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 10.57% is 33% below its 5-year average of 15.72%, near the low end of its 5-year range (6.13%–26.91%).
6.13% above its 12-month average of 9.96%.
Reported quarterly operating margin; no daily interpolation. Q2 FY2026 (2026-06-30): 12.57%.
OPERATING MARGIN
10.57%
OPERATING MARGIN AVG TTM
9.96%
OPERATING MARGIN AVG 3Y
10.64%
OPERATING MARGIN AVG 5Y
15.72%
OPERATING MARGIN AVG 10Y
13.43%
OPERATING MARGIN AVG 15Y
9.73%
OPERATING MARGIN AVG 20Y
11.18%
CURRENT VS TTM AVG
+6.13%
CURRENT VS 3Y AVG
-0.63%
CURRENT VS 5Y AVG
-32.76%
CURRENT VS 10Y AVG
-21.31%
CURRENT VS 15Y AVG
+8.68%
CURRENT VS 20Y AVG
-5.45%
SECTOR MEDIAN · BASIC MATERIALS
16.68%
median of 54 covered companies
CURRENT VS SECTOR MEDIAN
-36.65%
vs the sector median at left
Steel Dynamics, Inc.
Market Cap
$33.60B
Operating Margin
10.57%
TTM Avg
9.96%
3Y Avg
10.64%
5Y Avg
15.72%
Market Cap
$31.52B
Operating Margin
16.47%
TTM Avg
8.18%
3Y Avg
15.04%
5Y Avg
14.83%
Market Cap
$31.27B
Operating Margin
19.92%
TTM Avg
19.23%
3Y Avg
17.45%
5Y Avg
17.74%
Market Cap
$29.49B
Operating Margin
21.09%
TTM Avg
32.34%
3Y Avg
26.96%
5Y Avg
24.51%
Market Cap
$23.27B
Operating Margin
12.48%
TTM Avg
14.04%
3Y Avg
12.82%
5Y Avg
12.37%
Market Cap
$21.33B
Operating Margin
63.14%
TTM Avg
62.41%
3Y Avg
55.77%
5Y Avg
54.80%
Market Cap
$21.17B
Operating Margin
7.78%
TTM Avg
7.20%
3Y Avg
-3.66%
5Y Avg
0.25%
| NAME | MARKET CAP | OPERATING MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Steel Dynamics, Inc. (STLD) | $33.60B | 10.57% | 9.96% | 10.64% | 15.72% |
| Teck Resources Limited (TECK)vs › | $31.52B | 16.47% | 8.18% | 15.04% | 14.83% |
| Vulcan Materials Company (VMC)vs › | $31.27B | 19.92% | 19.23% | 17.45% | 17.74% |
| Nutrien Ltd. (NTR)vs › | $37.09B | 14.69% | 12.88% | 16.89% | 14.85% |
| Martin Marietta Materials, Inc. (MLM)vs › | $29.49B | 21.09% | 32.34% | 26.96% | 24.51% |
| PPG Industries, Inc. (PPG)vs › | $23.27B | 12.48% | 14.04% | 12.82% | 12.37% |
| Royal Gold, Inc. (RGLD)vs › | $21.33B | 63.14% | 62.41% | 55.77% | 54.80% |
| International Flavors & Fragrances Inc. (IFF)vs › | $21.17B | 7.78% | 7.20% | -3.66% | 0.25% |
| Dow Inc. (DOW)vs › | $20.76B | -0.08% | 2.73% | 5.11% | 6.91% |
| Coeur Mining, Inc. (CDE)vs › | $20.48B | 35.02% | 25.93% | 10.54% | 15.78% |
Gross Margin
14.6%
Operating Margin
10.6%
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 | 12.57% |
| 2026-03-31 | 11.30% |
| 2025-12-31 | 7.03% |
| 2025-09-30 | 10.52% |
| 2025-06-30 | 8.39% |
| 2025-03-31 | 6.30% |
| 2024-12-31 | 6.13% |
| 2024-09-30 | 9.11% |
| 2024-06-30 | 12.07% |
| 2024-03-31 | 16.00% |
| 2023-12-31 | 12.25% |
| 2023-09-30 | 15.99% |
| 2023-06-30 | 20.93% |
| 2023-03-31 | 17.07% |
| 2022-12-31 | 15.73% |
| 2022-09-30 | 21.58% |
| 2022-06-30 | 26.04% |
| 2022-03-31 | 26.84% |
| 2021-12-31 | 26.91% |
| 2021-09-30 | 25.98% |
| 2021-06-30 | 21.40% |
| 2021-03-31 | 16.76% |
| 2020-12-31 | 9.95% |
| 2020-09-30 | 6.69% |
| 2020-06-30 | 7.58% |
| 2020-03-31 | 10.63% |
| 2019-12-31 | 7.74% |
| 2019-09-30 | 9.02% |
| 2019-06-30 | 10.29% |
| 2019-03-31 | 10.36% |
| 2018-12-31 | 12.59% |
| 2018-09-30 | 16.49% |
| 2018-06-30 | 16.24% |
| 2018-03-31 | 12.42% |
| 2017-12-31 | 8.39% |
| 2017-09-30 | 11.09% |
| 2017-06-30 | 11.10% |
| 2017-03-31 | 14.13% |
| 2016-12-31 | 2.93% |
| 2016-09-30 | 13.51% |
| 2016-06-30 | 12.65% |
| 2016-03-31 | 7.58% |
| 2015-12-31 | -23.96% |
| 2015-09-30 | 6.72% |
| 2015-06-30 | 3.87% |
| 2015-03-31 | 4.87% |
| 2014-12-31 | -3.22% |
| 2014-09-30 | 8.07% |
| 2014-06-30 | 6.37% |
| 2014-03-31 | 4.42% |
| 2013-12-31 | 5.78% |
| 2013-09-30 | 5.93% |
| 2013-06-30 | 3.84% |
| 2013-03-31 | 5.36% |
| 2012-12-31 | 5.57% |
| 2012-09-30 | 4.29% |
| 2012-06-30 | 5.43% |
| 2012-03-31 | 6.05% |
| 2011-12-31 | 4.44% |
| 2011-09-30 | 5.32% |
| 2011-06-30 | 9.05% |
| 2011-03-31 | 10.18% |
| 2010-12-31 | 3.06% |
| 2010-09-30 | 4.36% |
| 2010-06-30 | 7.14% |
| 2010-03-31 | 8.50% |
| 2009-12-31 | 6.65% |
| 2009-09-30 | 12.66% |
| 2009-06-30 | 0.79% |
| 2009-03-31 | -13.95% |
| 2008-12-31 | -7.51% |
| 2008-09-30 | 13.11% |
| 2008-06-30 | 14.90% |
| 2008-03-31 | 13.24% |
| 2007-12-31 | 12.28% |
| 2007-09-30 | 15.04% |
| 2007-06-30 | 18.40% |
| 2007-03-31 | 19.79% |
| 2006-12-31 | 20.87% |
| 2006-09-30 | 21.78% |
| 2006-06-30 | 18.77% |
| 2006-03-31 | 19.69% |
| 2005-12-31 | 19.99% |
| 2005-09-30 | 16.41% |
| 2005-06-30 | 16.69% |
| 2005-03-31 | 18.63% |
| 2004-12-31 | 23.32% |
| 2004-09-30 | 30.45% |
| 2004-06-30 | 21.90% |
| 2004-03-31 | 15.24% |
| 2003-12-31 | 7.87% |
| 2003-09-30 | 9.00% |
| 2003-06-30 | 7.88% |
| 2003-03-31 | 14.67% |
| 2002-12-31 | 24.38% |
| 2002-09-30 | 23.71% |
