Valuation multiples › EBIT margin
EBIT margin by sector and industry
Operating (EBIT) margin: median and quartiles across 11 GICS sectors and 179 industries, from 28,920 valued stocks worldwide.
As of September 6, 2026 · updated daily · CSVJSON
What the numbers show
The lowest sector median is 4.4 % (Communication Services, 1,168 values), the highest 32.2 % (Financials, 3,190 values).
The middle sector (Industrials) has a median of 6.6 %; half of its 5,299 stocks sit between 0.7 % and 13.5 %.
EBIT margin by sector
| Sector | P25 | Median | P75 | Values |
|---|---|---|---|---|
| Communication Services | -4.3 % | 4.4 % | 14.7 % | 1,168 |
| Information Technology | -2.6 % | 5.3 % | 13.4 % | 3,523 |
| Consumer Discretionary | 0.0 % | 5.3 % | 11.8 % | 3,737 |
| Materials | 0.0 % | 5.7 % | 13.5 % | 3,290 |
| Consumer Staples | 0.9 % | 5.9 % | 12.6 % | 1,738 |
| Industrials | 0.7 % | 6.6 % | 13.5 % | 5,299 |
| Health Care | -0.2 % | 7.4 % | 16.7 % | 2,173 |
| Energy | 0.0 % | 7.6 % | 20.9 % | 1,130 |
| Utilities | 4.5 % | 14.8 % | 25.5 % | 656 |
| Real Estate | 0.7 % | 17.8 % | 49.9 % | 1,781 |
| Financials | 9.7 % | 32.2 % | 51.7 % | 3,190 |
EBIT margin by industry (179)
Grouped by sector, sorted by median within each sector. Only industries with at least ten valued stocks.
Communication Services (8)
| Industry | P25 | Median | P75 | Values |
|---|---|---|---|---|
| Media & Publishing | 0.0 % | 0.0 % | 4.7 % | 15 |
| Entertainment | -10.7 % | 1.1 % | 10.3 % | 243 |
| Broadcasting | -7.5 % | 1.7 % | 11.3 % | 62 |
| Advertising Agencies | -6.3 % | 1.8 % | 8.3 % | 186 |
| Publishing | -4.2 % | 4.9 % | 13.3 % | 107 |
| Internet Content & Information | -9.0 % | 5.2 % | 19.1 % | 147 |
| Electronic Gaming & Multimedia | -5.2 % | 7.9 % | 23.9 % | 144 |
| Telecom Services | 2.8 % | 10.4 % | 20.9 % | 245 |
Consumer Discretionary (29)
| Industry | P25 | Median | P75 | Values |
|---|---|---|---|---|
| Textiles & Apparel | -0.4 % | 0.0 % | 2.9 % | 12 |
| Hotels & Entertainment Services | -0.1 % | 0.0 % | 0.0 % | 12 |
| Textiles | -3.7 % | 1.0 % | 6.0 % | 37 |
| Consumer Electronics | -7.8 % | 1.6 % | 6.2 % | 127 |
| Recreational Vehicles | -8.2 % | 1.8 % | 8.7 % | 33 |
| Automobiles & Auto Parts | 0.8 % | 2.1 % | 3.4 % | 12 |
| Internet Retail | -1.4 % | 2.2 % | 6.7 % | 103 |
| Apparel Retail | -3.5 % | 3.5 % | 10.4 % | 102 |
| Auto & Truck Dealerships | 0.8 % | 3.7 % | 6.9 % | 96 |
| Auto Manufacturers | -2.5 % | 3.8 % | 8.2 % | 109 |
| Specialty Retail | 0.3 % | 3.9 % | 9.1 % | 213 |
| Restaurants | -0.7 % | 4.1 % | 10.0 % | 219 |
| Furnishings, Fixtures & Appliances | -0.2 % | 4.3 % | 10.1 % | 314 |
| Apparel Manufacturing | -2.7 % | 4.4 % | 11.1 % | 214 |
| Textile Manufacturing | 0.0 % | 4.5 % | 9.7 % | 322 |
| Discount Stores | 3.4 % | 4.6 % | 7.9 % | 24 |
| Home Improvement Retail | 3.2 % | 4.9 % | 10.0 % | 34 |
| Footwear & Accessories | 1.5 % | 5.2 % | 11.2 % | 92 |
| Leisure | -3.4 % | 5.4 % | 14.8 % | 188 |
| Travel Services | -2.8 % | 6.4 % | 12.3 % | 89 |
| Auto Parts | 2.4 % | 6.4 % | 11.3 % | 636 |
| Department Stores | 2.3 % | 6.4 % | 11.0 % | 119 |
| Luxury Goods | 1.6 % | 7.5 % | 14.9 % | 133 |
| Residential Construction | 4.4 % | 7.8 % | 12.5 % | 63 |
| Gambling | 1.8 % | 8.7 % | 16.6 % | 52 |
| Personal Services | 4.3 % | 9.2 % | 17.6 % | 39 |
| Education & Training Services | -5.4 % | 9.9 % | 22.0 % | 140 |
| Resorts & Casinos | 0.1 % | 12.7 % | 18.3 % | 71 |
| Lodging | -1.1 % | 14.6 % | 25.8 % | 158 |
Consumer Staples (14)
| Industry | P25 | Median | P75 | Values |
|---|---|---|---|---|
| Food & Tobacco | 0.0 % | 0.0 % | 0.0 % | 21 |
| Agricultural Products | -5.2 % | 1.0 % | 3.1 % | 15 |
| Pharmaceutical Retailers | -0.2 % | 2.5 % | 5.1 % | 55 |
| Food Distribution | 0.8 % | 3.1 % | 7.7 % | 81 |
| Grocery Stores | 2.1 % | 4.0 % | 6.4 % | 78 |
| Food Products | 0.3 % | 4.4 % | 6.4 % | 13 |
| Farm Products | -1.1 % | 5.0 % | 13.8 % | 286 |
| Packaged Foods | 2.1 % | 6.1 % | 11.4 % | 638 |
| Household & Personal Products | 1.1 % | 7.2 % | 14.4 % | 242 |
| Confectioners | 0.0 % | 7.9 % | 15.6 % | 78 |
| Beverages - Wineries & Distilleries | 0.0 % | 9.5 % | 19.8 % | 89 |
| Beverages - Non-Alcoholic | 3.6 % | 11.0 % | 18.6 % | 87 |
| Beverages - Brewers | 4.2 % | 11.0 % | 18.4 % | 55 |
| Tobacco | 0.3 % | 13.4 % | 31.1 % | 34 |
Energy (8)
| Industry | P25 | Median | P75 | Values |
|---|---|---|---|---|
| Uranium | 0.0 % | 0.0 % | 5.3 % | 17 |
| Oil & Gas Refining & Marketing | 1.6 % | 5.6 % | 11.9 % | 109 |
| Oil & Gas Equipment & Services | -1.1 % | 6.2 % | 13.7 % | 181 |
| Oil & Gas Drilling | 4.4 % | 7.5 % | 19.6 % | 34 |
| Thermal Coal | 1.5 % | 9.2 % | 16.5 % | 97 |
| Oil & Gas Integrated | 6.0 % | 14.1 % | 20.5 % | 52 |
| Oil & Gas E&P | -0.6 % | 18.7 % | 38.3 % | 255 |
| Oil & Gas Midstream | 6.9 % | 22.6 % | 43.1 % | 88 |
Financials (21)
| Industry | P25 | Median | P75 | Values |
|---|---|---|---|---|
| Shell Companies | 0.0 % | 0.0 % | 0.0 % | 62 |
| Banking Services | 0.0 % | 0.0 % | 0.0 % | 14 |
| Diversified Financial Services | 0.0 % | 0.8 % | 51.4 % | 10 |
| Investment Banking & Investment Services | 0.0 % | 2.5 % | 51.4 % | 16 |
| Insurance - Property & Casualty | 4.9 % | 11.0 % | 18.0 % | 117 |
| Insurance - Diversified | 4.7 % | 11.1 % | 17.0 % | 83 |
| Insurance - Reinsurance | 9.9 % | 15.5 % | 20.7 % | 29 |
| Financial Conglomerates | 6.6 % | 15.5 % | 37.1 % | 52 |
| Insurance Brokers | 3.5 % | 16.3 % | 24.7 % | 36 |
| Insurance - Life | 6.9 % | 18.3 % | 33.0 % | 94 |
| Insurance - Specialty | 9.5 % | 18.5 % | 27.8 % | 28 |
| Capital Markets | 1.0 % | 24.3 % | 47.7 % | 418 |
| REIT - Mortgage | 3.3 % | 25.0 % | 72.6 % | 36 |
| Credit Services | 12.9 % | 35.2 % | 58.2 % | 315 |
| Banks - Regional | 26.4 % | 39.2 % | 50.1 % | 1,062 |
| Specialized Finance | 0.0 % | 39.3 % | 81.0 % | 17 |
| Asset Management | 6.0 % | 39.4 % | 83.1 % | 635 |
| Financial Data & Stock Exchanges | 17.6 % | 39.7 % | 50.8 % | 52 |
| Banks - Diversified | 38.7 % | 44.9 % | 53.5 % | 47 |
| Financial Services | 3.5 % | 48.1 % | 68.4 % | 12 |
| Mortgage Finance | 25.7 % | 66.8 % | 75.8 % | 92 |
Health Care (12)
| Industry | P25 | Median | P75 | Values |
|---|---|---|---|---|
| Biotechnology | -7.2 % | 0.0 % | 16.0 % | 430 |
| Medical Distribution | 1.0 % | 3.4 % | 7.4 % | 78 |
| Health Information Services | -8.8 % | 3.9 % | 12.7 % | 117 |
| Healthcare Plans | 2.9 % | 5.1 % | 11.0 % | 15 |
| Medical Devices | -9.9 % | 6.0 % | 15.4 % | 307 |
| Pharmaceuticals | 0.4 % | 6.0 % | 11.9 % | 52 |
| Diagnostics & Research | -12.8 % | 8.7 % | 18.1 % | 120 |
| Medical Care Facilities | 3.6 % | 9.0 % | 14.6 % | 252 |
| Healthcare Equipment & Supplies | 0.0 % | 9.5 % | 19.8 % | 10 |
| Drug Manufacturers - Specialty & Generic | 0.0 % | 9.8 % | 17.7 % | 579 |
| Medical Instruments & Supplies | 4.6 % | 10.5 % | 19.6 % | 185 |
| Drug Manufacturers - General | 7.3 % | 19.4 % | 30.4 % | 74 |
Industrials (32)
| Industry | P25 | Median | P75 | Values |
|---|---|---|---|---|
| Electrical Utilities & IPPs | 0.0 % | 0.0 % | 0.0 % | 11 |
| Construction & Engineering | 0.0 % | 0.0 % | 5.6 % | 15 |
| Machinery, Tools, Heavy Vehicles, Trains & Ships | -0.5 % | 1.5 % | 9.2 % | 39 |
| Staffing & Employment Services | 0.5 % | 2.0 % | 6.4 % | 79 |
| Trucking | 0.4 % | 2.4 % | 8.3 % | 45 |
| Aerospace & Defense | -0.3 % | 3.2 % | 12.8 % | 11 |
| Integrated Freight & Logistics | 1.1 % | 4.3 % | 8.9 % | 205 |
| Electrical Equipment | 2.5 % | 4.3 % | 15.2 % | 20 |
| Business Equipment & Supplies | -2.4 % | 4.4 % | 12.1 % | 74 |
| Professional & Commercial Services | 0.0 % | 4.6 % | 10.9 % | 11 |
| Engineering & Construction | -0.3 % | 4.6 % | 10.3 % | 808 |
| Industrial Distribution | 2.2 % | 5.2 % | 8.5 % | 112 |
| Metal Fabrication | 1.0 % | 5.5 % | 11.7 % | 246 |
| Airlines | -2.8 % | 5.6 % | 12.2 % | 56 |
| Pollution & Treatment Controls | -1.0 % | 5.6 % | 12.2 % | 86 |
| Conglomerates | 0.0 % | 5.9 % | 12.4 % | 360 |
| Construction & Engineering | 0.0 % | 6.3 % | 9.1 % | 18 |
| Building Products & Equipment | -1.0 % | 6.4 % | 11.7 % | 237 |
| Specialty Business Services | 0.5 % | 6.5 % | 13.0 % | 245 |
| Electrical Equipment & Parts | 1.1 % | 6.7 % | 12.6 % | 532 |
| Consulting Services | 0.2 % | 7.5 % | 17.4 % | 78 |
| Specialty Industrial Machinery | 1.7 % | 7.9 % | 14.3 % | 776 |
| Waste Management | 0.0 % | 8.1 % | 21.7 % | 160 |
| Industrial Machinery | 4.5 % | 8.2 % | 16.9 % | 24 |
| Farm & Heavy Construction Machinery | 3.6 % | 8.3 % | 11.7 % | 147 |
| Railroads | 2.7 % | 8.4 % | 18.7 % | 110 |
| Tools & Accessories | 3.9 % | 9.0 % | 14.5 % | 121 |
| Aerospace & Defense | 4.8 % | 10.5 % | 17.0 % | 222 |
| Rental & Leasing Services | 2.5 % | 12.5 % | 22.0 % | 88 |
| Airports & Air Services | 5.5 % | 12.8 % | 26.9 % | 52 |
| Marine Shipping | 5.0 % | 15.0 % | 26.4 % | 228 |
| Infrastructure Operations | 5.4 % | 25.7 % | 43.4 % | 62 |
Information Technology (18)
| Industry | P25 | Median | P75 | Values |
|---|---|---|---|---|
| Solar | -15.5 % | 0.7 % | 11.5 % | 102 |
| Electronic Equipment & Parts | -2.8 % | 0.9 % | 6.0 % | 19 |
| IT Services | 0.0 % | 2.2 % | 15.6 % | 35 |
| Electronics & Computer Distribution | 1.4 % | 3.4 % | 5.8 % | 150 |
| Computers, Phones & Household Electronics | 0.9 % | 3.5 % | 7.4 % | 10 |
| Software - Infrastructure | -9.5 % | 4.0 % | 15.3 % | 343 |
| Communication Equipment | -2.4 % | 4.1 % | 11.0 % | 294 |
| Communications & Networking | -9.1 % | 4.1 % | 8.6 % | 13 |
| Computer Hardware | -1.5 % | 4.2 % | 9.7 % | 214 |
| Software - Application | -8.8 % | 4.3 % | 15.0 % | 645 |
| Software & IT Services | -0.1 % | 4.6 % | 10.4 % | 33 |
| Information Technology Services | 0.0 % | 5.4 % | 11.9 % | 479 |
| Electronic Components | -0.6 % | 5.9 % | 12.0 % | 627 |
| Security & Protection Services | -3.3 % | 6.0 % | 12.5 % | 107 |
| Scientific & Technical Instruments | -1.6 % | 6.1 % | 15.9 % | 156 |
| Semiconductors | -2.1 % | 8.5 % | 18.4 % | 317 |
| Semiconductors & Semiconductor Equipment | 0.7 % | 8.6 % | 14.8 % | 48 |
| Semiconductor Equipment & Materials | 2.1 % | 10.8 % | 21.1 % | 211 |
Materials (18)
| Industry | P25 | Median | P75 | Values |
|---|---|---|---|---|
| Coking Coal | -12.6 % | -3.1 % | 5.1 % | 25 |
| Metals & Mining | 0.0 % | 0.0 % | 0.0 % | 29 |
| Other | 0.0 % | 0.0 % | 3.6 % | 124 |
| Other Industrial Metals & Mining | 0.0 % | 0.7 % | 18.9 % | 309 |
| Other Precious Metals & Mining | 0.0 % | 1.1 % | 31.0 % | 72 |
| Lumber & Wood Production | -13.9 % | 1.8 % | 6.9 % | 75 |
| Paper & Paper Products | -0.1 % | 2.5 % | 8.1 % | 116 |
| Steel | 0.3 % | 4.1 % | 9.6 % | 393 |
| Packaging & Containers | 2.2 % | 5.7 % | 10.2 % | 268 |
| Building Materials | -2.4 % | 6.4 % | 12.9 % | 257 |
| Agricultural Inputs | 0.8 % | 6.4 % | 12.9 % | 172 |
| Specialty Chemicals | 2.4 % | 7.3 % | 14.0 % | 684 |
| Aluminum | 3.6 % | 7.7 % | 14.5 % | 79 |
| Copper | 2.6 % | 7.8 % | 34.3 % | 56 |
| Chemicals | 2.4 % | 8.0 % | 13.9 % | 332 |
| Containers & Packaging | 1.4 % | 8.9 % | 10.1 % | 23 |
| Gold | 0.0 % | 29.6 % | 49.3 % | 186 |
| Silver | 0.0 % | 39.9 % | 53.9 % | 14 |
Real Estate (13)
| Industry | P25 | Median | P75 | Values |
|---|---|---|---|---|
| Real Estate Operations | 0.0 % | 0.0 % | 0.0 % | 37 |
| Real Estate Development | 0.0 % | 3.8 % | 24.5 % | 27 |
| Real Estate - Development | -4.7 % | 10.3 % | 23.8 % | 538 |
| REIT - Hotel & Motel | 4.4 % | 11.1 % | 48.2 % | 35 |
| Real Estate - Diversified | 3.0 % | 18.7 % | 49.3 % | 126 |
| REIT - Residential | 1.9 % | 21.0 % | 36.1 % | 43 |
| Real Estate Services | 2.5 % | 21.3 % | 53.7 % | 500 |
| REIT - Office | 15.6 % | 42.4 % | 65.2 % | 68 |
| REIT - Specialty | 24.8 % | 47.7 % | 71.8 % | 31 |
| REIT - Diversified | 15.3 % | 49.7 % | 66.7 % | 151 |
| REIT - Healthcare Facilities | 23.4 % | 55.4 % | 80.2 % | 25 |
| REIT - Retail | 41.1 % | 59.0 % | 67.5 % | 94 |
| REIT - Industrial | 43.4 % | 65.2 % | 77.0 % | 56 |
Utilities (6)
| Industry | P25 | Median | P75 | Values |
|---|---|---|---|---|
| Utilities - Regulated Gas | 5.4 % | 10.1 % | 19.5 % | 105 |
| Utilities - Diversified | 6.5 % | 15.2 % | 22.8 % | 52 |
| Utilities - Independent Power Producers | 1.8 % | 15.3 % | 22.2 % | 75 |
| Utilities - Renewable | 0.4 % | 16.2 % | 31.3 % | 195 |
| Utilities - Regulated Electric | 10.1 % | 18.1 % | 27.2 % | 153 |
| Utilities - Regulated Water | 9.0 % | 20.1 % | 33.8 % | 64 |
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Suggested citation: Fair Value Calculator (2026): Operating (EBIT) margin by sector and industry, as of September 6, 2026. https://www.fairvalue-calculator.com/valuation-multiples/ebit-margin
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