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2874 companies · fiscal year 2025 · SEC EDGAR · September 25, 2026

Companies with the highest operating margin

Operating margin is operating income divided by revenue. Only companies with at least $1 billion in revenue are ranked here. Figures are for fiscal year 2025 and are read directly from each company's SEC filings; the source column on every row links to the document.

Ranks 1–100 of 1486 · Fiscal year 2025 · Data as of September 25, 2026

Only companies with at least $1bn in revenue are ranked.

Mgic Investment (MTG) tops the list with 76.5% in operating margin for fiscal 2025, ahead of Applovin (75.8%) and Gaming & Leisure Properties (75.3%). Across the top 10, operating margin ranges from 76.5% down to 66.1%. 1486 SEC filers report operating margin; the list shows the top 100. The last place on the list, PNC Financial Services, comes in at 36.7%.

Operating margin
#CompanyOperating marginYoY15-year trend
1Mgic InvestmentMTGUSFinancials76.5%−4.6%
2ApplovinAPPUSTechnology75.8%+27.8%
3Gaming & Leisure PropertiesGLPIUSReal estate75.3%+2.0%
4Franco NevadaFNVCAMaterials74.3%+13.9%
5Regency CentersREGUSReal estate72.3%+0.4%
6Vici PropertiesVICIUSReal estate70.4%−0.7%
7Enact HoldingsACTUSFinancials69.5%−4.9%
8Wheaton Precious MetalsWPMCAMaterials68.3%+41.4%
9VerisignVRSNUSTechnology67.7%−0.4%
10Radian GroupRDNUSFinancials66.1%−5.7%
11Royalty PharmaRPRXUSHealthcare65.6%+14.8%
12Essent GroupESNTBMFinancials65.2%−5.3%
13SL Green RealtySLGUSReal estate65.0%−21.2%
14Cme GroupCMEUSFinancials64.9%+1.1%
15Hess MidstreamHESMUSEnergy62.2%+1.2%
16Federal National Mortgage Association Fannie MaeFNMAUSFinancials62.1%−15.1%
17Royal GoldRGLDUSFinancials61.9%+3.6%
18Futu HoldingsFUTUCNFinancials61.6%+26.5%
19Brookfield InfrastructureBIPCUSUtilities61.5%+1.8%
20Starwood Real Estate Income TrustSWDRUSReal estate61.1%−2.3%
21Brookfield Asset ManagementBAMUSFinancials60.7%−5.1%
22Alamos GoldAGICAMaterials60.7%+45.4%
23NVIDIANVDAUSTechnology60.4%−3.3%
24VisaVUSTechnology60.0%−8.7%
25Assured GuarantyAGOBMFinancials59.6%+6.6%
26MastercardMAUSTechnology57.6%+4.2%
27Federal Home Loan MortgageFMCCUSFinancials57.4%−7.1%
28Affiliated ManagersAMGUSFinancials57.2%+26.4%
29MSCIMSCIUSTechnology54.7%+2.2%
30Antero MidstreamAMUSUtilities54.2%−9.0%
31TC EnergyTRPCAUtilities52.7%−8.8%
32Vornado Realty TrustVNOUSReal estate52.5%+2,091.1%
33Omega Healthcare InvestorsOHIUSReal estate52.5%+28.6%
34Southern CopperSCCOUSMaterials52.2%+7.4%
35Ihs HoldingIHSGBCommunication services51.9%+31.3%
36Slide InsuranceSLDEUSFinancials51.0%+59.9%
37Webster FinancialWBSUSFinancials50.7%+6.0%
38Blackstone Real Estate Income TrustBSTTUSReal estate50.7%−20.0%
39PTC TherapeuticsPTCTUSHealthcare50.1%+87.6 pp
40NewmontNEMUSMaterials50.0%+104.2%
41Simon PropertySPGUSReal estate49.9%−3.8%
42BlackstoneBXUSFinancials49.6%+1.6%
43PrologisPLDUSReal estate49.6%−7.9%
44DT MidstreamDTMUSUtilities49.4%−0.9%
45Crown CastleCCIUSReal estate48.7%+2.5%
46Schwab CharlesSCHWUSFinancials47.9%+22.1%
47DanaosDACGRIndustrials47.8%−10.3%
48Sba CommunicationsSBACUSReal estate47.7%−11.0%
49Essex Property TrustESSUSReal estate47.6%+20.3%
50TransDigm GroupTDGUSIndustrials47.2%+6.1%
51Robinhood MarketsHOODUSFinancials47.1%+30.7%
52Federal Realty Investment TrustFRTUSReal estate47.1%+19.9%
53United TherapeuticsUTHRUSHealthcare46.9%−2.0%
54Kinross GoldKGCCAMaterials46.5%+55.4%
55Fair IsaacFICOUSTechnology46.5%+8.8%
56McDonald'sMCDUSConsumer discretionary46.1%+2.0%
57Luxexperience B.VLUXEDEConsumer discretionary45.8%+48.4 pp
58MPLXMPLXUSEnergy45.7%+3.2%
59MicrosoftMSFTUSTechnology45.6%+2.2%
60Cheniere EnergyLNGUSUtilities45.6%+16.9%
61American TowerAMTUSReal estate45.5%+2.1%
62Rogers CommunicationsRCICACommunication services45.2%−3.1%
63CorpayCPAYUSTechnology44.0%−2.1%
64Verisk AnalyticsVRSKUSTechnology43.7%+0.5%
65MoodysMCOUSIndustrials43.4%+7.0%
66Arista NetworksANETUSTechnology42.8%+1.8%
67Altria GroupMOUSConsumer staples42.5%−9.1%
68Gen DigitalGENUSTechnology42.4%+3.6%
69S&P GlobalSPGIUSIndustrials42.2%+7.6%
70Gulfport EnergyGPORUSEnergy42.2%+66.9 pp
71Extra Space StorageEXRUSReal estate41.8%+2.9%
72Western Midstream PartnersWESUSUtilities41.7%−23.8%
73Hudbay MineralsHBMCAMaterials41.5%+109.3%
74Meta PlatformsMETAUSTechnology41.4%−1.8%
75Novo Nordisk A SNVODKHealthcare41.3%−6.5%
76Tradeweb MarketsTWUSFinancials40.7%+3.6%
77HDFC BankHDBINFinancials40.3%+2.6%
78NovavaxNVAXUSHealthcare40.3%+76.8 pp
79Union PacificUNPUSIndustrials40.2%+0.3%
80Eldorado GoldEGOCAMaterials40.0%+26.1%
81BroadcomAVGOUSTechnology39.9%+52.8%
82JPMorgan ChaseJPMUSFinancials39.8%−5.9%
83United Community BanksUCBUSFinancials39.7%+17.1%
84Eli LillyLLYUSHealthcare39.5%+40.2%
85British American Tobacco P.L.CBTIGBConsumer staples39.0%+269.1%
86Intercontinental ExchangeICEUSFinancials39.0%+6.4%
87PaychexPAYXUSIndustrials38.6%−2.7%
88IamgoldIAGCAMaterials38.3%−33.7%
89KlaKLACUSTechnology38.2%+17.5%
90Canadian National RailwayCNICAIndustrials38.1%+3.9%
91BHP GroupBHPAUMaterials38.0%+20.5%
92New Jersey ResourcesNJRUSUtilities37.7%+1.1%
93EqtEQTUSEnergy37.6%+189.3%
94ExelixisEXELUSHealthcare37.6%+34.8%
95Goldman SachsGSUSFinancials37.5%+9.1%
96Venture GlobalVGUSUtilities37.4%+5.6%
97First HorizonFHNUSFinancials37.4%+18.8%
98Canadian Pacific Kansas CityCPCAIndustrials37.2%+4.5%
99Public StoragePSAUSReal estate37.1%−16.6%
100PNC Financial ServicesPNCUSFinancials36.7%+9.3%

All figures from SEC filings · FY2025 · 100

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{{cite web |title=Companies with the highest operating margin |url=https://companiesranked.com/en/companies-with-the-highest-operating-margin |website=CompaniesRanked |date=2026-09-25 |language=en}}

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@misc{companiesranked-en-companies-with-the-highest-operating-margin-2026,
  author       = {{CompaniesRanked}},
  title        = {{Companies with the highest operating margin}},
  year         = {2026},
  howpublished = {\url{https://companiesranked.com/en/companies-with-the-highest-operating-margin}},
  note         = {Compiled from SEC EDGAR XBRL filings; data as of 2026-09-25},
  urldate      = {2026-09-25}
}

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