.71% |
| 2024-09-27 | 16.52% |
| 2024-06-28 | 20.34% |
| 2024-03-29 | 22.64% |
| 2023-12-31 | 22.08% |
| 2023-09-29 | 21.07% |
| 2023-06-30 | 19.97% |
| 2023-03-31 | 25.50% |
| 2022-12-31 | 27.99% |
| 2022-09-30 | 26.30% |
| 2022-07-01 | 28.45% |
| 2022-04-01 | 28.25% |
| 2021-12-31 | 26.44% |
| 2021-10-01 | 26.06% |
| 2021-07-02 | 27.78% |
| 2021-04-02 | 29.27% |
| 2020-12-31 | 23.68% |
| 2020-10-02 | 18.72% |
| 2020-07-03 | 15.94% |
| 2020-04-03 | 16.24% |
| 2019-12-31 | 19.75% |
| 2019-09-27 | 17.73% |
| 2019-06-28 | 18.26% |
| 2019-03-29 | 17.05% |
| 2018-12-31 | 18.75% |
| 2018-09-28 | 17.12% |
| 2018-06-29 | 17.72% |
| 2018-03-30 | 15.82% |
| 2017-12-31 | 19.73% |
| 2017-09-29 | 16.77% |
| 2017-06-30 | 16.84% |
| 2017-03-31 | 14.83% |
| 2016-12-31 | 15.89% |
| 2016-09-30 | 16.92% |
| 2016-07-01 | 17.88% |
| 2016-04-01 | 16.37% |
| 2015-12-31 | 16.63% |
| 2015-10-02 | 15.94% |
| 2015-07-03 | 18.16% |
| 2015-04-03 | 15.89% |
| 2014-12-31 | 16.38% |
| 2014-09-26 | 17.78% |
| 2014-06-27 | 17.92% |
| 2014-03-28 | 16.92% |
| 2013-12-31 | 16.86% |
| 2013-09-27 | 17.40% |
| 2013-06-28 | 17.81% |
| 2013-03-29 | 16.44% |
| 2012-12-31 | 17.35% |
| 2012-09-28 | 17.12% |
| 2012-06-29 | 17.82% |
| 2012-03-30 | 17.03% |
| 2011-12-31 | 16.49% |
| 2011-09-30 | 14.52% |
| 2011-07-01 | 16.87% |
| 2011-04-01 | 17.65% |
| 2010-12-31 | 17.36% |
| 2010-10-01 | 17.95% |
| 2010-07-02 | 16.12% |
| 2010-04-02 | 14.01% |
| 2009-12-31 | 12.57% |
| 2009-10-02 | 16.89% |
| 2009-07-03 | 12.86% |
| 2009-04-03 | 12.95% |
| 2008-12-31 | 13.34% |
| 2008-09-26 | 16.28% |
| 2008-06-27 | 15.54% |
| 2008-03-28 | 13.64% |
| 2007-12-31 | 14.80% |
| 2007-09-28 | 16.95% |
| 2007-06-29 | 16.76% |
| 2007-03-30 | 14.66% |
| 2006-12-31 | 16.81% |
| 2006-09-29 | 16.06% |
| 2006-06-30 | 16.23% |
| 2006-03-31 | 13.86% |
| 2005-12-31 | 15.56% |
| 2005-09-30 | 16.26% |
| 2005-07-01 | 16.65% |
| 2005-04-01 | 14.89% |
| 2004-12-31 | 15.96% |
| 2004-10-01 | 16.73% |
| 2004-07-02 | 16.79% |
| 2004-04-02 | 14.58% |
| 2003-12-31 | 17.60% |
| 2003-09-26 | 16.48% |
| 2003-06-27 | 15.48% |
| 2003-03-28 | 13.96% |
| 2002-12-31 | 16.23% |
| 2002-09-27 | 16.27% |
