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 18.65% is 56% above its 5-year average of 11.92%, near the high end of its 5-year range (-6.69%–24.10%).
As of the fiscal period ended Tuesday, June 30, 2026. 9.00% below its 12-month average of 20.49%.
Reported quarterly operating margin; no daily interpolation.
OPERATING MARGIN
18.65%
OPERATING MARGIN AVG TTM
20.49%
OPERATING MARGIN AVG 3Y
17.36%
OPERATING MARGIN AVG 5Y
11.92%
OPERATING MARGIN AVG 10Y
9.40%
OPERATING MARGIN AVG 15Y
15.87%
OPERATING MARGIN AVG 20Y
18.10%
CURRENT VS TTM AVG
-9.00%
CURRENT VS 3Y AVG
+7.41%
CURRENT VS 5Y AVG
+56.48%
CURRENT VS 10Y AVG
+98.46%
CURRENT VS 15Y AVG
+17.45%
CURRENT VS 20Y AVG
+3.00%
SECTOR MEDIAN · INDUSTRIALS
13.49%
median of 130 covered companies
CURRENT VS SECTOR MEDIAN
+38.22%
vs the sector median at left
Market Cap
$375.33B
Operating Margin
16.56%
TTM Avg
18.38%
3Y Avg
17.35%
5Y Avg
15.63%
Market Cap
$189.10B
Operating Margin
16.35%
TTM Avg
16.88%
3Y Avg
16.63%
5Y Avg
16.14%
Market Cap
$173.55B
Operating Margin
39.93%
TTM Avg
40.09%
3Y Avg
39.43%
5Y Avg
40.11%
Market Cap
$170.83B
Operating Margin
-5.41%
TTM Avg
-11.16%
3Y Avg
-7.16%
5Y Avg
-9.20%
Market Cap
$161.22B
Operating Margin
17.68%
TTM Avg
19.30%
3Y Avg
17.86%
5Y Avg
16.51%
| NAME | MARKET CAP | OPERATING MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| GE Aerospace (GE) | $373.60B | 18.65% | 20.49% | 17.36% | 11.92% |
| Caterpillar Inc. (CAT)vs › | $375.33B | 16.56% | 18.38% | 17.35% | 15.63% |
| RTX Corporation (RTX)vs › | $290.06B | 11.21% | 9.30% | 8.00% | 6.10% |
| Siemens AG (SIEGY)vs › | $250.58B | 11.70% | 12.00% | 11.66% | 10.82% |
| Schneider Electric S.E. (SBGSY)vs › | $189.10B | 16.35% | 16.88% | 16.63% | 16.14% |
| ABB Ltd (ABBNY)vs › | $179.01B | 17.29% | 16.82% | 15.02% | 14.32% |
| Union Pacific Corporation (UNP)vs › | $173.55B | 39.93% | 40.09% | 39.43% | 40.11% |
| The Boeing Company (BA)vs › | $170.83B | -5.41% | -11.16% | -7.16% | -9.20% |
| Eaton Corporation plc (ETN)vs › | $161.22B | 17.68% | 19.30% | 17.86% | 16.51% |
| Deere & Company (DE)vs › | $159.98B | 18.38% | 18.84% | 21.89% | 20.22% |
Gross Margin
35.4%
Operating Margin
18.6%
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 | 18.65% |
| 2026-03-31 | 23.33% |
| 2025-12-31 | 18.55% |
| 2025-09-30 | 22.88% |
| 2025-06-30 | 19.04% |
| 2025-03-31 | 20.16% |
| 2024-12-31 | 24.10% |
| 2024-09-30 | 12.61% |
| 2024-06-30 | 17.89% |
| 2024-03-31 | 14.36% |
| 2023-12-31 | 6.15% |
| 2023-09-30 | 14.53% |
| 2023-06-30 | 13.42% |
| 2023-03-31 | 3.44% |
| 2022-12-31 | 5.64% |
| 2022-09-30 | 0.28% |
| 2022-06-30 | 4.80% |
| 2022-03-31 | -6.69% |
| 2021-12-31 | 7.47% |
| 2021-09-30 | 6.04% |
| 2021-06-30 | 3.57% |
| 2021-03-31 | 2.91% |
| 2020-12-31 | 5.35% |
| 2020-09-30 | 0.29% |
| 2020-06-30 | -6.37% |
| 2020-03-31 | 3.30% |
| 2019-12-31 | 10.47% |
| 2019-09-30 | 5.46% |
| 2019-06-30 | 8.28% |
| 2019-03-31 | 8.92% |
| 2018-12-31 | 14.84% |
| 2018-09-30 | 3.14% |
| 2018-06-30 | 8.22% |
| 2018-03-31 | 7.77% |
| 2017-12-31 | -1.67% |
| 2017-09-30 | 7.34% |
| 2017-06-30 | 11.42% |
| 2017-03-31 | 8.79% |
| 2016-12-31 | 2.36% |
| 2016-09-30 | 13.62% |
| 2016-06-30 | 20.52% |
| 2016-03-31 | 10.33% |
| 2015-12-31 | -68.13% |
| 2015-09-30 | 14.05% |
| 2015-06-30 | 15.01% |
| 2015-03-31 | 12.04% |
| 2014-12-31 | -42.36% |
| 2014-09-30 | 36.14% |
| 2014-06-30 | 35.42% |
| 2014-05-09 | 42.10% |
| 2013-12-31 | 35.03% |
| 2013-09-30 | 43.68% |
| 2013-06-30 | 44.51% |
| 2013-03-31 | 48.52% |
| 2012-12-31 | 122.16% |
| 2012-09-30 | 46.87% |
| 2012-06-30 | 45.70% |
| 2012-03-31 | 45.74% |
| 2011-12-31 | 130.49% |
| 2011-09-30 | 21.20% |
| 2011-06-30 | 23.32% |
| 2011-03-31 | 29.30% |
| 2010-12-31 | 17.54% |
| 2010-09-30 | 20.93% |
| 2010-06-30 | 21.98% |
| 2010-03-31 | 18.87% |
| 2009-12-31 | 17.11% |
| 2009-09-30 | 16.66% |
| 2009-06-30 | 19.88% |
| 2009-03-31 | 20.69% |
| 2008-12-31 | 18.89% |
| 2008-09-30 | 25.67% |
| 2008-06-30 | 28.29% |
| 2008-03-31 | 28.14% |
| 2007-12-31 | 29.62% |
| 2007-09-30 | 28.25% |
| 2007-06-30 | 30.51% |
| 2007-03-31 | 30.51% |
| 2006-12-31 | 29.53% |
| 2006-09-30 | 28.65% |
| 2006-06-30 | 27.98% |
| 2006-03-31 | 25.66% |
| 2005-12-31 | 32.80% |
| 2005-09-30 | 26.53% |
| 2005-06-30 | 25.85% |
| 2005-03-31 | 23.96% |
| 2004-12-31 | 22.53% |
| 2004-09-30 | 21.82% |
| 2004-06-30 | 20.18% |
| 2004-03-31 | 21.90% |
| 2003-12-31 | 23.05% |
| 2003-09-30 | 23.72% |
| 2003-06-30 | 23.27% |
| 2003-03-31 | 22.70% |
| 2002-12-31 | 16.15% |
| 2002-09-30 | 24.82% |
