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 31.66% is 16% above its 5-year average of 27.39%, near the high end of its 5-year range (21.79%–31.66%).
As of the fiscal period ended Tuesday, June 30, 2026. 6.05% above its 12-month average of 29.86%.
Reported quarterly operating margin; no daily interpolation.
OPERATING MARGIN
31.66%
OPERATING MARGIN AVG TTM
29.86%
OPERATING MARGIN AVG 3Y
29.24%
OPERATING MARGIN AVG 5Y
27.39%
OPERATING MARGIN AVG 10Y
25.48%
OPERATING MARGIN AVG 15Y
N/A
OPERATING MARGIN AVG 20Y
N/A
CURRENT VS TTM AVG
+6.05%
CURRENT VS 3Y AVG
+8.28%
CURRENT VS 5Y AVG
+15.61%
CURRENT VS 10Y AVG
+24.26%
CURRENT VS 15Y AVG
N/A
CURRENT VS 20Y AVG
N/A
SECTOR MEDIAN · CONSUMER CYCLICAL
10.96%
median of 88 covered companies
CURRENT VS SECTOR MEDIAN
+188.76%
vs the sector median at left
Market Cap
$71.48B
Operating Margin
23.35%
TTM Avg
21.79%
3Y Avg
22.30%
5Y Avg
16.16%
Market Cap
$77.51B
Operating Margin
19.56%
TTM Avg
19.46%
3Y Avg
19.91%
5Y Avg
20.42%
Market Cap
$79.21B
Operating Margin
0.98%
TTM Avg
4.20%
3Y Avg
5.10%
5Y Avg
5.52%
Market Cap
$81.87B
Operating Margin
12.22%
TTM Avg
12.07%
3Y Avg
11.53%
5Y Avg
10.31%
Market Cap
$85.82B
Operating Margin
27.32%
TTM Avg
26.14%
3Y Avg
16.08%
5Y Avg
-66.10%
| NAME | MARKET CAP | OPERATING MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Ferrari N.V. (RACE) | $72.52B | 31.66% | 29.86% | 29.24% | 27.39% |
| Hilton Worldwide Holdings Inc. (HLT)vs › | $71.48B | 23.35% | 21.79% | 22.30% | 16.16% |
| Sea Limited (SE)vs › | $68.10B | 8.20% | 6.04% | 0.46% | -7.31% |
| O'Reilly Automotive, Inc. (ORLY)vs › | $77.51B | 19.56% | 19.46% | 19.91% | 20.42% |
| Carvana Co. (CVNA)vs › | $77.71B | 8.93% | 8.29% | 1.23% | -0.31% |
| General Motors Company (GM)vs › | $79.21B | 0.98% | 4.20% | 5.10% | 5.52% |
| Ross Stores, Inc. (ROST)vs › | $81.87B | 12.22% | 12.07% | 11.53% | 10.31% |
| NIKE, Inc. (NKE)vs › | $61.71B | 8.19% | 8.09% | 10.00% | 11.65% |
| Royal Caribbean Cruises Ltd. (RCL)vs › | $85.82B | 27.32% | 26.14% | 16.08% | -66.10% |
| Ford Motor Company (F)vs › | $55.75B | 1.97% | 2.05% | 2.80% | 1.88% |
Gross Margin
51.6%
Operating Margin
31.7%
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 | 31.66% |
| 2026-03-31 | 29.88% |
| 2025-12-31 | 28.24% |
| 2025-09-30 | 28.39% |
| 2025-06-30 | 31.10% |
| 2025-03-31 | 30.79% |
| 2024-12-31 | 26.85% |
| 2024-09-30 | 28.58% |
| 2024-06-30 | 29.69% |
| 2024-03-31 | 28.26% |
| 2023-12-31 | 24.49% |
| 2023-09-30 | 27.57% |
| 2023-06-30 | 29.87% |
| 2023-03-31 | 27.28% |
| 2022-12-31 | 22.00% |
| 2022-09-30 | 24.48% |
| 2022-06-30 | 25.20% |
| 2022-03-31 | 26.17% |
| 2021-12-31 | 21.79% |
| 2021-09-30 | 26.19% |
| 2021-06-30 | 26.64% |
| 2021-03-31 | 26.44% |
| 2020-12-31 | 23.69% |
| 2020-09-30 | 25.71% |
| 2020-06-30 | 4.78% |
| 2020-03-31 | 23.72% |
| 2019-12-31 | 23.73% |
| 2019-09-30 | 25.27% |
| 2019-06-30 | 24.65% |
| 2019-03-31 | 23.94% |
| 2018-12-31 | 23.43% |
| 2018-09-30 | 24.66% |
| 2018-06-30 | 24.41% |
| 2018-03-31 | 24.21% |
| 2017-12-31 | 22.81% |
| 2017-09-30 | 24.20% |
| 2017-06-30 | 22.58% |
| 2017-03-31 | 21.71% |
| 2016-12-31 | 18.60% |
| 2016-09-30 | 22.05% |
| 2016-06-30 | 18.31% |
| 2016-03-31 | 18.33% |
| 2015-12-31 | 12.45% |
| 2015-09-30 | 19.48% |
| 2015-06-30 | 16.42% |
| 2015-03-31 | 15.46% |
| 2014-12-31 | 15.82% |
| 2014-09-30 | 13.60% |
| 2014-06-30 | 14.49% |
| 2014-03-31 | 13.00% |
