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 15.95% is in line with its 5-year average of 17.55%, around the middle of its 5-year range (10.75%–21.37%).
As of the fiscal period ended Friday, April 24, 2026. 8.71% below its 12-month average of 17.47%.
Reported quarterly operating margin; no daily interpolation.
OPERATING MARGIN
15.95%
OPERATING MARGIN AVG TTM
17.47%
OPERATING MARGIN AVG 3Y
17.27%
OPERATING MARGIN AVG 5Y
17.89%
OPERATING MARGIN AVG 10Y
18.38%
OPERATING MARGIN AVG 15Y
20.52%
OPERATING MARGIN AVG 20Y
22.46%
CURRENT VS TTM AVG
-8.71%
CURRENT VS 3Y AVG
-7.64%
CURRENT VS 5Y AVG
-10.86%
CURRENT VS 10Y AVG
-13.23%
CURRENT VS 15Y AVG
-22.29%
CURRENT VS 20Y AVG
-29.00%
SECTOR MEDIAN · HEALTHCARE
15.48%
median of 79 covered companies
CURRENT VS SECTOR MEDIAN
+3.02%
vs the sector median at left
Medtronic plc
Market Cap
$109.30B
Operating Margin
15.95%
TTM Avg
17.47%
3Y Avg
17.27%
5Y Avg
17.89%
Market Cap
$100.24B
Operating Margin
1.58%
TTM Avg
1.41%
3Y Avg
1.42%
5Y Avg
1.37%
Market Cap
$121.09B
Operating Margin
38.97%
TTM Avg
18.66%
3Y Avg
31.09%
5Y Avg
34.52%
Market Cap
$124.82B
Operating Margin
31.28%
TTM Avg
28.70%
3Y Avg
26.89%
5Y Avg
27.25%
Market Cap
$124.86B
Operating Margin
22.03%
TTM Avg
20.93%
3Y Avg
20.75%
5Y Avg
21.02%
Market Cap
$87.16B
Operating Margin
15.48%
TTM Avg
15.38%
3Y Avg
15.15%
5Y Avg
15.20%
Market Cap
$131.47B
Operating Margin
23.69%
TTM Avg
20.95%
3Y Avg
17.06%
5Y Avg
15.08%
| NAME | MARKET CAP | OPERATING MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Medtronic plc (MDT) | $109.30B | 15.95% | 17.47% | 17.27% | 17.89% |
| GSK plc (GSK)vs › | $103.56B | 25.65% | 19.17% | 20.63% | 20.79% |
| McKesson Corporation (MCK)vs › | $100.24B | 1.58% | 1.41% | 1.42% | 1.37% |
| Vertex Pharmaceuticals Incorporated (VRTX)vs › | $121.09B | 38.97% | 18.66% | 31.09% | 34.52% |
| Intuitive Surgical, Inc. (ISRG)vs › | $124.82B | 31.28% | 28.70% | 26.89% | 27.25% |
| Stryker Corporation (SYK)vs › | $124.86B | 22.03% | 20.93% | 20.75% | 21.02% |
| HCA Healthcare, Inc. (HCA)vs › | $87.16B | 15.48% | 15.38% | 15.15% | 15.20% |
| AstraZeneca PLC (AZN)vs › | $131.47B | 23.69% | 20.95% | 17.06% | 15.08% |
| CVS Health Corp. (CVS)vs › | $133.25B | 1.46% | 2.43% | 2.79% | 3.48% |
| Bristol-Myers Squibb Company (BMY)vs › | $133.37B | 28.27% | 23.17% | 21.31% | 19.39% |
Gross Margin
65.0%
Operating Margin
15.9%
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 |
|---|---|
| 2026-04-24 | 15.95% |
| 2026-01-23 | 19.66% |
| 2025-10-24 | 18.80% |
| 2025-07-25 | 16.85% |
| 2025-04-25 | 16.09% |
| 2025-01-24 | 19.85% |
| 2024-10-25 | 18.98% |
| 2024-07-26 | 16.15% |
| 2024-04-26 | 12.26% |
| 2024-01-26 | 18.33% |
| 2023-10-27 | 16.78% |
| 2023-07-28 | 16.46% |
| 2023-04-30 | 18.32% |
| 2023-01-27 | 18.01% |
| 2022-10-28 | 18.51% |
| 2022-07-29 | 15.26% |
| 2022-04-30 | 20.66% |
| 2022-01-28 | 21.37% |
| 2021-10-29 | 19.92% |
| 2021-07-30 | 10.75% |
| 2021-04-30 | 19.60% |
| 2021-01-29 | 16.42% |
| 2020-10-30 | 12.16% |
| 2020-07-31 | 10.34% |
| 2020-04-30 | 5.27% |
| 2020-01-24 | 21.24% |
| 2019-10-25 | 17.53% |
| 2019-07-26 | 19.82% |
| 2019-04-30 | 23.89% |
| 2019-01-25 | 20.43% |
| 2018-10-26 | 20.64% |
| 2018-07-27 | 16.74% |
| 2018-04-30 | 23.76% |
| 2018-01-26 | 19.49% |
| 2017-10-27 | 26.87% |
| 2017-07-28 | 18.70% |
| 2017-04-30 | 20.60% |
| 2017-01-27 | 15.75% |
| 2016-10-28 | 18.86% |
| 2016-07-29 | 16.29% |
| 2016-04-30 | 19.89% |
| 2016-01-29 | 19.54% |
| 2015-10-30 | 18.42% |
| 2015-07-31 | 15.55% |
| 2015-04-30 | 13.55% |
| 2015-01-23 | 29.53% |
| 2014-10-31 | 23.59% |
| 2014-07-31 | 25.46% |
| 2014-04-30 | 29.02% |
| 2014-01-31 | 27.98% |
| 2013-10-31 | 27.97% |
| 2013-07-31 | 28.29% |
| 2013-04-30 | 30.70% |
| 2013-01-31 | 28.46% |
| 2012-10-31 | 27.57% |
| 2012-07-31 | 28.09% |
| 2012-04-30 | 37.93% |
| 2012-01-31 | 28.10% |
| 2011-10-31 | 29.55% |
| 2011-07-31 | 28.82% |
| 2011-04-30 | 44.84% |
| 2011-01-31 | 27.27% |
| 2010-10-31 | 28.13% |
| 2010-07-31 | 29.92% |
| 2010-04-30 | 31.34% |
| 2010-01-31 | 26.15% |
| 2009-10-31 | 30.33% |
| 2009-07-31 | 17.52% |
| 2009-04-30 | 21.39% |
| 2009-01-31 | 28.68% |
| 2008-10-31 | 19.30% |
| 2008-07-31 | 28.55% |
| 2008-04-30 | 32.93% |
| 2008-01-31 | 29.34% |
| 2007-10-31 | 28.14% |
| 2007-07-31 | 30.03% |
| 2007-04-30 | 31.46% |
| 2007-01-31 | 30.91% |
| 2006-10-31 | 30.05% |
| 2006-07-31 | 30.45% |
| 2006-04-30 | 33.61% |
| 2006-01-31 | 32.17% |
| 2005-10-31 | 32.26% |
| 2005-07-31 | 33.12% |
| 2005-04-30 | 34.80% |
| 2005-01-31 | 34.37% |
| 2004-10-31 | 33.77% |
| 2004-07-31 | 33.95% |
| 2004-04-30 | 35.71% |
| 2004-01-31 | 35.05% |
| 2003-10-31 | 31.41% |
| 2003-07-31 | 34.32% |
| 2003-04-30 | 35.78% |
| 2003-01-31 | 34.66% |
| 2002-10-31 | 33.75% |
| 2002-07-31 | 34.09% |
