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 25.56% is 24% below its 5-year average of 33.42%, near the low end of its 5-year range (17.83%–65.14%).
1.93% below its 12-month average of 26.06%.
Reported quarterly operating margin; no daily interpolation.
OPERATING MARGIN
25.56%
OPERATING MARGIN AVG TTM
26.06%
OPERATING MARGIN AVG 3Y
27.73%
OPERATING MARGIN AVG 5Y
33.42%
OPERATING MARGIN AVG 10Y
33.68%
OPERATING MARGIN AVG 15Y
33.47%
OPERATING MARGIN AVG 20Y
19.71%
CURRENT VS TTM AVG
-1.93%
CURRENT VS 3Y AVG
-7.83%
CURRENT VS 5Y AVG
-23.52%
CURRENT VS 10Y AVG
-24.11%
CURRENT VS 15Y AVG
-23.64%
CURRENT VS 20Y AVG
+29.65%
SECTOR MEDIAN · HEALTHCARE
14.90%
median of 90 covered companies
CURRENT VS SECTOR MEDIAN
+71.54%
vs the sector median at left
Regeneron Pharmaceuticals, Inc.
Market Cap
$83.48B
Operating Margin
25.56%
TTM Avg
26.06%
3Y Avg
27.73%
5Y Avg
33.42%
Market Cap
$87.04B
Operating Margin
15.48%
TTM Avg
15.38%
3Y Avg
15.15%
5Y Avg
15.20%
Market Cap
$87.17B
Operating Margin
3.51%
TTM Avg
4.55%
3Y Avg
4.90%
5Y Avg
5.40%
Market Cap
$66.86B
Operating Margin
21.46%
TTM Avg
17.76%
3Y Avg
16.30%
5Y Avg
14.57%
Market Cap
$104.10B
Operating Margin
1.62%
TTM Avg
1.41%
3Y Avg
1.42%
5Y Avg
1.37%
| NAME | MARKET CAP | OPERATING MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Regeneron Pharmaceuticals, Inc. (REGN) | $83.48B | 25.56% | 26.06% | 27.73% | 33.42% |
| HCA Healthcare, Inc. (HCA)vs › | $87.04B | 15.48% | 15.38% | 15.15% | 15.20% |
| Elevance Health Inc. (ELV)vs › | $87.17B | 3.51% | 4.55% | 4.90% | 5.40% |
| Cigna Corporation (CI)vs › | $72.89B | 3.46% | 3.56% | 4.04% | 4.30% |
| GSK plc (GSK)vs › | $97.25B | 20.72% | 19.17% | 20.63% | 20.79% |
| Boston Scientific Corporation (BSX)vs › | $66.86B | 21.46% | 17.76% | 16.30% | 14.57% |
| Sanofi (SNY)vs › | $103.62B | 14.74% | 18.46% | 19.67% | 22.87% |
| Cencora, Inc. (COR)vs › | $63.17B | 1.30% | 1.08% | 1.06% | 1.09% |
| McKesson Corporation (MCK)vs › | $104.10B | 1.62% | 1.41% | 1.42% | 1.37% |
| Stryker Corporation (SYK)vs › | $105.97B | 22.03% | 20.93% | 20.75% | 21.02% |
Gross Margin
84.9%
Operating Margin
25.6%
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 | 33.11% |
| 2026-03-31 | 17.83% |
| 2025-12-31 | 22.65% |
| 2025-09-30 | 27.35% |
| 2025-06-30 | 29.37% |
| 2025-03-31 | 19.54% |
| 2024-12-31 | 26.13% |
| 2024-09-30 | 31.70% |
| 2024-06-30 | 30.15% |
| 2024-03-31 | 23.89% |
| 2023-12-31 | 30.59% |
| 2023-09-30 | 36.01% |
| 2023-06-30 | 32.19% |
| 2023-03-31 | 31.71% |
| 2022-12-31 | 38.53% |
| 2022-09-30 | 41.68% |
| 2022-06-30 | 45.74% |
| 2022-03-31 | 43.39% |
| 2021-12-31 | 53.31% |
| 2021-09-30 | 53.50% |
| 2021-06-30 | 65.14% |
| 2021-03-31 | 44.00% |
| 2020-12-31 | 48.17% |
| 2020-09-30 | 45.91% |
| 2020-06-30 | 33.63% |
| 2020-03-31 | 38.29% |
| 2019-12-31 | 36.26% |
| 2019-09-30 | 42.35% |
| 2019-06-30 | 20.00% |
| 2019-03-31 | 34.97% |
| 2018-12-31 | 37.25% |
| 2018-09-30 | 37.69% |
| 2018-06-30 | 38.69% |
| 2018-03-31 | 37.53% |
| 2017-12-31 | 34.05% |
| 2017-09-30 | 37.31% |
| 2017-06-30 | 37.43% |
| 2017-03-31 | 32.64% |
| 2016-12-31 | 28.28% |
| 2016-09-30 | 29.73% |
| 2016-06-30 | 24.05% |
| 2016-03-31 | 27.42% |
| 2015-12-31 | 21.04% |
| 2015-09-30 | 34.50% |
| 2015-06-30 | 34.53% |
| 2015-03-31 | 32.61% |
| 2014-12-31 | 30.83% |
| 2014-09-30 | 25.97% |
| 2014-06-30 | 34.26% |
| 2014-03-31 | 30.61% |
| 2013-12-31 | 34.74% |
| 2013-09-30 | 39.66% |
| 2013-06-30 | 34.55% |
| 2013-03-31 | 34.81% |
| 2012-12-31 | 35.13% |
| 2012-09-30 | 47.32% |
| 2012-06-30 | 29.66% |
| 2012-03-31 | 9.58% |
| 2011-12-31 | -36.92% |
| 2011-09-30 | -56.85% |
| 2011-06-30 | -55.95% |
| 2011-03-31 | -36.52% |
| 2010-12-31 | 7.76% |
| 2010-09-30 | -30.28% |
| 2010-06-30 | -20.47% |
| 2010-03-31 | -27.68% |
| 2009-12-31 | -40.71% |
| 2009-09-30 | -1.10% |
| 2009-06-30 | -18.07% |
| 2009-03-31 | -22.86% |
| 2008-12-31 | -61.96% |
| 2008-09-30 | -30.39% |
| 2008-06-30 | -32.35% |
| 2008-03-31 | -28.22% |
| 2007-12-31 | -17.82% |
| 2007-09-30 | -173.31% |
| 2007-06-30 | -137.89% |
| 2007-03-31 | -213.13% |
| 2006-12-31 | -323.66% |
| 2006-09-30 | -180.86% |
| 2006-06-30 | -125.92% |
| 2006-03-31 | -118.90% |
| 2005-12-31 | -156.76% |
| 2005-09-30 | -212.34% |
| 2005-06-30 | -196.55% |
| 2005-03-31 | -174.84% |
| 2004-12-31 | 8.44% |
| 2004-09-30 | -25.96% |
| 2004-06-30 | -44.49% |
| 2004-03-31 | 38.38% |
| 2003-12-31 | 380.85% |
| 2003-09-30 | -147.79% |
| 2003-06-30 | -255.72% |
| 2003-03-31 | -279.98% |
| 2002-12-31 | 1263.09% |
| 2002-09-30 | -490.05% |