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 23.15% is 19% below its 5-year average of 28.75%, around the middle of its 5-year range (-36.00%–62.44%).
97.41% above its 12-month average of 11.73%.
Reported quarterly operating margin; no daily interpolation. Q2 FY2026 (2026-06-30): -36.00%.
OPERATING MARGIN
23.15%
OPERATING MARGIN AVG TTM
11.73%
OPERATING MARGIN AVG 3Y
20.15%
OPERATING MARGIN AVG 5Y
28.75%
OPERATING MARGIN AVG 10Y
29.47%
OPERATING MARGIN AVG 15Y
26.98%
OPERATING MARGIN AVG 20Y
24.44%
CURRENT VS TTM AVG
+97.41%
CURRENT VS 3Y AVG
+14.89%
CURRENT VS 5Y AVG
-19.47%
CURRENT VS 10Y AVG
-21.45%
CURRENT VS 15Y AVG
-14.18%
CURRENT VS 20Y AVG
-5.28%
SECTOR MEDIAN · FINANCIAL SERVICES
16.58%
median of 589 covered companies
CURRENT VS SECTOR MEDIAN
+39.63%
vs the sector median at left
Heritage Financial Corporation
Market Cap
$1.15B
Operating Margin
23.15%
TTM Avg
11.73%
3Y Avg
20.15%
5Y Avg
28.75%
Market Cap
$1.22B
Operating Margin
51.61%
TTM Avg
51.23%
3Y Avg
51.08%
5Y Avg
51.08%
Market Cap
$1.07B
Operating Margin
20.66%
TTM Avg
24.88%
3Y Avg
24.89%
5Y Avg
20.51%
Market Cap
$1.24B
Operating Margin
38.22%
TTM Avg
36.67%
3Y Avg
44.13%
5Y Avg
46.94%
Market Cap
$1.06B
Operating Margin
N/A
TTM Avg
17.07%
3Y Avg
-1.23%
5Y Avg
9.10%
Market Cap
$1.05B
Operating Margin
34.63%
TTM Avg
31.64%
3Y Avg
37.73%
5Y Avg
41.59%
Market Cap
$1.04B
Operating Margin
44.09%
TTM Avg
40.71%
3Y Avg
42.47%
5Y Avg
50.65%
Market Cap
$1.02B
Operating Margin
40.57%
TTM Avg
42.26%
3Y Avg
43.91%
5Y Avg
40.41%
| NAME | MARKET CAP | OPERATING MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Heritage Financial Corporation (HFWA) | $1.15B | 23.15% | 11.73% | 20.15% | 28.75% |
| Jefferson Capital, Inc. Common Stock (JCAP)vs › | $1.22B | 51.61% | 51.23% | 51.08% | 51.08% |
| International General Insurance Holdings Ltd. (IGIC)vs › | $1.07B | 20.66% | 24.88% | 24.89% | 20.51% |
| Preferred Bank (PFBC)vs › | $1.24B | 38.22% | 36.67% | 44.13% | 46.94% |
| Capitol Federal Financial, Inc. (CFFN)vs › | $1.06B | N/A | 17.07% | -1.23% | 9.10% |
| Five Star Bancorp (FSBC)vs › | $1.05B | 34.63% | 31.64% | 37.73% | 41.59% |
| Northeast Bank (NBN)vs › | $1.05B | 38.56% | 37.02% | 36.02% | 44.83% |
| Oaktree Specialty Lending Corporation (OCSL)vs › | $1.04B | 44.09% | 40.71% | 42.47% | 50.65% |
| Esquire Financial Holdings, Inc. (ESQ)vs › | $1.02B | 40.57% | 42.26% | 43.91% | 40.41% |
| Mercantile Bank Corporation (MBWM)vs › | $1.02B | 28.78% | 27.31% | 30.97% | 31.56% |
Operating Margin
23.1%
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 | -36.00% |
| 2026-03-31 | 22.54% |
| 2025-12-31 | 28.63% |
| 2025-09-30 | 25.40% |
| 2025-06-30 | 18.07% |
| 2025-03-31 | 19.88% |
| 2024-12-31 | 19.85% |
| 2024-09-30 | 16.00% |
| 2024-06-30 | 19.55% |
| 2024-03-31 | 9.61% |
| 2023-12-31 | 9.25% |
| 2023-09-30 | 27.34% |
| 2023-06-30 | 25.69% |
| 2023-03-31 | 32.93% |
| 2022-12-31 | 38.41% |
| 2022-09-30 | 37.41% |
| 2022-06-30 | 38.40% |
| 2022-03-31 | 40.85% |
| 2021-12-31 | 40.92% |
| 2021-09-30 | 41.76% |
| 2021-06-30 | 62.44% |
| 2021-03-31 | 48.76% |
| 2020-12-31 | 42.92% |
| 2020-09-30 | 31.45% |
| 2020-06-30 | -11.37% |
| 2020-03-31 | 20.51% |
| 2019-12-31 | 32.68% |
| 2019-09-30 | 33.97% |
| 2019-06-30 | 30.56% |
| 2019-03-31 | 32.29% |
| 2018-12-31 | 33.52% |
| 2018-09-30 | 29.77% |
| 2018-06-30 | 25.55% |
| 2018-03-31 | 20.64% |
| 2017-12-31 | 35.58% |
| 2017-09-30 | 31.82% |
| 2017-06-30 | 34.02% |
| 2017-03-31 | 29.39% |
| 2016-12-31 | 31.00% |
| 2016-09-30 | 33.70% |
| 2016-06-30 | 29.30% |
| 2016-03-31 | 29.70% |
| 2015-12-31 | 29.24% |
| 2015-09-30 | 30.94% |
| 2015-06-30 | 29.56% |
| 2015-03-31 | 32.34% |
| 2014-12-31 | 20.27% |
| 2014-09-30 | 24.27% |
| 2014-06-30 | 16.37% |
| 2014-03-31 | 19.14% |
| 2013-12-31 | 5.45% |
| 2013-09-30 | 22.73% |
| 2013-06-30 | 20.75% |
| 2013-03-31 | 21.91% |
| 2012-12-31 | 23.75% |
| 2012-09-30 | 22.48% |
| 2012-06-30 | 24.63% |
| 2012-03-31 | 30.78% |
| 2011-12-31 | 15.68% |
| 2011-09-30 | 13.24% |
| 2011-06-30 | 11.48% |
| 2011-03-31 | 5.14% |
| 2010-12-31 | 65.93% |
| 2010-09-30 | 17.65% |
| 2010-06-30 | 8.60% |
| 2010-03-31 | 6.64% |
| 2009-12-31 | 4.38% |
| 2009-09-30 | 2.41% |
| 2009-06-30 | 0.26% |
| 2009-03-31 | -6.56% |
| 2008-12-31 | -2.52% |
| 2008-09-30 | 18.77% |
| 2008-06-30 | 16.41% |
| 2008-03-31 | 23.48% |
| 2007-12-31 | 23.31% |
| 2007-09-30 | 24.00% |
| 2007-06-30 | 22.26% |
| 2007-03-31 | 21.02% |
| 2006-12-31 | 23.53% |
| 2006-09-30 | 25.74% |
| 2006-06-30 | 24.69% |
| 2006-03-31 | 27.09% |
| 2005-12-31 | 28.79% |
| 2005-09-30 | 30.06% |
| 2005-06-30 | 29.08% |
| 2005-03-31 | 31.46% |
| 2004-12-31 | 32.78% |
| 2004-09-30 | 32.09% |
| 2004-06-30 | 30.55% |
| 2004-03-31 | 30.41% |
| 2003-12-31 | 31.21% |
| 2003-09-30 | 33.03% |
| 2003-06-30 | 30.18% |
| 2003-03-31 | 28.98% |
| 2002-12-31 | 31.79% |
| 2002-09-30 | 32.20% |
