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 25.14% is 12% above its 5-year average of 22.39%, near the high end of its 5-year range (20.26%–25.47%).
As of the fiscal period ended Friday, July 31, 2026. 5.77% above its 12-month average of 23.77%.
Reported quarterly operating margin; no daily interpolation.
OPERATING MARGIN
25.14%
OPERATING MARGIN AVG TTM
23.77%
OPERATING MARGIN AVG 3Y
22.53%
OPERATING MARGIN AVG 5Y
22.39%
OPERATING MARGIN AVG 10Y
21.73%
OPERATING MARGIN AVG 15Y
20.59%
OPERATING MARGIN AVG 20Y
19.78%
CURRENT VS TTM AVG
+5.77%
CURRENT VS 3Y AVG
+11.55%
CURRENT VS 5Y AVG
+12.29%
CURRENT VS 10Y AVG
+15.70%
CURRENT VS 15Y AVG
+22.09%
CURRENT VS 20Y AVG
+27.11%
SECTOR MEDIAN · INDUSTRIALS
11.95%
median of 146 covered companies
CURRENT VS SECTOR MEDIAN
+110.44%
vs the sector median at left
HEICO Corporation
Market Cap
$46.95B
Operating Margin
25.14%
TTM Avg
23.77%
3Y Avg
22.53%
5Y Avg
22.39%
Market Cap
$45.74B
Operating Margin
27.64%
TTM Avg
27.84%
3Y Avg
29.41%
5Y Avg
28.25%
Market Cap
$48.18B
Operating Margin
21.69%
TTM Avg
16.18%
3Y Avg
17.07%
5Y Avg
15.99%
Market Cap
$48.34B
Operating Margin
24.04%
TTM Avg
22.17%
3Y Avg
22.07%
5Y Avg
21.76%
Market Cap
$48.50B
Operating Margin
7.05%
TTM Avg
9.05%
3Y Avg
10.00%
5Y Avg
11.75%
Market Cap
$48.78B
Operating Margin
10.04%
TTM Avg
9.64%
3Y Avg
9.52%
5Y Avg
10.34%
Market Cap
$49.26B
Operating Margin
2.61%
TTM Avg
0.29%
3Y Avg
4.66%
5Y Avg
-0.46%
| NAME | MARKET CAP | OPERATING MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| HEICO Corporation (HEI) | $46.95B | 25.14% | 23.77% | 22.53% | 22.39% |
| Thomson Reuters Corporation (TRI)vs › | $45.74B | 27.64% | 27.84% | 29.41% | 28.25% |
| Rockwell Automation, Inc. (ROK)vs › | $48.18B | 21.69% | 16.18% | 17.07% | 15.99% |
| HEICO Corporation (HEI-A)vs › | $48.34B | 24.04% | 22.17% | 22.07% | 21.76% |
| Carrier Global Corporation (CARR)vs › | $48.50B | 7.05% | 9.05% | 10.00% | 11.75% |
| Ferguson plc (FERG)vs › | $45.24B | 9.01% | 9.34% | 9.14% | 9.16% |
| L3Harris Technologies, Inc. (LHX)vs › | $48.78B | 10.04% | 9.64% | 9.52% | 10.34% |
| Paychex, Inc. (PAYX)vs › | $44.99B | 38.55% | 39.08% | 39.99% | 39.31% |
| Axon Enterprise, Inc. (AXON)vs › | $49.26B | 2.61% | 0.29% | 4.66% | -0.46% |
| Westinghouse Air Brake Technologies Corporation (WAB)vs › | $50.21B | 16.54% | 16.11% | 14.35% | 13.08% |
Gross Margin
40.4%
Operating Margin
25.1%
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 |
|---|---|
| 2026-07-31 | 25.14% |
| 2026-04-30 | 25.47% |
| 2026-01-31 | 22.05% |
| 2025-10-31 | 23.07% |
| 2025-07-31 | 23.09% |
| 2025-04-30 | 22.95% |
| 2025-01-31 | 22.36% |
| 2024-10-31 | 23.61% |
| 2024-07-31 | 21.24% |
| 2024-04-30 | 21.20% |
| 2024-01-31 | 20.26% |
| 2023-10-31 | 21.89% |
| 2023-07-31 | 20.61% |
| 2023-04-30 | 22.90% |
| 2023-01-31 | 21.10% |
| 2022-10-31 | 23.33% |
| 2022-07-31 | 22.18% |
| 2022-04-30 | 22.46% |
| 2022-01-31 | 20.79% |
| 2021-10-31 | 22.75% |
| 2021-07-31 | 21.65% |
| 2021-04-30 | 20.87% |
| 2021-01-31 | 19.41% |
| 2020-10-31 | 20.97% |
| 2020-07-31 | 17.46% |
| 2020-04-30 | 23.27% |
| 2020-01-31 | 22.00% |
| 2019-10-31 | 22.06% |
| 2019-07-31 | 22.55% |
| 2019-04-30 | 23.36% |
| 2019-01-31 | 21.43% |
| 2018-10-31 | 22.23% |
| 2018-07-31 | 21.61% |
| 2018-04-30 | 21.15% |
| 2018-01-31 | 19.09% |
| 2017-10-31 | 21.20% |
| 2017-07-31 | 19.74% |
| 2017-04-30 | 21.00% |
| 2017-01-31 | 19.06% |
| 2016-10-31 | 21.79% |
| 2016-07-31 | 19.89% |
| 2016-04-30 | 19.05% |
| 2016-01-31 | 17.18% |
| 2015-10-31 | 20.98% |
| 2015-07-31 | 19.48% |
| 2015-04-30 | 19.14% |
| 2015-01-31 | 17.30% |
| 2014-10-31 | 17.95% |
| 2014-07-31 | 17.22% |
| 2014-04-30 | 17.42% |
| 2014-01-31 | 18.88% |
| 2013-10-31 | 19.33% |
| 2013-07-31 | 18.12% |
| 2013-04-30 | 18.80% |
| 2013-01-31 | 16.14% |
| 2012-10-31 | 18.81% |
| 2012-07-31 | 18.79% |
| 2012-04-30 | 17.38% |
| 2012-01-31 | 17.70% |
| 2011-10-31 | 17.92% |
| 2011-07-31 | 18.10% |
| 2011-04-30 | 17.84% |
| 2011-01-31 | 18.58% |
| 2010-10-31 | 17.52% |
| 2010-07-31 | 18.32% |
| 2010-04-30 | 16.87% |
| 2010-01-31 | 18.11% |
| 2009-10-31 | 16.75% |
| 2009-07-31 | 15.98% |
| 2009-04-30 | 16.38% |
| 2009-01-31 | 16.45% |
| 2008-10-31 | 18.32% |
| 2008-07-31 | 18.66% |
| 2008-04-30 | 18.30% |
| 2008-01-31 | 17.30% |
| 2007-10-31 | 17.05% |
| 2007-07-31 | 17.98% |
| 2007-04-30 | 17.39% |
| 2007-01-31 | 15.08% |
| 2006-10-31 | 16.00% |
| 2006-07-31 | 17.02% |
| 2006-04-30 | 18.05% |
| 2006-01-31 | 17.35% |
| 2005-10-31 | 16.73% |
| 2005-07-31 | 16.99% |
| 2005-04-30 | 17.07% |
| 2005-01-31 | 15.20% |
| 2004-10-31 | 16.41% |
| 2004-07-31 | 14.10% |
| 2004-04-30 | 15.48% |
| 2004-01-31 | 14.24% |
| 2003-10-31 | 13.94% |
| 2003-07-31 | 13.43% |
| 2003-04-30 | 11.86% |
| 2003-01-31 | 13.23% |
| 2002-10-31 | 12.48% |
