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 28.69% is in line with its 5-year average of 28.22%, around the middle of its 5-year range (24.84%–32.34%).
1.44% above its 12-month average of 28.28%.
Reported quarterly operating margin; no daily interpolation.
OPERATING MARGIN
28.69%
OPERATING MARGIN AVG TTM
28.28%
OPERATING MARGIN AVG 3Y
28.42%
OPERATING MARGIN AVG 5Y
28.22%
OPERATING MARGIN AVG 10Y
25.89%
OPERATING MARGIN AVG 15Y
23.50%
OPERATING MARGIN AVG 20Y
21.49%
CURRENT VS TTM AVG
+1.44%
CURRENT VS 3Y AVG
+0.94%
CURRENT VS 5Y AVG
+1.68%
CURRENT VS 10Y AVG
+10.83%
CURRENT VS 15Y AVG
+22.09%
CURRENT VS 20Y AVG
+33.48%
SECTOR MEDIAN · HEALTHCARE
14.90%
median of 90 covered companies
CURRENT VS SECTOR MEDIAN
+92.55%
vs the sector median at left
Mettler-Toledo International Inc.
Market Cap
$27.18B
Operating Margin
28.69%
TTM Avg
28.28%
3Y Avg
28.42%
5Y Avg
28.22%
Market Cap
$26.80B
Operating Margin
11.27%
TTM Avg
9.61%
3Y Avg
9.32%
5Y Avg
13.00%
Market Cap
$26.17B
Operating Margin
14.14%
TTM Avg
14.08%
3Y Avg
14.06%
5Y Avg
16.54%
Market Cap
$25.69B
Operating Margin
31.57%
TTM Avg
14.26%
3Y Avg
15.92%
5Y Avg
12.23%
Market Cap
$23.93B
Operating Margin
20.64%
TTM Avg
20.32%
3Y Avg
22.80%
5Y Avg
22.92%
Market Cap
$30.62B
Operating Margin
28.22%
TTM Avg
28.07%
3Y Avg
28.30%
5Y Avg
28.33%
Market Cap
$31.10B
Operating Margin
12.70%
TTM Avg
13.37%
3Y Avg
13.23%
5Y Avg
14.11%
| NAME | MARKET CAP | OPERATING MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Mettler-Toledo International Inc. (MTD) | $27.18B | 28.69% | 28.28% | 28.42% | 28.22% |
| Labcorp Holdings Inc. (LH)vs › | $26.80B | 11.27% | 9.61% | 9.32% | 13.00% |
| Quest Diagnostics Incorporated (DGX)vs › | $26.17B | 14.14% | 14.08% | 14.06% | 16.54% |
| BioNTech SE (BNTX)vs › | $26.06B | -22.63% | -35.20% | 5.18% | 14.03% |
| Incyte Corporation (INCY)vs › | $25.69B | 31.57% | 14.26% | 15.92% | 12.23% |
| West Pharmaceutical Services, Inc. (WST)vs › | $23.93B | 20.64% | 20.32% | 22.80% | 22.92% |
| Waters Corporation (WAT)vs › | $30.62B | 28.22% | 28.07% | 28.30% | 28.33% |
| Medline Inc. (MDLN)vs › | $30.94B | 6.07% | 8.25% | 6.70% | 6.70% |
| GE HealthCare Technologies Inc. (GEHC)vs › | $31.10B | 12.70% | 13.37% | 13.23% | 14.11% |
| Zoetis Inc. (ZTS)vs › | $31.78B | 37.00% | 37.33% | 36.70% | 36.14% |
Gross Margin
59.3%
Operating Margin
28.7%
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 | 29.85% |
| 2026-03-31 | 26.00% |
| 2025-12-31 | 30.39% |
| 2025-09-30 | 28.15% |
| 2025-06-30 | 27.02% |
| 2025-03-31 | 24.84% |
| 2024-12-31 | 31.93% |
| 2024-09-30 | 29.16% |
| 2024-06-30 | 28.09% |
| 2024-03-31 | 26.90% |
| 2023-12-31 | 28.20% |
| 2023-09-30 | 29.46% |
| 2023-06-30 | 29.49% |
| 2023-03-31 | 26.78% |
| 2022-12-31 | 32.34% |
| 2022-09-30 | 29.46% |
| 2022-06-30 | 27.50% |
| 2022-03-31 | 25.02% |
| 2021-12-31 | 29.13% |
| 2021-09-30 | 26.97% |
| 2021-06-30 | 25.86% |
| 2021-03-31 | 24.46% |
| 2020-12-31 | 29.65% |
| 2020-09-30 | 26.74% |
| 2020-06-30 | 23.56% |
| 2020-03-31 | 19.61% |
| 2019-12-31 | 28.85% |
| 2019-09-30 | 24.39% |
| 2019-06-30 | 22.62% |
| 2019-03-31 | 19.96% |
| 2018-12-31 | 27.84% |
| 2018-09-30 | 23.15% |
| 2018-06-30 | 21.79% |
| 2018-03-31 | 19.34% |
| 2017-12-31 | 26.50% |
| 2017-09-30 | 21.61% |
| 2017-06-30 | 20.98% |
| 2017-03-31 | 19.73% |
| 2016-12-31 | 26.51% |
| 2016-09-30 | 21.67% |
| 2016-06-30 | 19.80% |
| 2016-03-31 | 17.34% |
| 2015-12-31 | 25.86% |
| 2015-09-30 | 20.94% |
| 2015-06-30 | 19.01% |
| 2015-03-31 | 16.76% |
| 2014-12-31 | 24.18% |
| 2014-09-30 | 19.00% |
| 2014-06-30 | 17.36% |
| 2014-03-31 | 15.23% |
| 2013-12-31 | 23.10% |
| 2013-09-30 | 18.49% |
| 2013-06-30 | 17.38% |
| 2013-03-31 | 15.32% |
| 2012-12-31 | 22.49% |
| 2012-09-30 | 17.98% |
| 2012-06-30 | 16.78% |
| 2012-03-31 | 14.12% |
| 2011-12-31 | 19.16% |
| 2011-09-30 | 15.59% |
| 2011-06-30 | 16.08% |
| 2011-03-31 | 14.07% |
| 2010-12-31 | 20.43% |
| 2010-09-30 | 16.75% |
| 2010-06-30 | 16.30% |
| 2010-03-31 | 13.70% |
| 2009-12-31 | 262.44% |
| 2009-09-30 | 16.06% |
| 2009-06-30 | 14.45% |
| 2009-03-31 | 13.27% |
| 2008-12-31 | 19.27% |
| 2008-09-30 | 14.49% |
| 2008-06-30 | 14.07% |
| 2008-03-31 | 12.73% |
| 2007-12-31 | 17.35% |
| 2007-09-30 | 14.45% |
| 2007-06-30 | 14.13% |
| 2007-03-31 | 11.81% |
| 2006-12-31 | 16.12% |
| 2006-09-30 | 13.35% |
| 2006-06-30 | 13.22% |
| 2006-03-31 | 10.23% |
| 2005-12-31 | 16.03% |
| 2005-09-30 | 13.16% |
| 2005-06-30 | 13.12% |
| 2005-03-31 | 9.75% |
| 2004-12-31 | 13.87% |
| 2004-09-30 | 11.10% |
| 2004-06-30 | 12.73% |
| 2004-03-31 | 9.41% |
| 2003-12-31 | 13.75% |
| 2003-09-30 | 11.50% |
| 2003-06-30 | 12.52% |
| 2003-03-31 | 9.44% |
| 2002-12-31 | 14.39% |
| 2002-09-30 | 12.18% |
