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 34.70% is in line with its 5-year average of 35.47%, near the high end of its 5-year range (-145.59%–90.17%).
14.53% below its 12-month average of 40.60%.
Reported quarterly operating margin; no daily interpolation. Q2 FY2026 (2026-06-30): 25.08%.
OPERATING MARGIN
34.70%
OPERATING MARGIN AVG TTM
40.60%
OPERATING MARGIN AVG 3Y
23.70%
OPERATING MARGIN AVG 5Y
35.47%
OPERATING MARGIN AVG 10Y
12.91%
OPERATING MARGIN AVG 15Y
28.25%
OPERATING MARGIN AVG 20Y
26.05%
CURRENT VS TTM AVG
-14.53%
CURRENT VS 3Y AVG
+46.42%
CURRENT VS 5Y AVG
-2.16%
CURRENT VS 10Y AVG
+168.69%
CURRENT VS 15Y AVG
+22.83%
CURRENT VS 20Y AVG
+33.21%
SECTOR MEDIAN · ENERGY
18.52%
median of 50 covered companies
CURRENT VS SECTOR MEDIAN
+87.42%
vs the sector median at left
EQT Corporation
Market Cap
$33.29B
Operating Margin
34.70%
TTM Avg
40.60%
3Y Avg
23.70%
5Y Avg
35.47%
Market Cap
$37.29B
Operating Margin
37.70%
TTM Avg
36.01%
3Y Avg
47.14%
5Y Avg
37.71%
Market Cap
$29.25B
Operating Margin
11.44%
TTM Avg
13.43%
3Y Avg
14.48%
5Y Avg
8.81%
Market Cap
$27.68B
Operating Margin
34.04%
TTM Avg
33.50%
3Y Avg
35.21%
5Y Avg
27.57%
Market Cap
$40.62B
Operating Margin
14.57%
TTM Avg
16.48%
3Y Avg
11.17%
5Y Avg
5.18%
Market Cap
$25.19B
Operating Margin
74.92%
TTM Avg
75.28%
3Y Avg
77.94%
5Y Avg
77.33%
Market Cap
$22.25B
Operating Margin
33.65%
TTM Avg
31.87%
3Y Avg
22.13%
5Y Avg
20.05%
Market Cap
$21.62B
Operating Margin
17.49%
TTM Avg
-0.77%
3Y Avg
17.98%
5Y Avg
-10.55%
| NAME | MARKET CAP | OPERATING MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| EQT Corporation (EQT) | $33.29B | 34.70% | 40.60% | 23.70% | 35.47% |
| Tenaris S.A. (TS)vs › | $29.59B | 18.55% | 19.23% | 23.17% | 15.11% |
| Venture Global, Inc. (VG)vs › | $37.29B | 37.70% | 36.01% | 47.14% | 37.71% |
| Halliburton Company (HAL)vs › | $29.25B | 11.44% | 13.43% | 14.48% | 8.81% |
| Pembina Pipeline Corporation (PBA)vs › | $27.68B | 34.04% | 33.50% | 35.21% | 27.57% |
| Cameco Corporation (CCJ)vs › | $40.62B | 14.57% | 16.48% | 11.17% | 5.18% |
| Texas Pacific Land Corporation (TPL)vs › | $25.19B | 74.92% | 75.28% | 77.94% | 77.33% |
| First Solar, Inc. (FSLR)vs › | $22.25B | 33.65% | 31.87% | 22.13% | 20.05% |
| Expand Energy Corporation (EXE)vs › | $21.62B | 17.49% | -0.77% | 17.98% | -10.55% |
| APA Corporation (APA)vs › | $15.92B | 30.83% | 31.84% | 37.53% | 31.29% |
Gross Margin
48.9%
Operating Margin
34.7%
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 | 25.08% |
| 2026-03-31 | 60.26% |
| 2025-12-31 | 40.23% |
| 2025-09-30 | 33.09% |
| 2025-06-30 | 44.34% |
| 2025-03-31 | 20.52% |
| 2024-12-31 | 43.22% |
| 2024-09-30 | -23.16% |
| 2024-06-30 | 0.33% |
| 2024-03-31 | 13.99% |
| 2023-12-31 | 52.71% |
| 2023-09-30 | 1.57% |
| 2023-06-30 | -4.10% |
| 2023-03-31 | 87.73% |
| 2022-12-31 | 90.17% |
| 2022-09-30 | 25.01% |
| 2022-06-30 | 40.38% |
| 2022-03-31 | -75.58% |
| 2021-12-31 | 87.04% |
| 2021-09-30 | -145.59% |
| 2021-06-30 | -112.18% |
| 2021-03-31 | 0.78% |
| 2020-12-31 | 17.37% |
| 2020-09-30 | -126.85% |
| 2020-06-30 | -77.28% |
| 2020-03-31 | 17.19% |
| 2019-12-31 | -171.85% |
| 2019-09-30 | -20.94% |
| 2019-06-30 | 32.80% |
| 2019-03-31 | 13.76% |
| 2018-12-31 | -86.15% |
| 2018-09-30 | -12.69% |
| 2018-06-30 | -10.34% |
| 2018-03-31 | -142.26% |
| 2017-12-31 | 22.33% |
| 2017-09-30 | 22.10% |
| 2017-06-30 | 29.50% |
| 2017-03-31 | 51.66% |
| 2016-12-31 | -31.81% |
| 2016-09-30 | 23.41% |
| 2016-06-30 | -89.58% |
| 2016-03-31 | 29.17% |
| 2015-12-31 | 10.66% |
| 2015-09-30 | 40.90% |
| 2015-06-30 | 7.70% |
| 2015-03-31 | 47.32% |
| 2014-12-31 | 5.74% |
| 2014-09-30 | 40.00% |
| 2014-06-30 | 42.72% |
| 2014-03-31 | 53.93% |
| 2013-12-31 | 23.13% |
| 2013-09-30 | 32.98% |
| 2013-06-30 | 31.14% |
| 2013-03-31 | 25.86% |
| 2012-12-31 | 30.64% |
| 2012-09-30 | 23.61% |
| 2012-06-30 | 24.10% |
| 2012-03-31 | 33.82% |
| 2011-12-31 | 34.65% |
| 2011-09-30 | 93.54% |
| 2011-06-30 | 43.89% |
| 2011-03-31 | 48.37% |
| 2010-12-31 | 36.27% |
| 2010-09-30 | 34.27% |
| 2010-06-30 | 30.49% |
| 2010-03-31 | 38.73% |
| 2009-12-31 | 32.91% |
| 2009-09-30 | 18.29% |
| 2009-06-30 | 28.36% |
| 2009-03-31 | 29.00% |
| 2008-12-31 | 19.94% |
| 2008-09-30 | 54.64% |
| 2008-06-30 | 30.28% |
| 2008-03-31 | 22.29% |
| 2007-12-31 | 24.41% |
| 2007-09-30 | 25.29% |
| 2007-06-30 | 20.98% |
| 2007-03-31 | 21.65% |
| 2006-12-31 | 30.98% |
| 2006-09-30 | 26.26% |
| 2006-06-30 | 29.51% |
| 2006-03-31 | 29.68% |
| 2005-12-31 | 35.16% |
| 2005-09-30 | 20.67% |
| 2005-06-30 | 19.87% |
| 2005-03-31 | 28.92% |
| 2004-12-31 | 32.98% |
| 2004-09-30 | 31.35% |
| 2004-06-30 | -4.70% |
| 2004-03-31 | 29.85% |
| 2003-12-31 | 23.54% |
| 2003-09-30 | 29.20% |
| 2003-06-30 | 26.00% |
| 2003-03-31 | 31.93% |
| 2002-12-31 | 16.23% |
| 2002-09-30 | 31.29% |
