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 14.09% is 25% below its 5-year average of 18.89%, around the middle of its 5-year range (9.69%–20.91%).
6.37% below its 12-month average of 15.05%.
Reported quarterly operating margin; no daily interpolation.
OPERATING MARGIN
14.09%
OPERATING MARGIN AVG TTM
15.05%
OPERATING MARGIN AVG 3Y
19.39%
OPERATING MARGIN AVG 5Y
18.89%
OPERATING MARGIN AVG 10Y
17.90%
OPERATING MARGIN AVG 15Y
16.81%
OPERATING MARGIN AVG 20Y
14.98%
CURRENT VS TTM AVG
-6.37%
CURRENT VS 3Y AVG
-27.34%
CURRENT VS 5Y AVG
-25.41%
CURRENT VS 10Y AVG
-21.30%
CURRENT VS 15Y AVG
-16.20%
CURRENT VS 20Y AVG
-5.96%
SECTOR MEDIAN · INDUSTRIALS
11.95%
median of 154 covered companies
CURRENT VS SECTOR MEDIAN
+17.96%
vs the sector median at left
Honeywell International Inc.
Market Cap
$66.00B
Operating Margin
14.09%
TTM Avg
15.05%
3Y Avg
19.39%
5Y Avg
18.89%
Market Cap
$64.05B
Operating Margin
46.19%
TTM Avg
45.81%
3Y Avg
44.20%
5Y Avg
41.06%
Market Cap
$68.19B
Operating Margin
20.00%
TTM Avg
20.06%
3Y Avg
19.25%
5Y Avg
18.72%
Market Cap
$63.19B
Operating Margin
24.79%
TTM Avg
25.59%
3Y Avg
26.46%
5Y Avg
25.20%
Market Cap
$60.87B
Operating Margin
14.57%
TTM Avg
15.18%
3Y Avg
15.12%
5Y Avg
13.50%
Market Cap
$73.65B
Operating Margin
31.63%
TTM Avg
31.98%
3Y Avg
31.05%
5Y Avg
33.01%
Market Cap
$73.67B
Operating Margin
10.18%
TTM Avg
10.43%
3Y Avg
9.29%
5Y Avg
10.67%
Market Cap
$58.02B
Operating Margin
16.46%
TTM Avg
12.54%
3Y Avg
9.81%
5Y Avg
8.67%
| NAME | MARKET CAP | OPERATING MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Honeywell International Inc. (HON) | $66.00B | 14.09% | 15.05% | 19.39% | 18.89% |
| PACCAR Inc (PCAR)vs › | $64.48B | 9.81% | 12.47% | 13.66% | 10.74% |
| TransDigm Group Incorporated (TDG)vs › | $64.05B | 46.19% | 45.81% | 44.20% | 41.06% |
| Republic Services, Inc. (RSG)vs › | $68.19B | 20.00% | 20.06% | 19.25% | 18.72% |
| United Rentals, Inc. (URI)vs › | $63.19B | 24.79% | 25.59% | 26.46% | 25.20% |
| W.W. Grainger, Inc. (GWW)vs › | $60.87B | 14.57% | 15.18% | 15.12% | 13.50% |
| Norfolk Southern Corporation (NSC)vs › | $73.65B | 31.63% | 31.98% | 31.05% | 33.01% |
| Northrop Grumman Corporation (NOC)vs › | $73.67B | 10.18% | 10.43% | 9.29% | 10.67% |
| Comfort Systems USA, Inc. (FIX)vs › | $58.02B | 16.46% | 12.54% | 9.81% | 8.67% |
| Canadian National Railway Company (CNI)vs › | $74.26B | 37.54% | 37.36% | 38.48% | 37.88% |
Gross Margin
36.6%
Operating Margin
14.1%
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 |
|---|---|
| 2026-06-30 | 17.87% |
| 2026-03-31 | 9.69% |
| 2025-12-31 | 10.41% |
| 2025-09-30 | 16.85% |
| 2025-06-30 | 20.42% |
| 2025-03-31 | 20.21% |
| 2024-12-31 | 18.23% |
| 2024-09-30 | 20.38% |
| 2024-06-30 | 20.65% |
| 2024-03-31 | 20.43% |
| 2023-12-31 | 16.77% |
| 2023-09-30 | 20.91% |
| 2023-06-30 | 20.59% |
| 2023-03-31 | 19.09% |
| 2022-12-31 | 19.74% |
| 2022-09-30 | 19.46% |
| 2022-06-30 | 17.88% |
| 2022-03-31 | 15.17% |
| 2021-12-31 | 17.53% |
| 2021-09-30 | 18.59% |
| 2021-06-30 | 18.14% |
| 2021-03-31 | 17.85% |
| 2020-12-31 | 18.83% |
| 2020-09-30 | 16.81% |
| 2020-06-30 | 13.62% |
| 2020-03-31 | 19.98% |
| 2019-12-31 | 17.85% |
| 2019-09-30 | 19.28% |
| 2019-06-30 | 19.06% |
| 2019-03-31 | 18.48% |
| 2018-12-31 | 15.62% |
| 2018-09-30 | 15.63% |
| 2018-06-30 | 16.27% |
| 2018-03-31 | 16.61% |
| 2017-12-31 | 15.83% |
| 2017-09-30 | 15.25% |
| 2017-06-30 | 15.86% |
| 2017-03-31 | 16.23% |
| 2016-12-31 | 16.15% |
| 2016-09-30 | 15.65% |
| 2016-06-30 | 18.43% |
| 2016-03-31 | 17.80% |
| 2015-12-31 | 17.36% |
| 2015-09-30 | 18.26% |
| 2015-06-30 | 17.59% |
| 2015-03-31 | 17.59% |
| 2014-12-31 | 12.08% |
| 2014-09-30 | 16.19% |
| 2014-06-30 | 15.43% |
| 2014-03-31 | 14.19% |
| 2013-12-31 | 12.87% |
| 2013-09-30 | 15.17% |
| 2013-06-30 | 14.29% |
| 2013-03-31 | 14.11% |
| 2012-12-31 | 3.93% |
| 2012-09-30 | 13.87% |
| 2012-06-30 | 13.64% |
| 2012-03-31 | 12.85% |
| 2011-12-31 | -6.10% |
| 2011-09-30 | 10.35% |
| 2011-06-30 | 12.92% |
| 2011-03-31 | 11.72% |
| 2010-12-31 | 11.28% |
| 2010-09-30 | 10.32% |
| 2010-06-30 | 10.71% |
| 2010-03-31 | 10.38% |
| 2009-12-31 | 13.02% |
| 2009-09-30 | 11.29% |
| 2009-06-30 | 10.57% |
| 2009-03-31 | 8.75% |
| 2008-12-31 | 11.59% |
| 2008-09-30 | 5.28% |
| 2008-06-30 | 10.97% |
| 2008-03-31 | 10.88% |
| 2007-12-31 | 11.40% |
| 2007-09-30 | 10.82% |
| 2007-06-30 | 10.78% |
| 2007-03-31 | 9.97% |
| 2006-12-31 | 10.07% |
| 2006-09-30 | 10.11% |
| 2006-06-30 | 9.94% |
| 2006-03-31 | 8.82% |
| 2005-12-31 | 10.23% |
| 2005-09-30 | 8.93% |
| 2005-06-30 | 8.39% |
| 2005-03-31 | 7.95% |
| 2004-12-31 | 6.55% |
| 2004-09-30 | 7.63% |
| 2004-06-30 | 5.28% |
| 2004-03-31 | 7.12% |
| 2003-12-31 | 7.42% |
| 2003-09-30 | 9.19% |
| 2003-06-30 | 8.23% |
| 2003-03-31 | 8.45% |
| 2002-12-31 | 4.12% |
| 2002-09-30 | 11.40% |
