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 21.00% is 13% above its 5-year average of 18.57%, around the middle of its 5-year range (3.64%–35.66%).
As of the fiscal period ended Tuesday, June 30, 2026. 17.37% below its 12-month average of 25.41%.
Reported quarterly operating margin; no daily interpolation.
OPERATING MARGIN
21.00%
OPERATING MARGIN AVG TTM
25.41%
OPERATING MARGIN AVG 3Y
19.81%
OPERATING MARGIN AVG 5Y
18.57%
OPERATING MARGIN AVG 10Y
19.10%
OPERATING MARGIN AVG 15Y
19.96%
OPERATING MARGIN AVG 20Y
18.99%
CURRENT VS TTM AVG
-17.37%
CURRENT VS 3Y AVG
+5.97%
CURRENT VS 5Y AVG
+13.10%
CURRENT VS 10Y AVG
+9.95%
CURRENT VS 15Y AVG
+5.19%
CURRENT VS 20Y AVG
+10.58%
SECTOR MEDIAN · UTILITIES
21.54%
median of 44 covered companies
CURRENT VS SECTOR MEDIAN
-2.52%
vs the sector median at left
Pinnacle West Capital Corporation
Market Cap
$12.24B
Operating Margin
21.00%
TTM Avg
25.41%
3Y Avg
19.81%
5Y Avg
18.57%
Market Cap
$10.50B
Operating Margin
17.48%
TTM Avg
16.31%
3Y Avg
17.25%
5Y Avg
19.67%
Market Cap
$10.16B
Operating Margin
10.61%
TTM Avg
15.88%
3Y Avg
20.68%
5Y Avg
27.41%
Market Cap
$15.78B
Operating Margin
7.55%
TTM Avg
4.29%
3Y Avg
4.08%
5Y Avg
-1.76%
Market Cap
$8.31B
Operating Margin
13.13%
TTM Avg
13.31%
3Y Avg
42.54%
5Y Avg
36.45%
Market Cap
$17.92B
Operating Margin
22.10%
TTM Avg
22.88%
3Y Avg
22.81%
5Y Avg
22.43%
Market Cap
$5.68B
Operating Margin
23.88%
TTM Avg
23.46%
3Y Avg
21.26%
5Y Avg
21.88%
| NAME | MARKET CAP | OPERATING MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Pinnacle West Capital Corporation (PNW) | $12.24B | 21.00% | 25.41% | 19.81% | 18.57% |
| The AES Corporation (AES)vs › | $10.50B | 17.48% | 16.31% | 17.25% | 19.67% |
| Brookfield Renewable Partners L.P. (BEP)vs › | $10.16B | 10.61% | 15.88% | 20.68% | 27.41% |
| Talen Energy Corporation (TLN)vs › | $15.78B | 7.55% | 4.29% | 4.08% | -1.76% |
| Oklo Inc. (OKLO)vs › | $8.42B | 0.00% | 0.00% | 0.00% | 0.00% |
| Clearway Energy, Inc. (CWEN-A)vs › | $8.31B | 13.13% | 13.31% | 42.54% | 36.45% |
| UGI Corporation (UGI)vs › | $7.33B | 13.26% | 12.93% | 6.55% | 12.12% |
| Alliant Energy Corporation (LNT)vs › | $17.92B | 22.10% | 22.88% | 22.81% | 22.43% |
| Black Hills Corporation (BKH)vs › | $5.68B | 23.88% | 23.46% | 21.26% | 21.88% |
| Evergy, Inc. (EVRG)vs › | $19.22B | 25.88% | 25.00% | 23.80% | 23.80% |
Gross Margin
25.4%
Operating Margin
21.0%
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 | 21.00% |
| 2026-03-31 | 34.91% |
| 2025-12-31 | 12.85% |
| 2025-09-30 | 35.66% |
| 2025-06-30 | 22.63% |
| 2025-03-31 | 5.54% |
| 2024-12-31 | 7.72% |
| 2024-09-30 | 30.92% |
| 2024-06-30 | 23.97% |
| 2024-03-31 | 7.02% |
| 2023-12-31 | 7.50% |
| 2023-09-30 | 31.52% |
| 2023-06-30 | 16.34% |
| 2023-03-31 | 5.37% |
| 2022-12-31 | 3.64% |
| 2022-09-30 | 28.41% |
| 2022-06-30 | 21.01% |
| 2022-03-31 | 6.95% |
| 2021-12-31 | 6.26% |
| 2021-09-30 | 32.82% |
| 2021-06-30 | 27.83% |
| 2021-03-31 | 6.82% |
| 2020-12-31 | 4.16% |
| 2020-09-30 | 36.27% |
| 2020-06-30 | 28.17% |
| 2020-03-31 | 6.11% |
| 2019-12-31 | 1.79% |
| 2019-09-30 | 33.87% |
| 2019-06-30 | 22.61% |
| 2019-03-31 | 8.11% |
| 2018-12-31 | 8.84% |
| 2018-09-30 | 34.17% |
| 2018-06-30 | 24.86% |
| 2018-03-31 | 4.52% |
| 2017-12-31 | 11.93% |
| 2017-09-30 | 38.84% |
| 2017-06-30 | 31.47% |
| 2017-03-31 | 9.95% |
| 2016-12-31 | 16.61% |
| 2016-09-30 | 38.67% |
| 2016-06-30 | 25.32% |
| 2016-03-31 | 7.41% |
| 2015-12-31 | 14.95% |
| 2015-09-30 | 37.12% |
| 2015-06-30 | 26.05% |
| 2015-03-31 | 10.08% |
| 2014-12-31 | 8.28% |
| 2014-09-30 | 35.97% |
| 2014-06-30 | 28.04% |
| 2014-03-31 | 10.95% |
| 2013-12-31 | 11.99% |
| 2013-09-30 | 36.07% |
| 2013-06-30 | 28.37% |
| 2013-03-31 | 12.66% |
| 2012-12-31 | 14.61% |
| 2012-09-30 | 40.38% |
| 2012-06-30 | 28.97% |
| 2012-03-31 | 7.74% |
| 2011-12-31 | 11.79% |
| 2011-09-30 | 38.67% |
| 2011-06-30 | 24.63% |
| 2011-03-31 | 5.43% |
| 2010-12-31 | 8.68% |
| 2010-09-30 | 35.14% |
| 2010-06-30 | 24.54% |
| 2010-03-31 | 9.10% |
| 2009-12-31 | 3.73% |
| 2009-09-30 | 32.14% |
| 2009-06-30 | 20.46% |
| 2009-03-31 | -31.29% |
| 2008-12-31 | -5.67% |
| 2008-09-30 | 25.55% |
| 2008-06-30 | 19.02% |
| 2008-03-31 | 4.92% |
| 2007-12-31 | 3.33% |
| 2007-09-30 | 29.02% |
| 2007-06-30 | 18.39% |
| 2007-03-31 | 9.81% |
| 2006-12-31 | 8.23% |
| 2006-09-30 | 28.84% |
| 2006-06-30 | 20.67% |
| 2006-03-31 | 8.53% |
| 2005-12-31 | 11.97% |
| 2005-09-30 | 16.96% |
| 2005-06-30 | 23.66% |
| 2005-03-31 | 14.93% |
| 2004-12-31 | 12.35% |
| 2004-09-30 | 23.61% |
| 2004-06-30 | 17.04% |
| 2004-03-31 | 14.66% |
| 2003-12-31 | 15.98% |
| 2003-09-30 | 20.85% |
| 2003-06-30 | 17.49% |
| 2003-03-31 | 11.47% |
| 2002-12-31 | 2.62% |
| 2002-09-30 | 24.34% |
