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 75.02% is 33% above its 5-year average of 56.46%, around the middle of its 5-year range (30.91%–104.40%).
As of the fiscal period ended Tuesday, March 31, 2026. 9.12% above its 12-month average of 68.75%.
Reported quarterly operating margin; no daily interpolation.
OPERATING MARGIN
75.02%
OPERATING MARGIN AVG TTM
68.75%
OPERATING MARGIN AVG 3Y
56.90%
OPERATING MARGIN AVG 5Y
55.28%
OPERATING MARGIN AVG 10Y
45.42%
OPERATING MARGIN AVG 15Y
50.30%
OPERATING MARGIN AVG 20Y
50.62%
CURRENT VS TTM AVG
+9.12%
CURRENT VS 3Y AVG
+31.85%
CURRENT VS 5Y AVG
+35.71%
CURRENT VS 10Y AVG
+65.17%
CURRENT VS 15Y AVG
+49.13%
CURRENT VS 20Y AVG
+48.19%
SECTOR MEDIAN · BASIC MATERIALS
14.15%
median of 43 covered companies
CURRENT VS SECTOR MEDIAN
+430.18%
vs the sector median at left
Wheaton Precious Metals Corp.
Market Cap
$52.61B
Operating Margin
75.02%
TTM Avg
68.75%
3Y Avg
56.90%
5Y Avg
55.28%
Market Cap
$62.39B
Operating Margin
11.47%
TTM Avg
8.93%
3Y Avg
15.28%
5Y Avg
14.44%
Market Cap
$64.34B
Operating Margin
51.71%
TTM Avg
41.12%
3Y Avg
33.81%
5Y Avg
34.92%
Market Cap
$65.50B
Operating Margin
-4.71%
TTM Avg
14.81%
3Y Avg
16.96%
5Y Avg
19.20%
Market Cap
$38.09B
Operating Margin
10.57%
TTM Avg
9.60%
3Y Avg
14.71%
5Y Avg
15.17%
Market Cap
$37.06B
Operating Margin
19.92%
TTM Avg
19.23%
3Y Avg
17.45%
5Y Avg
17.74%
| NAME | MARKET CAP | OPERATING MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Wheaton Precious Metals Corp. (WPM) | $52.61B | 75.02% | 68.75% | 56.90% | 55.28% |
| Corteva, Inc. (CTVA)vs › | $52.06B | 17.08% | 13.73% | 12.69% | 10.85% |
| Nucor Corporation (NUE)vs › | $62.39B | 11.47% | 8.93% | 15.28% | 14.44% |
| Vale S.A. (VALE)vs › | $63.26B | 27.84% | 28.66% | 32.64% | 35.64% |
| Barrick Mining Corporation (B)vs › | $64.34B | 51.71% | 41.12% | 33.81% | 34.92% |
| Air Products and Chemicals, Inc. (APD)vs › | $65.50B | -4.71% | 14.81% | 16.96% | 19.20% |
| CRH plc (CRH)vs › | $66.42B | 13.48% | 14.27% | 13.76% | 12.85% |
| Steel Dynamics, Inc. (STLD)vs › | $38.09B | 10.57% | 9.60% | 14.71% | 15.17% |
| Vulcan Materials Company (VMC)vs › | $37.06B | 19.92% | 19.23% | 17.45% | 17.74% |
| Martin Marietta Materials, Inc. (MLM)vs › | $33.36B | 21.09% | 32.34% | 26.96% | 24.51% |
Gross Margin
77.1%
Operating Margin
75.0%
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 |
|---|---|
| 2026-03-31 | 75.02% |
| 2025-12-31 | 75.17% |
| 2025-09-30 | 66.25% |
| 2025-06-30 | 65.52% |
| 2025-03-31 | 61.79% |
| 2024-12-31 | 30.91% |
| 2024-09-30 | 57.08% |
| 2024-06-30 | 56.51% |
| 2024-03-31 | 53.32% |
| 2023-12-31 | 50.79% |
| 2023-09-30 | 50.29% |
| 2023-06-30 | 51.03% |
| 2023-03-31 | 45.99% |
| 2022-12-31 | 42.23% |
| 2022-09-30 | 46.90% |
| 2022-06-30 | 49.47% |
| 2022-03-31 | 51.99% |
| 2021-12-31 | 104.40% |
| 2021-09-30 | 51.26% |
| 2021-06-30 | 49.39% |
| 2021-03-31 | 50.35% |
| 2020-12-31 | 53.29% |
| 2020-09-30 | 50.52% |
| 2020-06-30 | 41.25% |
| 2020-03-31 | 43.12% |
| 2019-12-31 | 37.68% |
| 2019-09-30 | 36.47% |
| 2019-06-30 | -58.62% |
| 2019-03-31 | 31.51% |
| 2018-12-31 | 22.38% |
| 2018-09-30 | 26.43% |
| 2018-06-30 | 35.48% |
| 2018-03-31 | 38.05% |
| 2017-12-31 | 36.00% |
| 2017-09-30 | 36.52% |
| 2017-06-30 | 36.90% |
| 2017-03-31 | 34.26% |
| 2016-12-31 | 34.69% |
| 2016-09-30 | 38.16% |
| 2016-06-30 | 31.50% |
| 2016-03-31 | 25.96% |
| 2015-12-31 | 31.42% |
| 2015-09-30 | 40.00% |
| 2015-06-30 | 38.50% |
| 2015-03-31 | 49.04% |
| 2014-12-31 | 43.41% |
| 2014-09-30 | 49.21% |
| 2014-06-30 | 50.27% |
| 2014-03-31 | 55.43% |
| 2013-12-31 | 53.93% |
| 2013-09-30 | 54.47% |
| 2013-06-30 | 54.55% |
| 2013-03-31 | 73.39% |
| 2012-12-31 | 65.06% |
| 2012-09-30 | 77.76% |
| 2012-06-30 | 75.32% |
| 2012-03-31 | 78.85% |
| 2011-12-31 | 75.59% |
| 2011-09-30 | 77.53% |
| 2011-06-30 | 77.02% |
| 2011-03-31 | 75.80% |
| 2010-12-31 | 64.20% |
| 2010-09-30 | 20.11% |
| 2010-06-30 | 16.37% |
| 2010-03-31 | 60.76% |
| 2009-12-31 | 55.82% |
| 2009-09-30 | 48.11% |
| 2009-06-30 | 45.38% |
| 2009-03-31 | 49.09% |
| 2008-12-31 | 2.67% |
| 2008-09-30 | 56.17% |
| 2008-06-30 | 57.07% |
| 2008-03-31 | 56.34% |
| 2007-12-31 | 59.39% |
| 2007-09-30 | 57.11% |
| 2007-06-30 | 57.79% |
| 2007-03-31 | 59.50% |
| 2006-12-31 | 115.09% |
| 2006-09-30 | 55.12% |
| 2006-06-30 | 58.33% |
| 2006-03-31 | 53.40% |
| 2005-12-31 | 44.10% |
| 2005-09-30 | 36.25% |
| 2005-06-30 | 36.97% |
| 2005-03-31 | 35.28% |
| 2004-08-31 | 0.00% |
| 2004-05-31 | 0.00% |
| 2004-02-29 | 23.41% |
| 2003-11-30 | 15.39% |
| 2003-08-31 | 12.29% |
| 2003-05-31 | -2.56% |
| 2003-02-28 | -9.45% |
| 2002-11-30 | 8.85% |
| 2002-08-31 | 11.69% |
| 2002-05-31 | 3.13% |
| 2002-02-28 | -126.07% |
