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 17.08% is in line with its 5-year average of 17.31%, near the high end of its 5-year range (-8.81%–20.33%).
As of the fiscal period ended Tuesday, June 30, 2026. 2.27% below its 12-month average of 17.48%.
Reported quarterly operating margin; no daily interpolation.
OPERATING MARGIN
17.08%
OPERATING MARGIN AVG TTM
17.48%
OPERATING MARGIN AVG 3Y
17.81%
OPERATING MARGIN AVG 5Y
17.31%
OPERATING MARGIN AVG 10Y
16.78%
OPERATING MARGIN AVG 15Y
18.06%
OPERATING MARGIN AVG 20Y
18.62%
CURRENT VS TTM AVG
-2.27%
CURRENT VS 3Y AVG
-4.07%
CURRENT VS 5Y AVG
-1.33%
CURRENT VS 10Y AVG
+1.78%
CURRENT VS 15Y AVG
-5.44%
CURRENT VS 20Y AVG
-8.25%
SECTOR MEDIAN · INDUSTRIALS
11.95%
median of 146 covered companies
CURRENT VS SECTOR MEDIAN
+43.00%
vs the sector median at left
Waste Connections, Inc.
Market Cap
$41.76B
Operating Margin
17.08%
TTM Avg
17.48%
3Y Avg
17.81%
5Y Avg
17.31%
Market Cap
$41.61B
Operating Margin
25.84%
TTM Avg
25.66%
3Y Avg
27.17%
5Y Avg
26.29%
Market Cap
$39.09B
Operating Margin
-38.03%
TTM Avg
-40.77%
3Y Avg
-54.59%
5Y Avg
-89.77%
Market Cap
$45.74B
Operating Margin
27.64%
TTM Avg
27.84%
3Y Avg
29.41%
5Y Avg
28.25%
Market Cap
$46.95B
Operating Margin
24.04%
TTM Avg
22.17%
3Y Avg
22.07%
5Y Avg
21.76%
Market Cap
$36.48B
Operating Margin
7.75%
TTM Avg
8.46%
3Y Avg
7.49%
5Y Avg
-2.60%
| NAME | MARKET CAP | OPERATING MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Waste Connections, Inc. (WCN) | $41.76B | 17.08% | 17.48% | 17.81% | 17.31% |
| Old Dominion Freight Line, Inc. (ODFL)vs › | $41.61B | 25.84% | 25.66% | 27.17% | 26.29% |
| Ferrovial SE (FER)vs › | $42.63B | 10.04% | 23.11% | 14.79% | 13.91% |
| Rocket Lab USA, Inc. (RKLB)vs › | $39.09B | -38.03% | -40.77% | -54.59% | -89.77% |
| Paychex, Inc. (PAYX)vs › | $44.99B | 38.55% | 39.08% | 39.99% | 39.31% |
| Ferguson plc (FERG)vs › | $45.24B | 9.01% | 9.34% | 9.14% | 9.16% |
| Thomson Reuters Corporation (TRI)vs › | $45.74B | 27.64% | 27.84% | 29.41% | 28.25% |
| HEICO Corporation (HEI)vs › | $46.95B | 24.04% | 22.17% | 22.07% | 21.76% |
| United Airlines Holdings, Inc. (UAL)vs › | $36.48B | 7.75% | 8.46% | 7.49% | -2.60% |
| Rockwell Automation, Inc. (ROK)vs › | $48.18B | 21.69% | 16.18% | 17.07% | 15.99% |
Gross Margin
39.2%
Operating Margin
17.1%
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 | 17.08% |
| 2026-03-31 | 15.36% |
| 2025-12-31 | 17.98% |
| 2025-09-30 | 17.88% |
| 2025-06-30 | 19.09% |
| 2025-03-31 | 17.51% |
| 2024-12-31 | -8.81% |
| 2024-09-30 | 20.33% |
| 2024-06-30 | 18.89% |
| 2024-03-31 | 17.70% |
| 2023-12-31 | 11.03% |
| 2023-09-30 | 17.10% |
| 2023-06-30 | 17.03% |
| 2023-03-31 | 16.56% |
| 2022-12-31 | 16.69% |
| 2022-09-30 | 17.38% |
| 2022-06-30 | 18.14% |
| 2022-03-31 | 16.64% |
| 2021-12-31 | 15.35% |
| 2021-09-30 | 17.85% |
| 2021-06-30 | 17.39% |
| 2021-03-31 | 17.08% |
| 2020-12-31 | 14.10% |
| 2020-09-30 | 16.60% |
| 2020-06-30 | -17.79% |
| 2020-03-31 | 16.04% |
| 2019-12-31 | 14.26% |
| 2019-09-30 | 16.75% |
| 2019-06-30 | 16.22% |
| 2019-03-31 | 14.85% |
| 2018-12-31 | 15.85% |
| 2018-09-30 | 18.18% |
| 2018-06-30 | 16.99% |
| 2018-03-31 | 16.55% |
| 2017-12-31 | 15.12% |
| 2017-09-30 | 18.13% |
| 2017-06-30 | 17.60% |
| 2017-03-31 | 2.42% |
| 2016-12-31 | 13.27% |
| 2016-09-30 | 14.62% |
| 2016-06-30 | 8.73% |
| 2016-03-31 | 17.68% |
| 2015-12-31 | 19.12% |
| 2015-09-30 | -68.47% |
| 2015-06-30 | 20.71% |
| 2015-03-31 | 20.13% |
| 2014-12-31 | 21.85% |
| 2014-09-30 | 21.20% |
| 2014-06-30 | 22.58% |
| 2014-03-31 | 20.74% |
| 2013-12-31 | 20.14% |
| 2013-09-30 | 22.96% |
| 2013-06-30 | 21.99% |
| 2013-03-31 | 19.35% |
| 2012-12-31 | 18.79% |
| 2012-09-30 | 20.93% |
| 2012-06-30 | 19.84% |
| 2012-03-31 | 17.47% |
| 2011-12-31 | 19.83% |
| 2011-09-30 | 22.37% |
| 2011-06-30 | 21.66% |
| 2011-03-31 | 20.69% |
| 2010-12-31 | 20.16% |
| 2010-09-30 | 21.89% |
| 2010-06-30 | 20.99% |
| 2010-03-31 | 19.47% |
| 2009-12-31 | 18.99% |
| 2009-09-30 | 20.49% |
| 2009-06-30 | 19.62% |
| 2009-03-31 | 18.33% |
| 2008-12-31 | 18.98% |
| 2008-09-30 | 20.79% |
| 2008-06-30 | 20.82% |
| 2008-03-31 | 20.29% |
| 2007-12-31 | 20.07% |
| 2007-09-30 | 22.77% |
| 2007-06-30 | 22.30% |
| 2007-03-31 | 21.20% |
| 2006-12-31 | 20.84% |
| 2006-09-30 | 21.95% |
| 2006-06-30 | 19.71% |
| 2006-03-31 | 20.59% |
| 2005-12-31 | 20.84% |
| 2005-09-30 | 24.63% |
| 2005-06-30 | 24.20% |
| 2005-03-31 | 23.16% |
| 2004-12-31 | 20.77% |
| 2004-09-30 | 25.86% |
| 2004-06-30 | 25.15% |
| 2004-03-31 | 23.55% |
| 2003-12-31 | 24.67% |
| 2003-09-30 | 25.84% |
| 2003-06-30 | 26.64% |
| 2003-03-31 | 25.82% |
| 2002-12-31 | 25.19% |
| 2002-09-30 | 26.40% |
