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 5.72% is 71% below its 5-year average of 20.06%, near the low end of its 5-year range (2.36%–31.89%).
As of the fiscal period ended Tuesday, June 30, 2026. 73.74% below its 12-month average of 21.78%.
Reported quarterly operating margin; no daily interpolation.
OPERATING MARGIN
5.72%
OPERATING MARGIN AVG TTM
21.78%
OPERATING MARGIN AVG 3Y
19.33%
OPERATING MARGIN AVG 5Y
20.06%
OPERATING MARGIN AVG 10Y
18.73%
OPERATING MARGIN AVG 15Y
19.34%
OPERATING MARGIN AVG 20Y
22.02%
CURRENT VS TTM AVG
-73.74%
CURRENT VS 3Y AVG
-70.41%
CURRENT VS 5Y AVG
-71.49%
CURRENT VS 10Y AVG
-69.45%
CURRENT VS 15Y AVG
-70.42%
CURRENT VS 20Y AVG
-74.02%
SECTOR MEDIAN · HEALTHCARE
15.61%
median of 76 covered companies
CURRENT VS SECTOR MEDIAN
-63.34%
vs the sector median at left
Market Cap
$102.88B
Operating Margin
1.62%
TTM Avg
1.41%
3Y Avg
1.42%
5Y Avg
1.37%
Market Cap
$89.76B
Operating Margin
15.48%
TTM Avg
15.38%
3Y Avg
15.15%
5Y Avg
15.20%
Market Cap
$86.56B
Operating Margin
3.51%
TTM Avg
4.55%
3Y Avg
4.90%
5Y Avg
5.40%
Market Cap
$82.21B
Operating Margin
25.56%
TTM Avg
26.52%
3Y Avg
32.61%
5Y Avg
38.03%
Market Cap
$76.43B
Operating Margin
21.46%
TTM Avg
17.76%
3Y Avg
16.30%
5Y Avg
14.57%
| NAME | MARKET CAP | OPERATING MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| GSK plc (GSK) | $100.78B | 5.72% | 21.78% | 19.33% | 20.06% |
| McKesson Corporation (MCK)vs › | $102.88B | 1.62% | 1.41% | 1.42% | 1.37% |
| HCA Healthcare, Inc. (HCA)vs › | $89.76B | 15.48% | 15.38% | 15.15% | 15.20% |
| Elevance Health Inc. (ELV)vs › | $86.56B | 3.51% | 4.55% | 4.90% | 5.40% |
| Medtronic plc (MDT)vs › | $116.18B | 17.78% | 17.77% | 17.25% | 17.00% |
| Regeneron Pharmaceuticals, Inc. (REGN)vs › | $82.21B | 25.56% | 26.52% | 32.61% | 38.03% |
| CVS Health Corp. (CVS)vs › | $120.86B | 2.00% | 2.43% | 2.79% | 3.48% |
| Boston Scientific Corporation (BSX)vs › | $76.43B | 21.46% | 17.76% | 16.30% | 14.57% |
| Cigna Corporation (CI)vs › | $73.30B | 3.46% | 3.56% | 4.04% | 4.30% |
| Bristol-Myers Squibb Company (BMY)vs › | $130.12B | 28.27% | 24.24% | 21.84% | 19.75% |
Gross Margin
72.7%
Operating Margin
5.7%
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 | 5.72% |
| 2026-03-31 | 30.06% |
| 2025-12-31 | 17.48% |
| 2025-09-30 | 30.34% |
| 2025-06-30 | 25.33% |
| 2025-03-31 | 29.48% |
| 2024-12-31 | 8.57% |
| 2024-09-30 | 2.36% |
| 2024-06-30 | 20.88% |
| 2024-03-31 | 20.24% |
| 2023-12-31 | 7.12% |
| 2023-09-30 | 23.92% |
| 2023-06-30 | 29.83% |
| 2023-03-31 | 29.95% |
| 2022-12-31 | 25.33% |
| 2022-09-30 | 15.21% |
| 2022-06-30 | 15.60% |
| 2022-03-31 | 31.89% |
| 2021-12-31 | 9.39% |
| 2021-09-30 | 20.82% |
| 2021-06-30 | 21.84% |
| 2021-03-31 | 22.82% |
| 2020-12-31 | 12.14% |
| 2020-09-30 | 21.49% |
| 2020-06-30 | 37.38% |
| 2020-03-31 | 22.16% |
| 2019-12-31 | 21.37% |
| 2019-09-30 | 22.88% |
| 2019-06-30 | 19.00% |
| 2019-03-31 | 18.64% |
| 2018-12-31 | 18.96% |
| 2018-09-30 | 23.60% |
| 2018-06-30 | 10.66% |
| 2018-03-31 | 17.17% |
| 2017-12-31 | 6.70% |
| 2017-09-30 | 23.93% |
| 2017-06-30 | -0.27% |
| 2017-03-31 | 23.27% |
| 2016-12-31 | 7.84% |
| 2016-09-30 | 18.97% |
| 2016-06-30 | -2.31% |
| 2016-03-31 | 11.61% |
| 2015-12-31 | -4.04% |
| 2015-09-30 | 16.73% |
| 2015-06-30 | 5.69% |
| 2015-03-31 | 163.93% |
| 2014-12-31 | 11.17% |
| 2014-09-30 | 12.45% |
| 2014-06-30 | 20.45% |
| 2014-03-31 | 18.99% |
| 2013-12-31 | 35.35% |
| 2013-09-30 | 24.10% |
| 2013-06-30 | 21.73% |
| 2013-03-31 | 24.42% |
| 2012-12-31 | 28.52% |
| 2012-09-30 | 25.37% |
| 2012-06-30 | 26.51% |
| 2012-03-31 | 30.33% |
| 2011-12-31 | 26.93% |
| 2011-09-30 | 29.77% |
| 2011-06-30 | 26.46% |
| 2011-03-31 | 30.90% |
| 2010-12-31 | -4.45% |
| 2010-09-30 | 28.74% |
| 2010-06-30 | 0.73% |
| 2010-03-31 | 28.46% |
| 2009-12-31 | 30.23% |
| 2009-09-30 | 30.65% |
| 2009-06-30 | 32.53% |
| 2009-03-31 | 25.29% |
| 2008-12-31 | 22.89% |
| 2008-09-30 | 28.17% |
| 2008-06-30 | 33.01% |
| 2008-03-31 | 34.52% |
| 2007-12-31 | 63.24% |
| 2007-09-30 | 34.88% |
| 2007-06-30 | 34.00% |
| 2007-03-31 | 38.73% |
| 2006-12-31 | 28.53% |
| 2006-09-30 | 35.86% |
| 2006-06-30 | 32.88% |
| 2006-03-31 | 37.40% |
| 2005-12-31 | -82.63% |
| 2005-09-30 | 32.59% |
| 2005-06-30 | 32.61% |
| 2005-03-31 | 34.69% |
| 2004-12-31 | 29.15% |
| 2004-09-30 | 30.40% |
| 2004-06-30 | 30.68% |
| 2004-03-31 | 30.75% |
| 2003-12-31 | 21.37% |
| 2003-09-30 | 30.55% |
| 2003-06-30 | 35.16% |
| 2003-03-31 | 32.21% |
| 2002-12-31 | 23.80% |
| 2002-09-30 | 22.43% |
