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 22.92% is 38% above its 5-year average of 16.61%, near the high end of its 5-year range (0.09%–25.64%).
4.36% above its 12-month average of 21.96%.
Reported quarterly operating margin; no daily interpolation.
OPERATING MARGIN
22.92%
OPERATING MARGIN AVG TTM
21.96%
OPERATING MARGIN AVG 3Y
18.34%
OPERATING MARGIN AVG 5Y
16.61%
OPERATING MARGIN AVG 10Y
9.88%
OPERATING MARGIN AVG 15Y
-1.19%
OPERATING MARGIN AVG 20Y
-17.59%
CURRENT VS TTM AVG
+4.36%
CURRENT VS 3Y AVG
+24.97%
CURRENT VS 5Y AVG
+38.01%
CURRENT VS 10Y AVG
+131.91%
CURRENT VS 15Y AVG
+2024.03%
CURRENT VS 20Y AVG
+230.33%
SECTOR MEDIAN · HEALTHCARE
14.90%
median of 90 covered companies
CURRENT VS SECTOR MEDIAN
+53.83%
vs the sector median at left
Market Cap
$30.21B
Operating Margin
28.22%
TTM Avg
28.07%
3Y Avg
28.30%
5Y Avg
28.33%
Market Cap
$29.85B
Operating Margin
12.70%
TTM Avg
13.37%
3Y Avg
13.23%
5Y Avg
14.11%
| NAME | MARKET CAP | OPERATING MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| DexCom, Inc. (DXCM) | $31.59B | 22.92% | 21.96% | 18.34% | 16.61% |
| ResMed Inc. (RMD)vs › | $31.77B | 33.48% | 33.11% | 30.30% | 29.57% |
| Biogen Inc. (BIIB)vs › | $31.32B | 12.79% | 22.44% | 23.65% | 25.70% |
| Zoetis Inc. (ZTS)vs › | $30.88B | 37.00% | 37.33% | 36.70% | 36.14% |
| Centene Corp. (CNC)vs › | $30.66B | -2.82% | -0.98% | 0.21% | 0.84% |
| Waters Corporation (WAT)vs › | $30.21B | 28.22% | 28.07% | 28.30% | 28.33% |
| GE HealthCare Technologies Inc. (GEHC)vs › | $29.85B | 12.70% | 13.37% | 13.23% | 14.11% |
| Alcon Inc. (ALC)vs › | $33.74B | 9.87% | 13.67% | 11.51% | 7.66% |
| Medline Inc. (MDLN)vs › | $29.23B | 6.07% | 8.25% | 6.70% | 6.70% |
| Alnylam Pharmaceuticals, Inc. (ALNY)vs › | $34.78B | 20.81% | 2.82% | -21.37% | -56.25% |
Gross Margin
62.5%
Operating Margin
22.9%
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 | 24.33% |
| 2026-03-31 | 21.42% |
| 2025-12-31 | 25.64% |
| 2025-09-30 | 20.05% |
| 2025-06-30 | 18.37% |
| 2025-03-31 | 12.91% |
| 2024-12-31 | 16.96% |
| 2024-09-30 | 15.29% |
| 2024-06-30 | 15.73% |
| 2024-03-31 | 10.98% |
| 2023-12-31 | 20.97% |
| 2023-09-30 | 21.08% |
| 2023-06-30 | 14.70% |
| 2023-03-31 | 6.37% |
| 2022-12-31 | 15.38% |
| 2022-09-30 | 19.17% |
| 2022-06-30 | 11.06% |
| 2022-03-31 | 6.57% |
| 2021-12-31 | 0.09% |
| 2021-09-30 | 18.19% |
| 2021-06-30 | 16.97% |
| 2021-03-31 | 9.09% |
| 2020-12-31 | 18.28% |
| 2020-09-30 | 18.79% |
| 2020-06-30 | 15.01% |
| 2020-03-31 | 8.29% |
| 2019-12-31 | 21.93% |
| 2019-09-30 | 14.13% |
| 2019-06-30 | -0.24% |
| 2019-03-31 | -5.13% |
| 2018-12-31 | -48.70% |
| 2018-09-30 | 5.21% |
| 2018-06-30 | -2.02% |
| 2018-03-31 | -16.65% |
| 2017-12-31 | 5.43% |
| 2017-09-30 | -0.27% |
| 2017-06-30 | -7.97% |
| 2017-03-31 | -28.39% |
| 2016-12-31 | -3.56% |
| 2016-09-30 | -12.45% |
| 2016-06-30 | -14.64% |
| 2016-03-31 | -16.52% |
| 2015-12-31 | 1.22% |
| 2015-09-30 | -40.30% |
| 2015-06-30 | -3.86% |
| 2015-03-31 | -17.45% |
| 2014-12-31 | 1.90% |
| 2014-09-30 | -7.25% |
| 2014-06-30 | -9.86% |
| 2014-03-31 | -26.11% |
| 2013-12-31 | -4.45% |
| 2013-09-30 | -13.52% |
| 2013-06-30 | -27.65% |
| 2013-03-31 | -36.82% |
| 2012-12-31 | -25.05% |
| 2012-09-30 | -75.02% |
| 2012-06-30 | -62.47% |
| 2012-03-31 | -76.62% |
| 2011-12-31 | -54.75% |
| 2011-09-30 | -72.90% |
| 2011-06-30 | -34.50% |
| 2011-03-31 | -83.74% |
| 2010-12-31 | -63.23% |
| 2010-09-30 | -111.99% |
| 2010-06-30 | -95.60% |
| 2010-03-31 | -116.02% |
| 2009-12-31 | -90.36% |
| 2009-09-30 | -159.51% |
| 2009-06-30 | -199.30% |
| 2009-03-31 | -217.52% |
| 2008-12-31 | -312.74% |
| 2008-09-30 | -728.65% |
| 2008-06-30 | -678.86% |
| 2008-03-31 | -679.05% |
| 2007-12-31 | -796.92% |
| 2007-09-30 | -939.79% |
| 2007-06-30 | -1337.20% |
| 2007-03-31 | -1132.02% |
| 2006-12-31 | -1408.19% |
| 2006-09-30 | -1695.03% |
| 2006-06-30 | -2485.03% |
| 2006-03-31 | -77170.69% |
| 2005-12-31 | 0.00% |
| 2005-09-30 | 0.00% |
| 2005-06-30 | 0.00% |
| 2005-03-31 | 0.00% |
