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 3.51% is 31% below its 5-year average of 5.06%, around the middle of its 5-year range (1.17%–7.57%).
9.13% below its 12-month average of 3.86%.
Reported quarterly operating margin; no daily interpolation.
OPERATING MARGIN
3.51%
OPERATING MARGIN AVG TTM
3.86%
OPERATING MARGIN AVG 3Y
4.59%
OPERATING MARGIN AVG 5Y
5.06%
OPERATING MARGIN AVG 10Y
5.41%
OPERATING MARGIN AVG 15Y
5.56%
OPERATING MARGIN AVG 20Y
6.06%
CURRENT VS TTM AVG
-9.13%
CURRENT VS 3Y AVG
-23.54%
CURRENT VS 5Y AVG
-30.60%
CURRENT VS 10Y AVG
-35.10%
CURRENT VS 15Y AVG
-36.83%
CURRENT VS 20Y AVG
-42.06%
SECTOR MEDIAN · HEALTHCARE
14.90%
median of 90 covered companies
CURRENT VS SECTOR MEDIAN
-76.44%
vs the sector median at left
Elevance Health Inc.
Market Cap
$87.17B
Operating Margin
3.51%
TTM Avg
3.86%
3Y Avg
4.59%
5Y Avg
5.06%
Market Cap
$87.04B
Operating Margin
15.48%
TTM Avg
15.38%
3Y Avg
15.15%
5Y Avg
15.20%
Market Cap
$83.48B
Operating Margin
25.56%
TTM Avg
26.52%
3Y Avg
32.61%
5Y Avg
38.03%
Market Cap
$104.10B
Operating Margin
1.62%
TTM Avg
1.41%
3Y Avg
1.42%
5Y Avg
1.37%
Market Cap
$105.97B
Operating Margin
22.03%
TTM Avg
20.93%
3Y Avg
20.75%
5Y Avg
21.02%
Market Cap
$66.86B
Operating Margin
21.46%
TTM Avg
17.76%
3Y Avg
16.30%
5Y Avg
14.57%
| NAME | MARKET CAP | OPERATING MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Elevance Health Inc. (ELV) | $87.17B | 3.51% | 3.86% | 4.59% | 5.06% |
| HCA Healthcare, Inc. (HCA)vs › | $87.04B | 15.48% | 15.38% | 15.15% | 15.20% |
| Regeneron Pharmaceuticals, Inc. (REGN)vs › | $83.48B | 25.56% | 26.52% | 32.61% | 38.03% |
| GSK plc (GSK)vs › | $97.25B | 20.72% | 19.17% | 20.63% | 20.79% |
| Cigna Corporation (CI)vs › | $72.89B | 3.46% | 3.56% | 4.04% | 4.30% |
| Sanofi (SNY)vs › | $103.62B | 14.74% | 18.46% | 19.67% | 22.87% |
| McKesson Corporation (MCK)vs › | $104.10B | 1.62% | 1.41% | 1.42% | 1.37% |
| Stryker Corporation (SYK)vs › | $105.97B | 22.03% | 20.93% | 20.75% | 21.02% |
| Boston Scientific Corporation (BSX)vs › | $66.86B | 21.46% | 17.76% | 16.30% | 14.57% |
| Cencora, Inc. (COR)vs › | $63.17B | 1.30% | 1.08% | 1.06% | 1.09% |
Gross Margin
25.6%
Operating Margin
3.5%
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 | 4.09% |
| 2026-03-31 | 5.30% |
| 2025-12-31 | 1.17% |
| 2025-09-30 | 3.46% |
| 2025-06-30 | 5.29% |
| 2025-03-31 | 6.42% |
| 2024-12-31 | 2.08% |
| 2024-09-30 | 3.79% |
| 2024-06-30 | 6.93% |
| 2024-03-31 | 7.53% |
| 2023-12-31 | 2.95% |
| 2023-09-30 | 4.46% |
| 2023-06-30 | 6.19% |
| 2023-03-31 | 6.81% |
| 2022-12-31 | 3.19% |
| 2022-09-30 | 5.86% |
| 2022-06-30 | 6.03% |
| 2022-03-31 | 6.58% |
| 2021-12-31 | 4.36% |
| 2021-09-30 | 6.13% |
| 2021-06-30 | 7.57% |
| 2021-03-31 | 7.31% |
| 2020-12-31 | 2.53% |
| 2020-09-30 | 1.98% |
| 2020-06-30 | 11.46% |
| 2020-03-31 | 7.71% |
| 2019-12-31 | 4.71% |
| 2019-09-30 | 6.28% |
| 2019-06-30 | 6.43% |
| 2019-03-31 | 8.64% |
| 2018-12-31 | 3.11% |
| 2018-09-30 | 6.15% |
| 2018-06-30 | 7.38% |
| 2018-03-31 | 8.80% |
| 2017-12-31 | 2.51% |
| 2017-09-30 | 5.66% |
| 2017-06-30 | 6.23% |
| 2017-03-31 | 7.77% |
| 2016-12-31 | 3.90% |
| 2016-09-30 | 6.29% |
| 2016-06-30 | 6.75% |
| 2016-03-31 | 6.47% |
| 2015-12-31 | 1.85% |
| 2015-09-30 | 5.68% |
| 2015-06-30 | 7.78% |
| 2015-03-31 | 8.24% |
| 2014-12-31 | 4.67% |
| 2014-09-30 | 5.86% |
| 2014-06-30 | 6.84% |
| 2014-03-31 | 6.33% |
| 2013-12-31 | 2.62% |
| 2013-09-30 | 4.93% |
| 2013-06-30 | 6.83% |
| 2013-03-31 | 7.30% |
| 2012-12-31 | 3.10% |
| 2012-09-30 | 6.68% |
| 2012-06-30 | 6.81% |
| 2012-03-31 | 8.50% |
| 2011-12-31 | 3.12% |
| 2011-09-30 | 6.79% |
| 2011-06-30 | 6.67% |
| 2011-03-31 | 9.58% |
| 2010-12-31 | 5.13% |
| 2010-09-30 | 7.80% |
| 2010-06-30 | 7.83% |
| 2010-03-31 | 8.86% |
| 2009-12-31 | 22.78% |
| 2009-09-30 | 7.24% |
| 2009-06-30 | 6.83% |
| 2009-03-31 | 5.90% |
| 2008-12-31 | 3.37% |
| 2008-09-30 | 3.67% |
| 2008-06-30 | 7.57% |
| 2008-03-31 | 5.65% |
| 2007-12-31 | 8.50% |
| 2007-09-30 | 9.00% |
| 2007-06-30 | 8.63% |
| 2007-03-31 | 8.26% |
| 2006-12-31 | 8.82% |
| 2006-09-30 | 8.68% |
| 2006-06-30 | 8.49% |
| 2006-03-31 | 8.47% |
| 2005-12-31 | 9.11% |
| 2005-09-30 | 9.17% |
| 2005-06-30 | 8.04% |
| 2005-03-31 | 8.49% |
| 2004-12-31 | 4.59% |
| 2004-09-30 | 7.75% |
| 2004-06-30 | 7.87% |
| 2004-03-31 | 8.55% |
| 2003-12-31 | 7.63% |
| 2003-09-30 | 7.28% |
| 2003-06-30 | 6.77% |
| 2003-03-31 | 7.38% |
| 2002-12-31 | 6.75% |
| 2002-09-30 | 6.41% |
