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 4.94% is 52% below its 5-year average of 10.29%, near the low end of its 5-year range (-1.34%–21.26%).
7.44% below its 12-month average of 5.34%.
Reported quarterly operating margin; no daily interpolation. Q2 FY2026 (2026-06-30): 5.19%.
OPERATING MARGIN
4.94%
OPERATING MARGIN AVG TTM
5.34%
OPERATING MARGIN AVG 3Y
7.92%
OPERATING MARGIN AVG 5Y
10.29%
OPERATING MARGIN AVG 10Y
8.84%
OPERATING MARGIN AVG 15Y
8.95%
OPERATING MARGIN AVG 20Y
10.72%
CURRENT VS TTM AVG
-7.44%
CURRENT VS 3Y AVG
-37.65%
CURRENT VS 5Y AVG
-52.01%
CURRENT VS 10Y AVG
-44.10%
CURRENT VS 15Y AVG
-44.83%
CURRENT VS 20Y AVG
-53.92%
SECTOR MEDIAN · ENERGY
18.52%
median of 50 covered companies
CURRENT VS SECTOR MEDIAN
-73.32%
vs the sector median at left
Market Cap
$81.20B
Operating Margin
27.54%
TTM Avg
32.16%
3Y Avg
34.03%
5Y Avg
30.70%
Market Cap
$79.29B
Operating Margin
12.97%
TTM Avg
13.09%
3Y Avg
13.00%
5Y Avg
14.24%
Market Cap
$84.37B
Operating Margin
40.31%
TTM Avg
34.31%
3Y Avg
33.92%
5Y Avg
31.49%
Market Cap
$74.90B
Operating Margin
39.07%
TTM Avg
34.86%
3Y Avg
36.23%
5Y Avg
28.41%
Market Cap
$69.17B
Operating Margin
10.60%
TTM Avg
11.23%
3Y Avg
10.41%
5Y Avg
10.39%
Market Cap
$68.21B
Operating Margin
29.04%
TTM Avg
28.73%
3Y Avg
26.70%
5Y Avg
27.54%
Market Cap
$99.18B
Operating Margin
18.62%
TTM Avg
32.87%
3Y Avg
30.29%
5Y Avg
25.02%
| NAME | MARKET CAP | OPERATING MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Eni S.p.A. (E) | $80.58B | 4.94% | 5.34% | 7.92% | 10.29% |
| Suncor Energy Inc. (SU)vs › | $81.20B | 27.54% | 32.16% | 34.03% | 30.70% |
| Enterprise Products Partners L.P. (EPD)vs › | $79.29B | 12.97% | 13.09% | 13.00% | 14.24% |
| The Williams Companies, Inc. (WMB)vs › | $84.37B | 40.31% | 34.31% | 33.92% | 31.49% |
| Slb N.V. (SLB)vs › | $76.42B | 13.40% | 16.36% | 16.02% | 13.86% |
| EOG Resources, Inc. (EOG)vs › | $74.90B | 39.07% | 34.86% | 36.23% | 28.41% |
| Energy Transfer LP (ET)vs › | $69.17B | 10.60% | 11.23% | 10.41% | 10.39% |
| Kinder Morgan, Inc. (KMI)vs › | $68.21B | 29.04% | 28.73% | 26.70% | 27.54% |
| Canadian Natural Resources Limited (CNQ)vs › | $99.18B | 18.62% | 32.87% | 30.29% | 25.02% |
| TC Energy Corporation (TRP)vs › | $61.09B | 46.09% | 43.13% | 42.95% | 43.43% |
Gross Margin
9.9%
Operating Margin
4.9%
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 | 5.19% |
| 2026-03-31 | 3.19% |
| 2025-12-31 | 4.13% |
| 2025-09-30 | 7.18% |
| 2025-06-30 | 7.00% |
| 2025-03-31 | 3.16% |
| 2024-12-31 | 5.59% |
| 2024-09-30 | 7.38% |
| 2024-06-30 | 14.21% |
| 2024-03-31 | 12.08% |
| 2023-12-31 | 8.67% |
| 2023-09-30 | 14.45% |
| 2023-06-30 | 10.77% |
| 2023-03-31 | 9.58% |
| 2022-12-31 | -1.34% |
| 2022-09-30 | 18.10% |
| 2022-06-30 | 19.35% |
| 2022-03-31 | 19.30% |
| 2021-12-31 | 21.26% |
| 2021-09-30 | 14.68% |
| 2021-06-30 | 12.24% |
| 2021-03-31 | 12.85% |
| 2020-12-31 | 6.78% |
| 2020-09-30 | 5.15% |
| 2020-06-30 | 0.82% |
| 2020-03-31 | -2.69% |
| 2019-12-31 | 7.89% |
| 2019-09-30 | 9.76% |
| 2019-06-30 | 11.77% |
| 2019-03-31 | 12.91% |
| 2018-12-31 | 11.10% |
| 2018-09-30 | 16.83% |
| 2018-06-30 | 10.62% |
| 2018-03-31 | 12.87% |
| 2017-12-31 | 4.47% |
| 2017-09-30 | 6.25% |
| 2017-06-30 | 3.03% |
| 2017-03-31 | 10.03% |
| 2016-12-31 | 4.99% |
| 2016-09-30 | -0.93% |
| 2016-06-30 | 1.64% |
| 2016-03-31 | 0.79% |
| 2015-12-31 | -44.79% |
| 2015-09-30 | 1.55% |
| 2015-06-30 | 7.91% |
| 2015-03-31 | 8.41% |
| 2014-12-31 | 3.22% |
| 2014-09-30 | 9.70% |
| 2014-06-30 | 8.24% |
| 2014-03-31 | 12.49% |
| 2013-12-31 | 0.97% |
| 2013-09-30 | 11.09% |
| 2013-06-30 | 5.23% |
| 2013-03-31 | 12.26% |
| 2012-12-31 | 7.70% |
| 2012-09-30 | 12.84% |
| 2012-06-30 | 9.09% |
| 2012-03-31 | 20.07% |
| 2011-12-31 | 11.46% |
| 2011-09-30 | 17.21% |
| 2011-06-30 | 14.73% |
| 2011-03-31 | 19.32% |
| 2010-12-31 | 10.15% |
| 2010-09-30 | 17.82% |
| 2010-06-30 | 18.27% |
| 2010-03-31 | 19.43% |
| 2009-12-31 | 11.03% |
| 2009-09-30 | 16.52% |
| 2009-06-30 | 25.25% |
| 2009-03-31 | 16.46% |
| 2008-12-31 | 1.84% |
| 2008-09-30 | 22.29% |
| 2008-06-30 | 20.93% |
| 2008-03-31 | 21.69% |
| 2007-12-31 | -200.17% |
| 2007-09-30 | 100.00% |
| 2007-06-30 | 22.13% |
| 2007-03-31 | 100.00% |
| 2006-12-31 | -222.15% |
| 2006-09-30 | 100.00% |
| 2006-06-30 | 23.59% |
| 2006-03-31 | 100.00% |
| 2005-12-31 | -163.41% |
| 2005-09-30 | 100.00% |
| 2005-06-30 | 24.50% |
| 2005-03-31 | 100.00% |
| 2004-12-31 | -462.62% |
| 2004-09-30 | 100.00% |
| 2004-06-30 | 36.83% |
| 2004-03-31 | 100.00% |
| 2003-12-31 | -264.18% |
| 2003-09-30 | 100.00% |
| 2003-06-30 | 19.40% |
| 2003-03-31 | 100.00% |
| 2002-12-31 | -227.23% |
| 2002-09-30 | 100.00% |
