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 20.97% is 296% above its 5-year average of 5.30%, near the high end of its 5-year range (-327.98%–68.61%).
0.06% above its 12-month average of 20.96%.
Reported quarterly operating margin; no daily interpolation. Q2 FY2026 (2026-06-28): 21.14%.
OPERATING MARGIN
20.97%
OPERATING MARGIN AVG TTM
20.96%
OPERATING MARGIN AVG 3Y
10.83%
OPERATING MARGIN AVG 5Y
5.30%
OPERATING MARGIN AVG 10Y
16.96%
OPERATING MARGIN AVG 15Y
21.49%
OPERATING MARGIN AVG 20Y
20.68%
CURRENT VS TTM AVG
+0.06%
CURRENT VS 3Y AVG
+93.56%
CURRENT VS 5Y AVG
+295.69%
CURRENT VS 10Y AVG
+23.63%
CURRENT VS 15Y AVG
-2.40%
CURRENT VS 20Y AVG
+1.42%
SECTOR MEDIAN · HEALTHCARE
13.86%
median of 98 covered companies
CURRENT VS SECTOR MEDIAN
+51.35%
vs the sector median at left
Illumina, Inc.
Market Cap
$41.31B
Operating Margin
20.97%
TTM Avg
20.96%
3Y Avg
10.83%
5Y Avg
5.30%
Market Cap
$40.89B
Operating Margin
32.03%
TTM Avg
30.27%
3Y Avg
29.30%
5Y Avg
28.64%
Market Cap
$41.75B
Operating Margin
28.22%
TTM Avg
28.07%
3Y Avg
28.30%
5Y Avg
28.33%
Market Cap
$42.50B
Operating Margin
13.57%
TTM Avg
14.15%
3Y Avg
13.50%
5Y Avg
11.74%
Market Cap
$46.04B
Operating Margin
11.45%
TTM Avg
5.33%
3Y Avg
-0.33%
5Y Avg
-1.99%
Market Cap
$47.38B
Operating Margin
22.23%
TTM Avg
22.07%
3Y Avg
21.88%
5Y Avg
20.79%
Market Cap
$48.72B
Operating Margin
9.83%
TTM Avg
11.84%
3Y Avg
11.67%
5Y Avg
10.68%
Market Cap
$49.03B
Operating Margin
28.09%
TTM Avg
26.16%
3Y Avg
28.11%
5Y Avg
28.79%
| NAME | MARKET CAP | OPERATING MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Illumina, Inc. (ILMN) | $41.31B | 20.97% | 20.96% | 10.83% | 5.30% |
| IDEXX Laboratories, Inc. (IDXX)vs › | $40.89B | 32.03% | 30.27% | 29.30% | 28.64% |
| Waters Corporation (WAT)vs › | $41.75B | 28.22% | 28.07% | 28.30% | 28.33% |
| IQVIA Holdings Inc. (IQV)vs › | $42.50B | 13.57% | 14.15% | 13.50% | 11.74% |
| Teva Pharmaceutical Industries Limited (TEVA)vs › | $46.04B | 11.45% | 5.33% | -0.33% | -1.99% |
| Humana Inc. (HUM)vs › | $46.63B | 1.39% | 1.25% | 2.37% | 3.27% |
| Agilent Technologies, Inc. (A)vs › | $47.38B | 22.23% | 22.07% | 21.88% | 20.79% |
| Becton, Dickinson and Company (BDX)vs › | $48.72B | 9.83% | 11.84% | 11.67% | 10.68% |
| Edwards Lifesciences Corporation (EW)vs › | $49.03B | 28.09% | 26.16% | 28.11% | 28.79% |
| Biogen Inc. (BIIB)vs › | $32.49B | 12.79% | 22.44% | 23.65% | 25.70% |
Gross Margin
66.8%
Operating Margin
21.0%
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 |
|---|---|
| 2026-06-28 | 21.14% |
| 2026-03-29 | 19.16% |
| 2025-12-28 | 22.16% |
| 2025-09-28 | 21.33% |
| 2025-06-29 | 21.00% |
| 2025-03-30 | 17.68% |
| 2024-12-29 | 18.30% |
| 2024-09-29 | 68.61% |
| 2024-06-30 | -147.21% |
| 2024-03-31 | -10.32% |
| 2023-12-31 | -14.62% |
| 2023-10-01 | -67.38% |
| 2023-07-02 | -7.48% |
| 2023-04-02 | -5.89% |
| 2022-12-31 | -11.73% |
| 2022-10-02 | -327.98% |
| 2022-07-03 | -49.83% |
| 2022-04-03 | 15.04% |
| 2021-12-31 | 3.42% |
| 2021-10-03 | -49.19% |
| 2021-07-04 | 16.61% |
| 2021-04-04 | 17.66% |
| 2020-12-31 | 13.96% |
| 2020-09-27 | 20.40% |
| 2020-06-28 | 15.17% |
| 2020-03-29 | 22.00% |
| 2019-12-31 | 28.15% |
| 2019-09-29 | 33.96% |
| 2019-06-30 | 24.46% |
| 2019-03-31 | 24.11% |
| 2018-12-31 | 22.72% |
| 2018-09-30 | 28.25% |
| 2018-07-01 | 27.35% |
| 2018-04-01 | 27.88% |
| 2017-12-31 | 29.56% |
| 2017-10-01 | 25.35% |
| 2017-07-02 | 21.60% |
| 2017-04-02 | 8.70% |
| 2016-12-31 | 23.09% |
| 2016-10-02 | 26.52% |
| 2016-07-03 | 26.99% |
| 2016-04-03 | 21.16% |
| 2015-12-31 | 24.34% |
| 2015-09-27 | 25.58% |
| 2015-06-28 | 28.17% |
| 2015-03-29 | 32.70% |
| 2014-12-31 | 39.60% |
| 2014-09-28 | 24.86% |
| 2014-06-29 | 22.40% |
| 2014-03-30 | 21.89% |
| 2013-12-31 | 19.05% |
| 2013-09-29 | 12.74% |
| 2013-06-30 | 17.34% |
| 2013-03-31 | -13.64% |
| 2012-12-31 | 19.19% |
| 2012-09-30 | 17.08% |
| 2012-07-01 | 15.32% |
| 2012-04-01 | 18.19% |
| 2011-12-31 | 10.92% |
| 2011-10-02 | 15.61% |
| 2011-07-03 | 22.96% |
| 2011-04-03 | 24.56% |
| 2010-12-31 | 26.28% |
| 2010-10-03 | 24.16% |
| 2010-07-04 | 22.37% |
| 2010-04-04 | 19.90% |
| 2009-12-31 | 14.23% |
| 2009-09-27 | 18.50% |
| 2009-06-28 | 22.33% |
| 2009-03-29 | 20.82% |
| 2008-12-31 | 22.42% |
| 2008-09-28 | 1.02% |
| 2008-06-29 | 17.03% |
| 2008-03-30 | 15.57% |
| 2007-12-31 | -29.10% |
| 2007-09-30 | 16.11% |
| 2007-07-01 | 14.49% |
| 2007-04-01 | -410.81% |
| 2006-12-31 | 27.43% |
| 2006-10-01 | 28.53% |
| 2006-07-02 | 15.69% |
| 2006-04-02 | -1.86% |
| 2005-12-31 | 0.07% |
| 2005-10-02 | -7.88% |
| 2005-07-03 | -117.20% |
| 2005-04-03 | -9.10% |
| 2004-12-31 | 20.43% |
| 2004-10-03 | -13.17% |
| 2004-06-27 | -29.02% |
| 2004-03-28 | -31.66% |
| 2003-12-31 | -35.36% |
| 2003-09-28 | -64.76% |
| 2003-06-29 | -178.07% |
| 2003-03-30 | -210.24% |
| 2002-12-31 | -2107.18% |
| 2002-09-29 | 368.54% |
