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 32.56% is 54% above its 5-year average of 21.09%, near the high end of its 5-year range (16.68%–32.56%).
As of the fiscal period ended Tuesday, March 31, 2026. 19.93% above its 12-month average of 27.14%.
Reported quarterly operating margin; no daily interpolation.
OPERATING MARGIN
32.56%
OPERATING MARGIN AVG TTM
27.14%
OPERATING MARGIN AVG 3Y
23.09%
OPERATING MARGIN AVG 5Y
21.09%
OPERATING MARGIN AVG 10Y
16.19%
OPERATING MARGIN AVG 15Y
N/A
OPERATING MARGIN AVG 20Y
N/A
CURRENT VS TTM AVG
+19.93%
CURRENT VS 3Y AVG
+40.96%
CURRENT VS 5Y AVG
+54.38%
CURRENT VS 10Y AVG
+101.02%
CURRENT VS 15Y AVG
N/A
CURRENT VS 20Y AVG
N/A
SECTOR MEDIAN · INDUSTRIALS
13.97%
median of 130 covered companies
CURRENT VS SECTOR MEDIAN
+133.04%
vs the sector median at left
Howmet Aerospace Inc.
Market Cap
$116.43B
Operating Margin
32.56%
TTM Avg
27.14%
3Y Avg
23.09%
5Y Avg
21.09%
Market Cap
$107.07B
Operating Margin
19.12%
TTM Avg
17.88%
3Y Avg
13.21%
5Y Avg
10.99%
Market Cap
$126.93B
Operating Margin
20.87%
TTM Avg
20.02%
3Y Avg
18.67%
5Y Avg
17.65%
Market Cap
$104.97B
Operating Margin
17.94%
TTM Avg
18.13%
3Y Avg
16.94%
5Y Avg
15.73%
Market Cap
$104.07B
Operating Margin
10.32%
TTM Avg
10.12%
3Y Avg
10.24%
5Y Avg
10.45%
Market Cap
$102.81B
Operating Margin
6.20%
TTM Avg
5.71%
3Y Avg
5.61%
5Y Avg
5.56%
Market Cap
$135.11B
Operating Margin
11.88%
TTM Avg
10.09%
3Y Avg
11.35%
5Y Avg
12.04%
Market Cap
$94.18B
Operating Margin
34.15%
TTM Avg
34.49%
3Y Avg
36.59%
5Y Avg
38.09%
| NAME | MARKET CAP | OPERATING MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Howmet Aerospace Inc. (HWM) | $116.43B | 32.56% | 27.14% | 23.09% | 21.09% |
| Vertiv Holdings Co (VRT)vs › | $107.07B | 19.12% | 17.88% | 13.21% | 10.99% |
| Parker-Hannifin Corporation (PH)vs › | $126.93B | 20.87% | 20.02% | 18.67% | 17.65% |
| Trane Technologies plc (TT)vs › | $104.97B | 17.94% | 18.13% | 16.94% | 15.73% |
| General Dynamics Corporation (GD)vs › | $104.07B | 10.32% | 10.12% | 10.24% | 10.45% |
| Quanta Services, Inc. (PWR)vs › | $102.81B | 6.20% | 5.71% | 5.61% | 5.56% |
| Lockheed Martin Corporation (LMT)vs › | $135.11B | 11.88% | 10.09% | 11.35% | 12.04% |
| 3M Company (MMM)vs › | $94.18B | 19.01% | 19.18% | 16.68% | 18.27% |
| CSX Corporation (CSX)vs › | $94.18B | 34.15% | 34.49% | 36.59% | 38.09% |
| Emerson Electric Co. (EMR)vs › | $91.54B | 20.11% | 17.42% | 17.53% | 16.97% |
Gross Margin
32.6%
Operating Margin
32.6%
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 |
|---|---|
| 2026-03-31 | 32.56% |
| 2025-12-31 | 26.61% |
| 2025-09-30 | 25.95% |
| 2025-06-30 | 25.38% |
| 2025-03-31 | 25.23% |
| 2024-12-31 | 24.17% |
| 2024-09-30 | 22.89% |
| 2024-06-30 | 22.34% |
| 2024-03-31 | 20.23% |
| 2023-12-31 | 20.74% |
| 2023-09-30 | 18.58% |
| 2023-06-30 | 17.48% |
| 2023-03-31 | 18.09% |
| 2022-12-31 | 19.23% |
| 2022-09-30 | 17.93% |
| 2022-06-30 | 17.88% |
| 2022-03-31 | 17.90% |
| 2021-12-31 | 18.37% |
| 2021-09-30 | 16.68% |
| 2021-06-30 | 17.49% |
| 2021-03-31 | 17.12% |
| 2020-12-31 | 21.08% |
| 2020-09-30 | 8.99% |
| 2020-06-30 | 14.60% |
| 2020-03-31 | 18.18% |
| 2019-12-31 | 8.38% |
| 2019-09-30 | 17.39% |
| 2019-06-30 | 16.28% |
| 2019-03-31 | 10.90% |
| 2018-12-31 | 8.99% |
| 2018-09-30 | 8.97% |
| 2018-06-30 | 8.70% |
| 2018-03-31 | 9.06% |
| 2017-12-31 | 10.18% |
| 2017-09-30 | 8.96% |
| 2017-06-30 | 9.41% |
| 2017-03-31 | 9.96% |
| 2016-12-31 | 4.93% |
| 2016-09-30 | 8.08% |
| 2016-06-30 | 8.75% |
| 2016-03-31 | 9.36% |
| 2015-12-31 | 5.38% |
| 2015-09-30 | 0.79% |
| 2015-06-30 | 2.37% |
| 2015-03-31 | 3.35% |
| 2014-12-31 | 1.12% |
| 2014-09-30 | 4.22% |
| 2014-06-30 | -1.15% |
| 2014-03-31 | -5.02% |
