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 74.92% is in line with its 5-year average of 78.32%, near the low end of its 5-year range (70.54%–86.07%).
0.25% below its 12-month average of 75.11%.
Reported quarterly operating margin; no daily interpolation. Q2 FY2026 (2026-06-30): 77.96%.
OPERATING MARGIN
74.92%
OPERATING MARGIN AVG TTM
75.11%
OPERATING MARGIN AVG 3Y
76.40%
OPERATING MARGIN AVG 5Y
78.32%
OPERATING MARGIN AVG 10Y
80.69%
OPERATING MARGIN AVG 15Y
84.34%
OPERATING MARGIN AVG 20Y
82.69%
CURRENT VS TTM AVG
-0.25%
CURRENT VS 3Y AVG
-1.94%
CURRENT VS 5Y AVG
-4.35%
CURRENT VS 10Y AVG
-7.15%
CURRENT VS 15Y AVG
-11.17%
CURRENT VS 20Y AVG
-9.39%
SECTOR MEDIAN · ENERGY
18.52%
median of 50 covered companies
CURRENT VS SECTOR MEDIAN
+304.64%
vs the sector median at left
Texas Pacific Land Corporation
Market Cap
$23.53B
Operating Margin
74.92%
TTM Avg
75.11%
3Y Avg
76.40%
5Y Avg
78.32%
Market Cap
$25.97B
Operating Margin
34.04%
TTM Avg
33.50%
3Y Avg
35.21%
5Y Avg
27.57%
Market Cap
$20.10B
Operating Margin
17.49%
TTM Avg
-0.77%
3Y Avg
17.98%
5Y Avg
-10.55%
Market Cap
$27.37B
Operating Margin
11.44%
TTM Avg
13.43%
3Y Avg
14.48%
5Y Avg
8.81%
Market Cap
$19.10B
Operating Margin
33.65%
TTM Avg
31.87%
3Y Avg
22.13%
5Y Avg
20.05%
Market Cap
$30.82B
Operating Margin
37.70%
TTM Avg
36.01%
3Y Avg
47.14%
5Y Avg
37.71%
Market Cap
$31.78B
Operating Margin
34.70%
TTM Avg
23.91%
3Y Avg
28.96%
5Y Avg
10.49%
Market Cap
$15.11B
Operating Margin
30.83%
TTM Avg
31.84%
3Y Avg
37.53%
5Y Avg
31.29%
| NAME | MARKET CAP | OPERATING MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Texas Pacific Land Corporation (TPL) | $23.53B | 74.92% | 75.11% | 76.40% | 78.32% |
| Pembina Pipeline Corporation (PBA)vs › | $25.97B | 34.04% | 33.50% | 35.21% | 27.57% |
| Expand Energy Corporation (EXE)vs › | $20.10B | 17.49% | -0.77% | 17.98% | -10.55% |
| Halliburton Company (HAL)vs › | $27.37B | 11.44% | 13.43% | 14.48% | 8.81% |
| First Solar, Inc. (FSLR)vs › | $19.10B | 33.65% | 31.87% | 22.13% | 20.05% |
| Tenaris S.A. (TS)vs › | $29.76B | 18.55% | 19.23% | 23.17% | 15.11% |
| Venture Global, Inc. (VG)vs › | $30.82B | 37.70% | 36.01% | 47.14% | 37.71% |
| EQT Corporation (EQT)vs › | $31.78B | 34.70% | 23.91% | 28.96% | 10.49% |
| APA Corporation (APA)vs › | $15.11B | 30.83% | 31.84% | 37.53% | 31.29% |
| Nextpower Inc. (NXT)vs › | $12.26B | 19.42% | 20.59% | 18.38% | 15.22% |
Gross Margin
85.5%
Operating Margin
74.9%
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 | 77.96% |
| 2026-03-31 | 76.99% |
| 2025-12-31 | 70.54% |
| 2025-09-30 | 73.41% |
| 2025-06-30 | 76.65% |
| 2025-03-31 | 76.57% |
| 2024-12-31 | 76.73% |
| 2024-09-30 | 73.36% |
| 2024-06-30 | 77.30% |
| 2024-03-31 | 78.12% |
| 2023-12-31 | 80.32% |
| 2023-09-30 | 80.37% |
| 2023-06-30 | 74.89% |
| 2023-03-31 | 71.71% |
| 2022-12-31 | 81.35% |
| 2022-09-30 | 84.80% |
| 2022-06-30 | 86.07% |
| 2022-03-31 | 84.37% |
| 2021-12-31 | 85.52% |
| 2021-09-30 | 83.46% |
| 2021-06-30 | 74.29% |
| 2021-03-31 | 73.70% |
| 2020-12-31 | 74.33% |
| 2020-09-30 | 76.29% |
| 2020-06-30 | 60.65% |
| 2020-03-31 | 73.03% |
| 2019-12-31 | 79.73% |
| 2019-09-30 | 74.92% |
| 2019-06-30 | 71.52% |
| 2019-03-31 | 91.55% |
| 2018-12-31 | 83.57% |
| 2018-09-30 | 86.05% |
| 2018-06-30 | 88.71% |
| 2018-03-31 | 90.79% |
| 2017-12-31 | 88.49% |
| 2017-09-30 | 91.98% |
| 2017-06-30 | 90.43% |
| 2017-03-31 | 91.23% |
| 2016-12-31 | 91.51% |
| 2016-09-30 | 91.77% |
| 2016-06-30 | 93.25% |
| 2016-03-31 | 90.79% |
| 2015-12-31 | 90.65% |
| 2015-09-30 | 94.75% |
| 2015-06-30 | 92.82% |
| 2015-03-31 | 97.17% |
| 2014-12-31 | 91.76% |
| 2014-09-30 | 94.05% |
| 2014-06-30 | 94.41% |
| 2014-03-31 | 91.86% |
| 2013-12-31 | 89.13% |
| 2013-09-30 | 94.42% |
| 2013-06-30 | 90.91% |
| 2013-03-31 | 86.87% |
| 2012-12-31 | 79.50% |
| 2012-09-30 | 92.82% |
| 2012-06-30 | 93.31% |
| 2012-03-31 | 93.41% |
| 2011-12-31 | 90.59% |
| 2011-09-30 | 94.00% |
| 2011-06-30 | 93.48% |
| 2011-03-31 | 85.40% |
| 2010-12-31 | 75.46% |
| 2010-09-30 | 82.43% |
| 2010-06-30 | 86.31% |
| 2010-03-31 | 82.14% |
| 2009-12-31 | 69.02% |
| 2009-09-30 | 83.21% |
| 2009-06-30 | 82.30% |
| 2009-03-31 | 64.71% |
| 2008-12-31 | 63.96% |
| 2008-09-30 | 84.94% |
| 2008-06-30 | 83.54% |
| 2008-03-31 | 82.71% |
| 2007-12-31 | 75.31% |
| 2007-09-30 | 71.52% |
| 2007-06-30 | 77.97% |
| 2007-03-31 | 73.83% |
| 2006-12-31 | 54.81% |
| 2006-09-30 | 87.00% |
| 2006-06-30 | 86.01% |
| 2006-03-31 | 80.46% |
| 2005-12-31 | 78.69% |
| 2005-09-30 | 81.54% |
| 2005-06-30 | 84.04% |
| 2005-03-31 | 74.95% |
| 2004-12-31 | 68.09% |
| 2004-09-30 | 93.55% |
| 2004-06-30 | 79.60% |
| 2004-03-31 | 73.64% |
| 2003-12-31 | 75.09% |
| 2003-09-30 | 80.64% |
| 2003-06-30 | 78.97% |
| 2003-03-31 | 68.14% |
| 2002-12-31 | 83.66% |
| 2002-09-30 | 77.20% |
