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 14.68% is 12% above its 5-year average of 13.09%, near the high end of its 5-year range (-1.93%–17.80%).
1.54% below its 12-month average of 14.91%.
Reported quarterly operating margin; no daily interpolation. Q2 FY2026 (2026-06-30): 13.33%.
OPERATING MARGIN
14.68%
OPERATING MARGIN AVG TTM
14.91%
OPERATING MARGIN AVG 3Y
14.70%
OPERATING MARGIN AVG 5Y
13.09%
OPERATING MARGIN AVG 10Y
N/A
OPERATING MARGIN AVG 15Y
N/A
OPERATING MARGIN AVG 20Y
N/A
CURRENT VS TTM AVG
-1.54%
CURRENT VS 3Y AVG
-0.16%
CURRENT VS 5Y AVG
+12.16%
CURRENT VS 10Y AVG
N/A
CURRENT VS 15Y AVG
N/A
CURRENT VS 20Y AVG
N/A
SECTOR MEDIAN · FINANCIAL SERVICES
16.09%
median of 716 covered companies
CURRENT VS SECTOR MEDIAN
-8.76%
vs the sector median at left
Skyward Specialty Insurance Group, Inc.
Market Cap
$2.29B
Operating Margin
14.68%
TTM Avg
14.91%
3Y Avg
14.70%
5Y Avg
13.09%
Market Cap
$2.29B
Operating Margin
21.15%
TTM Avg
24.27%
3Y Avg
31.54%
5Y Avg
42.14%
Market Cap
$2.28B
Operating Margin
4.80%
TTM Avg
-6.96%
3Y Avg
-17.63%
5Y Avg
-8.70%
Market Cap
$2.28B
Operating Margin
29.45%
TTM Avg
27.38%
3Y Avg
30.71%
5Y Avg
30.72%
Market Cap
$2.27B
Operating Margin
34.05%
TTM Avg
30.19%
3Y Avg
32.18%
5Y Avg
33.85%
Market Cap
$2.25B
Operating Margin
15.52%
TTM Avg
8.64%
3Y Avg
12.84%
5Y Avg
15.04%
Market Cap
$2.22B
Operating Margin
18.81%
TTM Avg
18.81%
3Y Avg
18.81%
5Y Avg
18.81%
| NAME | MARKET CAP | OPERATING MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Skyward Specialty Insurance Group, Inc. (SKWD) | $2.29B | 14.68% | 14.91% | 14.70% | 13.09% |
| Merchants Bancorp (MBIN)vs › | $2.29B | 21.15% | 24.27% | 31.54% | 42.14% |
| Upstart Holdings, Inc. (UPST)vs › | $2.28B | 4.80% | -6.96% | -17.63% | -8.70% |
| Banner Corporation (BANR)vs › | $2.28B | 29.45% | 27.38% | 30.71% | 30.72% |
| Stock Yards Bancorp, Inc. (SYBT)vs › | $2.27B | 34.05% | 30.19% | 32.18% | 33.85% |
| Brighthouse Financial, Inc. (BHFAP)vs › | $2.25B | 15.52% | 8.64% | 12.84% | 15.04% |
| Ethos Technologies Inc. (LIFE)vs › | $2.22B | 18.81% | 18.81% | 18.81% | 18.81% |
| eToro Group Ltd. (ETOR)vs › | $2.22B | 3.75% | 2.06% | 0.59% | -1.21% |
| WaFd, Inc. (WAFD)vs › | $2.21B | 23.63% | 19.20% | 27.25% | 29.28% |
| Nuveen Quality Municipal Income Fund (NAD)vs › | $2.37B | 69.73% | 170.78% | -122.92% | -51.58% |
Operating Margin
14.7%
Gross margin is not shown for a lender or insurer: its revenue is interest, premiums and fees rather than the sale of goods, so there is no cost of goods sold to measure it against.
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 | 13.33% |
| 2026-03-31 | 15.69% |
| 2025-12-31 | 14.17% |
| 2025-09-30 | 15.84% |
| 2025-06-30 | 15.52% |
| 2025-03-31 | 15.56% |
| 2024-12-31 | 6.09% |
| 2024-09-30 | 15.51% |
| 2024-06-30 | 14.55% |
| 2024-03-31 | 17.80% |
| 2023-12-31 | 15.09% |
| 2023-09-30 | 11.62% |
| 2023-06-30 | 11.77% |
| 2023-03-31 | 10.13% |
| 2022-12-31 | 13.74% |
| 2022-09-30 | -1.93% |
| 2022-06-30 | 4.48% |
| 2022-03-31 | 14.35% |
| 2021-12-31 | 1.13% |
| 2021-09-30 | 9.28% |
| 2021-06-30 | 14.16% |
| 2021-03-31 | 13.85% |
| 2020-12-31 | -19.87% |
| 2020-09-30 | -19.87% |
| 2020-06-30 | -19.87% |
| 2020-03-31 | -19.87% |
