Dividend Basis payout ratios, computed from filings

Operating margin

What survives of each dollar of sales after running the business.

FormulaOperating income ÷ revenue
Companies reporting it516 of 573
Median15.0%
Middle half6.0% – 24.7%
Range-636.0% – 86.9%

When it lies. Only comparable inside an industry. A supermarket at 4% may be a better business than a software firm at 25%.

By sector

Sectorn Median25th75th
Banks & insurers3728.3%16.2%35.9%
Utilities5323.2%20.0%28.1%
Financial services3121.5%12.1%27.5%
Real estate3020.0%10.6%49.9%
Technology4516.2%7.2%29.2%
Health care4414.1%8.4%22.3%
Energy3512.0%1.8%24.4%
Consumer discretionary4411.8%4.9%17.6%
Communications3110.9%-3.5%17.2%
Industrials7510.8%5.6%18.1%
Consumer staples439.2%3.3%16.2%
Materials467.7%-2.3%13.5%
not classified2-274.4%-274.4%2.2%

Highest operating margin

#TickerCompany SectorOperating margin
1SUNBSunbelt Rentals HoldingsConsumer discretionary86.9%
2ALLYAlly FinancialBanks & insurers84.5%
3GLPIGaming & Leisure PropertiesReal estate75.3%
4BAMBrookfield Asset ManagementFinancial services74.2%
5REGRegency CentersReal estate72.3%
6LLoewsBanks & insurers71.9%
7VICIVICI PropertiesReal estate70.4%
8ACTEnact HoldingsFinancial services69.5%
9VRSNVerisignTechnology67.7%
10RPRXRoyalty PharmaHealth care65.6%
11CMECME GroupFinancial services64.9%
12NNNNNN ReitReal estate63.6%
13NVDANvidiaTechnology60.4%
14MAMastercardFinancial services57.6%
15AMAntero MidstreamUtilities54.2%
16VNOVornado Realty TrustReal estate52.5%
17OHIOmega Healthcare InvestorsReal estate52.5%
18BSTTBlackstone Real Estate Income TrustReal estate50.7%
19UNITUniti GroupCommunications50.3%
20NEMNewmontMaterials50.0%

Lowest

#TickerCompany SectorOperating margin
516ASPIASP IsotopesMaterials-636.0%
515TDTHTrident Digital Tech HoldingsIndustrials-321.9%
514OCGOriental Culture Holdingnot classified-274.4%
513SIDUSidus SpaceCommunications-250.0%
512SCLXScilex HoldingHealth care-147.4%
511UAMYUnited States AntimonyMaterials-81.3%
510SEEDOrigin AgritechConsumer staples-63.8%
509RILYBRC Group HoldingsFinancial services-50.5%
508FMCFMCMaterials-47.0%
507STEPStepStone GroupFinancial services-44.7%

The other metrics

All metrics, and which ones to ignore