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 20.11% is 10% above its 5-year average of 18.28%, near the high end of its 5-year range (8.87%–21.08%).
0.21% above its 12-month average of 20.07%.
Reported quarterly operating margin; no daily interpolation.
OPERATING MARGIN
20.11%
OPERATING MARGIN AVG TTM
20.07%
OPERATING MARGIN AVG 3Y
19.17%
OPERATING MARGIN AVG 5Y
18.28%
OPERATING MARGIN AVG 10Y
17.65%
OPERATING MARGIN AVG 15Y
17.31%
OPERATING MARGIN AVG 20Y
16.67%
CURRENT VS TTM AVG
+0.21%
CURRENT VS 3Y AVG
+4.90%
CURRENT VS 5Y AVG
+10.01%
CURRENT VS 10Y AVG
+13.95%
CURRENT VS 15Y AVG
+16.20%
CURRENT VS 20Y AVG
+20.63%
SECTOR MEDIAN · INDUSTRIALS
11.95%
median of 154 covered companies
CURRENT VS SECTOR MEDIAN
+68.35%
vs the sector median at left
Emerson Electric Co.
Market Cap
$85.80B
Operating Margin
20.11%
TTM Avg
20.07%
3Y Avg
19.17%
5Y Avg
18.28%
Market Cap
$86.00B
Operating Margin
7.31%
TTM Avg
9.21%
3Y Avg
10.43%
5Y Avg
10.75%
Market Cap
$87.03B
Operating Margin
18.54%
TTM Avg
18.55%
3Y Avg
18.32%
5Y Avg
17.72%
Market Cap
$81.61B
Operating Margin
11.24%
TTM Avg
2.58%
3Y Avg
-8.07%
5Y Avg
-9.18%
Market Cap
$80.95B
Operating Margin
36.84%
TTM Avg
36.40%
3Y Avg
36.38%
5Y Avg
38.09%
Market Cap
$80.15B
Operating Margin
23.14%
TTM Avg
22.98%
3Y Avg
21.99%
5Y Avg
21.27%
Market Cap
$91.50B
Operating Margin
34.15%
TTM Avg
34.49%
3Y Avg
36.59%
5Y Avg
38.09%
| NAME | MARKET CAP | OPERATING MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Emerson Electric Co. (EMR) | $85.80B | 20.11% | 20.07% | 19.17% | 18.28% |
| 3M Company (MMM)vs › | $85.68B | 19.01% | 19.18% | 16.68% | 18.27% |
| United Parcel Service, Inc. (UPS)vs › | $86.00B | 7.31% | 9.21% | 10.43% | 10.75% |
| Waste Management, Inc. (WM)vs › | $87.03B | 18.54% | 18.55% | 18.32% | 17.72% |
| Bloom Energy Corporation (BE)vs › | $81.61B | 11.24% | 2.58% | -8.07% | -9.18% |
| Canadian Pacific Kansas City Ltd. (CP)vs › | $80.95B | 36.84% | 36.40% | 36.38% | 38.09% |
| Cintas Corporation (CTAS)vs › | $80.15B | 23.14% | 22.98% | 21.99% | 21.27% |
| CSX Corporation (CSX)vs › | $91.50B | 34.15% | 34.49% | 36.59% | 38.09% |
| Cummins Inc. (CMI)vs › | $77.98B | 11.13% | 11.24% | 9.52% | 10.13% |
| Illinois Tool Works Inc. (ITW)vs › | $77.18B | 26.50% | 26.55% | 25.49% | 24.82% |
Gross Margin
53.2%
Operating Margin
20.1%
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 |
|---|---|
| 2026-06-30 | 20.54% |
| 2026-03-31 | 19.75% |
| 2025-12-31 | 19.88% |
| 2025-09-30 | 20.23% |
| 2025-06-30 | 19.94% |
| 2025-03-31 | 19.38% |
| 2024-12-31 | 18.73% |
| 2024-09-30 | 17.10% |
| 2024-06-30 | 18.17% |
| 2024-03-31 | 16.34% |
| 2023-12-31 | 8.87% |
| 2023-09-30 | 18.90% |
| 2023-06-30 | 21.08% |
| 2023-03-31 | 18.16% |
| 2022-12-31 | 13.99% |
| 2022-09-30 | 19.53% |
| 2022-06-30 | 17.29% |
| 2022-03-31 | 16.13% |
| 2021-12-31 | 16.95% |
| 2021-09-30 | 15.65% |
| 2021-06-30 | 17.84% |
| 2021-03-31 | 16.57% |
| 2020-12-31 | 15.55% |
| 2020-09-30 | 19.07% |
| 2020-06-30 | 15.10% |
| 2020-03-31 | 18.16% |
| 2019-12-31 | 13.59% |
| 2019-09-30 | 19.27% |
| 2019-06-30 | 17.72% |
| 2019-03-31 | 16.04% |
| 2018-12-31 | 15.12% |
| 2018-09-30 | 16.94% |
| 2018-06-30 | 18.78% |
| 2018-03-31 | 17.21% |
| 2017-12-31 | 14.75% |
| 2017-09-30 | 16.87% |
| 2017-06-30 | 17.48% |
| 2017-03-31 | 18.69% |
| 2016-12-31 | 16.20% |
| 2016-09-30 | -232.65% |
| 2016-06-30 | 19.57% |
| 2016-03-31 | 17.94% |
| 2015-12-31 | 15.37% |
| 2015-09-30 | 17.32% |
| 2015-06-30 | 15.81% |
| 2015-03-31 | 13.91% |
| 2014-12-31 | 14.52% |
| 2014-09-30 | 20.14% |
| 2014-06-30 | 18.19% |
| 2014-03-31 | 15.86% |
| 2013-12-31 | 12.88% |
| 2013-09-30 | 19.16% |
| 2013-06-30 | 17.12% |
| 2013-03-31 | 14.71% |
| 2012-12-31 | 13.29% |
| 2012-09-30 | 20.36% |
| 2012-06-30 | 18.32% |
| 2012-03-31 | 15.02% |
| 2011-12-31 | 11.68% |
| 2011-09-30 | 23.18% |
| 2011-06-30 | 18.05% |
| 2011-03-31 | 16.93% |
| 2010-12-31 | 15.39% |
| 2010-09-30 | 16.52% |
| 2010-06-30 | 17.11% |
| 2010-03-31 | 13.49% |
| 2009-12-31 | 15.20% |
| 2009-09-30 | 13.53% |
| 2009-06-30 | 12.14% |
| 2009-03-31 | 11.93% |
| 2008-12-31 | 13.37% |
| 2008-09-30 | 17.20% |
| 2008-06-30 | 16.32% |
| 2008-03-31 | 16.07% |
| 2007-12-31 | 14.96% |
| 2007-09-30 | 16.34% |
| 2007-06-30 | 15.82% |
| 2007-03-31 | 15.09% |
| 2006-12-31 | 13.92% |
| 2006-09-30 | 15.65% |
| 2006-06-30 | 15.45% |
| 2006-03-31 | 15.02% |
| 2005-12-31 | 14.14% |
| 2005-09-30 | 15.46% |
| 2005-06-30 | 15.34% |
| 2005-03-31 | 14.41% |
| 2004-12-31 | 13.60% |
| 2004-09-30 | 14.76% |
| 2004-06-30 | 15.24% |
| 2004-03-31 | 14.23% |
| 2003-12-31 | 13.67% |
| 2003-09-30 | 14.65% |
| 2003-06-30 | 14.44% |
| 2003-03-31 | 13.85% |
| 2002-12-31 | 13.21% |
| 2002-09-30 | 13.38% |
