Basis: Latest reported fiscal quarter. Source: stored company filings and market data; unavailable inputs remain N/A.
Is the EBITDA margin high or low?
The EBITDA margin of 38.60% is 39% above its 5-year average of 27.71%, near the high end of its 5-year range (18.49%–38.60%).
As of the fiscal period ended Tuesday, March 31, 2026. 13.83% above its 12-month average of 33.91%.
Reported quarterly EBITDA margin; no daily interpolation.
EBITDA MARGIN
38.60%
EBITDA MARGIN AVG TTM
33.91%
EBITDA MARGIN AVG 3Y
30.74%
EBITDA MARGIN AVG 5Y
27.71%
EBITDA MARGIN AVG 10Y
21.50%
EBITDA MARGIN AVG 15Y
19.16%
EBITDA MARGIN AVG 20Y
N/A
CURRENT VS TTM AVG
+13.83%
CURRENT VS 3Y AVG
+25.59%
CURRENT VS 5Y AVG
+39.30%
CURRENT VS 10Y AVG
+79.56%
CURRENT VS 15Y AVG
+101.51%
CURRENT VS 20Y AVG
N/A
Market Cap
$102.12B
EBITDA Margin
19.30%
TTM Avg
17.98%
3Y Avg
15.08%
5Y Avg
13.85%
Market Cap
$99.97B
EBITDA Margin
28.69%
TTM Avg
28.68%
3Y Avg
27.90%
5Y Avg
27.00%
Market Cap
$92.91B
EBITDA Margin
-25.93%
TTM Avg
-30.52%
3Y Avg
-33.37%
5Y Avg
-46.76%
Market Cap
$131.68B
EBITDA Margin
79.31%
TTM Avg
76.25%
3Y Avg
59.68%
5Y Avg
45.47%
Market Cap
$89.98B
EBITDA Margin
35.56%
TTM Avg
34.44%
3Y Avg
34.25%
5Y Avg
32.85%
| NAME | MARKET CAP | EBITDA MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Fortinet, Inc. (FTNT) | $111.63B | 38.60% | 33.91% | 30.74% | 27.71% |
| ServiceNow, Inc. (NOW)vs › | $102.12B | 19.30% | 17.98% | 15.08% | 13.85% |
| Automatic Data Processing, Inc. (ADP)vs › | $99.97B | 28.69% | 28.68% | 27.90% | 27.00% |
| Corning Inc (GLW)vs › | $126.24B | 23.53% | 21.23% | 20.20% | 20.71% |
| Cloudflare, Inc. (NET)vs › | $93.11B | -0.81% | -1.22% | -4.10% | -6.50% |
| Snowflake Inc. (SNOW)vs › | $92.91B | -25.93% | -30.52% | -33.37% | -46.76% |
| AppLovin Corporation (APP)vs › | $131.68B | 79.31% | 76.25% | 59.68% | 45.47% |
| Cadence Design Systems, Inc. (CDNS)vs › | $89.98B | 35.56% | 34.44% | 34.25% | 32.85% |
| Accenture plc (ACN)vs › | $89.95B | 18.18% | 17.31% | 16.73% | 17.40% |
| Adobe Inc. (ADBE)vs › | $89.48B | 40.07% | 37.70% | 38.53% | 39.27% |
Gross Margin
80.7%
EBITDA Margin
38.6%
Operating Margin
31.1%
Net Margin
27.5%
Formula: EBITDA Margin = (EBITDA / Revenue) × 100
Why EBITDA Margin matters:
EBITDA Margin = EBITDA / Revenue
EBITDA margin measures operating profitability before interest, taxes, depreciation, and amortization as a percentage of revenue.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
| DATE | EBITDA MARGIN |
|---|---|
| 2026-03-31 | 38.60% |
| 2025-12-31 | 34.91% |
| 2025-09-30 | 33.87% |
| 2025-06-30 | 30.37% |
| 2025-03-31 | 31.80% |
| 2024-12-31 | 36.70% |
| 2024-09-30 | 33.20% |
| 2024-06-30 | 32.52% |
| 2024-03-31 | 25.85% |
| 2023-12-31 | 29.37% |
| 2023-09-30 | 24.84% |
| 2023-06-30 | 23.70% |
| 2023-03-31 | 23.85% |
| 2022-12-31 | 30.02% |
| 2022-09-30 | 25.39% |
| 2022-06-30 | 21.40% |
| 2022-03-31 | 18.49% |
| 2021-12-31 | 24.93% |
| 2021-09-30 | 21.83% |
| 2021-06-30 | 20.77% |
| 2021-03-31 | 19.56% |
| 2020-12-31 | 24.88% |
| 2020-09-30 | 22.05% |
| 2020-06-30 | 22.12% |
| 2020-03-31 | 23.25% |
| 2019-12-31 | 21.83% |
| 2019-09-30 | 21.09% |
| 2019-06-30 | 17.33% |
| 2019-03-31 | 14.03% |
| 2018-12-31 | 19.68% |
| 2018-09-30 | 16.96% |
| 2018-06-30 | 14.57% |
| 2018-03-31 | 11.43% |
| 2017-12-31 | 13.55% |
| 2017-09-30 | 12.67% |
| 2017-06-30 | 11.69% |
| 2017-03-31 | 5.55% |
| 2016-12-31 | 16.21% |
| 2016-09-30 | 5.86% |
| 2016-06-30 | 2.33% |
| 2016-03-31 | 2.41% |
| 2015-12-31 | 7.50% |
| 2015-09-30 | 2.69% |
| 2015-06-30 | 4.16% |
| 2015-03-31 | 3.41% |
| 2014-12-31 | 11.35% |
| 2014-09-30 | 10.89% |
| 2014-06-30 | 9.58% |
| 2014-03-31 | 10.20% |
| 2013-12-31 | 16.21% |
| 2013-09-30 | 14.52% |
| 2013-06-30 | 11.91% |
| 2013-03-31 | 13.94% |
| 2012-12-31 | 25.49% |
| 2012-09-30 | 21.11% |
| 2012-06-30 | 18.57% |
| 2012-03-31 | 17.74% |
| 2011-12-31 | 23.49% |
| 2011-09-30 | 24.00% |
| 2011-06-30 | 19.84% |
| 2011-03-31 | 20.50% |
| 2010-12-31 | 23.68% |
| 2010-09-30 | 23.01% |
| 2010-06-30 | 14.73% |
| 2010-03-31 | 11.58% |
| 2009-12-31 | 12.82% |
| 2009-09-30 | 16.93% |
| 2009-06-30 | 10.55% |
| 2009-03-31 | 8.45% |
| 2008-12-31 | 12.19% |
| 2008-09-30 | 8.15% |
