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 30.66% is in line with its 5-year average of 29.72%, around the middle of its 5-year range (23.66%–34.97%).
As of the fiscal period ended Tuesday, June 30, 2026. 8.60% below its 12-month average of 33.54%.
Reported quarterly operating margin; no daily interpolation.
OPERATING MARGIN
30.66%
OPERATING MARGIN AVG TTM
33.54%
OPERATING MARGIN AVG 3Y
32.73%
OPERATING MARGIN AVG 5Y
29.72%
OPERATING MARGIN AVG 10Y
26.98%
OPERATING MARGIN AVG 15Y
25.96%
OPERATING MARGIN AVG 20Y
24.74%
CURRENT VS TTM AVG
-8.60%
CURRENT VS 3Y AVG
-6.34%
CURRENT VS 5Y AVG
+3.15%
CURRENT VS 10Y AVG
+13.64%
CURRENT VS 15Y AVG
+18.07%
CURRENT VS 20Y AVG
+23.93%
SECTOR MEDIAN · HEALTHCARE
15.30%
median of 76 covered companies
CURRENT VS SECTOR MEDIAN
+100.37%
vs the sector median at left
Market Cap
$32.86B
Operating Margin
12.70%
TTM Avg
13.37%
3Y Avg
13.23%
5Y Avg
14.11%
Market Cap
$31.06B
Operating Margin
28.22%
TTM Avg
28.07%
3Y Avg
28.30%
5Y Avg
28.33%
Market Cap
$29.60B
Operating Margin
20.81%
TTM Avg
2.82%
3Y Avg
-21.37%
5Y Avg
-56.25%
| NAME | MARKET CAP | OPERATING MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| ResMed Inc. (RMD) | $32.61B | 30.66% | 33.54% | 32.73% | 29.72% |
| GE HealthCare Technologies Inc. (GEHC)vs › | $32.86B | 12.70% | 13.37% | 13.23% | 14.11% |
| Centene Corp. (CNC)vs › | $32.05B | -2.82% | -0.98% | 0.21% | 0.84% |
| Zoetis Inc. (ZTS)vs › | $31.59B | 37.00% | 37.33% | 36.70% | 36.14% |
| DexCom, Inc. (DXCM)vs › | $33.79B | 22.92% | 17.22% | 16.09% | 15.13% |
| Waters Corporation (WAT)vs › | $31.06B | 28.22% | 28.07% | 28.30% | 28.33% |
| Biogen Inc. (BIIB)vs › | $30.13B | 12.79% | 22.44% | 23.65% | 25.70% |
| Medline Inc. (MDLN)vs › | $29.63B | 7.04% | 8.25% | 6.70% | 6.70% |
| Alnylam Pharmaceuticals, Inc. (ALNY)vs › | $29.60B | 20.81% | 2.82% | -21.37% | -56.25% |
| Mettler-Toledo International Inc. (MTD)vs › | $29.02B | 28.69% | 28.45% | 28.53% | 27.71% |
Gross Margin
61.1%
Operating Margin
30.7%
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 | 30.66% |
| 2026-03-31 | 34.92% |
| 2025-12-31 | 34.97% |
| 2025-09-30 | 33.43% |
| 2025-06-30 | 33.72% |
| 2025-03-31 | 33.00% |
| 2024-12-31 | 32.54% |
| 2024-09-30 | 31.63% |
| 2024-06-30 | 31.17% |
| 2024-03-31 | 31.29% |
| 2023-12-31 | 23.66% |
| 2023-09-30 | 26.22% |
| 2023-06-30 | 24.53% |
| 2023-03-31 | 26.92% |
| 2022-12-31 | 27.10% |
| 2022-09-30 | 29.02% |
| 2022-06-30 | 27.92% |
| 2022-03-31 | 27.10% |
| 2021-12-31 | 27.79% |
| 2021-09-30 | 28.97% |
| 2021-06-30 | 27.58% |
| 2021-03-31 | 29.06% |
| 2020-12-31 | 27.71% |
| 2020-09-30 | 28.84% |
| 2020-06-30 | 28.98% |
| 2020-03-31 | 28.27% |
| 2019-12-31 | 26.87% |
| 2019-09-30 | 25.12% |
| 2019-06-30 | 17.17% |
| 2019-03-31 | 23.70% |
| 2018-12-31 | 24.13% |
| 2018-09-30 | 24.50% |
| 2018-06-30 | 23.55% |
| 2018-03-31 | 23.05% |
| 2017-12-31 | 24.28% |
| 2017-09-30 | 21.49% |
| 2017-06-30 | 22.88% |
| 2017-03-31 | 20.89% |
| 2016-12-31 | 18.27% |
| 2016-09-30 | 20.23% |
| 2016-06-30 | 22.87% |
| 2016-03-31 | 22.98% |
| 2015-12-31 | 23.76% |
| 2015-09-30 | 23.81% |
| 2015-06-30 | 21.97% |
| 2015-03-31 | 25.06% |
| 2014-12-31 | 25.81% |
| 2014-09-30 | 24.89% |
| 2014-06-30 | 23.72% |
| 2014-03-31 | 26.32% |
| 2013-12-31 | 27.32% |
| 2013-09-30 | 27.09% |
| 2013-06-30 | 26.76% |
| 2013-03-31 | 25.05% |
| 2012-12-31 | 24.45% |
| 2012-09-30 | 23.69% |
| 2012-06-30 | 24.13% |
| 2012-03-31 | 21.93% |
| 2011-12-31 | 20.21% |
| 2011-09-30 | 19.34% |
| 2011-06-30 | 19.51% |
| 2011-03-31 | 63.92% |
| 2010-12-31 | 22.84% |
| 2010-09-30 | 23.54% |
| 2010-06-30 | 23.53% |
| 2010-03-31 | 21.95% |
| 2009-12-31 | 21.05% |
| 2009-09-30 | 21.32% |
| 2009-06-30 | 22.98% |
| 2009-03-31 | 23.05% |
| 2008-12-31 | 19.43% |
| 2008-09-30 | 16.78% |
| 2008-06-30 | 15.73% |
| 2008-03-31 | 17.65% |
| 2007-12-31 | 18.17% |
| 2007-09-30 | 17.10% |
| 2007-06-30 | 18.84% |
| 2007-03-31 | -11.96% |
| 2006-12-31 | 22.81% |
| 2006-09-30 | 21.59% |
| 2006-06-30 | 22.06% |
| 2006-03-31 | 22.64% |
| 2005-12-31 | 22.04% |
| 2005-09-30 | 19.28% |
| 2005-06-30 | 18.94% |
| 2005-03-31 | 24.92% |
| 2004-12-31 | 24.65% |
| 2004-09-30 | 23.89% |
| 2004-06-30 | 26.40% |
| 2004-03-31 | 24.64% |
| 2003-12-31 | 23.57% |
| 2003-09-30 | 26.01% |
| 2003-06-30 | 22.99% |
| 2003-03-31 | 24.79% |
| 2002-12-31 | 24.62% |
| 2002-09-30 | 26.48% |
