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 19.27% is 16% above its 5-year average of 16.56%, near the high end of its 5-year range (11.57%–20.29%).
As of the fiscal period ended Tuesday, June 30, 2026. 5.46% above its 12-month average of 18.27%.
Reported quarterly operating margin; no daily interpolation.
OPERATING MARGIN
19.27%
OPERATING MARGIN AVG TTM
18.27%
OPERATING MARGIN AVG 3Y
17.75%
OPERATING MARGIN AVG 5Y
16.56%
OPERATING MARGIN AVG 10Y
14.38%
OPERATING MARGIN AVG 15Y
12.91%
OPERATING MARGIN AVG 20Y
12.33%
CURRENT VS TTM AVG
+5.46%
CURRENT VS 3Y AVG
+8.54%
CURRENT VS 5Y AVG
+16.33%
CURRENT VS 10Y AVG
+34.04%
CURRENT VS 15Y AVG
+49.28%
CURRENT VS 20Y AVG
+56.34%
SECTOR MEDIAN · INDUSTRIALS
14.09%
median of 131 covered companies
CURRENT VS SECTOR MEDIAN
+36.76%
vs the sector median at left
Trane Technologies plc
Market Cap
$106.12B
Operating Margin
19.27%
TTM Avg
18.27%
3Y Avg
17.75%
5Y Avg
16.56%
Market Cap
$106.07B
Operating Margin
10.32%
TTM Avg
10.12%
3Y Avg
10.24%
5Y Avg
10.45%
Market Cap
$104.87B
Operating Margin
19.12%
TTM Avg
17.88%
3Y Avg
13.21%
5Y Avg
10.99%
Market Cap
$101.01B
Operating Margin
6.20%
TTM Avg
5.71%
3Y Avg
5.61%
5Y Avg
5.56%
Market Cap
$112.78B
Operating Margin
27.75%
TTM Avg
24.16%
3Y Avg
21.33%
5Y Avg
19.81%
Market Cap
$91.01B
Operating Margin
18.54%
TTM Avg
18.55%
3Y Avg
18.32%
5Y Avg
17.72%
| NAME | MARKET CAP | OPERATING MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Trane Technologies plc (TT) | $106.12B | 19.27% | 18.27% | 17.75% | 16.56% |
| General Dynamics Corporation (GD)vs › | $106.07B | 10.32% | 10.12% | 10.24% | 10.45% |
| Vertiv Holdings Co (VRT)vs › | $104.87B | 19.12% | 17.88% | 13.21% | 10.99% |
| Quanta Services, Inc. (PWR)vs › | $101.01B | 6.20% | 5.71% | 5.61% | 5.56% |
| Howmet Aerospace Inc. (HWM)vs › | $112.78B | 27.75% | 24.16% | 21.33% | 19.81% |
| 3M Company (MMM)vs › | $94.32B | 19.01% | 19.18% | 16.68% | 18.27% |
| CSX Corporation (CSX)vs › | $93.12B | 34.15% | 34.49% | 36.59% | 38.09% |
| Waste Management, Inc. (WM)vs › | $91.01B | 18.54% | 18.55% | 18.32% | 17.72% |
| Cummins Inc. (CMI)vs › | $88.90B | 11.13% | 11.24% | 9.52% | 10.13% |
| United Parcel Service, Inc. (UPS)vs › | $88.76B | 7.31% | 9.21% | 10.43% | 10.75% |
Gross Margin
35.4%
Operating Margin
19.3%
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 | 19.27% |
| 2026-03-31 | 15.62% |
| 2025-12-31 | 15.92% |
| 2025-09-30 | 20.29% |
| 2025-06-30 | 20.26% |
| 2025-03-31 | 17.47% |
| 2024-12-31 | 16.57% |
| 2024-09-30 | 18.83% |
| 2024-06-30 | 19.49% |
| 2024-03-31 | 15.03% |
| 2023-12-31 | 15.54% |
| 2023-09-30 | 17.70% |
| 2023-06-30 | 18.82% |
| 2023-03-31 | 12.46% |
| 2022-12-31 | 14.25% |
| 2022-09-30 | 16.91% |
| 2022-06-30 | 16.96% |
| 2022-03-31 | 11.57% |
| 2021-12-31 | 12.21% |
| 2021-09-30 | 15.68% |
| 2021-06-30 | 17.00% |
| 2021-03-31 | 11.70% |
| 2020-12-31 | 12.20% |
| 2020-09-30 | 16.22% |
| 2020-06-30 | 13.49% |
| 2020-03-31 | 5.85% |
| 2019-12-31 | 10.37% |
| 2019-09-30 | 15.46% |
| 2019-06-30 | 15.67% |
| 2019-03-31 | 8.44% |
| 2018-12-31 | 11.47% |
| 2018-09-30 | 14.56% |
| 2018-06-30 | 14.69% |
| 2018-03-31 | 7.19% |
| 2017-12-31 | 10.69% |
| 2017-09-30 | 13.79% |
| 2017-06-30 | 14.27% |
| 2017-03-31 | 7.17% |
| 2016-12-31 | 10.33% |
| 2016-09-30 | 14.12% |
| 2016-06-30 | 13.92% |
| 2016-03-31 | 7.79% |
| 2015-12-31 | 10.80% |
| 2015-09-30 | 13.63% |
| 2015-06-30 | 12.56% |
| 2015-03-31 | 5.92% |
| 2014-12-31 | 10.69% |
| 2014-09-30 | 13.00% |
| 2014-06-30 | 13.08% |
| 2014-03-31 | 5.69% |
| 2013-12-31 | 7.03% |
| 2013-09-30 | 11.81% |
| 2013-06-30 | 11.60% |
| 2013-03-31 | 5.38% |
| 2012-12-31 | 10.59% |
| 2012-09-30 | 12.46% |
| 2012-06-30 | 12.51% |
| 2012-03-31 | 6.73% |
| 2011-12-31 | 9.89% |
| 2011-09-30 | 4.57% |
| 2011-06-30 | 12.22% |
| 2011-03-31 | 7.39% |
| 2010-12-31 | 8.45% |
| 2010-09-30 | 10.94% |
| 2010-06-30 | 10.34% |
| 2010-03-31 | 10.06% |
| 2009-12-31 | 6.74% |
| 2009-09-30 | 9.14% |
| 2009-06-30 | 7.21% |
| 2009-03-31 | 1.70% |
| 2008-12-31 | -96.18% |
| 2008-09-30 | 8.05% |
| 2008-06-30 | 11.74% |
| 2008-03-31 | 11.42% |
| 2007-12-31 | 12.86% |
| 2007-09-30 | 12.34% |
| 2007-06-30 | 12.32% |
| 2007-03-31 | 10.56% |
| 2006-12-31 | 11.26% |
| 2006-09-30 | 13.19% |
| 2006-06-30 | 12.33% |
| 2006-03-31 | 12.58% |
| 2005-12-31 | 12.74% |
| 2005-09-30 | 13.00% |
| 2005-06-30 | 13.74% |
| 2005-03-31 | 12.07% |
| 2004-12-31 | 12.11% |
| 2004-09-30 | 11.75% |
| 2004-06-30 | 13.04% |
| 2004-03-31 | 10.63% |
| 2003-12-31 | 9.95% |
| 2003-09-30 | 10.18% |
| 2003-06-30 | 8.44% |
| 2003-03-31 | 7.08% |
| 2002-12-31 | 8.86% |
| 2002-09-30 | 6.76% |
