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 15.48% is in line with its 5-year average of 15.44%, near the high end of its 5-year range (0.00%–17.22%).
0.58% below its 12-month average of 15.57%.
Reported quarterly operating margin; no daily interpolation. Q2 FY2026 (2026-06-30): 15.16%.
OPERATING MARGIN
15.48%
OPERATING MARGIN AVG TTM
15.57%
OPERATING MARGIN AVG 3Y
15.32%
OPERATING MARGIN AVG 5Y
15.44%
OPERATING MARGIN AVG 10Y
15.11%
OPERATING MARGIN AVG 15Y
14.82%
OPERATING MARGIN AVG 20Y
14.25%
CURRENT VS TTM AVG
-0.58%
CURRENT VS 3Y AVG
+1.04%
CURRENT VS 5Y AVG
+0.26%
CURRENT VS 10Y AVG
+2.44%
CURRENT VS 15Y AVG
+4.49%
CURRENT VS 20Y AVG
+8.60%
SECTOR MEDIAN · HEALTHCARE
14.90%
median of 90 covered companies
CURRENT VS SECTOR MEDIAN
+3.89%
vs the sector median at left
HCA Healthcare, Inc.
Market Cap
$92.12B
Operating Margin
15.48%
TTM Avg
15.57%
3Y Avg
15.32%
5Y Avg
15.44%
Market Cap
$92.00B
Operating Margin
3.51%
TTM Avg
4.55%
3Y Avg
4.90%
5Y Avg
5.40%
Market Cap
$81.77B
Operating Margin
25.56%
TTM Avg
26.52%
3Y Avg
32.61%
5Y Avg
38.03%
Market Cap
$106.65B
Operating Margin
1.62%
TTM Avg
1.41%
3Y Avg
1.42%
5Y Avg
1.37%
Market Cap
$108.06B
Operating Margin
22.03%
TTM Avg
20.93%
3Y Avg
20.75%
5Y Avg
21.02%
Market Cap
$66.96B
Operating Margin
21.46%
TTM Avg
17.76%
3Y Avg
16.30%
5Y Avg
14.57%
| NAME | MARKET CAP | OPERATING MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| HCA Healthcare, Inc. (HCA) | $92.12B | 15.48% | 15.57% | 15.32% | 15.44% |
| Elevance Health Inc. (ELV)vs › | $92.00B | 3.51% | 4.55% | 4.90% | 5.40% |
| GSK plc (GSK)vs › | $100.28B | 20.72% | 19.17% | 20.63% | 20.79% |
| Regeneron Pharmaceuticals, Inc. (REGN)vs › | $81.77B | 25.56% | 26.52% | 32.61% | 38.03% |
| Sanofi (SNY)vs › | $104.04B | 14.74% | 18.46% | 19.67% | 22.87% |
| McKesson Corporation (MCK)vs › | $106.65B | 1.62% | 1.41% | 1.42% | 1.37% |
| Cigna Corporation (CI)vs › | $76.64B | 3.46% | 3.56% | 4.04% | 4.30% |
| Stryker Corporation (SYK)vs › | $108.06B | 22.03% | 20.93% | 20.75% | 21.02% |
| Boston Scientific Corporation (BSX)vs › | $66.96B | 21.46% | 17.76% | 16.30% | 14.57% |
| Medtronic plc (MDT)vs › | $120.07B | 18.08% | 17.77% | 17.25% | 17.00% |
Gross Margin
41.5%
Operating Margin
15.5%
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 | 15.16% |
| 2026-03-31 | 14.98% |
| 2025-12-31 | 16.29% |
| 2025-09-30 | 15.47% |
| 2025-06-30 | 15.95% |
| 2025-03-31 | 15.58% |
| 2024-12-31 | 15.56% |
| 2024-09-30 | 13.78% |
| 2024-06-30 | 15.61% |
| 2024-03-31 | 14.76% |
| 2023-12-31 | 16.19% |
| 2023-09-30 | 0.00% |
| 2023-06-30 | 14.50% |
| 2023-03-31 | 15.61% |
| 2022-12-31 | 15.57% |
| 2022-09-30 | 14.31% |
| 2022-06-30 | 15.49% |
| 2022-03-31 | 14.73% |
| 2021-12-31 | 15.84% |
| 2021-09-30 | 16.19% |
| 2021-06-30 | 17.22% |
| 2021-03-31 | 16.70% |
| 2020-12-31 | 17.14% |
| 2020-09-30 | 9.91% |
| 2020-06-30 | 17.84% |
| 2020-03-31 | 11.81% |
| 2019-12-31 | 14.97% |
| 2019-09-30 | 12.87% |
| 2019-06-30 | 13.09% |
| 2019-03-31 | 15.27% |
| 2018-12-31 | 15.67% |
| 2018-09-30 | 13.14% |
| 2018-06-30 | 14.38% |
| 2018-03-31 | 13.62% |
| 2017-12-31 | 15.59% |
| 2017-09-30 | 11.44% |
| 2017-06-30 | 14.50% |
| 2017-03-31 | 13.88% |
| 2016-12-31 | 15.91% |
| 2016-09-30 | 14.02% |
| 2016-06-30 | 15.05% |
| 2016-03-31 | 14.74% |
| 2015-12-31 | 16.03% |
| 2015-09-30 | 13.43% |
| 2015-06-30 | 15.45% |
| 2015-03-31 | 15.18% |
| 2014-12-31 | 15.42% |
| 2014-09-30 | 14.69% |
| 2014-06-30 | 16.65% |
| 2014-03-31 | 13.45% |
| 2013-12-31 | 14.18% |
| 2013-09-30 | 13.61% |
| 2013-06-30 | 14.82% |
| 2013-03-31 | 13.46% |
| 2012-12-31 | 13.58% |
| 2012-09-30 | 13.77% |
| 2012-05-30 | 14.05% |
| 2012-03-31 | 15.16% |
| 2011-12-31 | 14.52% |
| 2011-09-30 | 13.04% |
| 2011-06-30 | 13.17% |
| 2011-03-31 | 14.35% |
| 2010-12-31 | 13.13% |
| 2010-09-30 | 12.27% |
| 2010-06-30 | 13.67% |
| 2010-03-31 | 15.26% |
| 2009-12-31 | 12.11% |
| 2009-09-30 | 11.50% |
| 2009-06-30 | 13.07% |
| 2009-03-31 | 13.94% |
| 2008-12-31 | 11.42% |
| 2008-09-30 | 9.45% |
| 2008-06-30 | 9.84% |
| 2008-03-31 | 10.61% |
| 2007-12-31 | 11.49% |
| 2007-09-30 | 8.78% |
| 2007-06-30 | 11.35% |
| 2007-03-31 | 13.79% |
| 2006-12-31 | 14.33% |
| 2006-09-30 | 9.19% |
| 2006-06-30 | 11.38% |
| 2006-03-31 | 13.39% |
| 2005-12-31 | 10.86% |
| 2005-09-30 | 10.16% |
| 2005-06-30 | 12.42% |
| 2005-03-31 | 14.02% |
| 2004-12-31 | 11.53% |
| 2004-09-30 | 9.72% |
| 2004-06-30 | 12.62% |
| 2004-03-31 | 12.33% |
| 2003-12-31 | 11.79% |
| 2003-09-30 | 12.05% |
| 2003-06-30 | 10.24% |
| 2003-03-31 | 17.41% |
| 2002-12-31 | 1.11% |
| 2002-09-30 | 9.74% |
