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 37.45% is 25% above its 5-year average of 30.02%, around the middle of its 5-year range (6.15%–67.69%).
As of the fiscal period ended Tuesday, June 30, 2026. 7.69% above its 12-month average of 34.78%.
Reported quarterly operating margin; no daily interpolation.
OPERATING MARGIN
37.45%
OPERATING MARGIN AVG TTM
34.78%
OPERATING MARGIN AVG 3Y
35.36%
OPERATING MARGIN AVG 5Y
30.02%
OPERATING MARGIN AVG 10Y
28.01%
OPERATING MARGIN AVG 15Y
23.18%
OPERATING MARGIN AVG 20Y
24.25%
CURRENT VS TTM AVG
+7.69%
CURRENT VS 3Y AVG
+5.93%
CURRENT VS 5Y AVG
+24.77%
CURRENT VS 10Y AVG
+33.72%
CURRENT VS 15Y AVG
+61.58%
CURRENT VS 20Y AVG
+54.42%
SECTOR MEDIAN · ENERGY
18.52%
median of 48 covered companies
CURRENT VS SECTOR MEDIAN
+102.29%
vs the sector median at left
Pembina Pipeline Corporation
Market Cap
$27.91B
Operating Margin
37.45%
TTM Avg
34.78%
3Y Avg
35.36%
5Y Avg
30.02%
Market Cap
$30.22B
Operating Margin
11.44%
TTM Avg
13.43%
3Y Avg
14.48%
5Y Avg
8.81%
Market Cap
$25.13B
Operating Margin
74.92%
TTM Avg
75.28%
3Y Avg
77.94%
5Y Avg
77.33%
Market Cap
$22.72B
Operating Margin
17.49%
TTM Avg
-0.77%
3Y Avg
17.98%
5Y Avg
-10.55%
Market Cap
$21.97B
Operating Margin
33.65%
TTM Avg
31.87%
3Y Avg
22.13%
5Y Avg
20.05%
Market Cap
$34.13B
Operating Margin
34.70%
TTM Avg
23.91%
3Y Avg
28.96%
5Y Avg
10.49%
Market Cap
$34.63B
Operating Margin
37.70%
TTM Avg
36.01%
3Y Avg
47.14%
5Y Avg
37.71%
Market Cap
$15.04B
Operating Margin
30.83%
TTM Avg
31.84%
3Y Avg
37.53%
5Y Avg
31.29%
| NAME | MARKET CAP | OPERATING MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Pembina Pipeline Corporation (PBA) | $27.91B | 37.45% | 34.78% | 35.36% | 30.02% |
| Tenaris S.A. (TS)vs › | $28.96B | 18.55% | 19.23% | 23.17% | 15.11% |
| Halliburton Company (HAL)vs › | $30.22B | 11.44% | 13.43% | 14.48% | 8.81% |
| Texas Pacific Land Corporation (TPL)vs › | $25.13B | 74.92% | 75.28% | 77.94% | 77.33% |
| Expand Energy Corporation (EXE)vs › | $22.72B | 17.49% | -0.77% | 17.98% | -10.55% |
| First Solar, Inc. (FSLR)vs › | $21.97B | 33.65% | 31.87% | 22.13% | 20.05% |
| EQT Corporation (EQT)vs › | $34.13B | 34.70% | 23.91% | 28.96% | 10.49% |
| Venture Global, Inc. (VG)vs › | $34.63B | 37.70% | 36.01% | 47.14% | 37.71% |
| APA Corporation (APA)vs › | $15.04B | 30.83% | 31.84% | 37.53% | 31.29% |
| Nextpower Inc. (NXT)vs › | $12.96B | 19.42% | 20.59% | 18.38% | 15.22% |
Gross Margin
39.6%
Operating Margin
37.5%
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 | 37.45% |
| 2026-03-31 | 32.38% |
| 2025-12-31 | 35.13% |
| 2025-09-30 | 30.76% |
| 2025-06-30 | 38.17% |
| 2025-03-31 | 34.13% |
| 2024-12-31 | 42.28% |
| 2024-09-30 | 33.79% |
| 2024-06-30 | 6.15% |
| 2024-03-31 | 37.67% |
| 2023-12-31 | 37.75% |
| 2023-09-30 | 24.96% |
| 2023-06-30 | 39.80% |
| 2023-03-31 | 34.47% |
| 2022-12-31 | 16.41% |
| 2022-09-30 | 67.69% |
| 2022-06-30 | 20.65% |
| 2022-03-31 | 23.76% |
| 2021-12-31 | 9.38% |
| 2021-09-30 | 43.04% |
| 2021-06-30 | 22.24% |
| 2021-03-31 | 26.14% |
| 2020-12-31 | -92.86% |
| 2020-09-30 | 34.49% |
| 2020-06-30 | 33.20% |
| 2020-03-31 | 39.20% |
| 2019-12-31 | 11.86% |
| 2019-09-30 | 32.41% |
| 2019-06-30 | 30.53% |
| 2019-03-31 | 25.97% |
| 2018-12-31 | 37.47% |
| 2018-09-30 | 25.18% |
| 2018-06-30 | 22.16% |
| 2018-03-31 | 27.44% |
| 2017-12-31 | 27.68% |
| 2017-09-30 | 19.79% |
| 2017-06-30 | 18.27% |
| 2017-03-31 | 21.82% |
| 2016-12-31 | 18.15% |
| 2016-09-30 | 20.82% |
| 2016-06-30 | 19.38% |
| 2016-03-31 | 17.60% |
| 2015-12-31 | 14.90% |
| 2015-09-30 | 15.11% |
| 2015-06-30 | 13.60% |
| 2015-03-31 | 15.60% |
| 2014-12-31 | 9.05% |
| 2014-09-30 | 10.10% |
| 2014-06-30 | 11.08% |
| 2014-03-31 | 15.01% |
| 2013-12-31 | 14.66% |
| 2013-09-30 | 11.34% |
| 2013-06-30 | 12.77% |
| 2013-03-31 | 13.36% |
| 2012-12-31 | 11.40% |
| 2012-09-30 | 9.14% |
| 2012-06-30 | 14.61% |
| 2012-03-31 | 13.99% |
| 2011-12-31 | 13.53% |
| 2011-09-30 | 22.32% |
| 2011-06-30 | 16.11% |
| 2011-03-31 | 17.19% |
| 2010-12-31 | 20.76% |
| 2010-09-30 | 20.45% |
| 2010-06-30 | 15.43% |
| 2010-03-31 | 21.78% |
| 2009-12-31 | 22.98% |
| 2009-09-30 | 28.72% |
| 2009-06-30 | 26.94% |
| 2009-03-31 | 26.34% |
| 2008-12-31 | 41.68% |
| 2008-09-30 | 23.25% |
| 2008-06-30 | 22.24% |
| 2008-03-31 | 30.01% |
| 2007-12-31 | 41.63% |
| 2007-09-30 | 28.02% |
| 2007-06-30 | 26.77% |
| 2007-03-31 | 31.63% |
| 2006-12-31 | 38.73% |
| 2006-09-30 | 34.97% |
| 2006-06-30 | 29.00% |
| 2006-03-31 | 28.39% |
| 2005-12-31 | 33.67% |
| 2005-09-30 | 30.58% |
| 2005-06-30 | 24.42% |
| 2005-03-31 | 27.37% |
| 2004-12-31 | 31.77% |
| 2004-09-30 | 29.06% |
| 2004-06-30 | 19.68% |
| 2004-03-31 | 24.41% |
| 2003-12-31 | 27.88% |
| 2003-09-30 | 23.87% |
| 2003-06-30 | 21.20% |
| 2003-03-31 | 22.82% |
| 2002-12-31 | 24.45% |
| 2002-09-30 | 17.71% |
