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 10.20% is 12% above its 5-year average of 9.09%, near the high end of its 5-year range (5.97%–11.34%).
As of the fiscal period ended Tuesday, June 30, 2026. 9.32% above its 12-month average of 9.33%.
Reported quarterly operating margin; no daily interpolation.
OPERATING MARGIN
10.20%
OPERATING MARGIN AVG TTM
9.33%
OPERATING MARGIN AVG 3Y
8.82%
OPERATING MARGIN AVG 5Y
9.09%
OPERATING MARGIN AVG 10Y
8.14%
OPERATING MARGIN AVG 15Y
7.33%
OPERATING MARGIN AVG 20Y
5.82%
CURRENT VS TTM AVG
+9.32%
CURRENT VS 3Y AVG
+15.74%
CURRENT VS 5Y AVG
+12.30%
CURRENT VS 10Y AVG
+25.35%
CURRENT VS 15Y AVG
+39.19%
CURRENT VS 20Y AVG
+75.28%
SECTOR MEDIAN · INDUSTRIALS
11.95%
median of 146 covered companies
CURRENT VS SECTOR MEDIAN
-14.57%
vs the sector median at left
Market Cap
$44.99B
Operating Margin
38.55%
TTM Avg
39.08%
3Y Avg
39.99%
5Y Avg
39.31%
Market Cap
$45.74B
Operating Margin
27.64%
TTM Avg
27.84%
3Y Avg
29.41%
5Y Avg
28.25%
Market Cap
$46.95B
Operating Margin
24.04%
TTM Avg
22.17%
3Y Avg
22.07%
5Y Avg
21.76%
Market Cap
$48.18B
Operating Margin
21.69%
TTM Avg
16.18%
3Y Avg
17.07%
5Y Avg
15.99%
Market Cap
$48.34B
Operating Margin
24.04%
TTM Avg
22.17%
3Y Avg
22.07%
5Y Avg
21.76%
Market Cap
$48.50B
Operating Margin
7.05%
TTM Avg
9.05%
3Y Avg
10.00%
5Y Avg
11.75%
Market Cap
$41.76B
Operating Margin
17.09%
TTM Avg
15.05%
3Y Avg
15.68%
5Y Avg
14.53%
| NAME | MARKET CAP | OPERATING MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Ferguson plc (FERG) | $45.24B | 10.20% | 9.33% | 8.82% | 9.09% |
| Paychex, Inc. (PAYX)vs › | $44.99B | 38.55% | 39.08% | 39.99% | 39.31% |
| Thomson Reuters Corporation (TRI)vs › | $45.74B | 27.64% | 27.84% | 29.41% | 28.25% |
| HEICO Corporation (HEI)vs › | $46.95B | 24.04% | 22.17% | 22.07% | 21.76% |
| Ferrovial SE (FER)vs › | $42.63B | 10.04% | 23.11% | 14.79% | 13.91% |
| Rockwell Automation, Inc. (ROK)vs › | $48.18B | 21.69% | 16.18% | 17.07% | 15.99% |
| HEICO Corporation (HEI-A)vs › | $48.34B | 24.04% | 22.17% | 22.07% | 21.76% |
| Carrier Global Corporation (CARR)vs › | $48.50B | 7.05% | 9.05% | 10.00% | 11.75% |
| Waste Connections, Inc. (WCN)vs › | $41.76B | 17.09% | 15.05% | 15.68% | 14.53% |
| L3Harris Technologies, Inc. (LHX)vs › | $48.78B | 10.04% | 9.64% | 9.52% | 10.34% |
Gross Margin
30.6%
Operating Margin
10.2%
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 | 10.20% |
| 2026-03-31 | 8.19% |
| 2025-12-31 | 7.95% |
| 2025-10-31 | 9.44% |
| 2025-07-31 | 10.89% |
| 2025-04-30 | 7.95% |
| 2025-01-31 | 5.97% |
| 2024-10-31 | 8.56% |
| 2024-07-31 | 10.21% |
| 2024-04-30 | 8.55% |
| 2024-01-31 | 7.15% |
| 2023-10-31 | 9.59% |
| 2023-07-31 | 9.98% |
| 2023-04-30 | 6.96% |
| 2023-01-31 | 8.04% |
| 2022-10-31 | 10.48% |
| 2022-07-31 | 10.21% |
| 2022-04-30 | 9.77% |
| 2022-01-31 | 8.53% |
| 2021-10-31 | 10.86% |
| 2021-07-31 | 11.34% |
| 2021-04-30 | 8.79% |
| 2021-01-31 | 6.46% |
| 2020-10-31 | 8.38% |
| 2020-07-31 | 5.73% |
| 2020-04-30 | 7.25% |
| 2020-01-31 | 7.27% |
| 2019-10-31 | 7.27% |
| 2019-07-31 | 9.80% |
| 2019-04-30 | 6.21% |
| 2019-01-31 | 6.54% |
| 2018-10-31 | 6.96% |
| 2018-07-31 | 6.88% |
| 2018-04-30 | 6.88% |
| 2018-01-31 | 6.20% |
| 2017-10-31 | 6.20% |
| 2017-07-31 | 9.02% |
| 2017-04-30 | 9.02% |
| 2017-01-31 | 6.24% |
| 2016-10-31 | 6.24% |
| 2016-07-31 | 5.63% |
| 2016-04-30 | 5.63% |
| 2016-01-31 | 5.70% |
| 2015-10-31 | 4.06% |
| 2015-07-31 | 0.00% |
| 2015-04-30 | 0.00% |
| 2015-01-31 | 1.88% |
| 2014-10-31 | 1.88% |
| 2014-07-31 | 6.26% |
| 2014-04-30 | 6.01% |
| 2014-01-31 | 5.36% |
| 2013-10-31 | 5.37% |
| 2013-07-31 | 5.36% |
| 2013-04-30 | 5.36% |
| 2013-01-31 | 4.62% |
| 2012-10-31 | 4.62% |
| 2012-07-31 | 0.00% |
| 2011-07-31 | 0.00% |
| 2011-01-31 | 0.00% |
| 2010-07-31 | 0.00% |
| 2010-01-31 | 0.00% |
| 2009-07-31 | 0.00% |
| 2009-01-31 | 0.00% |
| 2008-07-31 | 0.00% |
| 2008-01-31 | 0.00% |
| 2007-07-31 | 0.00% |
| 2007-01-31 | 0.00% |
| 2006-07-31 | 0.00% |
| 2006-01-31 | 0.00% |
| 2005-07-31 | 0.00% |
| 2005-01-31 | 0.00% |
| 2004-07-31 | 0.00% |
| 2004-01-31 | 0.00% |
| 2003-07-31 | 0.00% |
| 2003-01-31 | 0.00% |
| 2002-07-31 | 0.00% |
| 2002-01-31 | 0.00% |
| 2001-10-31 | 0.00% |
| 2001-07-31 | 0.00% |
| 2001-03-31 | 0.00% |
| 2001-01-31 | 0.00% |
| 2000-07-31 | 0.00% |
| 2000-01-31 | 0.00% |
