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 7.31% is 30% below its 5-year average of 10.38%, around the middle of its 5-year range (4.07%–14.38%).
2.74% below its 12-month average of 7.52%.
Reported quarterly operating margin; no daily interpolation.
OPERATING MARGIN
7.31%
OPERATING MARGIN AVG TTM
7.52%
OPERATING MARGIN AVG 3Y
8.76%
OPERATING MARGIN AVG 5Y
10.38%
OPERATING MARGIN AVG 10Y
10.56%
OPERATING MARGIN AVG 15Y
10.83%
OPERATING MARGIN AVG 20Y
10.96%
CURRENT VS TTM AVG
-2.74%
CURRENT VS 3Y AVG
-16.57%
CURRENT VS 5Y AVG
-29.57%
CURRENT VS 10Y AVG
-30.76%
CURRENT VS 15Y AVG
-32.52%
CURRENT VS 20Y AVG
-33.30%
SECTOR MEDIAN · INDUSTRIALS
11.95%
median of 154 covered companies
CURRENT VS SECTOR MEDIAN
-38.80%
vs the sector median at left
United Parcel Service, Inc.
Market Cap
$85.54B
Operating Margin
7.31%
TTM Avg
7.52%
3Y Avg
8.76%
5Y Avg
10.38%
Market Cap
$85.35B
Operating Margin
20.11%
TTM Avg
17.42%
3Y Avg
17.53%
5Y Avg
16.97%
Market Cap
$87.23B
Operating Margin
18.54%
TTM Avg
18.55%
3Y Avg
18.32%
5Y Avg
17.72%
Market Cap
$83.18B
Operating Margin
11.24%
TTM Avg
2.58%
3Y Avg
-8.07%
5Y Avg
-9.18%
Market Cap
$80.36B
Operating Margin
36.84%
TTM Avg
36.40%
3Y Avg
36.38%
5Y Avg
38.09%
Market Cap
$80.13B
Operating Margin
23.14%
TTM Avg
22.98%
3Y Avg
21.99%
5Y Avg
21.27%
Market Cap
$91.23B
Operating Margin
34.15%
TTM Avg
34.49%
3Y Avg
36.59%
5Y Avg
38.09%
| NAME | MARKET CAP | OPERATING MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| United Parcel Service, Inc. (UPS) | $85.54B | 7.31% | 7.52% | 8.76% | 10.38% |
| Emerson Electric Co. (EMR)vs › | $85.35B | 20.11% | 17.42% | 17.53% | 16.97% |
| 3M Company (MMM)vs › | $86.08B | 19.01% | 19.18% | 16.68% | 18.27% |
| Waste Management, Inc. (WM)vs › | $87.23B | 18.54% | 18.55% | 18.32% | 17.72% |
| Bloom Energy Corporation (BE)vs › | $83.18B | 11.24% | 2.58% | -8.07% | -9.18% |
| Canadian Pacific Kansas City Ltd. (CP)vs › | $80.36B | 36.84% | 36.40% | 36.38% | 38.09% |
| Cintas Corporation (CTAS)vs › | $80.13B | 23.14% | 22.98% | 21.99% | 21.27% |
| CSX Corporation (CSX)vs › | $91.23B | 34.15% | 34.49% | 36.59% | 38.09% |
| Cummins Inc. (CMI)vs › | $78.25B | 11.13% | 11.24% | 9.52% | 10.13% |
| Illinois Tool Works Inc. (ITW)vs › | $77.12B | 26.50% | 26.55% | 25.49% | 24.82% |
Gross Margin
16.6%
Operating Margin
7.3%
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 | 4.07% |
| 2026-03-31 | 5.98% |
| 2025-12-31 | 10.52% |
| 2025-09-30 | 8.42% |
| 2025-06-30 | 8.59% |
| 2025-03-31 | 7.73% |
| 2024-12-31 | 11.83% |
| 2024-09-30 | 9.49% |
| 2024-06-30 | 8.86% |
| 2024-03-31 | 7.87% |
| 2023-12-31 | 10.57% |
| 2023-09-30 | 6.93% |
| 2023-06-30 | 13.03% |
| 2023-03-31 | 10.83% |
| 2022-12-31 | 11.66% |
| 2022-09-30 | 12.69% |
| 2022-06-30 | 14.21% |
| 2022-03-31 | 13.42% |
| 2021-12-31 | 14.15% |
| 2021-09-30 | 12.73% |
| 2021-06-30 | 14.38% |
| 2021-03-31 | 12.53% |
| 2020-12-31 | 9.33% |
| 2020-09-30 | 11.17% |
| 2020-06-30 | 11.05% |
| 2020-03-31 | 5.86% |
| 2019-12-31 | 10.37% |
| 2019-09-30 | 11.66% |
| 2019-06-30 | 11.68% |
| 2019-03-31 | 8.00% |
| 2018-12-31 | 10.04% |
| 2018-09-30 | 9.90% |
| 2018-06-30 | 10.26% |
| 2018-03-31 | 9.11% |
| 2017-12-31 | 10.87% |
| 2017-09-30 | 11.19% |
| 2017-06-30 | 12.75% |
| 2017-03-31 | 11.50% |
| 2016-12-31 | -3.32% |
| 2016-09-30 | 13.14% |
| 2016-06-30 | 13.93% |
| 2016-03-31 | 12.64% |
| 2015-12-31 | 12.78% |
| 2015-09-30 | 13.94% |
| 2015-06-30 | 13.91% |
| 2015-03-31 | 11.97% |
| 2014-12-31 | 4.74% |
| 2014-09-30 | 13.67% |
| 2014-06-30 | 5.24% |
| 2014-03-31 | 10.98% |
| 2013-12-31 | 12.74% |
| 2013-09-30 | 13.34% |
| 2013-06-30 | 12.90% |
| 2013-03-31 | 11.76% |
| 2012-12-31 | -19.09% |
| 2012-09-30 | 5.86% |
| 2012-06-30 | 13.41% |
| 2012-03-31 | 11.94% |
| 2011-12-31 | 9.44% |
| 2011-09-30 | 12.65% |
| 2011-06-30 | 12.87% |
| 2011-03-31 | 11.33% |
| 2010-12-31 | 13.52% |
| 2010-09-30 | 13.25% |
| 2010-06-30 | 11.49% |
| 2010-03-31 | 8.88% |
| 2009-12-31 | 10.17% |
| 2009-09-30 | 8.33% |
| 2009-06-30 | 8.26% |
| 2009-03-31 | 6.56% |
| 2008-12-31 | 6.32% |
| 2008-09-30 | 12.45% |
| 2008-06-30 | 11.18% |
| 2008-03-31 | 11.78% |
| 2007-12-31 | -31.76% |
| 2007-09-30 | 13.99% |
| 2007-06-30 | 14.48% |
| 2007-03-31 | 11.41% |
| 2006-12-31 | 14.33% |
| 2006-09-30 | 13.51% |
| 2006-06-30 | 14.44% |
| 2006-03-31 | 13.50% |
| 2005-12-31 | 14.31% |
| 2005-09-30 | 14.20% |
| 2005-06-30 | 15.20% |
| 2005-03-31 | 14.01% |
| 2004-12-31 | 12.24% |
| 2004-09-30 | 14.05% |
| 2004-06-30 | 14.77% |
| 2004-03-31 | 13.65% |
| 2003-12-31 | 14.25% |
| 2003-09-30 | 13.80% |
| 2003-06-30 | 13.13% |
| 2003-03-31 | 11.79% |
| 2002-12-31 | 14.18% |
| 2002-09-30 | 12.25% |
