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 40.25% is in line with its 5-year average of 40.05%, around the middle of its 5-year range (36.64%–44.93%).
As of the fiscal period ended Tuesday, June 30, 2026. 0.34% above its 12-month average of 40.12%.
Reported quarterly operating margin; no daily interpolation.
OPERATING MARGIN
40.25%
OPERATING MARGIN AVG TTM
40.12%
OPERATING MARGIN AVG 3Y
39.90%
OPERATING MARGIN AVG 5Y
39.77%
OPERATING MARGIN AVG 10Y
39.13%
OPERATING MARGIN AVG 15Y
37.61%
OPERATING MARGIN AVG 20Y
34.11%
CURRENT VS TTM AVG
+0.34%
CURRENT VS 3Y AVG
+0.87%
CURRENT VS 5Y AVG
+1.22%
CURRENT VS 10Y AVG
+2.86%
CURRENT VS 15Y AVG
+7.04%
CURRENT VS 20Y AVG
+18.02%
SECTOR MEDIAN · INDUSTRIALS
13.49%
median of 130 covered companies
CURRENT VS SECTOR MEDIAN
+198.40%
vs the sector median at left
Union Pacific Corporation
Market Cap
$173.55B
Operating Margin
40.25%
TTM Avg
40.12%
3Y Avg
39.90%
5Y Avg
39.77%
Market Cap
$170.83B
Operating Margin
-5.41%
TTM Avg
-11.16%
3Y Avg
-7.16%
5Y Avg
-9.20%
Market Cap
$161.22B
Operating Margin
17.68%
TTM Avg
19.30%
3Y Avg
17.86%
5Y Avg
16.51%
Market Cap
$159.98B
Operating Margin
18.38%
TTM Avg
18.84%
3Y Avg
21.89%
5Y Avg
20.22%
Market Cap
$189.10B
Operating Margin
16.35%
TTM Avg
16.88%
3Y Avg
16.63%
5Y Avg
16.14%
Market Cap
$149.69B
Operating Margin
7.96%
TTM Avg
5.65%
3Y Avg
-0.29%
5Y Avg
-1.61%
Market Cap
$134.49B
Operating Margin
11.88%
TTM Avg
10.09%
3Y Avg
11.35%
5Y Avg
12.04%
Market Cap
$123.13B
Operating Margin
20.87%
TTM Avg
20.02%
3Y Avg
18.67%
5Y Avg
17.65%
| NAME | MARKET CAP | OPERATING MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Union Pacific Corporation (UNP) | $173.55B | 40.25% | 40.12% | 39.90% | 39.77% |
| The Boeing Company (BA)vs › | $170.83B | -5.41% | -11.16% | -7.16% | -9.20% |
| ABB Ltd (ABBNY)vs › | $179.01B | 17.29% | 16.82% | 15.02% | 14.32% |
| Eaton Corporation plc (ETN)vs › | $161.22B | 17.68% | 19.30% | 17.86% | 16.51% |
| Deere & Company (DE)vs › | $159.98B | 18.38% | 18.84% | 21.89% | 20.22% |
| Schneider Electric S.E. (SBGSY)vs › | $189.10B | 16.35% | 16.88% | 16.63% | 16.14% |
| Siemens Energy AG (SMEGF)vs › | $149.69B | 7.96% | 5.65% | -0.29% | -1.61% |
| Lockheed Martin Corporation (LMT)vs › | $134.49B | 11.88% | 10.09% | 11.35% | 12.04% |
| Parker-Hannifin Corporation (PH)vs › | $123.13B | 20.87% | 20.02% | 18.67% | 17.65% |
| Howmet Aerospace Inc. (HWM)vs › | $112.93B | 27.75% | 24.16% | 21.33% | 19.81% |
Gross Margin
59.4%
Operating Margin
40.3%
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 | 40.25% |
| 2026-03-31 | 39.36% |
| 2025-12-31 | 39.23% |
| 2025-09-30 | 40.82% |
| 2025-06-30 | 40.92% |
| 2025-03-31 | 39.34% |
| 2024-12-31 | 41.25% |
| 2024-09-30 | 39.55% |
| 2024-06-30 | 39.82% |
| 2024-03-31 | 39.33% |
| 2023-12-31 | 39.08% |
| 2023-09-30 | 36.64% |
| 2023-06-30 | 36.96% |
| 2023-03-31 | 37.88% |
| 2022-12-31 | 39.03% |
| 2022-09-30 | 40.10% |
| 2022-06-30 | 39.80% |
| 2022-03-31 | 40.56% |
| 2021-12-31 | 42.56% |
| 2021-09-30 | 43.69% |
| 2021-06-30 | 44.93% |
| 2021-03-31 | 39.85% |
| 2020-12-31 | 39.02% |
| 2020-09-30 | 41.29% |
| 2020-06-30 | 38.97% |
| 2020-03-31 | 40.98% |
| 2019-12-31 | 40.29% |
| 2019-09-30 | 40.50% |
| 2019-06-30 | 40.39% |
| 2019-03-31 | 36.40% |
| 2018-12-31 | 38.39% |
| 2018-09-30 | 38.28% |
| 2018-06-30 | 37.01% |
| 2018-03-31 | 35.42% |
| 2017-12-31 | 41.30% |
| 2017-09-30 | 37.20% |
| 2017-06-30 | 38.19% |
| 2017-03-31 | 34.94% |
| 2016-12-31 | 38.02% |
| 2016-09-30 | 37.88% |
| 2016-06-30 | 34.80% |
| 2016-03-31 | 34.93% |
| 2015-12-31 | 36.83% |
| 2015-09-30 | 39.70% |
| 2015-06-30 | 35.90% |
| 2015-03-31 | 35.22% |
| 2014-12-31 | 38.57% |
| 2014-09-30 | 37.69% |
| 2014-06-30 | 36.51% |
| 2014-03-31 | 32.88% |
| 2013-12-31 | 35.04% |
| 2013-09-30 | 35.21% |
| 2013-06-30 | 34.33% |
| 2013-03-31 | 30.87% |
| 2012-12-31 | 32.86% |
| 2012-09-30 | 33.43% |
| 2012-06-30 | 33.02% |
| 2012-03-31 | 29.54% |
| 2011-12-31 | 31.66% |
| 2011-09-30 | 30.94% |
| 2011-06-30 | 28.65% |
| 2011-03-31 | 25.32% |
| 2010-12-31 | 29.77% |
| 2010-09-30 | 31.78% |
| 2010-06-30 | 30.58% |
| 2010-03-31 | 24.92% |
| 2009-12-31 | 26.69% |
| 2009-09-30 | 26.34% |
| 2009-06-30 | 22.74% |
| 2009-03-31 | 19.68% |
| 2008-12-31 | 26.62% |
| 2008-09-30 | 25.07% |
| 2008-06-30 | 20.38% |
| 2008-03-31 | 18.45% |
| 2007-12-31 | 20.59% |
| 2007-09-30 | 23.98% |
| 2007-06-30 | 19.45% |
| 2007-03-31 | 18.68% |
| 2006-12-31 | 20.44% |
| 2006-09-30 | 18.88% |
| 2006-06-30 | 18.28% |
| 2006-03-31 | 16.31% |
| 2005-12-31 | 14.72% |
| 2005-09-30 | 13.90% |
| 2005-06-30 | 14.00% |
| 2005-03-31 | 9.93% |
| 2004-12-31 | 6.34% |
| 2004-09-30 | 13.59% |
| 2004-06-30 | 11.85% |
| 2004-03-31 | 10.85% |
| 2003-12-31 | 19.87% |
| 2003-09-30 | 20.03% |
| 2003-06-30 | 18.52% |
| 2003-03-31 | 12.38% |
| 2002-12-31 | 18.26% |
| 2002-09-30 | 20.13% |
