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 19.01% is in line with its 5-year average of 18.63%, around the middle of its 5-year range (-49.74%–86.44%).
1.81% above its 12-month average of 18.67%.
Reported quarterly operating margin; no daily interpolation.
OPERATING MARGIN
19.01%
OPERATING MARGIN AVG TTM
18.67%
OPERATING MARGIN AVG 3Y
19.23%
OPERATING MARGIN AVG 5Y
18.63%
OPERATING MARGIN AVG 10Y
20.82%
OPERATING MARGIN AVG 15Y
21.61%
OPERATING MARGIN AVG 20Y
21.74%
CURRENT VS TTM AVG
+1.81%
CURRENT VS 3Y AVG
-1.16%
CURRENT VS 5Y AVG
+2.04%
CURRENT VS 10Y AVG
-8.70%
CURRENT VS 15Y AVG
-12.03%
CURRENT VS 20Y AVG
-12.54%
SECTOR MEDIAN · INDUSTRIALS
11.95%
median of 154 covered companies
CURRENT VS SECTOR MEDIAN
+59.15%
vs the sector median at left
Market Cap
$86.90B
Operating Margin
7.31%
TTM Avg
9.21%
3Y Avg
10.43%
5Y Avg
10.75%
Market Cap
$87.53B
Operating Margin
18.54%
TTM Avg
18.55%
3Y Avg
18.32%
5Y Avg
17.72%
Market Cap
$85.59B
Operating Margin
20.11%
TTM Avg
17.42%
3Y Avg
17.53%
5Y Avg
16.97%
Market Cap
$91.53B
Operating Margin
34.15%
TTM Avg
34.49%
3Y Avg
36.59%
5Y Avg
38.09%
Market Cap
$80.52B
Operating Margin
36.84%
TTM Avg
36.40%
3Y Avg
36.38%
5Y Avg
38.09%
Market Cap
$80.22B
Operating Margin
23.14%
TTM Avg
22.98%
3Y Avg
21.99%
5Y Avg
21.27%
Market Cap
$93.88B
Operating Margin
6.20%
TTM Avg
5.71%
3Y Avg
5.61%
5Y Avg
5.56%
Market Cap
$77.71B
Operating Margin
26.50%
TTM Avg
26.55%
3Y Avg
25.49%
5Y Avg
24.82%
| NAME | MARKET CAP | OPERATING MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| 3M Company (MMM) | $86.93B | 19.01% | 18.67% | 19.23% | 18.63% |
| United Parcel Service, Inc. (UPS)vs › | $86.90B | 7.31% | 9.21% | 10.43% | 10.75% |
| Waste Management, Inc. (WM)vs › | $87.53B | 18.54% | 18.55% | 18.32% | 17.72% |
| Emerson Electric Co. (EMR)vs › | $85.59B | 20.11% | 17.42% | 17.53% | 16.97% |
| CSX Corporation (CSX)vs › | $91.53B | 34.15% | 34.49% | 36.59% | 38.09% |
| Canadian Pacific Kansas City Ltd. (CP)vs › | $80.52B | 36.84% | 36.40% | 36.38% | 38.09% |
| Cintas Corporation (CTAS)vs › | $80.22B | 23.14% | 22.98% | 21.99% | 21.27% |
| Quanta Services, Inc. (PWR)vs › | $93.88B | 6.20% | 5.71% | 5.61% | 5.56% |
| Illinois Tool Works Inc. (ITW)vs › | $77.71B | 26.50% | 26.55% | 25.49% | 24.82% |
| Cummins Inc. (CMI)vs › | $77.38B | 11.13% | 11.24% | 9.52% | 10.13% |
Gross Margin
39.4%
Operating Margin
19.0%
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 | 15.14% |
| 2026-03-31 | 23.17% |
| 2025-12-31 | 12.95% |
| 2025-09-30 | 24.74% |
| 2025-06-30 | 17.37% |
| 2025-03-31 | 20.46% |
| 2024-12-31 | 18.19% |
| 2024-09-30 | 21.18% |
| 2024-06-30 | 20.42% |
| 2024-03-31 | 20.41% |
| 2023-12-31 | 86.44% |
| 2023-09-30 | -49.74% |
| 2023-06-30 | 17.56% |
| 2023-03-31 | 15.59% |
| 2022-12-31 | 10.16% |
| 2022-09-30 | 16.74% |
| 2022-06-30 | 1.60% |
| 2022-03-31 | 18.91% |
| 2021-12-31 | 19.03% |
| 2021-09-30 | 20.72% |
| 2021-06-30 | 22.60% |
| 2021-03-31 | 22.78% |
| 2020-12-31 | 21.48% |
| 2020-09-30 | 22.57% |
| 2020-06-30 | 18.42% |
| 2020-03-31 | 20.24% |
| 2019-12-31 | 20.08% |
| 2019-09-30 | 23.48% |
| 2019-06-30 | 21.86% |
| 2019-03-31 | 21.19% |
| 2018-12-31 | 22.53% |
| 2018-09-30 | 25.04% |
| 2018-06-30 | 22.86% |
| 2018-03-31 | 23.19% |
| 2017-12-31 | 20.41% |
| 2017-09-30 | 24.55% |
| 2017-06-30 | 21.49% |
| 2017-03-31 | 22.46% |
| 2016-12-31 | 21.83% |
| 2016-09-30 | 24.40% |
| 2016-06-30 | 24.35% |
| 2016-03-31 | 24.13% |
| 2015-12-31 | 20.55% |
| 2015-09-30 | 24.33% |
| 2015-06-30 | 23.94% |
| 2015-03-31 | 22.83% |
| 2014-12-31 | 21.53% |
| 2014-09-30 | 23.36% |
| 2014-06-30 | 22.82% |
| 2014-03-31 | 21.91% |
| 2013-12-31 | 20.86% |
| 2013-09-30 | 21.97% |
| 2013-06-30 | 21.96% |
| 2013-03-31 | 21.56% |
| 2012-12-31 | 19.53% |
| 2012-09-30 | 22.38% |
| 2012-06-30 | 22.94% |
| 2012-03-31 | 21.83% |
| 2011-12-31 | 19.24% |
| 2011-09-30 | 20.99% |
| 2011-06-30 | 21.55% |
| 2011-03-31 | 21.58% |
| 2010-12-31 | 19.39% |
| 2010-09-30 | 22.93% |
| 2010-06-30 | 23.71% |
| 2010-03-31 | 22.76% |
| 2009-12-31 | 21.92% |
| 2009-09-30 | 23.87% |
| 2009-06-30 | 20.83% |
| 2009-03-31 | 15.78% |
| 2008-12-31 | 13.70% |
| 2008-09-30 | 23.07% |
| 2008-06-30 | 21.50% |
| 2008-03-31 | 23.22% |
| 2007-12-31 | 20.46% |
| 2007-09-30 | 23.07% |
| 2007-06-30 | 22.75% |
| 2007-03-31 | 35.39% |
| 2006-12-31 | 31.30% |
| 2006-09-30 | 22.91% |
| 2006-06-30 | 20.66% |
| 2006-03-31 | 24.47% |
| 2005-12-31 | 22.76% |
| 2005-09-30 | 23.97% |
| 2005-06-30 | 24.23% |
| 2005-03-31 | 23.69% |
| 2004-12-31 | 21.45% |
| 2004-09-30 | 23.81% |
| 2004-06-30 | 23.66% |
| 2004-03-31 | 22.62% |
| 2003-12-31 | 19.97% |
| 2003-09-30 | 22.31% |
| 2003-06-30 | 20.96% |
| 2003-03-31 | 18.09% |
| 2002-12-31 | 19.24% |
| 2002-09-30 | 20.54% |
