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 8.39% is 42% below its 5-year average of 14.37%, near the low end of its 5-year range (0.00%–34.09%).
As of the fiscal period ended Tuesday, March 31, 2026. 28.85% below its 12-month average of 11.79%.
Reported quarterly operating margin; no daily interpolation.
OPERATING MARGIN
8.39%
OPERATING MARGIN AVG TTM
11.79%
OPERATING MARGIN AVG 3Y
10.00%
OPERATING MARGIN AVG 5Y
13.39%
OPERATING MARGIN AVG 10Y
11.98%
OPERATING MARGIN AVG 15Y
20.44%
OPERATING MARGIN AVG 20Y
23.18%
CURRENT VS TTM AVG
-28.85%
CURRENT VS 3Y AVG
-16.10%
CURRENT VS 5Y AVG
-37.36%
CURRENT VS 10Y AVG
-30.01%
CURRENT VS 15Y AVG
-58.97%
CURRENT VS 20Y AVG
-63.83%
SECTOR MEDIAN · BASIC MATERIALS
14.15%
median of 43 covered companies
CURRENT VS SECTOR MEDIAN
-40.74%
vs the sector median at left
Market Cap
$33.35B
Operating Margin
21.09%
TTM Avg
32.34%
3Y Avg
26.96%
5Y Avg
24.51%
Market Cap
$28.55B
Operating Margin
22.47%
TTM Avg
20.30%
3Y Avg
14.38%
5Y Avg
6.55%
Market Cap
$36.82B
Operating Margin
19.92%
TTM Avg
19.23%
3Y Avg
17.45%
5Y Avg
17.74%
Market Cap
$26.24B
Operating Margin
12.48%
TTM Avg
14.04%
3Y Avg
12.82%
5Y Avg
12.37%
Market Cap
$38.26B
Operating Margin
10.57%
TTM Avg
9.60%
3Y Avg
14.71%
5Y Avg
15.17%
Market Cap
$22.42B
Operating Margin
-11.69%
TTM Avg
-4.38%
3Y Avg
1.45%
5Y Avg
3.56%
Market Cap
$21.19B
Operating Margin
7.88%
TTM Avg
7.83%
3Y Avg
10.53%
5Y Avg
10.70%
| NAME | MARKET CAP | OPERATING MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Nutrien Ltd. (NTR) | $32.26B | 8.39% | 11.79% | 10.00% | 13.39% |
| Martin Marietta Materials, Inc. (MLM)vs › | $33.35B | 21.09% | 32.34% | 26.96% | 24.51% |
| Carpenter Technology Corporation (CRS)vs › | $28.55B | 22.47% | 20.30% | 14.38% | 6.55% |
| Vulcan Materials Company (VMC)vs › | $36.82B | 19.92% | 19.23% | 17.45% | 17.74% |
| PPG Industries, Inc. (PPG)vs › | $26.24B | 12.48% | 14.04% | 12.82% | 12.37% |
| Steel Dynamics, Inc. (STLD)vs › | $38.26B | 10.57% | 9.60% | 14.71% | 15.17% |
| International Paper Company (IP)vs › | $22.42B | -11.69% | -4.38% | 1.45% | 3.56% |
| Dow Inc. (DOW)vs › | $21.79B | -0.08% | 2.73% | 5.11% | 6.91% |
| Reliance Steel & Aluminum Co. (RS)vs › | $21.19B | 7.88% | 7.83% | 10.53% | 10.70% |
| International Flavors & Fragrances Inc. (IFF)vs › | $20.62B | 7.56% | 7.20% | -3.66% | 0.25% |
Gross Margin
31.2%
Operating Margin
8.4%
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 |
|---|---|
| 2026-03-31 | 8.39% |
| 2025-12-31 | 14.44% |
| 2025-09-30 | 14.60% |
| 2025-06-30 | 17.07% |
| 2025-03-31 | 4.43% |
| 2024-12-31 | 9.27% |
| 2024-09-30 | 4.96% |
| 2024-06-30 | 8.31% |
| 2024-03-31 | 7.78% |
| 2023-12-31 | 8.25% |
| 2023-09-30 | 0.00% |
| 2023-06-30 | 17.08% |
| 2023-03-31 | 15.38% |
| 2022-12-31 | 23.10% |
| 2022-09-30 | 23.35% |
| 2022-06-30 | 34.09% |
| 2022-03-31 | 26.11% |
| 2021-12-31 | 25.14% |
| 2021-09-30 | 17.55% |
| 2021-06-30 | 16.58% |
| 2021-03-31 | 5.97% |
| 2020-12-31 | 9.83% |
| 2020-09-30 | -17.08% |
| 2020-06-30 | 13.51% |
| 2020-03-31 | 2.72% |
| 2019-12-31 | 1.78% |
| 2019-09-30 | 7.87% |
| 2019-06-30 | 14.90% |
| 2019-03-31 | 4.73% |
| 2018-12-31 | 14.51% |
| 2018-09-30 | -34.06% |
| 2018-06-30 | 14.20% |
| 2018-03-31 | 2.07% |
| 2017-12-31 | -32.10% |
| 2017-09-30 | 8.10% |
| 2017-06-30 | 13.30% |
| 2017-03-31 | 15.74% |
| 2016-12-31 | 8.13% |
| 2016-09-30 | 12.15% |
| 2016-06-30 | 18.90% |
| 2016-03-31 | 13.15% |
| 2015-12-31 | 23.19% |
| 2015-09-30 | 27.53% |
| 2015-06-30 | 35.76% |
| 2015-03-31 | 33.57% |
| 2014-12-31 | 32.12% |
| 2014-09-30 | 31.69% |
| 2014-06-30 | 36.26% |
| 2014-03-31 | 31.61% |
| 2013-12-31 | 23.82% |
| 2013-09-30 | 33.22% |
| 2013-06-30 | 43.24% |
| 2013-03-31 | 38.90% |
| 2012-12-31 | 31.85% |
| 2012-09-30 | 42.84% |
| 2012-06-30 | 35.77% |
| 2012-03-31 | 39.23% |
| 2011-12-31 | 66.11% |
| 2011-09-30 | 44.51% |
| 2011-06-30 | 47.87% |
| 2011-03-31 | 46.51% |
| 2010-12-31 | 37.40% |
| 2010-09-30 | 29.40% |
| 2010-06-30 | 38.41% |
| 2010-03-31 | 38.86% |
| 2009-12-31 | 29.99% |
| 2009-09-30 | 32.47% |
| 2009-06-30 | 33.21% |
| 2009-03-31 | 23.51% |
| 2008-12-31 | 46.80% |
| 2008-09-30 | 55.96% |
| 2008-06-30 | 49.45% |
| 2008-03-31 | 39.62% |
| 2007-12-31 | 31.56% |
| 2007-09-30 | 31.37% |
| 2007-06-30 | 31.21% |
| 2007-03-31 | 26.70% |
| 2006-12-31 | 25.96% |
| 2006-09-30 | 23.41% |
| 2006-06-30 | 20.96% |
| 2006-03-31 | 22.30% |
| 2005-12-31 | 20.99% |
| 2005-09-30 | 22.91% |
| 2005-06-30 | 25.13% |
| 2005-03-31 | 23.52% |
| 2004-12-31 | 17.79% |
| 2004-09-30 | 16.32% |
| 2004-06-30 | 15.50% |
| 2004-03-31 | 13.43% |
| 2003-12-31 | 8.93% |
| 2003-09-30 | -35.72% |
| 2003-06-30 | 11.13% |
| 2003-03-31 | 6.46% |
| 2002-12-31 | 8.48% |
| 2002-09-30 | 9.65% |
| 2002-06-30 | 7.83% |
