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 23.10% is 32% above its 5-year average of 17.46%, near the high end of its 5-year range (9.21%–24.35%).
As of the fiscal period ended Tuesday, March 31, 2026. 28.51% above its 12-month average of 17.98%.
Reported quarterly operating margin; no daily interpolation.
OPERATING MARGIN
23.10%
OPERATING MARGIN AVG TTM
17.98%
OPERATING MARGIN AVG 3Y
16.91%
OPERATING MARGIN AVG 5Y
17.46%
OPERATING MARGIN AVG 10Y
19.46%
OPERATING MARGIN AVG 15Y
18.95%
OPERATING MARGIN AVG 20Y
17.73%
CURRENT VS TTM AVG
+28.51%
CURRENT VS 3Y AVG
+36.58%
CURRENT VS 5Y AVG
+32.29%
CURRENT VS 10Y AVG
+18.73%
CURRENT VS 15Y AVG
+21.93%
CURRENT VS 20Y AVG
+30.27%
SECTOR MEDIAN · UTILITIES
21.85%
median of 42 covered companies
CURRENT VS SECTOR MEDIAN
+5.73%
vs the sector median at left
Consolidated Edison, Inc.
Market Cap
$40.11B
Operating Margin
23.10%
TTM Avg
17.98%
3Y Avg
16.91%
5Y Avg
17.46%
Market Cap
$38.21B
Operating Margin
25.47%
TTM Avg
23.68%
3Y Avg
23.56%
5Y Avg
18.18%
Market Cap
$35.64B
Operating Margin
24.12%
TTM Avg
24.63%
3Y Avg
22.69%
5Y Avg
22.49%
Market Cap
$46.58B
Operating Margin
19.99%
TTM Avg
18.93%
3Y Avg
16.65%
5Y Avg
14.64%
Market Cap
$46.88B
Operating Margin
20.79%
TTM Avg
19.98%
3Y Avg
18.97%
5Y Avg
16.56%
Market Cap
$48.82B
Operating Margin
20.96%
TTM Avg
18.69%
3Y Avg
17.68%
5Y Avg
17.58%
Market Cap
$30.33B
Operating Margin
24.87%
TTM Avg
21.46%
3Y Avg
20.68%
5Y Avg
21.00%
Market Cap
$50.22B
Operating Margin
22.57%
TTM Avg
22.95%
3Y Avg
20.59%
5Y Avg
19.26%
| NAME | MARKET CAP | OPERATING MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Consolidated Edison, Inc. (ED) | $40.11B | 23.10% | 17.98% | 16.91% | 17.46% |
| Public Service Enterprise Group Incorporated (PEG)vs › | $38.21B | 25.47% | 23.68% | 23.56% | 18.18% |
| WEC Energy Group, Inc. (WEC)vs › | $35.64B | 24.12% | 24.63% | 22.69% | 22.49% |
| PG&E Corporation (PCG)vs › | $46.58B | 19.99% | 18.93% | 16.65% | 14.64% |
| Exelon Corporation (EXC)vs › | $46.88B | 20.79% | 19.98% | 18.97% | 16.56% |
| Xcel Energy Inc. (XEL)vs › | $48.82B | 20.96% | 18.69% | 17.68% | 17.58% |
| Ameren Corporation (AEE)vs › | $30.33B | 24.87% | 21.46% | 20.68% | 21.00% |
| Vistra Corp. (VST)vs › | $49.97B | 2.07% | 20.00% | 20.00% | 14.33% |
| Entergy Corporation (ETR)vs › | $50.22B | 22.57% | 22.95% | 20.59% | 19.26% |
| DTE Energy Company (DTE)vs › | $29.52B | 12.71% | 15.90% | 14.62% | 13.68% |
Gross Margin
65.0%
Operating Margin
23.1%
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 |
|---|---|
| 2026-03-31 | 23.10% |
| 2025-12-31 | 12.09% |
| 2025-09-30 | 21.37% |
| 2025-06-30 | 9.87% |
| 2025-03-31 | 23.45% |
| 2024-12-31 | 13.87% |
| 2024-09-30 | 21.07% |
| 2024-06-30 | 9.94% |
| 2024-03-31 | 24.35% |
| 2023-12-31 | 13.10% |
| 2023-09-30 | 18.70% |
| 2023-06-30 | 9.21% |
| 2023-03-31 | 19.79% |
| 2022-12-31 | 13.06% |
| 2022-09-30 | 21.43% |
| 2022-06-30 | 11.46% |
| 2022-03-31 | 20.06% |
| 2021-12-31 | 20.41% |
| 2021-09-30 | 22.97% |
| 2021-06-30 | 14.03% |
| 2021-03-31 | 23.41% |
| 2020-12-31 | 16.91% |
| 2020-09-30 | 25.85% |
| 2020-06-30 | 17.51% |
| 2020-03-31 | 25.15% |
| 2019-12-31 | 19.15% |
| 2019-09-30 | 25.62% |
| 2019-06-30 | 16.48% |
| 2019-03-31 | 22.25% |
| 2018-12-31 | 17.63% |
| 2018-09-30 | 24.98% |
| 2018-06-30 | 15.93% |
| 2018-03-31 | 22.35% |
| 2017-12-31 | 14.39% |
| 2017-09-30 | 29.82% |
| 2017-06-30 | 19.77% |
| 2017-03-31 | 25.51% |
| 2016-12-31 | 25.51% |
| 2016-09-30 | 19.17% |
| 2016-06-30 | 26.70% |
| 2016-03-31 | 20.34% |
| 2015-12-31 | 14.74% |
| 2015-09-30 | 24.11% |
| 2015-06-30 | 16.93% |
| 2015-03-31 | 20.08% |
| 2014-12-31 | 8.84% |
| 2014-09-30 | 24.16% |
| 2014-06-30 | 15.63% |
| 2014-03-31 | 18.08% |
| 2013-12-31 | 16.64% |
| 2013-09-30 | 24.54% |
| 2013-06-30 | 13.70% |
| 2013-03-31 | 16.52% |
| 2012-12-31 | 15.62% |
| 2012-09-30 | 24.75% |
| 2012-06-30 | 17.14% |
| 2012-03-31 | 18.23% |
| 2011-12-31 | 15.44% |
| 2011-09-30 | 20.83% |
| 2011-06-30 | 13.30% |
| 2011-03-31 | 18.69% |
| 2010-12-31 | 15.70% |
| 2010-09-30 | 19.02% |
| 2010-06-30 | 14.22% |
| 2010-03-31 | 14.21% |
| 2009-12-31 | 24.47% |
| 2009-09-30 | 13.87% |
| 2009-06-30 | 10.33% |
| 2009-03-31 | 9.32% |
| 2008-12-31 | 12.74% |
| 2008-09-30 | 10.42% |
| 2008-06-30 | 10.73% |
| 2008-03-31 | 15.01% |
| 2007-12-31 | 13.07% |
| 2007-09-30 | 15.32% |
| 2007-06-30 | 11.82% |
| 2007-03-31 | 15.65% |
| 2006-12-31 | 15.09% |
| 2006-09-30 | 14.97% |
| 2006-06-30 | 12.25% |
| 2006-03-31 | 12.45% |
| 2005-12-31 | 8.78% |
| 2005-09-30 | 17.54% |
| 2005-06-30 | 11.01% |
| 2005-03-31 | 14.03% |
| 2004-12-31 | 7.28% |
| 2004-09-30 | 17.35% |
| 2004-06-30 | 10.42% |
| 2004-03-31 | 13.41% |
| 2003-12-31 | 7.15% |
| 2003-09-30 | 19.06% |
| 2003-06-30 | 9.51% |
| 2003-03-31 | 13.85% |
| 2002-12-31 | 12.77% |
| 2002-09-30 | 22.34% |
| 2002-06-30 | 13.73% |
