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 10.41% is in line with its 5-year average of 10.30%, around the middle of its 5-year range (8.14%–12.62%).
As of the fiscal period ended Tuesday, June 30, 2026. 5.58% below its 12-month average of 11.02%.
Reported quarterly operating margin; no daily interpolation.
OPERATING MARGIN
10.41%
OPERATING MARGIN AVG TTM
11.02%
OPERATING MARGIN AVG 3Y
10.83%
OPERATING MARGIN AVG 5Y
10.30%
OPERATING MARGIN AVG 10Y
10.36%
OPERATING MARGIN AVG 15Y
9.15%
OPERATING MARGIN AVG 20Y
10.14%
CURRENT VS TTM AVG
-5.58%
CURRENT VS 3Y AVG
-3.87%
CURRENT VS 5Y AVG
+1.10%
CURRENT VS 10Y AVG
+0.47%
CURRENT VS 15Y AVG
+13.72%
CURRENT VS 20Y AVG
+2.64%
SECTOR MEDIAN · ENERGY
16.66%
median of 42 covered companies
CURRENT VS SECTOR MEDIAN
-37.52%
vs the sector median at left
Energy Transfer LP
Market Cap
$69.27B
Operating Margin
10.41%
TTM Avg
11.02%
3Y Avg
10.83%
5Y Avg
10.30%
Market Cap
$68.70B
Operating Margin
29.04%
TTM Avg
28.73%
3Y Avg
26.70%
5Y Avg
27.54%
Market Cap
$70.96B
Operating Margin
27.38%
TTM Avg
32.16%
3Y Avg
34.03%
5Y Avg
30.70%
Market Cap
$71.77B
Operating Margin
39.26%
TTM Avg
34.86%
3Y Avg
36.23%
5Y Avg
28.41%
Market Cap
$61.10B
Operating Margin
12.92%
TTM Avg
12.49%
3Y Avg
11.06%
5Y Avg
8.98%
Market Cap
$81.67B
Operating Margin
12.97%
TTM Avg
13.09%
3Y Avg
13.00%
5Y Avg
14.24%
| NAME | MARKET CAP | OPERATING MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Energy Transfer LP (ET) | $69.27B | 10.41% | 11.02% | 10.83% | 10.30% |
| Kinder Morgan, Inc. (KMI)vs › | $68.70B | 29.04% | 28.73% | 26.70% | 27.54% |
| Suncor Energy Inc. (SU)vs › | $70.96B | 27.38% | 32.16% | 34.03% | 30.70% |
| EOG Resources, Inc. (EOG)vs › | $71.77B | 39.26% | 34.86% | 36.23% | 28.41% |
| Slb N.V. (SLB)vs › | $74.99B | 13.40% | 16.36% | 16.02% | 13.86% |
| Baker Hughes Company (BKR)vs › | $61.10B | 12.92% | 12.49% | 11.06% | 8.98% |
| Eni S.p.A. (E)vs › | $77.67B | 4.94% | 8.46% | 10.75% | 10.27% |
| Enterprise Products Partners L.P. (EPD)vs › | $81.67B | 12.97% | 13.09% | 13.00% | 14.24% |
| Phillips 66 (PSX)vs › | $81.75B | 6.67% | 2.14% | 3.95% | 2.34% |
| Occidental Petroleum Corporation (OXY)vs › | $55.61B | 20.12% | 19.63% | 24.70% | 17.59% |
Gross Margin
24.1%
Operating Margin
10.4%
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 | 10.41% |
| 2026-03-31 | 10.74% |
| 2025-12-31 | 10.58% |
| 2025-09-30 | 10.78% |
| 2025-06-30 | 12.62% |
| 2025-03-31 | 11.85% |
| 2024-12-31 | 11.66% |
| 2024-09-30 | 10.50% |
| 2024-06-30 | 11.09% |
| 2024-03-31 | 11.00% |
| 2023-12-31 | 10.54% |
| 2023-09-30 | 10.77% |
| 2023-06-30 | 10.02% |
| 2023-03-31 | 10.86% |
| 2022-12-31 | 8.81% |
| 2022-09-30 | 8.60% |
| 2022-06-30 | 8.14% |
| 2022-03-31 | 9.01% |
| 2021-12-31 | 9.05% |
| 2021-09-30 | 8.62% |
| 2021-06-30 | 10.58% |
| 2021-03-31 | 23.94% |
| 2020-12-31 | 13.34% |
| 2020-09-30 | 2.45% |
| 2020-06-30 | 18.21% |
| 2020-03-31 | 0.52% |
| 2019-12-31 | 12.40% |
| 2019-09-30 | 13.75% |
| 2019-06-30 | 13.11% |
| 2019-03-31 | 14.21% |
| 2018-12-31 | 10.45% |
| 2018-09-30 | 11.73% |
| 2018-06-30 | 7.98% |
| 2018-03-31 | 9.26% |
| 2017-12-31 | 2.49% |
| 2017-09-30 | 9.83% |
| 2017-06-30 | 8.32% |
| 2017-03-31 | 6.73% |
| 2016-12-31 | -6.72% |
| 2016-09-30 | 6.68% |
| 2016-06-30 | 8.62% |
| 2016-03-31 | 8.79% |
| 2015-12-31 | 2.47% |
| 2015-09-30 | 6.12% |
| 2015-06-30 | 7.73% |
| 2015-03-31 | 5.94% |
| 2014-12-31 | 1.22% |
| 2014-09-30 | 5.48% |
| 2014-06-30 | 5.47% |
| 2014-03-31 | 5.43% |
| 2013-12-31 | -1.21% |
| 2013-09-30 | 4.24% |
| 2013-06-30 | 5.34% |
| 2013-03-31 | 4.75% |
| 2012-12-31 | 3.82% |
| 2012-09-30 | 16.54% |
| 2012-06-30 | 19.16% |
| 2012-03-31 | 10.81% |
| 2011-12-31 | 15.61% |
| 2011-09-30 | 12.87% |
| 2011-06-30 | 13.19% |
| 2011-03-31 | 18.31% |
| 2010-12-31 | 17.82% |
| 2010-09-30 | 12.73% |
| 2010-06-30 | 13.11% |
| 2010-03-31 | 18.11% |
| 2009-12-31 | 24.29% |
| 2009-09-30 | 15.36% |
| 2009-06-30 | 18.67% |
| 2009-03-31 | 21.85% |
| 2008-12-31 | 14.08% |
| 2008-09-30 | 11.62% |
| 2008-06-30 | 8.36% |
| 2008-03-31 | 13.94% |
| 2007-11-30 | 13.35% |
| 2007-08-31 | 10.28% |
| 2007-05-31 | 10.92% |
| 2007-02-28 | 10.92% |
| 2006-11-30 | 7.42% |
| 2006-08-31 | 4.36% |
| 2006-05-31 | 8.12% |
| 2006-02-28 | 9.11% |
| 2005-11-30 | 6.95% |
| 2005-08-31 | 3.44% |
| 2005-05-31 | 3.71% |
| 2005-02-28 | 8.14% |
