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 16.25% is in line with its 5-year average of 16.30%, around the middle of its 5-year range (14.56%–17.61%).
As of the fiscal period ended Tuesday, June 30, 2026. 3.61% above its 12-month average of 15.68%.
Reported quarterly operating margin; no daily interpolation.
OPERATING MARGIN
16.25%
OPERATING MARGIN AVG TTM
15.68%
OPERATING MARGIN AVG 3Y
15.81%
OPERATING MARGIN AVG 5Y
16.30%
OPERATING MARGIN AVG 10Y
16.58%
OPERATING MARGIN AVG 15Y
16.27%
OPERATING MARGIN AVG 20Y
16.27%
CURRENT VS TTM AVG
+3.61%
CURRENT VS 3Y AVG
+2.73%
CURRENT VS 5Y AVG
-0.34%
CURRENT VS 10Y AVG
-1.99%
CURRENT VS 15Y AVG
-0.17%
CURRENT VS 20Y AVG
-0.17%
SECTOR MEDIAN · CONSUMER DEFENSIVE
12.15%
median of 50 covered companies
CURRENT VS SECTOR MEDIAN
+33.67%
vs the sector median at left
Nestlé S.A.
Market Cap
$249.99B
Operating Margin
16.25%
TTM Avg
15.68%
3Y Avg
15.81%
5Y Avg
16.30%
Market Cap
$296.88B
Operating Margin
37.75%
TTM Avg
36.06%
3Y Avg
35.88%
5Y Avg
37.61%
Market Cap
$190.86B
Operating Margin
14.96%
TTM Avg
14.20%
3Y Avg
13.71%
5Y Avg
13.86%
Market Cap
$340.27B
Operating Margin
22.69%
TTM Avg
23.48%
3Y Avg
22.78%
5Y Avg
22.83%
Market Cap
$155.78B
Operating Margin
26.38%
TTM Avg
26.14%
3Y Avg
25.23%
5Y Avg
24.48%
Market Cap
$121.39B
Operating Margin
39.04%
TTM Avg
24.81%
3Y Avg
7.48%
5Y Avg
18.07%
Market Cap
$383.19B
Operating Margin
29.63%
TTM Avg
24.97%
3Y Avg
25.01%
5Y Avg
25.66%
Market Cap
$112.99B
Operating Margin
55.95%
TTM Avg
57.37%
3Y Avg
57.17%
5Y Avg
55.93%
Market Cap
$91.35B
Operating Margin
29.16%
TTM Avg
27.47%
3Y Avg
26.85%
5Y Avg
29.22%
| NAME | MARKET CAP | OPERATING MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Nestlé S.A. (NSRGY) | $249.99B | 16.25% | 15.68% | 15.81% | 16.30% |
| Philip Morris International Inc. (PM)vs › | $296.88B | 37.75% | 36.06% | 35.88% | 37.61% |
| PepsiCo, Inc. (PEP)vs › | $190.86B | 14.96% | 14.20% | 13.71% | 13.86% |
| The Procter & Gamble Company (PG)vs › | $340.27B | 22.69% | 23.48% | 22.78% | 22.83% |
| Anheuser-Busch InBev SA/NV (BUD)vs › | $155.78B | 26.38% | 26.14% | 25.23% | 24.48% |
| British American Tobacco p.l.c. (BTI)vs › | $121.39B | 39.04% | 24.81% | 7.48% | 18.07% |
| The Coca-Cola Company (KO)vs › | $383.19B | 29.63% | 24.97% | 25.01% | 25.66% |
| Altria Group, Inc. (MO)vs › | $112.99B | 55.95% | 57.37% | 57.17% | 55.93% |
| Monster Beverage Corporation (MNST)vs › | $91.35B | 29.16% | 27.47% | 26.85% | 29.22% |
| Costco Wholesale Corporation (COST)vs › | $414.50B | 3.82% | 3.71% | 3.59% | 3.52% |
Gross Margin
45.6%
Operating Margin
16.2%
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 | 16.25% |
| 2025-12-31 | 15.43% |
| 2025-06-30 | 15.37% |
| 2024-12-31 | 15.64% |
| 2024-06-30 | 16.47% |
| 2023-12-31 | 14.56% |
| 2023-06-30 | 16.98% |
| 2022-12-31 | 17.07% |
| 2022-06-30 | 16.72% |
| 2021-12-31 | 17.22% |
| 2021-06-30 | 17.61% |
| 2020-12-31 | 18.13% |
| 2020-06-30 | 18.04% |
| 2019-12-31 | 18.01% |
| 2019-06-30 | 17.12% |
| 2018-12-31 | 17.31% |
| 2018-06-30 | 16.08% |
| 2017-12-31 | 16.78% |
| 2017-06-30 | 15.87% |
| 2016-12-31 | 15.79% |
| 2016-06-30 | 15.67% |
| 2015-12-31 | 15.28% |
| 2015-06-30 | 15.60% |
| 2014-12-31 | 16.06% |
| 2014-06-30 | 15.59% |
| 2013-12-31 | 15.37% |
| 2013-06-30 | 15.69% |
| 2012-12-31 | 15.21% |
| 2012-06-30 | 15.05% |
| 2011-12-31 | 0.00% |
| 2011-06-30 | 0.00% |
| 2010-12-31 | 0.00% |
| 2010-06-30 | 0.00% |
| 2009-12-31 | 0.00% |
| 2008-12-31 | 0.00% |
| 2007-12-31 | 0.00% |
| 2006-12-31 | 0.00% |
| 2005-12-31 | 0.00% |
| 2004-12-31 | 0.00% |
| 2003-12-31 | 0.00% |
| 2002-12-31 | 0.00% |
| 2001-12-31 | 0.00% |
| 2000-12-31 | 0.00% |
| 1999-12-31 | 0.00% |
| 1998-12-31 | 0.00% |
