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 18.55% is 11% below its 5-year average of 20.88%, around the middle of its 5-year range (9.92%–32.63%).
0.35% below its 12-month average of 18.61%.
Reported quarterly operating margin; no daily interpolation. Q2 FY2026 (2026-06-30): 16.65%.
OPERATING MARGIN
18.55%
OPERATING MARGIN AVG TTM
18.61%
OPERATING MARGIN AVG 3Y
19.98%
OPERATING MARGIN AVG 5Y
20.88%
OPERATING MARGIN AVG 10Y
13.52%
OPERATING MARGIN AVG 15Y
14.72%
OPERATING MARGIN AVG 20Y
17.89%
CURRENT VS TTM AVG
-0.35%
CURRENT VS 3Y AVG
-7.14%
CURRENT VS 5Y AVG
-11.14%
CURRENT VS 10Y AVG
+37.19%
CURRENT VS 15Y AVG
+26.02%
CURRENT VS 20Y AVG
+3.70%
SECTOR MEDIAN · ENERGY
18.52%
median of 50 covered companies
CURRENT VS SECTOR MEDIAN
+0.19%
vs the sector median at left
Market Cap
$28.43B
Operating Margin
11.44%
TTM Avg
13.43%
3Y Avg
14.48%
5Y Avg
8.81%
Market Cap
$27.75B
Operating Margin
34.04%
TTM Avg
33.50%
3Y Avg
35.21%
5Y Avg
27.57%
Market Cap
$35.13B
Operating Margin
37.70%
TTM Avg
36.01%
3Y Avg
47.14%
5Y Avg
37.71%
Market Cap
$24.03B
Operating Margin
74.92%
TTM Avg
75.28%
3Y Avg
77.94%
5Y Avg
77.33%
Market Cap
$21.66B
Operating Margin
33.65%
TTM Avg
31.87%
3Y Avg
22.13%
5Y Avg
20.05%
Market Cap
$20.50B
Operating Margin
17.49%
TTM Avg
-0.77%
3Y Avg
17.98%
5Y Avg
-10.55%
Market Cap
$40.39B
Operating Margin
14.57%
TTM Avg
16.48%
3Y Avg
11.17%
5Y Avg
5.18%
| NAME | MARKET CAP | OPERATING MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Tenaris S.A. (TS) | $30.30B | 18.55% | 18.61% | 19.98% | 20.88% |
| EQT Corporation (EQT)vs › | $31.47B | 34.70% | 23.91% | 28.96% | 10.49% |
| Halliburton Company (HAL)vs › | $28.43B | 11.44% | 13.43% | 14.48% | 8.81% |
| Pembina Pipeline Corporation (PBA)vs › | $27.75B | 34.04% | 33.50% | 35.21% | 27.57% |
| Venture Global, Inc. (VG)vs › | $35.13B | 37.70% | 36.01% | 47.14% | 37.71% |
| Texas Pacific Land Corporation (TPL)vs › | $24.03B | 74.92% | 75.28% | 77.94% | 77.33% |
| First Solar, Inc. (FSLR)vs › | $21.66B | 33.65% | 31.87% | 22.13% | 20.05% |
| Expand Energy Corporation (EXE)vs › | $20.50B | 17.49% | -0.77% | 17.98% | -10.55% |
| Cameco Corporation (CCJ)vs › | $40.39B | 14.57% | 16.48% | 11.17% | 5.18% |
| APA Corporation (APA)vs › | $16.08B | 30.83% | 31.84% | 37.53% | 31.29% |
Gross Margin
33.9%
Operating Margin
18.6%
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 | 16.65% |
| 2026-03-31 | 18.82% |
| 2025-12-31 | 18.59% |
| 2025-09-30 | 20.12% |
| 2025-06-30 | 18.89% |
| 2025-03-31 | 18.82% |
| 2024-12-31 | 19.63% |
| 2024-09-30 | 18.42% |
| 2024-06-30 | 15.41% |
| 2024-03-31 | 23.58% |
| 2023-12-31 | 23.98% |
| 2023-09-30 | 26.80% |
| 2023-06-30 | 31.37% |
| 2023-03-31 | 32.63% |
| 2022-12-31 | 27.98% |
| 2022-09-30 | 27.00% |
| 2022-06-30 | 23.67% |
| 2022-03-31 | 20.46% |
| 2021-12-31 | 13.29% |
| 2021-09-30 | 13.17% |
| 2021-06-30 | 9.92% |
| 2021-03-31 | 4.37% |
| 2020-12-31 | 0.65% |
| 2020-09-30 | -6.94% |
| 2020-06-30 | -7.30% |
| 2020-03-31 | -28.91% |
| 2019-12-31 | 8.72% |
| 2019-09-30 | 10.61% |
| 2019-06-30 | 12.23% |
| 2019-03-31 | 13.84% |
| 2018-12-31 | 8.49% |
| 2018-09-30 | 13.61% |
| 2018-06-30 | 12.44% |
| 2018-03-31 | 11.37% |
| 2017-12-31 | 10.58% |
| 2017-09-30 | 6.07% |
| 2017-06-30 | 4.14% |
| 2017-03-31 | 3.12% |
| 2016-12-31 | 0.56% |
| 2016-09-30 | -1.32% |
| 2016-06-30 | -3.55% |
| 2016-03-31 | 3.35% |
| 2015-12-31 | 1.72% |
| 2015-09-30 | -20.49% |
| 2015-06-30 | 5.95% |
| 2015-03-31 | 16.83% |
| 2014-12-31 | 13.08% |
| 2014-09-30 | 17.91% |
| 2014-06-30 | 20.64% |
| 2014-03-31 | 21.93% |
| 2013-12-31 | 22.04% |
| 2013-09-30 | 19.20% |
| 2013-06-30 | 20.44% |
| 2013-03-31 | 20.67% |
| 2012-12-31 | 21.24% |
| 2012-09-30 | 21.96% |
| 2012-06-30 | 22.16% |
| 2012-03-31 | 21.63% |
| 2011-12-31 | 20.20% |
| 2011-09-30 | 19.45% |
| 2011-06-30 | 17.16% |
| 2011-03-31 | 19.00% |
| 2010-12-31 | 21.99% |
| 2010-09-30 | 19.98% |
| 2010-06-30 | 20.45% |
| 2010-03-31 | 18.88% |
| 2009-12-31 | 17.90% |
| 2009-09-30 | 20.35% |
| 2009-06-30 | 20.84% |
| 2009-03-31 | 27.68% |
| 2008-12-31 | 17.27% |
| 2008-09-30 | 29.95% |
| 2008-06-30 | 26.16% |
| 2008-03-31 | 27.07% |
| 2007-12-31 | 29.41% |
| 2007-09-30 | 27.24% |
| 2007-06-30 | 29.97% |
| 2007-03-31 | 31.24% |
| 2006-12-31 | 38.98% |
| 2006-09-30 | 36.19% |
| 2006-06-30 | 35.31% |
| 2006-03-31 | 33.70% |
| 2005-12-31 | 30.39% |
| 2005-09-30 | 28.97% |
| 2005-06-30 | 28.13% |
| 2005-03-31 | 27.92% |
| 2004-12-31 | 27.92% |
| 2004-09-30 | 20.04% |
| 2004-06-30 | 15.42% |
| 2004-03-31 | 11.94% |
| 2003-12-31 | -4.21% |
| 2003-09-30 | 14.38% |
| 2003-06-30 | 12.94% |
| 2003-03-31 | 12.48% |
