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 21.40% is 32% above its 5-year average of 16.23%, near the high end of its 5-year range (7.28%–22.62%).
As of the fiscal period ended Tuesday, June 30, 2026. 8.43% above its 12-month average of 19.74%.
Reported quarterly operating margin; no daily interpolation.
OPERATING MARGIN
21.40%
OPERATING MARGIN AVG TTM
19.74%
OPERATING MARGIN AVG 3Y
19.42%
OPERATING MARGIN AVG 5Y
16.23%
OPERATING MARGIN AVG 10Y
14.81%
OPERATING MARGIN AVG 15Y
13.61%
OPERATING MARGIN AVG 20Y
14.30%
CURRENT VS TTM AVG
+8.43%
CURRENT VS 3Y AVG
+10.19%
CURRENT VS 5Y AVG
+31.82%
CURRENT VS 10Y AVG
+44.51%
CURRENT VS 15Y AVG
+57.23%
CURRENT VS 20Y AVG
+49.67%
SECTOR MEDIAN · UTILITIES
21.54%
median of 44 covered companies
CURRENT VS SECTOR MEDIAN
-0.65%
vs the sector median at left
PG&E Corporation
Market Cap
$46.79B
Operating Margin
21.40%
TTM Avg
19.74%
3Y Avg
19.42%
5Y Avg
16.23%
Market Cap
$46.99B
Operating Margin
20.79%
TTM Avg
19.98%
3Y Avg
18.97%
5Y Avg
16.56%
Market Cap
$48.77B
Operating Margin
20.98%
TTM Avg
18.69%
3Y Avg
17.68%
5Y Avg
17.58%
Market Cap
$50.01B
Operating Margin
22.22%
TTM Avg
22.95%
3Y Avg
20.59%
5Y Avg
19.26%
Market Cap
$39.79B
Operating Margin
17.98%
TTM Avg
17.62%
3Y Avg
16.92%
5Y Avg
18.31%
Market Cap
$37.70B
Operating Margin
23.14%
TTM Avg
23.68%
3Y Avg
23.56%
5Y Avg
18.18%
Market Cap
$35.06B
Operating Margin
24.12%
TTM Avg
24.63%
3Y Avg
22.69%
5Y Avg
22.49%
| NAME | MARKET CAP | OPERATING MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| PG&E Corporation (PCG) | $46.79B | 21.40% | 19.74% | 19.42% | 16.23% |
| Exelon Corporation (EXC)vs › | $46.99B | 20.79% | 19.98% | 18.97% | 16.56% |
| Vistra Corp. (VST)vs › | $47.40B | 7.93% | 20.00% | 20.00% | 14.33% |
| Xcel Energy Inc. (XEL)vs › | $48.77B | 20.98% | 18.69% | 17.68% | 17.58% |
| Entergy Corporation (ETR)vs › | $50.01B | 22.22% | 22.95% | 20.59% | 19.26% |
| Consolidated Edison, Inc. (ED)vs › | $39.79B | 17.98% | 17.62% | 16.92% | 18.31% |
| Sempra (SRE)vs › | $54.83B | 23.72% | 22.79% | 21.92% | 22.52% |
| Public Service Enterprise Group Incorporated (PEG)vs › | $37.70B | 23.14% | 23.68% | 23.56% | 18.18% |
| WEC Energy Group, Inc. (WEC)vs › | $35.06B | 24.12% | 24.63% | 22.69% | 22.49% |
| Dominion Energy, Inc. (D)vs › | $59.27B | 25.13% | 24.60% | 20.82% | 19.21% |
Gross Margin
19.6%
Operating Margin
21.4%
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 |
|---|---|
| 2026-06-30 | 21.40% |
| 2026-03-31 | 21.36% |
| 2025-12-31 | 17.99% |
| 2025-09-30 | 19.34% |
| 2025-06-30 | 18.58% |
| 2025-03-31 | 21.21% |
| 2024-12-31 | 15.74% |
| 2024-09-30 | 19.12% |
| 2024-06-30 | 18.89% |
| 2024-03-31 | 21.75% |
| 2023-12-31 | 22.62% |
| 2023-09-30 | 12.14% |
| 2023-06-30 | 15.01% |
| 2023-03-31 | 14.50% |
| 2022-12-31 | 14.56% |
| 2022-09-30 | 13.63% |
| 2022-06-30 | 12.31% |
| 2022-03-31 | 9.23% |
| 2021-12-31 | 12.16% |
| 2021-09-30 | 7.28% |
| 2021-06-30 | 12.06% |
| 2021-03-31 | 10.09% |
| 2020-12-31 | 10.03% |
| 2020-09-30 | 8.66% |
| 2020-06-30 | 10.50% |
| 2020-03-31 | 16.00% |
| 2019-12-31 | 14.44% |
| 2019-09-30 | 6.45% |
| 2019-06-30 | 7.25% |
| 2019-03-31 | 5.88% |
| 2018-12-31 | 6.31% |
| 2018-09-30 | 16.87% |
| 2018-06-30 | 17.86% |
| 2018-03-31 | 15.88% |
| 2017-12-31 | 10.17% |
| 2017-09-30 | 20.79% |
| 2017-06-30 | 17.72% |
| 2017-03-31 | 20.76% |
| 2016-12-31 | 25.74% |
| 2016-09-30 | 15.20% |
| 2016-06-30 | 9.62% |
| 2016-03-31 | 2.39% |
| 2015-12-31 | 4.92% |
| 2015-09-30 | 11.98% |
| 2015-06-30 | 16.29% |
| 2015-03-31 | 1.82% |
| 2014-12-31 | 8.89% |
| 2014-09-30 | 21.56% |
| 2014-06-30 | 13.11% |
| 2014-03-31 | 12.44% |
| 2013-12-31 | 8.38% |
| 2013-09-30 | 6.97% |
| 2013-06-30 | 16.84% |
| 2013-03-31 | 13.67% |
| 2012-12-31 | 3.26% |
| 2012-09-30 | 15.44% |
| 2012-06-30 | 13.00% |
| 2012-03-31 | 13.38% |
| 2011-12-31 | 9.38% |
| 2011-09-30 | 10.57% |
| 2011-06-30 | 18.78% |
| 2011-03-31 | 13.46% |
| 2010-12-31 | 13.59% |
| 2010-09-30 | 14.32% |
| 2010-06-30 | 21.50% |
| 2010-03-31 | 17.78% |
| 2009-12-31 | 14.78% |
| 2009-09-30 | 18.76% |
| 2009-06-30 | 20.54% |
| 2009-03-31 | 14.95% |
| 2008-12-31 | 14.96% |
| 2008-09-30 | 17.39% |
| 2008-06-30 | 16.32% |
| 2008-03-31 | 13.21% |
| 2007-12-31 | 13.14% |
| 2007-09-30 | 17.75% |
| 2007-06-30 | 17.41% |
| 2007-03-31 | 15.76% |
| 2006-12-31 | 13.69% |
| 2006-09-30 | 23.20% |
| 2006-06-30 | 15.41% |
| 2006-03-31 | 14.90% |
| 2005-12-31 | 11.14% |
| 2005-09-30 | 18.37% |
| 2005-06-30 | 21.54% |
| 2005-03-31 | 18.77% |
| 2004-12-31 | 19.06% |
| 2004-09-30 | 19.41% |
| 2004-06-30 | 24.45% |
| 2004-03-31 | 196.69% |
| 2003-12-31 | 11.07% |
| 2003-09-30 | 37.71% |
| 2003-06-30 | 24.61% |
| 2003-03-31 | -4.95% |
| 2002-12-31 | -99.80% |
| 2002-09-30 | 25.44% |
