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 13.40% is 11% below its 5-year average of 15.11%, near the low end of its 5-year range (11.75%–18.19%).
3.13% below its 12-month average of 13.83%.
Reported quarterly operating margin; no daily interpolation.
OPERATING MARGIN
13.40%
OPERATING MARGIN AVG TTM
13.83%
OPERATING MARGIN AVG 3Y
15.80%
OPERATING MARGIN AVG 5Y
15.11%
OPERATING MARGIN AVG 10Y
11.89%
OPERATING MARGIN AVG 15Y
13.69%
OPERATING MARGIN AVG 20Y
15.67%
CURRENT VS TTM AVG
-3.13%
CURRENT VS 3Y AVG
-15.18%
CURRENT VS 5Y AVG
-11.33%
CURRENT VS 10Y AVG
+12.68%
CURRENT VS 15Y AVG
-2.09%
CURRENT VS 20Y AVG
-14.46%
SECTOR MEDIAN · ENERGY
18.48%
median of 49 covered companies
CURRENT VS SECTOR MEDIAN
-27.49%
vs the sector median at left
Market Cap
$84.25B
Operating Margin
12.97%
TTM Avg
13.09%
3Y Avg
13.00%
5Y Avg
14.24%
Market Cap
$90.70B
Operating Margin
40.31%
TTM Avg
34.31%
3Y Avg
33.92%
5Y Avg
31.49%
Market Cap
$79.50B
Operating Margin
27.54%
TTM Avg
32.16%
3Y Avg
34.03%
5Y Avg
30.70%
Market Cap
$77.33B
Operating Margin
39.07%
TTM Avg
34.86%
3Y Avg
36.23%
5Y Avg
28.41%
Market Cap
$73.98B
Operating Margin
10.60%
TTM Avg
11.23%
3Y Avg
10.41%
5Y Avg
10.39%
Market Cap
$69.92B
Operating Margin
29.04%
TTM Avg
28.73%
3Y Avg
26.70%
5Y Avg
27.54%
| NAME | MARKET CAP | OPERATING MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Slb N.V. (SLB) | $85.35B | 13.40% | 13.83% | 15.80% | 15.11% |
| Enterprise Products Partners L.P. (EPD)vs › | $84.25B | 12.97% | 13.09% | 13.00% | 14.24% |
| The Williams Companies, Inc. (WMB)vs › | $90.70B | 40.31% | 34.31% | 33.92% | 31.49% |
| Suncor Energy Inc. (SU)vs › | $79.50B | 27.54% | 32.16% | 34.03% | 30.70% |
| Eni S.p.A. (E)vs › | $77.62B | 4.94% | 8.46% | 10.75% | 10.27% |
| EOG Resources, Inc. (EOG)vs › | $77.33B | 39.07% | 34.86% | 36.23% | 28.41% |
| Energy Transfer LP (ET)vs › | $73.98B | 10.60% | 11.23% | 10.41% | 10.39% |
| Kinder Morgan, Inc. (KMI)vs › | $69.92B | 29.04% | 28.73% | 26.70% | 27.54% |
| Phillips 66 (PSX)vs › | $102.27B | 6.67% | 2.14% | 3.95% | 2.34% |
| Canadian Natural Resources Limited (CNQ)vs › | $105.24B | 18.62% | 32.87% | 30.29% | 25.02% |
Gross Margin
16.5%
Operating Margin
13.4%
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 | 11.94% |
| 2026-03-31 | 11.80% |
| 2025-12-31 | 14.95% |
| 2025-09-30 | 14.74% |
| 2025-06-30 | 15.74% |
| 2025-03-31 | 15.76% |
| 2024-12-31 | 18.19% |
| 2024-09-30 | 17.96% |
| 2024-06-30 | 17.45% |
| 2024-03-31 | 16.04% |
| 2023-12-31 | 16.83% |
| 2023-09-30 | 17.46% |
| 2023-06-30 | 16.52% |
| 2023-03-31 | 15.33% |
| 2022-12-31 | 16.42% |
| 2022-09-30 | 15.80% |
| 2022-06-30 | 14.25% |
| 2022-03-31 | 11.93% |
| 2021-12-31 | 13.43% |
| 2021-09-30 | 13.08% |
| 2021-06-30 | 11.75% |
| 2021-03-31 | 9.63% |
| 2020-12-31 | 9.11% |
| 2020-09-30 | 7.84% |
| 2020-06-30 | 3.88% |
| 2020-03-31 | 7.12% |
| 2019-12-31 | 9.52% |
| 2019-09-30 | 10.07% |
| 2019-06-30 | 8.76% |
| 2019-03-31 | 8.15% |
| 2018-12-31 | 8.74% |
| 2018-09-30 | 10.56% |
| 2018-06-30 | 10.06% |
| 2018-03-31 | 9.50% |
| 2017-12-31 | 8.29% |
| 2017-09-30 | 10.17% |
| 2017-06-30 | 9.22% |
| 2017-03-31 | 7.38% |
| 2016-12-31 | 7.80% |
| 2016-09-30 | 7.58% |
| 2016-06-30 | 6.83% |
| 2016-03-31 | 10.89% |
| 2015-12-31 | 13.48% |
| 2015-09-30 | 15.10% |
| 2015-06-30 | 16.37% |
| 2015-03-31 | 17.23% |
| 2014-12-31 | 19.82% |
| 2014-09-30 | 20.01% |
| 2014-06-30 | 19.52% |
| 2014-03-31 | 18.72% |
| 2013-12-31 | 18.54% |
| 2013-09-30 | 19.69% |
| 2013-06-30 | 18.57% |
| 2013-03-31 | 17.21% |
| 2012-12-31 | 17.54% |
| 2012-09-30 | 18.23% |
| 2012-06-30 | 18.13% |
| 2012-03-31 | 16.67% |
| 2011-12-31 | 17.84% |
| 2011-09-30 | 17.40% |
| 2011-06-30 | 16.32% |
| 2011-03-31 | 15.00% |
| 2010-12-31 | 15.61% |
| 2010-09-30 | 15.47% |
| 2010-06-30 | 16.74% |
| 2010-03-31 | 16.15% |
| 2009-12-31 | 17.19% |
| 2009-09-30 | 17.68% |
| 2009-06-30 | 13.89% |
| 2009-03-31 | 18.89% |
| 2008-12-31 | 20.83% |
| 2008-09-30 | 26.34% |
| 2008-06-30 | 26.21% |
| 2008-03-31 | 25.11% |
| 2007-12-31 | 26.72% |
| 2007-09-30 | 28.20% |
| 2007-06-30 | 28.16% |
| 2007-03-31 | 28.16% |
| 2006-12-31 | 26.99% |
| 2006-09-30 | 26.42% |
| 2006-06-30 | 24.30% |
| 2006-03-31 | 23.69% |
| 2005-12-31 | 14.65% |
| 2005-09-30 | 20.93% |
| 2005-06-30 | 19.10% |
| 2005-03-31 | 21.68% |
| 2004-12-31 | 12.80% |
| 2004-09-30 | 14.29% |
| 2004-06-30 | 14.29% |
| 2004-03-31 | 13.36% |
| 2003-12-31 | 11.88% |
| 2003-09-30 | -1.28% |
| 2003-06-30 | 10.56% |
| 2003-03-31 | 9.09% |
| 2002-12-31 | -87.21% |
| 2002-09-30 | 9.20% |
