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 33.65% is 31% above its 5-year average of 25.64%, near the high end of its 5-year range (-15.75%–42.64%).
1.29% below its 12-month average of 34.09%.
Reported quarterly operating margin; no daily interpolation. Q2 FY2026 (2026-06-30): 42.64%.
OPERATING MARGIN
33.65%
OPERATING MARGIN AVG TTM
34.09%
OPERATING MARGIN AVG 3Y
32.39%
OPERATING MARGIN AVG 5Y
25.64%
OPERATING MARGIN AVG 10Y
13.15%
OPERATING MARGIN AVG 15Y
13.00%
OPERATING MARGIN AVG 20Y
17.24%
CURRENT VS TTM AVG
-1.29%
CURRENT VS 3Y AVG
+3.87%
CURRENT VS 5Y AVG
+31.24%
CURRENT VS 10Y AVG
+155.97%
CURRENT VS 15Y AVG
+158.76%
CURRENT VS 20Y AVG
+95.14%
SECTOR MEDIAN · ENERGY
18.52%
median of 50 covered companies
CURRENT VS SECTOR MEDIAN
+81.74%
vs the sector median at left
First Solar, Inc.
Market Cap
$19.06B
Operating Margin
33.65%
TTM Avg
34.09%
3Y Avg
32.39%
5Y Avg
25.64%
Market Cap
$20.20B
Operating Margin
17.49%
TTM Avg
-0.77%
3Y Avg
17.98%
5Y Avg
-10.55%
Market Cap
$15.19B
Operating Margin
30.83%
TTM Avg
31.84%
3Y Avg
37.53%
5Y Avg
31.29%
Market Cap
$23.65B
Operating Margin
74.92%
TTM Avg
75.28%
3Y Avg
77.94%
5Y Avg
77.33%
Market Cap
$12.35B
Operating Margin
19.42%
TTM Avg
20.59%
3Y Avg
18.38%
5Y Avg
15.22%
Market Cap
$25.93B
Operating Margin
34.04%
TTM Avg
33.50%
3Y Avg
35.21%
5Y Avg
27.57%
Market Cap
$27.38B
Operating Margin
11.44%
TTM Avg
13.43%
3Y Avg
14.48%
5Y Avg
8.81%
Market Cap
$9.94B
Operating Margin
56.05%
TTM Avg
53.61%
3Y Avg
54.17%
5Y Avg
43.65%
| NAME | MARKET CAP | OPERATING MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| First Solar, Inc. (FSLR) | $19.06B | 33.65% | 34.09% | 32.39% | 25.64% |
| Expand Energy Corporation (EXE)vs › | $20.20B | 17.49% | -0.77% | 17.98% | -10.55% |
| APA Corporation (APA)vs › | $15.19B | 30.83% | 31.84% | 37.53% | 31.29% |
| Texas Pacific Land Corporation (TPL)vs › | $23.65B | 74.92% | 75.28% | 77.94% | 77.33% |
| Nextpower Inc. (NXT)vs › | $12.35B | 19.42% | 20.59% | 18.38% | 15.22% |
| Pembina Pipeline Corporation (PBA)vs › | $25.93B | 34.04% | 33.50% | 35.21% | 27.57% |
| Halliburton Company (HAL)vs › | $27.38B | 11.44% | 13.43% | 14.48% | 8.81% |
| Antero Midstream Corporation (AM)vs › | $9.94B | 56.05% | 53.61% | 54.17% | 43.65% |
| Tenaris S.A. (TS)vs › | $29.85B | 18.55% | 19.23% | 23.17% | 15.11% |
| Venture Global, Inc. (VG)vs › | $31.06B | 37.70% | 36.01% | 47.14% | 37.71% |
Gross Margin
44.0%
Operating Margin
33.6%
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 | 42.64% |
| 2026-03-31 | 33.07% |
| 2025-12-31 | 32.56% |
| 2025-09-30 | 29.22% |
| 2025-06-30 | 32.96% |
| 2025-03-31 | 26.20% |
| 2024-12-31 | 30.17% |
| 2024-09-30 | 36.27% |
| 2024-06-30 | 36.86% |
| 2024-03-31 | 30.62% |
| 2023-12-31 | 34.33% |
| 2023-09-30 | 34.07% |
| 2023-06-30 | 20.79% |
| 2023-03-31 | 3.28% |
| 2022-12-31 | -4.58% |
| 2022-09-30 | -10.87% |
| 2022-06-30 | 23.32% |
| 2022-03-31 | -15.75% |
| 2021-12-31 | 19.08% |
| 2021-09-30 | 8.72% |
| 2021-06-30 | 17.54% |
| 2021-03-31 | 31.41% |
| 2020-12-31 | 9.48% |
| 2020-09-30 | 22.33% |
| 2020-06-30 | 7.92% |
| 2020-03-31 | 0.31% |
| 2019-12-31 | -8.42% |
| 2019-09-30 | 7.55% |
| 2019-06-30 | -1.47% |
| 2019-03-31 | -14.41% |
| 2018-12-31 | 1.59% |
| 2018-09-30 | 8.65% |
| 2018-06-30 | -33.50% |
| 2018-03-31 | 13.09% |
| 2017-12-31 | -10.34% |
| 2017-09-30 | 19.04% |
| 2017-06-30 | 2.23% |
| 2017-03-31 | -0.90% |
| 2016-12-31 | -248.24% |
| 2016-09-30 | 10.76% |
| 2016-06-30 | -0.02% |
| 2016-03-31 | 20.54% |
| 2015-12-31 | 23.40% |
| 2015-09-30 | 31.29% |
| 2015-06-30 | 6.37% |
| 2015-03-31 | -14.94% |
| 2014-12-31 | 19.57% |
| 2014-09-30 | 9.42% |
| 2014-06-30 | 0.35% |
| 2014-03-31 | 14.66% |
| 2013-12-31 | 8.09% |
| 2013-09-30 | 16.43% |
| 2013-06-30 | 7.52% |
| 2013-03-31 | 8.10% |
| 2012-12-31 | 16.00% |
| 2012-09-30 | 12.76% |
| 2012-06-30 | 14.59% |
| 2012-03-31 | -91.80% |
| 2011-12-31 | -73.49% |
| 2011-09-30 | 22.15% |
| 2011-06-30 | 12.11% |
| 2011-03-31 | 22.81% |
| 2010-12-31 | 27.16% |
| 2010-09-25 | 26.52% |
| 2010-06-26 | 30.70% |
| 2010-03-27 | 33.65% |
| 2009-12-31 | 22.57% |
| 2009-09-30 | 33.85% |
| 2009-07-31 | 38.80% |
| 2009-03-31 | 40.18% |
| 2008-12-31 | 37.20% |
| 2008-09-27 | 37.33% |
| 2008-06-28 | 33.23% |
| 2008-03-29 | 29.52% |
| 2007-12-31 | 38.98% |
| 2007-09-29 | 30.38% |
| 2007-06-30 | 7.51% |
| 2007-03-31 | 7.20% |
| 2006-12-31 | 12.70% |
| 2006-09-30 | 12.50% |
| 2006-06-30 | 100.00% |
| 2006-03-31 | 100.00% |
| 2005-12-31 | -289.17% |
| 2005-09-30 | 100.00% |
| 2005-06-30 | 100.00% |
| 2005-03-31 | 100.00% |
| 2004-12-31 | -796.54% |
| 2004-09-30 | 100.00% |
| 2004-06-30 | 100.00% |
| 2004-03-31 | 100.00% |
