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 26.25% is in line with its 5-year average of 25.47%, around the middle of its 5-year range (15.09%–39.09%).
4.67% above its 12-month average of 25.08%.
Reported quarterly operating margin; no daily interpolation. Q2 FY2026 (2026-06-30): 29.09%.
OPERATING MARGIN
26.25%
OPERATING MARGIN AVG TTM
25.08%
OPERATING MARGIN AVG 3Y
20.80%
OPERATING MARGIN AVG 5Y
25.47%
OPERATING MARGIN AVG 10Y
28.53%
OPERATING MARGIN AVG 15Y
29.36%
OPERATING MARGIN AVG 20Y
26.81%
CURRENT VS TTM AVG
+4.67%
CURRENT VS 3Y AVG
+26.23%
CURRENT VS 5Y AVG
+3.05%
CURRENT VS 10Y AVG
-8.00%
CURRENT VS 15Y AVG
-10.58%
CURRENT VS 20Y AVG
-2.08%
SECTOR MEDIAN · FINANCIAL SERVICES
16.09%
median of 716 covered companies
CURRENT VS SECTOR MEDIAN
+63.14%
vs the sector median at left
Farmers & Merchants Bancorp, Inc.
Market Cap
$487.12M
Operating Margin
26.25%
TTM Avg
25.08%
3Y Avg
20.80%
5Y Avg
25.47%
Market Cap
$486.22M
Operating Margin
8.00%
TTM Avg
8.98%
3Y Avg
9.21%
5Y Avg
6.91%
Market Cap
$487.30M
Operating Margin
0.00%
TTM Avg
0.00%
3Y Avg
0.00%
5Y Avg
0.00%
Market Cap
$493.31M
Operating Margin
22.60%
TTM Avg
14.86%
3Y Avg
-2.06%
5Y Avg
7.28%
Market Cap
$493.98M
Operating Margin
35.75%
TTM Avg
26.63%
3Y Avg
54.98%
5Y Avg
47.51%
Market Cap
$494.49M
Operating Margin
19.22%
TTM Avg
20.75%
3Y Avg
23.75%
5Y Avg
25.11%
Market Cap
$473.69M
Operating Margin
0.00%
TTM Avg
0.00%
3Y Avg
0.00%
5Y Avg
0.00%
Market Cap
$471.94M
Operating Margin
0.00%
TTM Avg
0.00%
3Y Avg
0.00%
5Y Avg
0.00%
Market Cap
$471.85M
Operating Margin
0.00%
TTM Avg
0.00%
3Y Avg
0.00%
5Y Avg
0.00%
| NAME | MARKET CAP | OPERATING MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Farmers & Merchants Bancorp, Inc. (FMAO) | $487.12M | 26.25% | 25.08% | 20.80% | 25.47% |
| Greenlight Capital Re, Ltd. (GLRE)vs › | $486.22M | 8.00% | 8.98% | 9.21% | 6.91% |
| Churchill Capital Corp XI (CCXI)vs › | $487.30M | 0.00% | 0.00% | 0.00% | 0.00% |
| Ponce Financial Group, Inc. (PDLB)vs › | $493.31M | 22.60% | 14.86% | -2.06% | 7.28% |
| Private Bancorp of America, Inc. (PBAM)vs › | $493.98M | 35.75% | 26.63% | 54.98% | 47.51% |
| ChoiceOne Financial Services, Inc. (COFS)vs › | $494.49M | 19.22% | 20.75% | 23.75% | 25.11% |
| Crane Harbor Acquisition Corp. II Class A Ordinary Shares (CRAN)vs › | $473.69M | 0.00% | 0.00% | 0.00% | 0.00% |
| Gores Holdings X, Inc. (GTEN)vs › | $471.94M | 0.00% | 0.00% | 0.00% | 0.00% |
| Cantor Equity Partners IV, Inc. Class A Ordinary Shares (CEPF)vs › | $471.85M | 0.00% | 0.00% | 0.00% | 0.00% |
| Orange County Bancorp, Inc. (OBT)vs › | $505.68M | 34.01% | 28.46% | 29.20% | 29.07% |
Operating Margin
26.3%
Gross margin is not shown for a lender or insurer: its revenue is interest, premiums and fees rather than the sale of goods, so there is no cost of goods sold to measure it against.
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 | 29.09% |
| 2026-03-31 | 25.82% |
| 2025-12-31 | 26.40% |
| 2025-09-30 | 23.50% |
| 2025-06-30 | 20.59% |
| 2025-03-31 | 19.71% |
| 2024-12-31 | 23.25% |
| 2024-09-30 | 17.96% |
| 2024-06-30 | 16.04% |
| 2024-03-31 | 16.18% |
| 2023-12-31 | 16.59% |
| 2023-09-30 | 15.09% |
| 2023-06-30 | 20.13% |
| 2023-03-31 | 22.77% |
| 2022-12-31 | 26.90% |
| 2022-09-30 | 38.65% |
| 2022-06-30 | 38.29% |
| 2022-03-31 | 39.09% |
| 2021-12-31 | 36.61% |
| 2021-09-30 | 32.08% |
| 2021-06-30 | 30.20% |
| 2021-03-31 | 27.98% |
| 2020-12-31 | 37.59% |
| 2020-09-30 | 26.41% |
| 2020-06-30 | 29.49% |
| 2020-03-31 | 25.17% |
| 2019-12-31 | 29.60% |
| 2019-09-30 | 26.39% |
| 2019-06-30 | 36.84% |
| 2019-03-31 | 21.72% |
| 2018-12-31 | 28.03% |
| 2018-09-30 | 31.88% |
| 2018-06-30 | 36.01% |
| 2018-03-31 | 34.31% |
| 2017-12-31 | 36.87% |
| 2017-09-30 | 33.96% |
| 2017-06-30 | 35.91% |
| 2017-03-31 | 33.18% |
| 2016-12-31 | 35.71% |
| 2016-09-30 | 33.38% |
| 2016-06-30 | 34.46% |
| 2016-03-31 | 29.37% |
| 2015-12-31 | 33.42% |
| 2015-09-30 | 31.86% |
| 2015-06-30 | 32.35% |
| 2015-03-31 | 29.85% |
| 2014-12-31 | 34.01% |
| 2014-09-30 | 31.21% |
| 2014-06-30 | 31.60% |
| 2014-03-31 | 27.31% |
| 2013-12-31 | 29.85% |
| 2013-09-30 | 27.51% |
| 2013-06-30 | 33.19% |
| 2013-03-31 | 29.07% |
| 2012-12-31 | 30.74% |
| 2012-09-30 | 31.13% |
| 2012-06-30 | 32.22% |
| 2012-03-31 | 29.70% |
| 2011-12-31 | 34.47% |
| 2011-09-30 | 26.87% |
| 2011-06-30 | 20.84% |
| 2011-03-31 | 21.90% |
| 2010-12-31 | 24.29% |
| 2010-09-30 | 24.32% |
| 2010-06-30 | 14.74% |
| 2010-03-31 | 13.08% |
| 2009-12-31 | 24.05% |
| 2009-09-30 | 14.37% |
| 2009-06-30 | 16.03% |
| 2009-03-31 | 19.34% |
| 2008-12-31 | 14.13% |
| 2008-09-30 | 19.91% |
| 2008-06-30 | 22.15% |
| 2008-03-31 | 16.75% |
| 2007-12-31 | 19.48% |
| 2007-09-30 | 18.02% |
| 2007-06-30 | 21.42% |
| 2007-03-31 | 22.65% |
| 2006-12-31 | 22.47% |
| 2006-09-30 | 23.52% |
| 2006-06-30 | 22.35% |
| 2006-03-31 | 24.06% |
| 2005-12-31 | 24.71% |
| 2005-09-30 | 27.58% |
| 2005-06-30 | 27.67% |
| 2005-03-31 | 25.98% |
| 2004-12-31 | 27.17% |
| 2004-09-30 | 28.90% |
| 2004-06-30 | 27.57% |
| 2004-03-31 | 26.74% |
| 2003-12-31 | 22.16% |
| 2003-09-30 | 31.36% |
| 2003-06-30 | 31.61% |
| 2003-03-31 | -4.05% |
| 2002-12-31 | 38.27% |
| 2002-09-30 | 84.12% |
