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 27.02% is 22% below its 5-year average of 34.48%, near the high end of its 5-year range (-115.06%–74.84%).
31.70% below its 12-month average of 39.56%.
Reported quarterly operating margin; no daily interpolation. Q2 FY2026 (2026-06-30): 74.84%.
OPERATING MARGIN
27.02%
OPERATING MARGIN AVG TTM
39.56%
OPERATING MARGIN AVG 3Y
33.24%
OPERATING MARGIN AVG 5Y
34.48%
OPERATING MARGIN AVG 10Y
28.43%
OPERATING MARGIN AVG 15Y
0.22%
OPERATING MARGIN AVG 20Y
-1.32%
CURRENT VS TTM AVG
-31.70%
CURRENT VS 3Y AVG
-18.72%
CURRENT VS 5Y AVG
-21.64%
CURRENT VS 10Y AVG
-4.97%
CURRENT VS 15Y AVG
+11995.16%
CURRENT VS 20Y AVG
+2148.02%
SECTOR MEDIAN · ENERGY
18.55%
median of 53 covered companies
CURRENT VS SECTOR MEDIAN
+45.66%
vs the sector median at left
Cheniere Energy, Inc.
Market Cap
$56.57B
Operating Margin
27.02%
TTM Avg
39.56%
3Y Avg
33.24%
5Y Avg
34.48%
Market Cap
$55.59B
Operating Margin
12.92%
TTM Avg
12.49%
3Y Avg
11.06%
5Y Avg
8.98%
Market Cap
$57.77B
Operating Margin
23.01%
TTM Avg
19.63%
3Y Avg
24.70%
5Y Avg
17.59%
Market Cap
$60.47B
Operating Margin
23.13%
TTM Avg
18.91%
3Y Avg
15.82%
5Y Avg
14.84%
Market Cap
$52.41B
Operating Margin
23.86%
TTM Avg
24.34%
3Y Avg
30.59%
5Y Avg
24.82%
Market Cap
$51.96B
Operating Margin
27.68%
TTM Avg
36.30%
3Y Avg
48.86%
5Y Avg
10.01%
Market Cap
$61.49B
Operating Margin
46.09%
TTM Avg
43.13%
3Y Avg
42.95%
5Y Avg
43.43%
| NAME | MARKET CAP | OPERATING MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Cheniere Energy, Inc. (LNG) | $56.57B | 27.02% | 39.56% | 33.24% | 34.48% |
| MPLX Lp (MPLX)vs › | $57.21B | 42.91% | 44.40% | 45.59% | 37.76% |
| Baker Hughes Company (BKR)vs › | $55.59B | 12.92% | 12.49% | 11.06% | 8.98% |
| ONEOK, Inc. (OKE)vs › | $55.38B | 18.48% | 21.96% | 20.06% | 19.87% |
| Occidental Petroleum Corporation (OXY)vs › | $57.77B | 23.01% | 19.63% | 24.70% | 17.59% |
| Targa Resources Corp. (TRGP)vs › | $60.47B | 23.13% | 18.91% | 15.82% | 14.84% |
| Devon Energy Corporation (DVN)vs › | $52.41B | 23.86% | 24.34% | 30.59% | 24.82% |
| Diamondback Energy, Inc. (FANG)vs › | $51.96B | 27.68% | 36.30% | 48.86% | 10.01% |
| TC Energy Corporation (TRP)vs › | $61.49B | 46.09% | 43.13% | 42.95% | 43.43% |
| Kinder Morgan, Inc. (KMI)vs › | $69.19B | 29.04% | 28.73% | 26.70% | 27.54% |
Gross Margin
29.0%
Operating Margin
27.0%
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 |
|---|---|
| 2026-06-30 | 74.84% |
| 2026-03-31 | 29.67% |
| 2025-12-31 | 29.47% |
| 2025-09-30 | 40.91% |
| 2025-06-30 | 22.91% |
| 2025-03-31 | 28.36% |
| 2024-12-31 | 28.56% |
| 2024-09-30 | 31.37% |
| 2024-06-30 | 29.27% |
| 2024-03-31 | 33.64% |
| 2023-12-31 | -115.06% |
| 2023-09-30 | 65.78% |
| 2023-06-30 | 58.27% |
| 2023-03-31 | 46.17% |
| 2022-12-31 | 33.19% |
| 2022-09-30 | 29.67% |
| 2022-06-30 | 30.51% |
| 2022-03-31 | 38.69% |
| 2021-12-31 | 32.34% |
| 2021-09-30 | 26.36% |
| 2021-06-30 | 51.31% |
| 2021-03-31 | 36.39% |
| 2020-12-31 | 25.97% |
| 2020-09-30 | 10.55% |
| 2020-06-30 | 41.28% |
| 2020-03-31 | 26.88% |
| 2019-12-31 | 24.24% |
| 2019-09-30 | 25.50% |
| 2019-06-30 | 15.01% |
| 2019-03-31 | 20.08% |
| 2018-12-31 | 21.28% |
| 2018-09-30 | 24.73% |
| 2018-06-30 | 25.14% |
| 2018-03-31 | 36.01% |
| 2017-12-31 | 24.68% |
| 2017-09-30 | 23.47% |
| 2017-06-30 | 22.03% |
| 2017-03-31 | 31.05% |
| 2016-12-31 | 21.41% |
| 2016-09-30 | 3.23% |
| 2016-06-30 | -42.94% |
| 2016-03-31 | -131.88% |
| 2015-12-31 | -352.35% |
| 2015-09-30 | -78.83% |
| 2015-06-30 | -140.94% |
| 2015-03-31 | -88.12% |
| 2014-12-31 | -155.36% |
| 2014-09-30 | -91.55% |
| 2014-06-30 | -91.85% |
| 2014-03-31 | -70.48% |
| 2013-12-31 | -119.51% |
| 2013-09-30 | -67.75% |
| 2013-06-30 | -202.86% |
| 2013-03-31 | -102.35% |
| 2012-12-31 | -23.61% |
| 2012-09-30 | -82.60% |
| 2012-06-30 | -9.82% |
| 2012-03-31 | 1.02% |
| 2011-12-31 | 10.70% |
| 2011-09-30 | 15.73% |
| 2011-06-30 | 22.61% |
| 2011-03-31 | 29.74% |
| 2010-12-31 | 35.12% |
| 2010-09-30 | 32.80% |
| 2010-06-30 | 36.16% |
| 2010-03-31 | 39.04% |
| 2009-12-31 | 49.44% |
| 2009-09-30 | 32.40% |
| 2009-06-30 | 0.85% |
| 2009-03-31 | -3028.18% |
| 2008-12-31 | -9680.25% |
| 2008-09-30 | -954.76% |
| 2008-06-30 | -11320.24% |
| 2008-03-31 | -2597.49% |
| 2007-12-31 | -7314.73% |
| 2007-09-30 | -11998.48% |
| 2007-06-30 | -1479.37% |
| 2007-03-31 | -3578.37% |
| 2006-12-31 | -3389.74% |
| 2006-09-30 | -2371.23% |
| 2006-06-30 | -2118.40% |
| 2006-03-31 | -5347.63% |
| 2005-12-31 | -2389.42% |
| 2005-09-30 | -1455.01% |
| 2005-06-30 | -1611.61% |
| 2005-03-31 | -1421.98% |
| 2004-12-31 | -1043.58% |
| 2004-09-30 | -1183.87% |
| 2004-06-30 | -2187.16% |
| 2004-03-31 | -2174.10% |
| 2003-12-31 | -1391.02% |
| 2003-09-30 | -2162.41% |
| 2003-06-30 | -977.53% |
| 2003-03-31 | -783.46% |
| 2002-12-31 | 2274.59% |
| 2002-09-30 | -6718.80% |
