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 41.61% is in line with its 5-year average of 44.69%, near the low end of its 5-year range (35.77%–61.03%).
As of the fiscal period ended Tuesday, June 30, 2026. 3.87% below its 12-month average of 43.28%.
Reported quarterly operating margin; no daily interpolation.
OPERATING MARGIN
41.61%
OPERATING MARGIN AVG TTM
43.28%
OPERATING MARGIN AVG 3Y
46.06%
OPERATING MARGIN AVG 5Y
44.69%
OPERATING MARGIN AVG 10Y
42.58%
OPERATING MARGIN AVG 15Y
38.53%
OPERATING MARGIN AVG 20Y
N/A
CURRENT VS TTM AVG
-3.87%
CURRENT VS 3Y AVG
-9.68%
CURRENT VS 5Y AVG
-6.91%
CURRENT VS 10Y AVG
-2.29%
CURRENT VS 15Y AVG
+7.97%
CURRENT VS 20Y AVG
N/A
SECTOR MEDIAN · ENERGY
17.49%
median of 43 covered companies
CURRENT VS SECTOR MEDIAN
+137.89%
vs the sector median at left
Market Cap
$59.28B
Operating Margin
27.68%
TTM Avg
36.30%
3Y Avg
48.86%
5Y Avg
10.01%
Market Cap
$60.97B
Operating Margin
23.01%
TTM Avg
19.63%
3Y Avg
24.70%
5Y Avg
17.59%
Market Cap
$61.88B
Operating Margin
12.92%
TTM Avg
12.49%
3Y Avg
11.06%
5Y Avg
8.98%
Market Cap
$64.20B
Operating Margin
23.13%
TTM Avg
18.91%
3Y Avg
15.82%
5Y Avg
14.84%
Market Cap
$54.01B
Operating Margin
23.86%
TTM Avg
24.34%
3Y Avg
30.59%
5Y Avg
24.82%
Market Cap
$68.99B
Operating Margin
29.04%
TTM Avg
28.73%
3Y Avg
26.70%
5Y Avg
27.54%
Market Cap
$72.92B
Operating Margin
10.60%
TTM Avg
11.23%
3Y Avg
10.41%
5Y Avg
10.39%
| NAME | MARKET CAP | OPERATING MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| MPLX Lp (MPLX) | $59.27B | 41.61% | 43.28% | 46.06% | 44.69% |
| Diamondback Energy, Inc. (FANG)vs › | $59.28B | 27.68% | 36.30% | 48.86% | 10.01% |
| ONEOK, Inc. (OKE)vs › | $58.81B | 18.48% | 21.96% | 20.06% | 19.87% |
| Occidental Petroleum Corporation (OXY)vs › | $60.97B | 23.01% | 19.63% | 24.70% | 17.59% |
| Baker Hughes Company (BKR)vs › | $61.88B | 12.92% | 12.49% | 11.06% | 8.98% |
| Targa Resources Corp. (TRGP)vs › | $64.20B | 23.13% | 18.91% | 15.82% | 14.84% |
| Devon Energy Corporation (DVN)vs › | $54.01B | 23.86% | 24.34% | 30.59% | 24.82% |
| Kinder Morgan, Inc. (KMI)vs › | $68.99B | 29.04% | 28.73% | 26.70% | 27.54% |
| Energy Transfer LP (ET)vs › | $72.92B | 10.60% | 11.23% | 10.41% | 10.39% |
| Cameco Corporation (CCJ)vs › | $44.65B | 14.57% | 16.48% | 11.17% | 5.18% |
Gross Margin
52.2%
Operating Margin
41.6%
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 | 41.61% |
| 2026-03-31 | 35.77% |
| 2025-12-31 | 42.88% |
| 2025-09-30 | 49.77% |
| 2025-06-30 | 46.38% |
| 2025-03-31 | 47.32% |
| 2024-12-31 | 47.29% |
| 2024-09-30 | 45.93% |
| 2024-06-30 | 52.87% |
| 2024-03-31 | 48.04% |
| 2023-12-31 | 51.40% |
| 2023-09-30 | 42.52% |
| 2023-06-30 | 47.08% |
| 2023-03-31 | 46.92% |
| 2022-12-31 | 42.38% |
| 2022-09-30 | 61.03% |
| 2022-06-30 | 39.95% |
| 2022-03-31 | 42.38% |
| 2021-12-31 | 40.71% |
| 2021-09-30 | 42.22% |
| 2021-06-30 | 40.50% |
| 2021-03-31 | 43.48% |
| 2020-12-31 | 43.62% |
| 2020-09-30 | 42.07% |
| 2020-06-30 | 44.68% |
| 2020-03-31 | -117.76% |
| 2019-12-31 | -15.41% |
| 2019-09-30 | 43.03% |
| 2019-06-30 | 42.22% |
| 2019-03-31 | 42.78% |
| 2018-12-31 | 40.98% |
| 2018-09-30 | 41.51% |
| 2018-06-30 | 40.45% |
| 2018-03-31 | 41.82% |
| 2017-12-31 | 33.07% |
| 2017-09-30 | 33.33% |
| 2017-06-30 | 31.50% |
| 2017-03-31 | 30.96% |
| 2016-12-31 | 28.47% |
| 2016-09-30 | 31.97% |
| 2016-06-30 | 16.93% |
| 2016-03-31 | 8.10% |
| 2015-12-31 | 19.49% |
| 2015-09-30 | 34.87% |
| 2015-06-30 | 42.49% |
| 2015-03-31 | 40.44% |
| 2014-12-31 | 29.19% |
| 2014-09-30 | 33.82% |
| 2014-06-30 | 34.94% |
| 2014-03-31 | 43.08% |
| 2013-12-31 | 30.70% |
| 2013-09-30 | 33.67% |
| 2013-06-30 | 30.32% |
| 2013-03-31 | 32.30% |
| 2012-12-31 | 39.13% |
| 2012-09-30 | 31.24% |
| 2012-06-30 | 27.94% |
| 2012-03-31 | 35.79% |
| 2011-12-31 | 23.63% |
| 2011-09-30 | 35.77% |
| 2011-06-30 | 30.84% |
| 2011-03-31 | 38.77% |
