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 19.15% is 15% above its 5-year average of 16.70%, near the high end of its 5-year range (-25.52%–21.97%).
As of the fiscal period ended Tuesday, June 30, 2026. 2.67% above its 12-month average of 18.65%.
Reported quarterly operating margin; no daily interpolation.
OPERATING MARGIN
19.15%
OPERATING MARGIN AVG TTM
18.65%
OPERATING MARGIN AVG 3Y
17.20%
OPERATING MARGIN AVG 5Y
16.70%
OPERATING MARGIN AVG 10Y
16.02%
OPERATING MARGIN AVG 15Y
15.08%
OPERATING MARGIN AVG 20Y
14.35%
CURRENT VS TTM AVG
+2.67%
CURRENT VS 3Y AVG
+11.32%
CURRENT VS 5Y AVG
+14.67%
CURRENT VS 10Y AVG
+19.51%
CURRENT VS 15Y AVG
+26.99%
CURRENT VS 20Y AVG
+33.47%
SECTOR MEDIAN · HEALTHCARE
15.30%
median of 76 covered companies
CURRENT VS SECTOR MEDIAN
+25.14%
vs the sector median at left
Market Cap
$23.73B
Operating Margin
-158.13%
TTM Avg
-140.72%
3Y Avg
-73.36%
5Y Avg
-52.24%
Market Cap
$22.48B
Operating Margin
44.49%
TTM Avg
47.77%
3Y Avg
49.26%
5Y Avg
45.01%
Market Cap
$24.64B
Operating Margin
31.57%
TTM Avg
14.26%
3Y Avg
15.92%
5Y Avg
12.23%
Market Cap
$24.78B
Operating Margin
20.64%
TTM Avg
20.32%
3Y Avg
22.80%
5Y Avg
22.92%
Market Cap
$26.23B
Operating Margin
14.14%
TTM Avg
14.08%
3Y Avg
14.06%
5Y Avg
16.54%
Market Cap
$26.35B
Operating Margin
11.27%
TTM Avg
9.61%
3Y Avg
9.32%
5Y Avg
13.00%
| NAME | MARKET CAP | OPERATING MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| STERIS plc (STE) | $23.28B | 19.15% | 18.65% | 17.20% | 16.70% |
| BioNTech SE (BNTX)vs › | $23.31B | -22.63% | -35.20% | 5.18% | 14.03% |
| Moderna, Inc. (MRNA)vs › | $23.73B | -158.13% | -140.72% | -73.36% | -52.24% |
| United Therapeutics Corporation (UTHR)vs › | $22.48B | 44.49% | 47.77% | 49.26% | 45.01% |
| Incyte Corporation (INCY)vs › | $24.64B | 31.57% | 14.26% | 15.92% | 12.23% |
| West Pharmaceutical Services, Inc. (WST)vs › | $24.78B | 20.64% | 20.32% | 22.80% | 22.92% |
| Quest Diagnostics Incorporated (DGX)vs › | $26.23B | 14.14% | 14.08% | 14.06% | 16.54% |
| Labcorp Holdings Inc. (LH)vs › | $26.35B | 11.27% | 9.61% | 9.32% | 13.00% |
| Viatris Inc. (VTRS)vs › | $18.96B | -18.62% | -9.28% | -0.91% | -0.93% |
| Zimmer Biomet Holdings, Inc. (ZBH)vs › | $18.92B | 15.73% | 16.64% | 15.15% | 12.43% |
Gross Margin
44.0%
Operating Margin
19.1%
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 | 19.15% |
| 2026-03-31 | 19.94% |
| 2025-12-31 | 18.11% |
| 2025-09-30 | 18.35% |
| 2025-06-30 | 17.68% |
| 2025-03-31 | 14.60% |
| 2024-12-31 | 17.90% |
| 2024-09-30 | 16.53% |
| 2024-06-30 | 14.50% |
| 2024-03-31 | 21.97% |
| 2023-12-31 | 17.45% |
| 2023-09-30 | 15.47% |
| 2023-06-30 | 16.71% |
| 2023-03-31 | 16.28% |
| 2022-12-31 | 15.69% |
| 2022-09-30 | -25.52% |
| 2022-06-30 | 13.70% |
| 2022-03-31 | 7.59% |
| 2021-12-31 | 16.79% |
| 2021-09-30 | 9.73% |
| 2021-06-30 | 1.48% |
| 2021-03-31 | 16.72% |
| 2020-12-31 | 18.18% |
| 2020-09-30 | 18.68% |
| 2020-06-30 | 17.31% |
| 2020-03-31 | 19.17% |
| 2019-12-31 | 18.39% |
| 2019-09-30 | 17.20% |
| 2019-06-30 | 15.80% |
| 2019-03-31 | 18.34% |
| 2018-12-31 | 9.99% |
| 2018-09-30 | 15.70% |
| 2018-06-30 | 14.78% |
| 2018-03-31 | 15.87% |
| 2017-12-31 | 15.60% |
| 2017-09-30 | 15.54% |
| 2017-06-30 | 14.04% |
| 2017-03-31 | 8.61% |
| 2016-12-31 | 4.00% |
| 2016-09-30 | 10.76% |
| 2016-06-30 | 11.52% |
| 2016-03-31 | 14.39% |
| 2015-12-31 | 7.55% |
| 2015-09-30 | 4.63% |
| 2015-06-30 | 10.05% |
| 2015-03-31 | 13.61% |
| 2014-12-31 | 12.96% |
| 2014-09-30 | 11.55% |
| 2014-06-30 | 10.70% |
| 2014-03-31 | 12.81% |
| 2013-12-31 | 13.78% |
| 2013-09-30 | 13.11% |
| 2013-06-30 | 11.16% |
| 2013-03-31 | 15.20% |
| 2012-12-31 | 17.65% |
| 2012-09-30 | 17.48% |
| 2012-06-30 | 14.33% |
| 2012-03-31 | 18.97% |
| 2011-12-31 | 15.12% |
| 2011-09-30 | 13.90% |
| 2011-06-30 | 14.72% |
| 2011-03-31 | 15.21% |
| 2010-12-31 | 10.91% |
| 2010-09-30 | 17.57% |
| 2010-06-30 | -33.34% |
| 2010-03-31 | 15.46% |
| 2009-12-31 | 18.13% |
| 2009-09-30 | 15.93% |
| 2009-06-30 | 15.12% |
| 2009-03-31 | 13.83% |
| 2008-12-31 | 14.34% |
| 2008-09-30 | 14.54% |
| 2008-06-30 | 11.25% |
| 2008-03-31 | 11.21% |
| 2007-12-31 | 10.66% |
| 2007-09-30 | 8.97% |
| 2007-06-30 | 7.68% |
| 2007-03-31 | 14.82% |
| 2006-12-31 | 11.32% |
| 2006-09-30 | 32.53% |
| 2006-06-30 | 9.61% |
| 2006-03-31 | 5.62% |
| 2005-12-31 | 13.58% |
| 2005-09-30 | 32.09% |
| 2005-06-30 | 9.92% |
| 2005-03-31 | 14.63% |
| 2004-12-31 | 14.09% |
| 2004-09-30 | 11.65% |
| 2004-06-30 | 11.00% |
| 2004-03-31 | 14.86% |
| 2003-12-31 | 13.79% |
| 2003-09-30 | 12.56% |
| 2003-06-30 | 10.11% |
| 2003-03-31 | 15.33% |
| 2002-12-31 | 13.93% |
| 2002-09-30 | 12.54% |
