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 2.33% is 73% above its 5-year average of 1.35%, near the high end of its 5-year range (0.47%–2.33%).
As of the fiscal period ended Tuesday, March 31, 2026. 56.00% above its 12-month average of 1.50%.
Reported quarterly operating margin; no daily interpolation.
OPERATING MARGIN
2.33%
OPERATING MARGIN AVG TTM
1.50%
OPERATING MARGIN AVG 3Y
1.28%
OPERATING MARGIN AVG 5Y
1.30%
OPERATING MARGIN AVG 10Y
1.40%
OPERATING MARGIN AVG 15Y
1.55%
OPERATING MARGIN AVG 20Y
1.54%
CURRENT VS TTM AVG
+56.00%
CURRENT VS 3Y AVG
+82.51%
CURRENT VS 5Y AVG
+79.42%
CURRENT VS 10Y AVG
+67.08%
CURRENT VS 15Y AVG
+50.85%
CURRENT VS 20Y AVG
+51.18%
SECTOR MEDIAN · HEALTHCARE
15.01%
median of 79 covered companies
CURRENT VS SECTOR MEDIAN
-84.45%
vs the sector median at left
McKesson Corporation
Market Cap
$99.42B
Operating Margin
2.33%
TTM Avg
1.50%
3Y Avg
1.28%
5Y Avg
1.30%
Market Cap
$87.35B
Operating Margin
15.48%
TTM Avg
15.38%
3Y Avg
15.15%
5Y Avg
15.20%
Market Cap
$82.54B
Operating Margin
3.51%
TTM Avg
4.55%
3Y Avg
4.90%
5Y Avg
5.40%
Market Cap
$120.13B
Operating Margin
38.97%
TTM Avg
18.66%
3Y Avg
31.09%
5Y Avg
34.52%
Market Cap
$78.64B
Operating Margin
25.56%
TTM Avg
26.52%
3Y Avg
32.61%
5Y Avg
38.03%
Market Cap
$71.48B
Operating Margin
21.46%
TTM Avg
17.76%
3Y Avg
16.30%
5Y Avg
14.57%
| NAME | MARKET CAP | OPERATING MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| McKesson Corporation (MCK) | $99.42B | 2.33% | 1.50% | 1.28% | 1.30% |
| GSK plc (GSK)vs › | $102.77B | 25.65% | 19.17% | 20.63% | 20.79% |
| Medtronic plc (MDT)vs › | $110.40B | 17.78% | 17.77% | 17.25% | 17.00% |
| HCA Healthcare, Inc. (HCA)vs › | $87.35B | 15.48% | 15.38% | 15.15% | 15.20% |
| Elevance Health Inc. (ELV)vs › | $82.54B | 3.51% | 4.55% | 4.90% | 5.40% |
| Vertex Pharmaceuticals Incorporated (VRTX)vs › | $120.13B | 38.97% | 18.66% | 31.09% | 34.52% |
| Regeneron Pharmaceuticals, Inc. (REGN)vs › | $78.64B | 25.56% | 26.52% | 32.61% | 38.03% |
| Cigna Corporation (CI)vs › | $74.80B | 3.46% | 3.56% | 4.04% | 4.30% |
| Boston Scientific Corporation (BSX)vs › | $71.48B | 21.46% | 17.76% | 16.30% | 14.57% |
| Stryker Corporation (SYK)vs › | $130.01B | 22.03% | 20.93% | 20.75% | 21.02% |
Gross Margin
3.6%
Operating Margin
2.3%
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 | 2.33% |
| 2025-12-31 | 1.53% |
| 2025-09-30 | 1.42% |
| 2025-06-30 | 1.06% |
| 2025-03-31 | 1.14% |
| 2024-12-31 | 1.35% |
| 2024-09-30 | 0.80% |
| 2024-06-30 | 1.34% |
| 2024-03-31 | 1.80% |
| 2023-12-31 | 0.77% |
| 2023-09-30 | 1.16% |
| 2023-06-30 | 1.39% |
| 2023-03-31 | 1.60% |
| 2022-12-31 | 1.62% |
| 2022-09-30 | 1.63% |
| 2022-06-30 | 1.58% |
| 2022-03-31 | 1.19% |
| 2021-12-31 | 0.47% |
| 2021-09-30 | 1.03% |
| 2021-06-30 | 1.28% |
| 2021-03-31 | 1.87% |
| 2020-12-31 | 1.43% |
| 2020-09-30 | 1.32% |
| 2020-06-30 | 1.16% |
| 2020-03-31 | 2.06% |
| 2019-12-31 | 0.84% |
| 2019-09-30 | 1.16% |
| 2019-06-30 | 1.18% |
| 2019-03-31 | 1.68% |
| 2018-12-31 | 1.26% |
| 2018-09-30 | 1.45% |
| 2018-06-30 | 1.17% |
| 2018-03-31 | 1.47% |
| 2017-12-31 | 1.36% |
| 2017-09-30 | 1.58% |
| 2017-06-30 | 1.19% |
| 2017-03-31 | 1.46% |
| 2016-12-31 | 1.81% |
| 2016-09-30 | 1.79% |
| 2016-06-30 | 1.95% |
| 2016-03-31 | 1.59% |
| 2015-12-31 | 1.92% |
| 2015-09-30 | 1.96% |
| 2015-06-30 | 1.96% |
| 2015-03-31 | 1.56% |
| 2014-12-31 | 1.66% |
| 2014-09-30 | 1.76% |
| 2014-06-30 | 1.56% |
| 2014-03-31 | 1.46% |
| 2013-12-31 | 1.41% |
| 2013-09-30 | 2.06% |
| 2013-06-30 | 2.01% |
| 2013-03-31 | 2.09% |
| 2012-12-31 | 1.56% |
| 2012-09-30 | 2.05% |
| 2012-06-30 | 1.88% |
| 2012-03-31 | 2.23% |
| 2011-12-31 | 1.60% |
| 2011-09-30 | 1.58% |
| 2011-06-30 | 1.57% |
| 2011-03-31 | 2.16% |
| 2010-12-31 | 1.09% |
| 2010-09-30 | 1.51% |
| 2010-06-30 | 1.73% |
| 2010-03-31 | 2.15% |
| 2009-12-31 | 1.80% |
| 2009-09-30 | 1.72% |
| 2009-06-30 | 1.72% |
| 2009-03-31 | 1.90% |
| 2008-12-31 | -0.20% |
| 2008-09-30 | 1.43% |
| 2008-06-30 | 1.39% |
| 2008-03-31 | 1.83% |
| 2007-12-31 | 1.06% |
| 2007-09-30 | 1.47% |
| 2007-06-30 | 1.45% |
| 2007-03-31 | 1.52% |
| 2006-12-31 | 1.38% |
| 2006-09-30 | 1.37% |
| 2006-06-30 | 1.15% |
| 2006-03-31 | 1.46% |
| 2005-12-31 | 1.29% |
| 2005-09-30 | 1.06% |
| 2005-06-30 | 1.24% |
| 2005-03-31 | 1.87% |
| 2004-12-31 | -4.65% |
| 2004-09-30 | 0.65% |
| 2004-06-30 | 1.36% |
| 2004-03-31 | 1.92% |
| 2003-12-31 | 0.09% |
| 2003-09-30 | 1.35% |
| 2003-06-30 | 1.52% |
| 2003-03-31 | 1.99% |
| 2002-12-31 | 1.41% |
| 2002-09-30 | 1.61% |
| 2002-06-30 | 1.50% |
