Net profit margin
The share of revenue that ends up as profit for shareholders.
Net margin is what is left of each dollar of revenue after every cost, interest and tax. It links the price to sales to the P/E ratio: P/E = P/S ÷ net margin.
Where it misleads. One-off gains and charges land here, so a single year can be far from normal. Operating margin is steadier.
Net margin across the S&P 500 today
486 companies with a meaningful value, as of Oct 11, 2026. Full ranked list.
Highest in the S&P 500
| Western Digital Corporation WDC | 73.0% |
|---|---|
| VICI Properties Inc VICI | 67.5% |
| Simon Property Group Inc SPG | 66.5% |
| Applovin Corp APP | 64.6% |
| Micron Technology Inc MU | 63.8% |
| NVIDIA Corporation NVDA | 63.7% |
| CME Group Inc CME | 63.1% |
| Texas Pacific Land Corporation TPL | 60.3% |
| Sandisk Corp SNDK | 56.5% |
| Alphabet Inc Class A GOOGL | 54.8% |
Lowest in the S&P 500
| Lumentum Holdings Inc LITE | -230.1% |
|---|---|
| Moderna Inc MRNA | -141.4% |
| Alexandria Real Estate Equities Inc ARE | -36.1% |
| Paramount Skydance Corporation Class B Common Stock PSKY | -21.2% |
| Intel Corporation INTC | -19.8% |
| Coinbase Global Inc COIN | -15.7% |
| International Paper IP | -14.2% |
| Kraft Heinz Co KHC | -13.6% |
| Gilead Sciences Inc GILD | -10.6% |
| Baxter International Inc BAX | -9.3% |
Median net margin by sector
S&P 500 companies only. Sectors differ a lot, so compare a company with its own sector first.
| Sector | Median | Companies |
|---|---|---|
| Financial Services | 21.8% | 64 |
| Real Estate | 21.3% | 22 |
| Technology | 19.1% | 85 |
| Utilities | 14.3% | 31 |
| Healthcare | 13.6% | 56 |
| Energy | 12.4% | 20 |
| Industrials | 12.0% | 74 |
| Basic Materials | 11.0% | 15 |
| Communication Services | 9.8% | 20 |
| Consumer Cyclical | 9.7% | 52 |
| Consumer Defensive | 8.4% | 30 |
Questions
What is Net margin?
The share of revenue that ends up as profit for shareholders.
How is Net margin calculated?
Net margin = net income ÷ revenue.
What is a normal net margin?
Across 486 S&P 500 companies, the median is 13.2%; the middle half sits between 7.2% and 21.3%. It varies a lot by sector.
Related terms
Live figures from the latest prices and SEC filings. Information only, not investment advice. Updated October 9, 2026.