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 27.49% is 12% above its 5-year average of 24.58%, around the middle of its 5-year range (17.00%–37.17%).
As of the fiscal period ended Tuesday, June 30, 2026. 3.59% below its 12-month average of 28.52%.
Reported quarterly operating margin; no daily interpolation.
OPERATING MARGIN
27.49%
OPERATING MARGIN AVG TTM
28.52%
OPERATING MARGIN AVG 3Y
25.98%
OPERATING MARGIN AVG 5Y
24.72%
OPERATING MARGIN AVG 10Y
21.04%
OPERATING MARGIN AVG 15Y
22.44%
OPERATING MARGIN AVG 20Y
21.19%
CURRENT VS TTM AVG
-3.59%
CURRENT VS 3Y AVG
+5.84%
CURRENT VS 5Y AVG
+11.25%
CURRENT VS 10Y AVG
+30.69%
CURRENT VS 15Y AVG
+22.51%
CURRENT VS 20Y AVG
+29.73%
SECTOR MEDIAN · BASIC MATERIALS
14.03%
median of 42 covered companies
CURRENT VS SECTOR MEDIAN
+96.04%
vs the sector median at left
Market Cap
$214.63B
Operating Margin
41.04%
TTM Avg
34.74%
3Y Avg
41.12%
5Y Avg
40.66%
Market Cap
$157.38B
Operating Margin
27.10%
TTM Avg
27.51%
3Y Avg
29.58%
5Y Avg
33.84%
Market Cap
$152.44B
Operating Margin
56.90%
TTM Avg
50.38%
3Y Avg
46.81%
5Y Avg
46.97%
Market Cap
$98.74B
Operating Margin
51.36%
TTM Avg
38.91%
3Y Avg
24.23%
5Y Avg
23.10%
Market Cap
$90.03B
Operating Margin
26.70%
TTM Avg
25.70%
3Y Avg
27.64%
5Y Avg
26.53%
Market Cap
$88.84B
Operating Margin
13.90%
TTM Avg
11.27%
3Y Avg
10.80%
5Y Avg
10.46%
Market Cap
$82.74B
Operating Margin
16.36%
TTM Avg
16.21%
3Y Avg
15.41%
5Y Avg
15.09%
| NAME | MARKET CAP | OPERATING MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Linde plc (LIN) | $221.30B | 27.49% | 28.52% | 25.98% | 24.72% |
| BHP Group Limited (BHP)vs › | $214.63B | 41.04% | 34.74% | 41.12% | 40.66% |
| Rio Tinto Group (RIO)vs › | $157.38B | 27.10% | 27.51% | 29.58% | 33.84% |
| Southern Copper Corporation (SCCO)vs › | $152.44B | 56.90% | 50.38% | 46.81% | 46.97% |
| Newmont Corporation (NEM)vs › | $98.74B | 51.36% | 38.91% | 24.23% | 23.10% |
| Freeport-McMoRan Inc. (FCX)vs › | $90.03B | 26.70% | 25.70% | 27.64% | 26.53% |
| Johnson Controls International plc (JCI)vs › | $88.84B | 13.90% | 11.27% | 10.80% | 10.46% |
| The Sherwin-Williams Company (SHW)vs › | $82.74B | 16.36% | 16.21% | 15.41% | 15.09% |
| Ecolab Inc. (ECL)vs › | $78.14B | 17.37% | 17.36% | 15.04% | 14.65% |
| Air Products and Chemicals, Inc. (APD)vs › | $65.67B | -4.71% | 14.81% | 16.96% | 19.20% |
Gross Margin
43.3%
Operating Margin
27.5%
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 | 27.49% |
| 2026-03-31 | 37.17% |
| 2025-12-31 | 23.03% |
| 2025-09-30 | 27.19% |
| 2025-06-30 | 27.71% |
| 2025-03-31 | 27.38% |
| 2024-12-31 | 26.52% |
| 2024-09-30 | 26.09% |
| 2024-06-30 | 26.39% |
| 2024-03-31 | 25.15% |
| 2023-12-31 | 24.70% |
| 2023-09-30 | 24.99% |
| 2023-06-30 | 25.11% |
| 2023-03-31 | 23.87% |
| 2022-12-31 | 21.72% |
| 2022-09-30 | 22.85% |
| 2022-06-30 | 23.51% |
| 2022-03-31 | 23.20% |
| 2021-12-31 | 17.00% |
| 2021-09-30 | 17.06% |
| 2021-06-30 | 17.97% |
| 2021-03-31 | 16.58% |
| 2020-12-31 | 15.87% |
| 2020-09-30 | 15.26% |
| 2020-06-30 | 13.17% |
| 2020-03-31 | 12.60% |
| 2019-12-31 | 11.84% |
| 2019-09-30 | 13.57% |
| 2019-06-30 | 11.10% |
| 2019-03-31 | 9.79% |
| 2018-12-31 | 3.16% |
| 2018-09-30 | 22.72% |
| 2018-06-30 | 22.86% |
| 2018-03-31 | 22.70% |
| 2017-12-31 | 21.98% |
| 2017-09-30 | 22.21% |
| 2017-06-30 | 21.70% |
| 2017-03-31 | 21.77% |
| 2016-12-31 | 22.16% |
| 2016-09-30 | 21.58% |
| 2016-06-30 | 22.06% |
| 2016-03-31 | 22.08% |
| 2015-12-31 | 24.05% |
| 2015-09-30 | 22.11% |
| 2015-06-30 | 17.53% |
| 2015-03-31 | 22.60% |
| 2014-12-31 | 17.56% |
| 2014-09-30 | 22.61% |
| 2014-06-30 | 22.39% |
| 2014-03-31 | 22.31% |
| 2013-12-31 | 22.92% |
| 2013-09-30 | 22.24% |
| 2013-06-30 | 22.06% |
| 2013-03-31 | 20.78% |
| 2012-12-31 | 22.01% |
| 2012-09-30 | 20.12% |
| 2012-06-30 | 22.63% |
| 2012-03-31 | 22.08% |
| 2011-12-31 | 22.10% |
| 2011-09-30 | 21.82% |
| 2011-06-30 | 21.94% |
| 2011-03-31 | 21.87% |
| 2010-12-31 | 19.25% |
| 2010-09-30 | 21.71% |
| 2010-06-30 | 21.65% |
| 2010-03-31 | 19.73% |
| 2009-12-31 | 21.27% |
| 2009-09-30 | 7.60% |
| 2009-06-30 | 20.91% |
| 2009-03-31 | 20.82% |
| 2008-12-31 | 13.07% |
| 2008-09-30 | 19.07% |
| 2008-06-30 | 18.87% |
| 2008-03-31 | 18.10% |
| 2007-12-31 | 19.18% |
| 2007-09-30 | 19.39% |
| 2007-06-30 | 18.83% |
| 2007-03-31 | 18.53% |
| 2006-12-31 | 18.51% |
| 2006-09-30 | 18.68% |
| 2006-06-30 | 18.40% |
| 2006-03-31 | 17.37% |
| 2005-12-31 | 17.08% |
| 2005-09-30 | 16.77% |
| 2005-06-30 | 16.78% |
| 2005-03-31 | 16.91% |
| 2004-12-31 | 16.18% |
| 2004-09-30 | 16.73% |
| 2004-06-30 | 17.09% |
| 2004-03-31 | 16.98% |
| 2003-12-31 | 16.70% |
| 2003-09-30 | 16.97% |
| 2003-06-30 | 15.92% |
| 2003-03-31 | 16.08% |
| 2002-12-31 | 17.50% |
| 2002-09-30 | 18.19% |
