Basis: Trailing twelve months (TTM). Source: stored company filings and market data; unavailable inputs remain N/A.
Is the operating margin high or low?
The operating margin of 25.08% is 13% below its 5-year average of 28.81%, around the middle of its 5-year range (-22.28%–46.67%).
0.42% below its 12-month average of 25.18%.
Reported quarterly operating margin; no daily interpolation.
OPERATING MARGIN
25.08%
OPERATING MARGIN AVG TTM
25.18%
OPERATING MARGIN AVG 3Y
25.71%
OPERATING MARGIN AVG 5Y
28.81%
OPERATING MARGIN AVG 10Y
27.63%
OPERATING MARGIN AVG 15Y
27.90%
OPERATING MARGIN AVG 20Y
27.26%
CURRENT VS TTM AVG
-0.42%
CURRENT VS 3Y AVG
-2.44%
CURRENT VS 5Y AVG
-12.93%
CURRENT VS 10Y AVG
-9.23%
CURRENT VS 15Y AVG
-10.11%
CURRENT VS 20Y AVG
-7.98%
SECTOR MEDIAN · HEALTHCARE
14.90%
median of 90 covered companies
CURRENT VS SECTOR MEDIAN
+68.32%
vs the sector median at left
Market Cap
$144.93B
Operating Margin
20.42%
TTM Avg
21.31%
3Y Avg
23.25%
5Y Avg
23.28%
Market Cap
$182.27B
Operating Margin
39.74%
TTM Avg
22.76%
3Y Avg
25.11%
5Y Avg
25.54%
Market Cap
$182.92B
Operating Margin
17.03%
TTM Avg
17.21%
3Y Avg
17.41%
5Y Avg
17.71%
Market Cap
$134.42B
Operating Margin
38.59%
TTM Avg
18.66%
3Y Avg
31.09%
5Y Avg
34.52%
Market Cap
$132.02B
Operating Margin
28.27%
TTM Avg
24.24%
3Y Avg
21.84%
5Y Avg
19.75%
Market Cap
$123.92B
Operating Margin
31.28%
TTM Avg
28.70%
3Y Avg
26.89%
5Y Avg
27.25%
| NAME | MARKET CAP | OPERATING MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Pfizer Inc. (PFE) | $158.76B | 25.08% | 25.18% | 25.71% | 28.81% |
| Danaher Corporation (DHR)vs › | $144.93B | 20.42% | 21.31% | 23.25% | 23.28% |
| Gilead Sciences, Inc. (GILD)vs › | $182.27B | 39.74% | 22.76% | 25.11% | 25.54% |
| Abbott Laboratories (ABT)vs › | $182.92B | 17.03% | 17.21% | 17.41% | 17.71% |
| Vertex Pharmaceuticals Incorporated (VRTX)vs › | $134.42B | 38.59% | 18.66% | 31.09% | 34.52% |
| Bristol-Myers Squibb Company (BMY)vs › | $132.02B | 28.27% | 24.24% | 21.84% | 19.75% |
| Intuitive Surgical, Inc. (ISRG)vs › | $123.92B | 31.28% | 28.70% | 26.89% | 27.25% |
| CVS Health Corp. (CVS)vs › | $123.17B | 2.00% | 2.43% | 2.79% | 3.48% |
| Medtronic plc (MDT)vs › | $118.35B | 18.08% | 17.77% | 17.25% | 17.00% |
| Novo Nordisk A/S (NVO)vs › | $201.12B | 43.10% | 42.74% | 42.98% | 42.70% |
Gross Margin
71.3%
Operating Margin
25.1%
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 |
|---|---|
| 2026-06-28 | 31.30% |
| 2026-03-29 | 27.90% |
| 2025-12-31 | 21.01% |
| 2025-09-28 | 21.32% |
| 2025-06-29 | 24.40% |
| 2025-03-29 | 33.71% |
| 2024-12-31 | 32.23% |
| 2024-09-29 | 28.06% |
| 2024-06-30 | 14.15% |
| 2024-03-31 | 30.64% |
| 2023-12-31 | -8.67% |
| 2023-10-01 | -22.28% |
| 2023-07-02 | 18.07% |
| 2023-04-02 | 36.16% |
| 2022-12-31 | 22.02% |
| 2022-10-02 | 42.84% |
| 2022-07-03 | 46.67% |
| 2022-04-03 | 39.14% |
| 2021-12-31 | 13.76% |
| 2021-10-03 | 32.24% |
| 2021-07-04 | 31.68% |
| 2021-04-04 | 33.14% |
| 2020-12-31 | 7.92% |
| 2020-09-27 | 24.33% |
| 2020-06-28 | 25.46% |
| 2020-03-29 | 30.78% |
| 2019-12-31 | 16.11% |
| 2019-09-29 | 26.57% |
| 2019-06-30 | 31.69% |
| 2019-03-31 | 34.30% |
| 2018-12-31 | 23.29% |
| 2018-09-30 | 29.30% |
| 2018-07-01 | 30.17% |
| 2018-04-01 | 31.37% |
| 2017-12-31 | 18.13% |
| 2017-10-01 | 29.47% |
| 2017-07-02 | 30.03% |
| 2017-04-02 | 32.49% |
| 2016-12-31 | 18.69% |
| 2016-10-02 | 28.18% |
| 2016-07-03 | 28.85% |
| 2016-04-03 | 31.00% |
| 2015-12-31 | 16.10% |
| 2015-09-27 | 32.59% |
| 2015-06-28 | 31.06% |
| 2015-03-29 | 27.13% |
| 2014-12-31 | 17.36% |
| 2014-09-28 | 29.63% |
| 2014-06-29 | 31.56% |
| 2014-03-30 | 23.64% |
| 2013-12-31 | 27.13% |
| 2013-09-29 | 33.35% |
| 2013-06-30 | 32.50% |
| 2013-03-31 | 31.33% |
| 2012-12-31 | 24.62% |
| 2012-09-30 | 30.45% |
| 2012-07-01 | 35.45% |
| 2012-04-01 | 31.20% |
| 2011-12-31 | 25.55% |
| 2011-10-02 | 29.56% |
| 2011-07-03 | 26.19% |
| 2011-04-03 | 26.45% |
| 2010-12-31 | 13.43% |
| 2010-10-03 | 14.02% |
| 2010-07-04 | 29.61% |
| 2010-04-04 | 23.64% |
| 2009-12-31 | 20.72% |
| 2009-09-27 | 37.21% |
| 2009-06-28 | 32.59% |
| 2009-03-29 | 39.57% |
| 2008-12-31 | 32.92% |
| 2008-09-28 | 21.06% |
| 2008-06-29 | 22.33% |
| 2008-03-30 | 28.11% |
| 2007-12-31 | 20.02% |
| 2007-09-30 | 6.93% |
| 2007-07-01 | 19.70% |
| 2007-04-01 | 38.05% |
| 2006-12-31 | 20.61% |
| 2006-10-01 | 31.49% |
| 2006-07-02 | 29.85% |
| 2006-04-02 | 35.24% |
| 2005-12-31 | 26.77% |
| 2005-10-02 | 30.61% |
| 2005-07-03 | 27.24% |
| 2005-04-03 | 31.85% |
| 2004-12-31 | 31.46% |
| 2004-09-26 | 34.48% |
| 2004-06-27 | 29.45% |
| 2004-03-28 | 40.93% |
| 2003-12-31 | 19.72% |
| 2003-09-28 | 20.84% |
| 2003-06-29 | 18.92% |
| 2003-03-30 | 40.99% |
| 2002-12-31 | 46.16% |
| 2002-09-29 | 36.65% |
