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 10.08% is in line with its 5-year average of 10.31%, near the high end of its 5-year range (-3.69%–13.77%).
As of the fiscal period ended Tuesday, June 30, 2026. 7.80% below its 12-month average of 10.93%.
Reported quarterly operating margin; no daily interpolation.
OPERATING MARGIN
10.08%
OPERATING MARGIN AVG TTM
10.93%
OPERATING MARGIN AVG 3Y
10.40%
OPERATING MARGIN AVG 5Y
10.31%
OPERATING MARGIN AVG 10Y
11.35%
OPERATING MARGIN AVG 15Y
11.85%
OPERATING MARGIN AVG 20Y
10.98%
CURRENT VS TTM AVG
-7.80%
CURRENT VS 3Y AVG
-3.12%
CURRENT VS 5Y AVG
-2.28%
CURRENT VS 10Y AVG
-11.24%
CURRENT VS 15Y AVG
-14.97%
CURRENT VS 20Y AVG
-8.20%
SECTOR MEDIAN · INDUSTRIALS
13.97%
median of 132 covered companies
CURRENT VS SECTOR MEDIAN
-27.87%
vs the sector median at left
Northrop Grumman Corporation
Market Cap
$83.29B
Operating Margin
10.08%
TTM Avg
10.93%
3Y Avg
10.40%
5Y Avg
10.31%
Market Cap
$83.41B
Operating Margin
26.50%
TTM Avg
26.55%
3Y Avg
25.49%
5Y Avg
24.82%
Market Cap
$82.85B
Operating Margin
37.20%
TTM Avg
36.40%
3Y Avg
36.38%
5Y Avg
38.09%
Market Cap
$79.85B
Operating Margin
23.14%
TTM Avg
22.98%
3Y Avg
21.99%
5Y Avg
21.27%
Market Cap
$89.04B
Operating Margin
7.31%
TTM Avg
9.21%
3Y Avg
10.43%
5Y Avg
10.75%
Market Cap
$77.00B
Operating Margin
37.54%
TTM Avg
37.36%
3Y Avg
38.48%
5Y Avg
37.88%
Market Cap
$90.24B
Operating Margin
18.54%
TTM Avg
18.55%
3Y Avg
18.32%
5Y Avg
17.72%
| NAME | MARKET CAP | OPERATING MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Northrop Grumman Corporation (NOC) | $83.29B | 10.08% | 10.93% | 10.40% | 10.31% |
| Illinois Tool Works Inc. (ITW)vs › | $83.41B | 26.50% | 26.55% | 25.49% | 24.82% |
| Canadian Pacific Kansas City Ltd. (CP)vs › | $82.85B | 37.20% | 36.40% | 36.38% | 38.09% |
| Cintas Corporation (CTAS)vs › | $79.85B | 23.14% | 22.98% | 21.99% | 21.27% |
| FedEx Corporation (FDX)vs › | $79.44B | 6.74% | 6.96% | 6.77% | 6.87% |
| Cummins Inc. (CMI)vs › | $87.49B | 11.13% | 11.24% | 9.52% | 10.13% |
| United Parcel Service, Inc. (UPS)vs › | $89.04B | 7.31% | 9.21% | 10.43% | 10.75% |
| Canadian National Railway Company (CNI)vs › | $77.00B | 37.54% | 37.36% | 38.48% | 37.88% |
| Waste Management, Inc. (WM)vs › | $90.24B | 18.54% | 18.55% | 18.32% | 17.72% |
| Norfolk Southern Corporation (NSC)vs › | $75.39B | 31.63% | 31.98% | 31.05% | 33.01% |
Gross Margin
20.1%
Operating Margin
10.1%
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 | 10.08% |
| 2026-03-31 | 10.01% |
| 2025-12-31 | 8.88% |
| 2025-09-30 | 11.92% |
| 2025-06-30 | 13.77% |
| 2025-03-31 | 6.05% |
| 2024-12-31 | 10.19% |
| 2024-09-30 | 11.20% |
| 2024-06-30 | 10.67% |
| 2024-03-31 | 10.57% |
| 2023-12-31 | -3.69% |
| 2023-09-30 | 10.39% |
| 2023-06-30 | 10.10% |
| 2023-03-31 | 10.18% |
| 2022-12-31 | 9.03% |
| 2022-09-30 | 9.41% |
| 2022-06-30 | 10.84% |
| 2022-03-31 | 10.20% |
| 2021-12-31 | 8.59% |
| 2021-09-30 | 11.96% |
| 2021-06-30 | 11.41% |
| 2021-03-31 | 30.82% |
| 2020-12-31 | 11.28% |
| 2020-09-30 | 10.84% |
| 2020-06-30 | 11.19% |
| 2020-03-31 | 10.84% |
| 2019-12-31 | 13.03% |
| 2019-09-30 | 11.22% |
| 2019-06-30 | 11.19% |
| 2019-03-31 | 11.43% |
| 2018-12-31 | 11.34% |
| 2018-09-30 | 14.57% |
| 2018-06-30 | 11.56% |
| 2018-03-31 | 12.68% |
| 2017-12-31 | 11.56% |
| 2017-09-30 | 12.95% |
| 2017-06-30 | 13.41% |
| 2017-03-31 | 13.28% |
| 2016-12-31 | 12.99% |
| 2016-09-30 | 13.42% |
| 2016-06-30 | 13.28% |
| 2016-03-31 | 12.41% |
| 2015-12-31 | 12.10% |
| 2015-09-30 | 13.28% |
| 2015-06-30 | 13.79% |
| 2015-03-31 | 13.09% |
| 2014-12-31 | 12.48% |
| 2014-09-30 | 12.85% |
| 2014-06-30 | 13.58% |
| 2014-03-31 | 14.45% |
| 2013-12-31 | 12.47% |
| 2013-09-30 | 12.94% |
| 2013-06-30 | 12.81% |
| 2013-03-31 | 12.43% |
| 2012-12-31 | 12.72% |
| 2012-09-30 | 11.74% |
| 2012-06-30 | 12.34% |
| 2012-03-31 | 12.84% |
| 2011-12-31 | 12.28% |
| 2011-09-30 | 12.48% |
| 2011-06-30 | 12.82% |
| 2011-03-31 | 12.04% |
| 2010-12-31 | 9.16% |
| 2010-09-30 | 9.19% |
| 2010-06-30 | 8.11% |
| 2010-03-31 | 8.89% |
| 2009-12-31 | 6.71% |
| 2009-09-30 | 7.51% |
| 2009-06-30 | 7.29% |
| 2009-03-31 | 7.87% |
| 2008-12-31 | -23.51% |
| 2008-09-30 | 9.20% |
| 2008-06-30 | 9.34% |
| 2008-03-31 | 6.01% |
| 2007-12-31 | 8.61% |
| 2007-09-30 | 10.18% |
| 2007-06-30 | 9.38% |
| 2007-03-31 | 9.27% |
| 2006-12-31 | 7.75% |
| 2006-09-30 | 7.35% |
| 2006-06-30 | 8.97% |
| 2006-03-31 | 8.28% |
| 2005-12-31 | 6.79% |
| 2005-09-30 | 5.82% |
| 2005-06-30 | 7.74% |
| 2005-03-31 | 7.98% |
| 2004-12-31 | 7.29% |
| 2004-09-30 | 7.26% |
| 2004-06-30 | 6.55% |
| 2004-03-31 | 6.11% |
| 2003-12-31 | 5.47% |
| 2003-09-30 | 6.51% |
| 2003-06-30 | 5.90% |
| 2003-03-31 | 5.59% |
| 2002-12-31 | 8.51% |
| 2002-09-30 | 7.43% |
