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 7.75% is in line with its 5-year average of 8.42%, near the high end of its 5-year range (-18.29%–13.38%).
2.85% below its 12-month average of 7.98%.
Reported quarterly operating margin; no daily interpolation. Q2 FY2026 (2026-06-30): 6.20%.
OPERATING MARGIN
7.75%
OPERATING MARGIN AVG TTM
7.98%
OPERATING MARGIN AVG 3Y
9.01%
OPERATING MARGIN AVG 5Y
8.42%
OPERATING MARGIN AVG 10Y
8.20%
OPERATING MARGIN AVG 15Y
7.28%
OPERATING MARGIN AVG 20Y
5.61%
CURRENT VS TTM AVG
-2.85%
CURRENT VS 3Y AVG
-14.00%
CURRENT VS 5Y AVG
-7.98%
CURRENT VS 10Y AVG
-5.45%
CURRENT VS 15Y AVG
+6.42%
CURRENT VS 20Y AVG
+38.09%
SECTOR MEDIAN · INDUSTRIALS
11.95%
median of 154 covered companies
CURRENT VS SECTOR MEDIAN
-35.12%
vs the sector median at left
United Airlines Holdings, Inc.
Market Cap
$35.64B
Operating Margin
7.75%
TTM Avg
7.98%
3Y Avg
9.01%
5Y Avg
8.42%
Market Cap
$36.44B
Operating Margin
-38.03%
TTM Avg
-40.77%
3Y Avg
-54.59%
5Y Avg
-89.77%
Market Cap
$37.39B
Operating Margin
25.84%
TTM Avg
25.66%
3Y Avg
27.17%
5Y Avg
26.29%
Market Cap
$38.64B
Operating Margin
2.61%
TTM Avg
0.29%
3Y Avg
4.66%
5Y Avg
-0.46%
Market Cap
$40.26B
Operating Margin
17.09%
TTM Avg
15.05%
3Y Avg
15.68%
5Y Avg
14.53%
Market Cap
$29.79B
Operating Margin
20.51%
TTM Avg
21.63%
3Y Avg
23.45%
5Y Avg
23.65%
| NAME | MARKET CAP | OPERATING MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| United Airlines Holdings, Inc. (UAL) | $35.64B | 7.75% | 7.98% | 9.01% | 8.42% |
| Rocket Lab USA, Inc. (RKLB)vs › | $36.44B | -38.03% | -40.77% | -54.59% | -89.77% |
| EMCOR Group, Inc. (EME)vs › | $34.43B | 10.15% | 9.54% | 7.78% | 6.57% |
| Old Dominion Freight Line, Inc. (ODFL)vs › | $37.39B | 25.84% | 25.66% | 27.17% | 26.29% |
| Axon Enterprise, Inc. (AXON)vs › | $38.64B | 2.61% | 0.29% | 4.66% | -0.46% |
| Waste Connections, Inc. (WCN)vs › | $40.26B | 17.09% | 15.05% | 15.68% | 14.53% |
| Ferrovial SE (FER)vs › | $40.73B | 10.04% | 9.74% | 7.94% | 6.55% |
| Paychex, Inc. (PAYX)vs › | $41.19B | 38.55% | 39.08% | 39.99% | 39.31% |
| Sunbelt Rentals Holdings Inc (SUNB)vs › | $29.79B | 20.51% | 21.63% | 23.45% | 23.65% |
| Thomson Reuters Corporation (TRI)vs › | $42.50B | 27.64% | 27.84% | 29.41% | 28.25% |
Gross Margin
65.1%
Operating Margin
7.8%
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 | 6.20% |
| 2026-03-31 | 6.83% |
| 2025-12-31 | 9.00% |
| 2025-09-30 | 9.16% |
| 2025-06-30 | 8.70% |
| 2025-03-31 | 4.59% |
| 2024-12-31 | 10.22% |
| 2024-09-30 | 10.54% |
| 2024-06-30 | 12.87% |
| 2024-03-31 | 0.79% |
| 2023-12-31 | 7.32% |
| 2023-09-30 | 12.01% |
| 2023-06-30 | 10.70% |
| 2023-03-31 | -0.38% |
| 2022-12-31 | 11.09% |
| 2022-09-30 | 11.32% |
| 2022-06-30 | 7.25% |
| 2022-03-31 | -18.29% |
| 2021-12-31 | -4.98% |
| 2021-09-30 | 13.38% |
| 2021-06-30 | -4.94% |
| 2021-03-31 | -42.87% |
| 2020-12-31 | -62.57% |
| 2020-09-30 | -64.89% |
| 2020-06-30 | -110.98% |
| 2020-03-31 | -12.18% |
| 2019-12-31 | 7.91% |
| 2019-09-30 | 12.94% |
| 2019-06-30 | 12.91% |
| 2019-03-31 | 5.16% |
| 2018-12-31 | 6.21% |
| 2018-09-30 | 10.93% |
| 2018-06-30 | 10.77% |
| 2018-03-31 | 3.06% |
| 2017-12-31 | 7.72% |
| 2017-09-30 | 11.03% |
| 2017-06-30 | 13.98% |
| 2017-03-31 | 3.80% |
| 2016-12-31 | 11.10% |
| 2016-09-30 | 16.38% |
| 2016-06-30 | 11.28% |
| 2016-03-31 | 7.92% |
| 2015-12-31 | 11.96% |
| 2015-09-30 | 18.43% |
| 2015-06-30 | 14.58% |
| 2015-03-31 | 8.61% |
| 2014-12-31 | 6.71% |
| 2014-09-30 | 11.28% |
| 2014-06-30 | 8.77% |
| 2014-03-31 | -4.01% |
| 2013-12-31 | 2.52% |
| 2013-09-30 | 4.97% |
| 2013-06-30 | 7.70% |
| 2013-03-31 | -3.03% |
| 2012-12-31 | -5.34% |
| 2012-09-30 | 2.02% |
| 2012-06-30 | 5.79% |
| 2012-03-31 | -3.15% |
| 2011-12-31 | 0.50% |
| 2011-09-30 | 9.19% |
| 2011-06-30 | 8.24% |
| 2011-03-31 | 0.41% |
| 2010-12-31 | -0.74% |
| 2010-09-30 | 10.03% |
| 2010-06-30 | 8.54% |
| 2010-03-31 | 1.79% |
| 2009-12-31 | -1.76% |
| 2009-09-30 | 1.99% |
| 2009-06-30 | 2.66% |
| 2009-03-31 | -7.64% |
| 2008-12-31 | -17.86% |
| 2008-09-30 | -8.82% |
| 2008-06-30 | -50.16% |
| 2008-03-31 | -9.36% |
| 2007-12-31 | -1.27% |
| 2007-10-08 | 11.87% |
| 2007-06-30 | 10.30% |
| 2007-03-31 | -2.10% |
| 2006-12-31 | -0.48% |
| 2006-09-30 | 6.47% |
| 2006-06-30 | 5.09% |
| 2006-03-31 | -3.83% |
| 2005-12-31 | -4.15% |
| 2005-09-30 | 3.54% |
| 2005-06-30 | 1.09% |
| 2005-03-31 | -6.39% |
| 2004-12-31 | -14.29% |
| 2004-09-30 | -1.86% |
| 2004-06-30 | 0.17% |
| 2004-03-31 | -5.40% |
| 2003-12-31 | -3.71% |
| 2003-09-30 | 0.47% |
| 2003-06-30 | -13.86% |
| 2003-03-31 | -25.53% |
| 2002-12-31 | -28.70% |
| 2002-09-30 | -17.29% |
