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 25.37% is in line with its 5-year average of 23.26%, around the middle of its 5-year range (10.27%–37.16%).
As of the fiscal period ended Tuesday, June 30, 2026. 2.48% above its 12-month average of 24.76%.
Reported quarterly operating margin; no daily interpolation.
OPERATING MARGIN
25.37%
OPERATING MARGIN AVG TTM
24.76%
OPERATING MARGIN AVG 3Y
21.59%
OPERATING MARGIN AVG 5Y
21.77%
OPERATING MARGIN AVG 10Y
23.55%
OPERATING MARGIN AVG 15Y
23.69%
OPERATING MARGIN AVG 20Y
22.44%
CURRENT VS TTM AVG
+2.48%
CURRENT VS 3Y AVG
+17.52%
CURRENT VS 5Y AVG
+16.55%
CURRENT VS 10Y AVG
+7.75%
CURRENT VS 15Y AVG
+7.08%
CURRENT VS 20Y AVG
+13.05%
SECTOR MEDIAN · UTILITIES
21.54%
median of 44 covered companies
CURRENT VS SECTOR MEDIAN
+17.79%
vs the sector median at left
Market Cap
$17.92B
Operating Margin
22.10%
TTM Avg
22.88%
3Y Avg
22.81%
5Y Avg
22.43%
Market Cap
$22.27B
Operating Margin
18.95%
TTM Avg
20.00%
3Y Avg
17.70%
5Y Avg
17.60%
Market Cap
$15.78B
Operating Margin
7.55%
TTM Avg
4.29%
3Y Avg
4.08%
5Y Avg
-1.76%
Market Cap
$12.24B
Operating Margin
27.03%
TTM Avg
20.34%
3Y Avg
18.79%
5Y Avg
19.72%
Market Cap
$26.40B
Operating Margin
36.72%
TTM Avg
26.68%
3Y Avg
19.52%
5Y Avg
16.16%
Market Cap
$26.69B
Operating Margin
24.10%
TTM Avg
22.05%
3Y Avg
20.28%
5Y Avg
22.45%
| NAME | MARKET CAP | OPERATING MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Evergy, Inc. (EVRG) | $19.22B | 25.37% | 24.76% | 21.59% | 21.77% |
| NiSource Inc (NI)vs › | $20.43B | 27.03% | 27.16% | 24.87% | 21.96% |
| Alliant Energy Corporation (LNT)vs › | $17.92B | 22.10% | 22.88% | 22.81% | 22.43% |
| CMS Energy Corporation (CMS)vs › | $22.27B | 18.95% | 20.00% | 17.70% | 17.60% |
| Talen Energy Corporation (TLN)vs › | $15.78B | 7.55% | 4.29% | 4.08% | -1.76% |
| NRG Energy, Inc. (NRG)vs › | $24.92B | 5.38% | 7.32% | 5.59% | 7.82% |
| Pinnacle West Capital Corporation (PNW)vs › | $12.24B | 27.03% | 20.34% | 18.79% | 19.72% |
| Edison International (EIX)vs › | $26.40B | 36.72% | 26.68% | 19.52% | 16.16% |
| PPL Corporation (PPL)vs › | $26.69B | 24.10% | 22.05% | 20.28% | 22.45% |
| CenterPoint Energy, Inc. (CNP)vs › | $26.80B | 23.24% | 22.79% | 20.65% | 18.82% |
Gross Margin
40.1%
Operating Margin
25.4%
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 | 25.37% |
| 2026-03-31 | 22.05% |
| 2025-12-31 | 17.09% |
| 2025-09-30 | 35.89% |
| 2025-06-30 | 23.39% |
| 2025-03-31 | 20.89% |
| 2024-12-31 | 14.66% |
| 2024-09-30 | 35.03% |
| 2024-06-30 | 24.94% |
| 2024-03-31 | 19.91% |
| 2023-12-31 | 15.20% |
| 2023-09-30 | 29.11% |
| 2023-06-30 | 24.86% |
| 2023-03-31 | 21.54% |
| 2022-12-31 | 10.27% |
| 2022-09-30 | 30.61% |
| 2022-06-30 | 23.19% |
| 2022-03-31 | 20.68% |
| 2021-12-31 | 12.69% |
| 2021-09-30 | 37.16% |
| 2021-06-30 | 23.89% |
| 2021-03-31 | 19.71% |
| 2020-12-31 | 13.98% |
| 2020-09-30 | 34.38% |
| 2020-06-30 | 22.93% |
| 2020-03-31 | 17.69% |
| 2019-12-31 | 14.65% |
| 2019-09-30 | 34.15% |
| 2019-06-30 | 22.24% |
| 2019-03-31 | 17.22% |
| 2018-12-31 | 13.65% |
| 2018-09-30 | 34.34% |
| 2018-06-30 | 28.01% |
| 2018-03-31 | 20.65% |
| 2017-12-31 | 21.07% |
| 2017-09-30 | 34.34% |
| 2017-06-30 | 26.37% |
| 2017-03-31 | 22.14% |
| 2016-12-31 | 19.17% |
| 2016-09-30 | 35.63% |
| 2016-06-30 | 24.72% |
| 2016-03-31 | 24.90% |
| 2015-12-31 | 19.85% |
| 2015-09-30 | 34.88% |
| 2015-06-30 | 22.30% |
| 2015-03-31 | 21.25% |
| 2014-12-31 | 17.65% |
| 2014-09-30 | 33.43% |
| 2014-06-30 | 20.03% |
| 2014-03-31 | 23.79% |
| 2013-12-31 | 18.49% |
| 2013-09-30 | 32.26% |
| 2013-06-30 | 23.09% |
| 2013-03-31 | 21.96% |
| 2012-12-31 | 20.58% |
| 2012-09-30 | 35.92% |
| 2012-06-30 | 23.51% |
| 2012-03-31 | 15.00% |
| 2011-12-31 | 14.93% |
| 2011-09-30 | 35.55% |
| 2011-06-30 | 20.50% |
| 2011-03-31 | 18.92% |
| 2010-12-31 | 10.56% |
| 2010-09-30 | 32.84% |
| 2010-06-30 | 24.43% |
| 2010-03-31 | 20.01% |
| 2009-12-31 | 14.04% |
| 2009-09-30 | 28.44% |
| 2009-06-30 | 19.25% |
| 2009-03-31 | 12.51% |
| 2008-12-31 | 12.69% |
| 2008-09-30 | 25.10% |
| 2008-06-30 | 7.77% |
| 2008-03-31 | 13.23% |
| 2007-12-31 | 11.74% |
| 2007-09-30 | 27.45% |
| 2007-06-30 | 17.04% |
| 2007-03-31 | 18.89% |
| 2006-12-31 | 13.55% |
| 2006-09-30 | 27.05% |
| 2006-06-30 | 16.97% |
| 2006-03-31 | 15.20% |
| 2005-12-31 | 7.65% |
| 2005-09-30 | 32.07% |
| 2005-06-30 | 16.65% |
| 2005-03-31 | 16.32% |
| 2004-12-31 | 12.02% |
| 2004-09-30 | 28.09% |
| 2004-06-30 | 20.50% |
| 2004-03-31 | 16.65% |
| 2003-12-31 | 48.53% |
| 2003-09-30 | 34.90% |
| 2003-06-30 | 23.02% |
| 2003-03-31 | 22.22% |
| 2002-12-31 | -28.44% |
| 2002-09-30 | 34.72% |
