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 21.53% is in line with its 5-year average of 20.83%, around the middle of its 5-year range (13.35%–29.40%).
0.60% above its 12-month average of 21.40%.
Reported quarterly operating margin; no daily interpolation. Q2 FY2026 (2026-06-30): 20.31%.
OPERATING MARGIN
21.53%
OPERATING MARGIN AVG TTM
21.40%
OPERATING MARGIN AVG 3Y
21.61%
OPERATING MARGIN AVG 5Y
20.83%
OPERATING MARGIN AVG 10Y
20.12%
OPERATING MARGIN AVG 15Y
20.78%
OPERATING MARGIN AVG 20Y
19.93%
CURRENT VS TTM AVG
+0.60%
CURRENT VS 3Y AVG
-0.36%
CURRENT VS 5Y AVG
+3.34%
CURRENT VS 10Y AVG
+7.00%
CURRENT VS 15Y AVG
+3.61%
CURRENT VS 20Y AVG
+8.05%
SECTOR MEDIAN · UTILITIES
20.88%
median of 58 covered companies
CURRENT VS SECTOR MEDIAN
+3.09%
vs the sector median at left
Market Cap
$2.36B
Operating Margin
N/A
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$2.66B
Operating Margin
22.02%
TTM Avg
22.28%
3Y Avg
21.26%
5Y Avg
20.80%
Market Cap
$1.98B
Operating Margin
31.63%
TTM Avg
23.98%
3Y Avg
19.88%
5Y Avg
19.61%
Market Cap
$2.97B
Operating Margin
18.76%
TTM Avg
16.91%
3Y Avg
14.91%
5Y Avg
15.52%
Market Cap
$3.20B
Operating Margin
6.00%
TTM Avg
5.68%
3Y Avg
1.32%
5Y Avg
1.32%
Market Cap
$1.47B
Operating Margin
-4.05%
TTM Avg
-0.53%
3Y Avg
-7.30%
5Y Avg
-8.75%
Market Cap
$1.01B
Operating Margin
29.22%
TTM Avg
27.83%
3Y Avg
27.10%
5Y Avg
26.34%
Market Cap
$979.97M
Operating Margin
-0.08%
TTM Avg
-16.22%
3Y Avg
-7.63%
5Y Avg
0.99%
| NAME | MARKET CAP | OPERATING MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| H2O America (HTO) | $2.46B | 21.53% | 21.40% | 21.61% | 20.83% |
| newcleo plc Ordinary Shares (NWCL)vs › | $2.36B | N/A | N/A | N/A | N/A |
| MGE Energy, Inc. (MGEE)vs › | $2.66B | 22.02% | 22.28% | 21.26% | 20.80% |
| Northwest Natural Holding Company (NWN)vs › | $1.98B | 31.63% | 23.98% | 19.88% | 19.61% |
| Avista Corporation (AVA)vs › | $2.97B | 18.76% | 16.91% | 14.91% | 15.52% |
| SOLV Energy, Inc. Class A Common Stock (MWH)vs › | $3.20B | 6.00% | 5.68% | 1.32% | 1.32% |
| Fluence Energy, Inc. (FLNC)vs › | $1.47B | -4.05% | -0.53% | -7.30% | -8.75% |
| Middlesex Water Company (MSEX)vs › | $1.01B | 29.22% | 27.83% | 27.10% | 26.34% |
| XPLR Infrastructure, LP (XIFR)vs › | $979.97M | -0.08% | -16.22% | -7.63% | 0.99% |
| Fervo Energy Company (FRVO)vs › | $3.98B | -35366.67% | -35366.67% | -35366.67% | -35366.67% |
Gross Margin
46.7%
Operating Margin
21.5%
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 | 20.31% |
| 2026-03-31 | 20.42% |
| 2025-12-31 | 17.28% |
| 2025-09-30 | 26.87% |
| 2025-06-30 | 22.13% |
| 2025-03-31 | 21.42% |
| 2024-12-31 | 22.07% |
| 2024-09-30 | 25.93% |
| 2024-06-30 | 23.03% |
| 2024-03-31 | 18.69% |
| 2023-12-31 | 21.30% |
| 2023-09-30 | 27.63% |
| 2023-06-30 | 19.86% |
| 2023-03-31 | 18.34% |
| 2022-12-31 | 29.40% |
| 2022-09-30 | 21.37% |
| 2022-06-30 | 17.71% |
| 2022-03-31 | 13.35% |
| 2021-12-31 | 22.66% |
| 2021-09-30 | 20.23% |
| 2021-06-30 | 21.44% |
| 2021-03-31 | 11.39% |
| 2020-12-31 | 17.90% |
| 2020-09-30 | 25.25% |
| 2020-06-30 | 24.50% |
| 2020-03-31 | 13.33% |
| 2019-12-31 | 4.78% |
| 2019-09-30 | 14.99% |
| 2019-06-30 | 21.34% |
| 2019-03-31 | 15.97% |
| 2018-12-31 | 17.71% |
| 2018-09-30 | 20.69% |
| 2018-06-30 | 23.01% |
| 2018-03-31 | 9.77% |
| 2017-12-31 | 19.47% |
| 2017-09-30 | 31.46% |
| 2017-06-30 | 31.17% |
| 2017-03-31 | 16.95% |
| 2016-12-31 | 20.67% |
| 2016-09-30 | 32.35% |
| 2016-06-30 | 34.27% |
| 2016-03-31 | 17.31% |
| 2015-12-31 | 36.16% |
| 2015-09-30 | 22.01% |
| 2015-06-30 | 23.77% |
| 2015-03-31 | 20.62% |
| 2014-12-31 | 22.50% |
| 2014-09-30 | 47.13% |
| 2014-06-30 | 17.23% |
| 2014-03-31 | 11.09% |
| 2013-12-31 | 16.88% |
| 2013-09-30 | 22.70% |
| 2013-06-30 | 22.82% |
| 2013-03-31 | 11.51% |
| 2012-12-31 | 22.59% |
| 2012-09-30 | 25.34% |
| 2012-06-30 | 20.72% |
| 2012-03-31 | 13.15% |
| 2011-12-31 | 26.50% |
| 2011-09-30 | 25.01% |
| 2011-06-30 | 23.36% |
| 2011-03-31 | 12.82% |
| 2010-12-31 | 7.47% |
| 2010-09-30 | 25.48% |
| 2010-06-30 | 20.96% |
| 2010-03-31 | 13.21% |
| 2009-12-31 | 12.86% |
| 2009-09-30 | 16.83% |
| 2009-06-30 | 13.80% |
| 2009-03-31 | 8.63% |
| 2008-12-31 | 15.57% |
| 2008-09-30 | 16.49% |
| 2008-06-30 | 15.87% |
| 2008-03-31 | 13.99% |
| 2007-12-31 | 18.24% |
| 2007-09-30 | 24.53% |
| 2007-06-30 | 21.57% |
| 2007-03-31 | 14.90% |
| 2006-12-31 | 21.29% |
| 2006-09-30 | 27.76% |
| 2006-06-30 | 27.54% |
| 2006-03-31 | 19.78% |
| 2005-12-31 | 21.11% |
| 2005-09-30 | 29.27% |
| 2005-06-30 | 26.30% |
| 2005-03-31 | 20.42% |
| 2004-12-31 | 32.01% |
| 2004-09-30 | 22.37% |
| 2004-06-30 | 22.94% |
| 2004-03-31 | 16.83% |
| 2003-12-31 | 28.56% |
| 2003-09-30 | 24.16% |
| 2003-06-30 | 24.54% |
| 2003-03-31 | 30.43% |
| 2002-12-31 | 18.30% |
| 2002-09-30 | 24.54% |
