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 22.93% is in line with its 5-year average of 24.82%, around the middle of its 5-year range (-6.55%–42.11%).
0.70% above its 12-month average of 22.77%.
Reported quarterly operating margin; no daily interpolation. Q2 FY2026 (2026-06-30): 24.07%.
OPERATING MARGIN
22.93%
OPERATING MARGIN AVG TTM
22.77%
OPERATING MARGIN AVG 3Y
19.93%
OPERATING MARGIN AVG 5Y
24.82%
OPERATING MARGIN AVG 10Y
27.43%
OPERATING MARGIN AVG 15Y
24.78%
OPERATING MARGIN AVG 20Y
22.53%
CURRENT VS TTM AVG
+0.70%
CURRENT VS 3Y AVG
+15.07%
CURRENT VS 5Y AVG
-7.60%
CURRENT VS 10Y AVG
-16.41%
CURRENT VS 15Y AVG
-7.47%
CURRENT VS 20Y AVG
+1.78%
SECTOR MEDIAN · FINANCIAL SERVICES
16.63%
median of 588 covered companies
CURRENT VS SECTOR MEDIAN
+37.88%
vs the sector median at left
First National Corporation
Market Cap
$273.53M
Operating Margin
22.93%
TTM Avg
22.77%
3Y Avg
19.93%
5Y Avg
24.82%
Market Cap
$274.00M
Operating Margin
17.47%
TTM Avg
17.00%
3Y Avg
28.05%
5Y Avg
32.53%
Market Cap
$275.12M
Operating Margin
19.76%
TTM Avg
17.94%
3Y Avg
23.75%
5Y Avg
23.91%
Market Cap
$270.60M
Operating Margin
N/A
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$276.54M
Operating Margin
50.47%
TTM Avg
36.02%
3Y Avg
35.01%
5Y Avg
26.88%
Market Cap
$270.05M
Operating Margin
N/A
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$270.03M
Operating Margin
19.94%
TTM Avg
20.32%
3Y Avg
3.52%
5Y Avg
1.21%
Market Cap
$277.49M
Operating Margin
N/A
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
| NAME | MARKET CAP | OPERATING MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| First National Corporation (FXNC) | $273.53M | 22.93% | 22.77% | 19.93% | 24.82% |
| National Bankshares, Inc. (NKSH)vs › | $274.00M | 17.47% | 17.00% | 28.05% | 32.53% |
| LCNB Corp. (LCNB)vs › | $271.96M | 24.42% | 17.70% | 21.28% | 24.93% |
| Isabella Bank Corporation (ISBA)vs › | $275.12M | 19.76% | 17.94% | 23.75% | 23.91% |
| Freedom Metals Acquisition Corp. (FDMM)vs › | $270.60M | N/A | N/A | N/A | N/A |
| Medallion Financial Corp. (MFIN)vs › | $276.54M | 50.47% | 36.02% | 35.01% | 26.88% |
| Cartesian Growth Corp. Iv (CGCF)vs › | $270.05M | N/A | N/A | N/A | N/A |
| Kingstone Companies, Inc. (KINS)vs › | $270.03M | 19.94% | 20.32% | 3.52% | 1.21% |
| NewHold Investment Corp IV Class A Ordinary Shares (NHIV)vs › | $277.49M | N/A | N/A | N/A | N/A |
| FB Bancorp, Inc. Common Stock (FBLA)vs › | $279.76M | 5.89% | -0.23% | 1.08% | 1.08% |
Operating Margin
22.9%
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 | 24.07% |
| 2026-03-31 | 21.55% |
| 2025-12-31 | 22.99% |
| 2025-09-30 | 23.03% |
| 2025-06-30 | 22.21% |
| 2025-03-31 | 6.97% |
| 2024-12-31 | -6.55% |
| 2024-09-30 | 13.79% |
| 2024-06-30 | 16.11% |
| 2024-03-31 | 20.03% |
| 2023-12-31 | -6.52% |
| 2023-09-30 | 22.34% |
| 2023-06-30 | 26.10% |
| 2023-03-31 | 29.89% |
| 2022-12-31 | 33.81% |
| 2022-09-30 | 35.33% |
| 2022-06-30 | 33.30% |
| 2022-03-31 | 34.36% |
| 2021-12-31 | 20.15% |
| 2021-09-30 | 23.40% |
| 2021-06-30 | 42.11% |
| 2021-03-31 | 30.03% |
| 2020-12-31 | 39.17% |
| 2020-09-30 | 20.81% |
| 2020-06-30 | 28.29% |
| 2020-03-31 | 20.76% |
| 2019-12-31 | 32.28% |
| 2019-09-30 | 29.81% |
| 2019-06-30 | 25.64% |
| 2019-03-31 | 28.45% |
| 2018-12-31 | 27.90% |
| 2018-09-30 | 33.30% |
| 2018-06-30 | 31.80% |
| 2018-03-31 | 32.99% |
| 2017-12-31 | 30.17% |
| 2017-09-30 | 29.72% |
| 2017-06-30 | 29.44% |
| 2017-03-31 | 26.25% |
| 2016-12-31 | 28.83% |
| 2016-09-30 | 27.36% |
| 2016-06-30 | 24.79% |
| 2016-03-31 | 19.23% |
| 2015-12-31 | 16.42% |
| 2015-09-30 | 12.47% |
| 2015-06-30 | 8.51% |
| 2015-03-31 | 11.46% |
| 2014-12-31 | 73.82% |
| 2014-09-30 | 26.27% |
| 2014-06-30 | 33.29% |
| 2014-03-31 | 25.61% |
| 2013-12-31 | 45.73% |
| 2013-09-30 | 19.76% |
| 2013-06-30 | -7.86% |
| 2013-03-31 | 18.59% |
| 2012-12-31 | 15.01% |
| 2012-09-30 | 12.24% |
| 2012-06-30 | 16.34% |
| 2012-03-31 | 7.97% |
| 2011-12-31 | -33.92% |
| 2011-09-30 | -56.40% |
| 2011-06-30 | -18.67% |
| 2011-03-31 | 18.64% |
| 2010-12-31 | -110.46% |
| 2010-09-30 | 11.79% |
| 2010-06-30 | 12.83% |
| 2010-03-31 | 17.81% |
| 2009-12-31 | 17.18% |
| 2009-09-30 | 13.99% |
| 2009-06-30 | 3.46% |
| 2009-03-31 | -0.18% |
| 2008-12-31 | 0.77% |
| 2008-09-30 | 20.52% |
| 2008-06-30 | 22.57% |
| 2008-03-31 | 20.77% |
| 2007-12-31 | 20.37% |
| 2007-09-30 | 21.99% |
| 2007-06-30 | 18.49% |
| 2007-03-31 | 20.77% |
| 2006-12-31 | 20.36% |
| 2006-09-30 | 20.97% |
| 2006-06-30 | 23.28% |
| 2006-03-31 | 25.74% |
| 2005-12-31 | 25.42% |
| 2005-09-30 | 29.47% |
| 2005-06-30 | 27.29% |
| 2005-03-31 | 21.46% |
| 2004-12-31 | 26.86% |
| 2004-09-30 | 23.87% |
| 2004-06-30 | 24.46% |
| 2004-03-31 | 22.95% |
| 2003-12-31 | 23.82% |
| 2003-09-30 | 22.28% |
| 2003-06-30 | 22.11% |
| 2003-03-31 | 21.68% |
| 2002-12-31 | 24.08% |
| 2002-09-30 | 20.64% |
