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 8.35% is 23% above its 5-year average of 6.81%, near the high end of its 5-year range (5.27%–8.99%).
As of the fiscal period ended Sunday, May 31, 2026. 16.89% above its 12-month average of 7.15%.
Reported quarterly operating margin; no daily interpolation.
OPERATING MARGIN
8.35%
OPERATING MARGIN AVG TTM
7.15%
OPERATING MARGIN AVG 3Y
7.02%
OPERATING MARGIN AVG 5Y
6.81%
OPERATING MARGIN AVG 10Y
6.83%
OPERATING MARGIN AVG 15Y
7.03%
OPERATING MARGIN AVG 20Y
7.04%
CURRENT VS TTM AVG
+16.89%
CURRENT VS 3Y AVG
+18.98%
CURRENT VS 5Y AVG
+22.60%
CURRENT VS 10Y AVG
+22.38%
CURRENT VS 15Y AVG
+18.78%
CURRENT VS 20Y AVG
+18.68%
SECTOR MEDIAN · INDUSTRIALS
14.09%
median of 131 covered companies
CURRENT VS SECTOR MEDIAN
-40.71%
vs the sector median at left
Market Cap
$75.10B
Operating Margin
31.63%
TTM Avg
31.98%
3Y Avg
31.05%
5Y Avg
33.01%
Market Cap
$76.58B
Operating Margin
37.54%
TTM Avg
37.36%
3Y Avg
38.48%
5Y Avg
37.88%
Market Cap
$78.03B
Operating Margin
14.09%
TTM Avg
18.38%
3Y Avg
18.34%
5Y Avg
18.14%
Market Cap
$72.38B
Operating Margin
24.79%
TTM Avg
25.59%
3Y Avg
26.46%
5Y Avg
25.20%
Market Cap
$80.54B
Operating Margin
37.20%
TTM Avg
36.40%
3Y Avg
36.38%
5Y Avg
38.09%
Market Cap
$81.20B
Operating Margin
10.18%
TTM Avg
10.43%
3Y Avg
9.29%
5Y Avg
10.67%
Market Cap
$81.25B
Operating Margin
23.14%
TTM Avg
22.98%
3Y Avg
21.99%
5Y Avg
21.27%
| NAME | MARKET CAP | OPERATING MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| FedEx Corporation (FDX) | $75.37B | 8.35% | 7.15% | 7.02% | 6.81% |
| Norfolk Southern Corporation (NSC)vs › | $75.10B | 31.63% | 31.98% | 31.05% | 33.01% |
| Canadian National Railway Company (CNI)vs › | $76.58B | 37.54% | 37.36% | 38.48% | 37.88% |
| Honeywell International Inc. (HON)vs › | $78.03B | 14.09% | 18.38% | 18.34% | 18.14% |
| United Rentals, Inc. (URI)vs › | $72.38B | 24.79% | 25.59% | 26.46% | 25.20% |
| Canadian Pacific Kansas City Ltd. (CP)vs › | $80.54B | 37.20% | 36.40% | 36.38% | 38.09% |
| PACCAR Inc (PCAR)vs › | $70.06B | 9.81% | 12.47% | 13.66% | 10.74% |
| Northrop Grumman Corporation (NOC)vs › | $81.20B | 10.18% | 10.43% | 9.29% | 10.67% |
| Cintas Corporation (CTAS)vs › | $81.25B | 23.14% | 22.98% | 21.99% | 21.27% |
| TransDigm Group Incorporated (TDG)vs › | $68.53B | 46.19% | 45.81% | 44.20% | 41.06% |
Gross Margin
22.9%
Operating Margin
8.4%
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 |
|---|---|
| 2026-05-31 | 8.35% |
| 2026-02-28 | 6.73% |
| 2025-11-30 | 5.87% |
| 2025-08-31 | 5.84% |
| 2025-05-31 | 8.94% |
| 2025-02-28 | 6.64% |
| 2024-11-30 | 6.27% |
| 2024-08-31 | 5.60% |
| 2024-05-31 | 8.99% |
| 2024-02-29 | 6.24% |
| 2023-11-30 | 6.41% |
| 2023-08-31 | 7.33% |
| 2023-05-31 | 8.06% |
| 2023-02-28 | 5.27% |
| 2022-11-30 | 5.31% |
| 2022-08-31 | 5.35% |
| 2022-05-31 | 7.76% |
| 2022-02-28 | 6.18% |
| 2021-11-30 | 6.71% |
| 2021-08-31 | 6.51% |
| 2021-05-31 | 8.72% |
| 2021-02-28 | 4.81% |
| 2020-11-30 | 7.04% |
| 2020-08-31 | 8.23% |
| 2020-05-31 | 4.86% |
| 2020-02-29 | 2.35% |
| 2019-11-30 | 3.58% |
| 2019-08-31 | 5.73% |
| 2019-05-31 | 9.16% |
| 2019-02-28 | 5.38% |
| 2018-11-30 | 6.55% |
| 2018-08-31 | 6.28% |
| 2018-05-31 | 9.86% |
| 2018-02-28 | 5.19% |
| 2017-11-30 | 7.74% |
| 2017-08-31 | 7.30% |
| 2017-05-31 | 11.23% |
| 2017-02-28 | 7.35% |
| 2016-11-30 | 8.20% |
| 2016-08-31 | 9.08% |
| 2016-05-31 | -0.52% |
| 2016-02-29 | 6.83% |
| 2015-11-30 | 9.13% |
| 2015-08-31 | 9.32% |
| 2015-05-31 | -10.90% |
| 2015-02-28 | 8.21% |
| 2014-11-30 | 8.48% |
| 2014-08-31 | 8.45% |
| 2014-05-31 | 9.99% |
| 2014-02-28 | 5.67% |
| 2013-11-30 | 7.25% |
| 2013-08-31 | 7.21% |
| 2013-05-31 | 4.39% |
| 2013-02-28 | 5.38% |
| 2012-11-30 | 6.46% |
| 2012-08-31 | 6.88% |
| 2012-05-31 | 7.78% |
| 2012-02-29 | 7.70% |
| 2011-11-30 | 7.37% |
| 2011-08-31 | 7.01% |
| 2011-05-31 | 8.42% |
| 2011-02-28 | 4.07% |
| 2010-11-30 | 4.87% |
| 2010-08-31 | 6.64% |
| 2010-05-31 | 7.38% |
| 2010-02-28 | 4.78% |
| 2009-11-30 | 6.64% |
| 2009-08-31 | 3.93% |
| 2009-05-31 | -10.81% |
| 2009-02-28 | 2.24% |
| 2008-11-30 | 8.22% |
| 2008-08-31 | 6.32% |
| 2008-05-31 | -1.65% |
| 2008-02-29 | 6.79% |
| 2007-11-30 | 8.28% |
| 2007-08-31 | 8.85% |
| 2007-05-31 | 11.06% |
| 2007-02-28 | 7.46% |
| 2006-11-30 | 9.40% |
| 2006-08-31 | 9.17% |
| 2006-05-31 | 10.91% |
| 2006-02-28 | 8.91% |
| 2005-11-30 | 9.77% |
| 2005-08-31 | 7.58% |
| 2005-05-31 | 9.59% |
| 2005-02-28 | 7.52% |
| 2004-11-30 | 8.18% |
| 2004-08-31 | 8.30% |
| 2004-05-31 | 9.73% |
| 2004-02-29 | 6.14% |
| 2003-11-30 | 3.09% |
| 2003-08-31 | 3.52% |
| 2003-05-31 | 8.44% |
| 2003-02-28 | 4.85% |
| 2002-11-30 | 7.53% |
| 2002-08-31 | 5.20% |
