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 -197.96% is 753% below its 5-year average of 30.30%, near the low end of its 5-year range (-197.96%–140.54%).
477.29% below its 12-month average of 52.47%.
Reported quarterly operating margin; no daily interpolation. Q2 FY2026 (2026-06-30): 30.58%.
OPERATING MARGIN
-197.96%
OPERATING MARGIN AVG TTM
52.47%
OPERATING MARGIN AVG 3Y
24.17%
OPERATING MARGIN AVG 5Y
30.30%
OPERATING MARGIN AVG 10Y
30.62%
OPERATING MARGIN AVG 15Y
28.96%
OPERATING MARGIN AVG 20Y
24.99%
CURRENT VS TTM AVG
-477.29%
CURRENT VS 3Y AVG
-918.99%
CURRENT VS 5Y AVG
-753.33%
CURRENT VS 10Y AVG
-746.44%
CURRENT VS 15Y AVG
-783.59%
CURRENT VS 20Y AVG
-892.12%
SECTOR MEDIAN · FINANCIAL SERVICES
16.09%
median of 716 covered companies
CURRENT VS SECTOR MEDIAN
-1330.33%
vs the sector median at left
Horizon Bancorp, Inc.
Market Cap
$992.46M
Operating Margin
-197.96%
TTM Avg
52.47%
3Y Avg
24.17%
5Y Avg
30.30%
Market Cap
$1.00B
Operating Margin
23.26%
TTM Avg
19.54%
3Y Avg
23.37%
5Y Avg
24.70%
Market Cap
$1.00B
Operating Margin
36.55%
TTM Avg
38.23%
3Y Avg
41.76%
5Y Avg
45.63%
Market Cap
$1.01B
Operating Margin
22.15%
TTM Avg
20.15%
3Y Avg
22.44%
5Y Avg
23.89%
Market Cap
$1.02B
Operating Margin
40.57%
TTM Avg
42.26%
3Y Avg
43.91%
5Y Avg
40.41%
Market Cap
$1.02B
Operating Margin
23.26%
TTM Avg
19.54%
3Y Avg
23.37%
5Y Avg
24.70%
Market Cap
$1.02B
Operating Margin
9.04%
TTM Avg
16.55%
3Y Avg
23.63%
5Y Avg
24.97%
Market Cap
$1.02B
Operating Margin
28.78%
TTM Avg
27.31%
3Y Avg
30.97%
5Y Avg
31.56%
Market Cap
$961.26M
Operating Margin
25.61%
TTM Avg
22.41%
3Y Avg
25.80%
5Y Avg
30.73%
| NAME | MARKET CAP | OPERATING MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Horizon Bancorp, Inc. (HBNC) | $992.46M | -197.96% | 52.47% | 24.17% | 30.30% |
| CNB Financial Corporation (CCNE)vs › | $1.00B | 23.26% | 19.54% | 23.37% | 24.70% |
| MetroCity Bankshares, Inc. (MCBS)vs › | $1.00B | 36.55% | 38.23% | 41.76% | 45.63% |
| Business First Bancshares, Inc. (BFST)vs › | $1.01B | 22.15% | 20.15% | 22.44% | 23.89% |
| Esquire Financial Holdings, Inc. (ESQ)vs › | $1.02B | 40.57% | 42.26% | 43.91% | 40.41% |
| CNB Financial Corporation (CCNEP)vs › | $1.02B | 23.26% | 19.54% | 23.37% | 24.70% |
| OceanFirst Financial Corp. (OCFC)vs › | $1.02B | 9.04% | 16.55% | 23.63% | 24.97% |
| Mercantile Bank Corporation (MBWM)vs › | $1.02B | 28.78% | 27.31% | 30.97% | 31.56% |
| Camden National Corp. (CAC)vs › | $961.26M | 25.61% | 22.41% | 25.80% | 30.73% |
| Oaktree Specialty Lending Corporation (OCSL)vs › | $1.03B | 44.09% | 40.71% | 42.47% | 50.65% |
Operating Margin
-198.0%
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 | 30.58% |
| 2026-03-31 | 33.04% |
| 2025-12-31 | 34.07% |
| 2025-09-30 | 140.54% |
| 2025-06-30 | 24.11% |
| 2025-03-31 | 26.75% |
| 2024-12-31 | -34.75% |
| 2024-09-30 | 17.86% |
| 2024-06-30 | 16.46% |
| 2024-03-31 | 16.20% |
| 2023-12-31 | -30.45% |
| 2023-09-30 | 19.25% |
| 2023-06-30 | 23.38% |
| 2023-03-31 | 25.02% |
| 2022-12-31 | 31.10% |
| 2022-09-30 | 36.75% |
| 2022-06-30 | 42.71% |
| 2022-03-31 | 42.55% |
| 2021-12-31 | 39.76% |
| 2021-09-30 | 42.21% |
| 2021-06-30 | 43.59% |
| 2021-03-31 | 40.71% |
| 2020-12-31 | 34.08% |
| 2020-09-30 | 38.51% |
| 2020-06-30 | 28.30% |
| 2020-03-31 | 21.49% |
| 2019-12-31 | 35.72% |
| 2019-09-30 | 37.74% |
| 2019-06-30 | 31.81% |
| 2019-03-31 | 24.72% |
| 2018-12-31 | 31.11% |
| 2018-09-30 | 31.81% |
| 2018-06-30 | 35.11% |
| 2018-03-31 | 32.97% |
| 2017-12-31 | 29.98% |
| 2017-09-30 | 27.46% |
| 2017-06-30 | 33.34% |
| 2017-03-31 | 31.96% |
| 2016-12-31 | 18.94% |
| 2016-09-30 | 24.98% |
| 2016-06-30 | 27.54% |
| 2016-03-31 | 24.76% |
| 2015-12-31 | 27.84% |
| 2015-09-30 | 18.42% |
| 2015-06-30 | 24.05% |
| 2015-03-31 | 28.07% |
| 2014-12-31 | 26.22% |
| 2014-09-30 | 25.72% |
| 2014-06-30 | 26.17% |
| 2014-03-31 | 20.41% |
| 2013-12-31 | 23.63% |
| 2013-09-30 | 28.00% |
| 2013-06-30 | 31.07% |
| 2013-03-31 | 28.74% |
| 2012-12-31 | 30.56% |
| 2012-09-30 | 27.18% |
| 2012-06-30 | 32.29% |
| 2012-03-31 | 31.13% |
| 2011-12-31 | 20.77% |
| 2011-09-30 | 20.63% |
| 2011-06-30 | 20.30% |
| 2011-03-31 | 18.11% |
| 2010-12-31 | 16.77% |
| 2010-09-30 | 18.51% |
| 2010-06-30 | 14.30% |
| 2010-03-31 | 10.44% |
| 2009-12-31 | 11.01% |
| 2009-09-30 | 13.24% |
| 2009-06-30 | 10.96% |
| 2009-03-31 | 14.31% |
| 2008-12-31 | 13.05% |
| 2008-09-30 | 6.50% |
| 2008-06-30 | 16.55% |
| 2008-03-31 | 15.17% |
| 2007-12-31 | 11.73% |
| 2007-09-30 | 13.88% |
| 2007-06-30 | 12.49% |
| 2007-03-31 | 11.63% |
| 2006-12-31 | 14.47% |
| 2006-09-30 | 13.10% |
| 2006-06-30 | 13.48% |
| 2006-03-31 | 11.00% |
| 2005-12-31 | 16.20% |
| 2005-09-30 | 15.91% |
| 2005-06-30 | 15.11% |
| 2005-03-31 | 12.40% |
| 2004-12-31 | 17.91% |
| 2004-09-30 | 17.93% |
| 2004-06-30 | 18.50% |
| 2004-03-31 | 15.83% |
| 2003-12-31 | 10.53% |
| 2003-09-30 | 20.44% |
| 2003-06-30 | 18.88% |
| 2003-03-31 | 19.24% |
| 2002-12-31 | 17.42% |
| 2002-09-30 | 16.53% |
