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 9.46% is 23% above its 5-year average of 7.72%, around the middle of its 5-year range (-19.99%–35.09%).
As of the fiscal period ended Tuesday, June 30, 2026. 121.52% above its 12-month average of 4.27%.
Reported quarterly operating margin; no daily interpolation.
OPERATING MARGIN
9.46%
OPERATING MARGIN AVG TTM
4.27%
OPERATING MARGIN AVG 3Y
9.10%
OPERATING MARGIN AVG 5Y
7.82%
OPERATING MARGIN AVG 10Y
9.54%
OPERATING MARGIN AVG 15Y
7.13%
OPERATING MARGIN AVG 20Y
10.91%
CURRENT VS TTM AVG
+121.52%
CURRENT VS 3Y AVG
+4.03%
CURRENT VS 5Y AVG
+20.96%
CURRENT VS 10Y AVG
-0.78%
CURRENT VS 15Y AVG
+32.70%
CURRENT VS 20Y AVG
-13.22%
SECTOR MEDIAN · UTILITIES
21.18%
median of 43 covered companies
CURRENT VS SECTOR MEDIAN
-55.31%
vs the sector median at left
Market Cap
$26.48B
Operating Margin
23.50%
TTM Avg
22.05%
3Y Avg
20.28%
5Y Avg
22.45%
Market Cap
$26.63B
Operating Margin
36.94%
TTM Avg
36.62%
3Y Avg
35.58%
5Y Avg
34.30%
Market Cap
$22.49B
Operating Margin
18.95%
TTM Avg
20.00%
3Y Avg
17.70%
5Y Avg
17.60%
Market Cap
$27.20B
Operating Margin
36.72%
TTM Avg
26.68%
3Y Avg
19.52%
5Y Avg
16.16%
Market Cap
$27.34B
Operating Margin
22.52%
TTM Avg
22.40%
3Y Avg
20.71%
5Y Avg
20.89%
Market Cap
$27.39B
Operating Margin
23.24%
TTM Avg
22.79%
3Y Avg
20.65%
5Y Avg
18.82%
Market Cap
$27.94B
Operating Margin
18.57%
TTM Avg
18.20%
3Y Avg
17.33%
5Y Avg
17.48%
| NAME | MARKET CAP | OPERATING MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| NRG Energy, Inc. (NRG) | $24.69B | 9.46% | 4.27% | 9.10% | 7.82% |
| PPL Corporation (PPL)vs › | $26.48B | 23.50% | 22.05% | 20.28% | 22.45% |
| American Water Works Company, Inc. (AWK)vs › | $26.63B | 36.94% | 36.62% | 35.58% | 34.30% |
| CMS Energy Corporation (CMS)vs › | $22.49B | 18.95% | 20.00% | 17.70% | 17.60% |
| Edison International (EIX)vs › | $27.20B | 36.72% | 26.68% | 19.52% | 16.16% |
| Eversource Energy (ES)vs › | $27.34B | 22.52% | 22.40% | 20.71% | 20.89% |
| CenterPoint Energy, Inc. (CNP)vs › | $27.39B | 23.24% | 22.79% | 20.65% | 18.82% |
| FirstEnergy Corp. (FE)vs › | $27.94B | 18.57% | 18.20% | 17.33% | 17.48% |
| NiSource Inc (NI)vs › | $21.36B | 27.78% | 27.16% | 24.87% | 21.96% |
| Atmos Energy Corporation (ATO)vs › | $28.82B | 35.87% | 32.86% | 28.15% | 28.06% |
Gross Margin
16.4%
Operating Margin
9.5%
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 | 9.46% |
| 2026-03-31 | 2.49% |
| 2025-12-31 | 3.24% |
| 2025-09-30 | 5.53% |
| 2025-06-30 | 0.64% |
| 2025-03-31 | 13.21% |
| 2024-12-31 | 13.99% |
| 2024-09-30 | -11.24% |
| 2024-06-30 | 21.17% |
| 2024-03-31 | 11.74% |
| 2023-12-31 | 12.30% |
| 2023-09-30 | 7.06% |
| 2023-06-30 | 8.35% |
| 2023-03-31 | -19.99% |
| 2022-12-31 | -16.77% |
| 2022-09-30 | 1.83% |
| 2022-06-30 | 10.35% |
| 2022-03-31 | 30.71% |
| 2021-12-31 | -6.80% |
| 2021-09-30 | 35.09% |
| 2021-06-30 | 29.70% |
| 2021-03-31 | -0.69% |
| 2020-12-31 | -0.79% |
| 2020-09-30 | 13.99% |
| 2020-06-30 | 21.63% |
| 2020-03-31 | 12.09% |
| 2019-12-31 | 9.52% |
| 2019-09-30 | 18.02% |
| 2019-06-30 | 12.98% |
| 2019-03-31 | 10.21% |
| 2018-12-31 | 0.06% |
| 2018-09-30 | 13.45% |
| 2018-06-30 | 7.07% |
| 2018-03-31 | 17.48% |
| 2017-12-31 | -53.86% |
| 2017-09-30 | 10.84% |
| 2017-06-30 | 12.55% |
| 2017-03-31 | 1.51% |
| 2016-12-31 | -31.24% |
| 2016-09-30 | 12.51% |
| 2016-06-30 | 7.25% |
| 2016-03-31 | 14.74% |
| 2015-12-31 | -156.52% |
| 2015-09-30 | 8.55% |
| 2015-06-30 | 6.82% |
| 2015-03-31 | 1.98% |
| 2014-12-31 | 10.81% |
| 2014-09-30 | 12.02% |
| 2014-06-30 | 2.46% |
| 2014-03-31 | 5.16% |
| 2013-12-31 | -8.16% |
| 2013-09-30 | 15.10% |
| 2013-06-30 | 9.80% |
| 2013-03-31 | -12.78% |
| 2012-12-31 | 1.79% |
| 2012-09-30 | 3.69% |
| 2012-06-30 | 18.33% |
| 2012-03-31 | -9.13% |
| 2011-12-31 | 0.42% |
| 2011-09-30 | 1.61% |
| 2011-06-30 | 11.81% |
| 2011-03-31 | 15.74% |
| 2010-12-31 | 8.37% |
| 2010-09-30 | 16.91% |
| 2010-06-30 | 20.82% |
| 2010-03-31 | 11.65% |
| 2009-12-31 | 14.67% |
| 2009-09-30 | 20.95% |
| 2009-06-30 | 27.67% |
| 2009-03-31 | 37.09% |
| 2008-12-31 | 32.78% |
| 2008-09-30 | 53.87% |
| 2008-06-30 | 4.33% |
| 2008-03-31 | 19.20% |
| 2007-12-31 | 23.20% |
| 2007-09-30 | 31.02% |
| 2007-06-30 | 25.59% |
| 2007-03-31 | 19.25% |
| 2006-12-31 | 8.74% |
| 2006-09-30 | 36.87% |
| 2006-06-30 | 28.23% |
| 2006-03-31 | 19.75% |
| 2005-12-31 | 21.24% |
| 2005-09-30 | -1.16% |
| 2005-06-30 | 10.54% |
| 2005-03-31 | 7.37% |
| 2004-12-31 | -0.73% |
| 2004-09-30 | 19.72% |
| 2004-06-30 | 20.36% |
| 2004-03-31 | 19.85% |
| 2003-12-31 | 1066.99% |
| 2003-09-30 | -57.40% |
| 2003-06-30 | -72.27% |
| 2003-03-31 | -0.71% |
| 2002-12-31 | 69.78% |
| 2002-09-30 | -386.75% |
