Research · refreshed nightly · August 17, 2026
Companies With Exploding Margins (October 2026)
Operating leverage doing its work.
Operating margin is where gross margin either becomes money or evaporates into overhead. Among these 50 companies with exploding margins, Mastercard tops the table at 58%, with TSMC close behind at 56% and MSCI at 55%, three tollbooths of very different kinds. Then the board turns odd: gold miners Aura Minerals, Aris Mining, and Fortuna all post 49% or better.
The miners are the caveat in plain sight. An operating margin is a snapshot, and commodity producers rent theirs from the metal price, while Mastercard's 58% is defended by network effects that outlast cycles. The median of 43% is high for a group this varied, and durability is what separates the halves. Click any name for the full citation-backed analysis.
50companies qualify
47%median operating margin
52median MGI
12joined this week
The ranking
Sorted by operating margin
1
LP
LPP SALPP.PL🇵🇱
operating margin 59% · revenue +18%/yr · asset light
G 35V 81O 40Cap $1.9B
MGI
35
MVI
81
MTI
55
MOI
40
Cap
$1.9B
Growth
+18%2
Pollen Street Group LimitedPOLN.GB🇬🇧
operating margin 58% · revenue +22%/yr · asset light
G 53V 66O 57Cap $730.8M
MGI
53
MVI
66
MTI
50
MOI
57
Cap
$730.8M
Growth
+16%3
Mastercard IncorporatedMA🇺🇸
operating margin 58% · revenue +13%/yr · asset light
G 63V 59O 67Cap $474.8B
MGI
63
MVI
59
MTI
48
MOI
67
Cap
$474.8B
Growth
+14%4
Wesdome Gold Mines Ltd.WDO.CA🇨🇦
operating margin 57% · revenue +33%/yr · asset light
G 48V 56O 49Cap $3.0B
MGI
48
MVI
56
MTI
52
MOI
49
Cap
$3.0B
Growth
+64%5
Taiwan Semiconductor Manufacturing Company LimitedTSM🇹🇼
operating margin 56% · revenue +23%/yr · asset light
G 50V 45O 47Cap $2.22T
MGI
50
MVI
45
MTI
55
MOI
47
Cap
$2.22T
Growth
+36%6
CVC Capital Partners plcCVC.GB🇬🇧
operating margin 55% · revenue +26%/yr · asset light
G 66V 56O 68Cap $17.7B
MGI
66
MVI
56
MTI
38
MOI
68
Cap
$17.7B
Growth
+19%7
Grupo Aeroportuario del Centro Norte, S.A.B. de C.V.OMAB🇲🇽
operating margin 55% · revenue +13%/yr · asset light
G 56V 51O 56Cap $5.0B
MGI
56
MVI
51
MTI
38
MOI
56
Cap
$5.0B
Growth
+3%8
Cityvarasto OyjCITYVA.FI🇫🇮
operating margin 54% · revenue +17%/yr · asset light
G 48V 58O 50Cap $162.9M
MGI
48
MVI
58
MTI
32
MOI
50
Cap
$162.9M
Growth
+24%9
Logistic Properties of the AmericasLPA🇨🇷
operating margin 54% · revenue +17%/yr · asset light
G 25V 64O 26Cap $105.2M
MGI
25
MVI
64
MTI
52
MOI
26
Cap
$105.2M
Growth
+22%10
Alvopetro Energy Ltd.ALV.CA🇨🇦
operating margin 53% · revenue +14%/yr · asset light
G 50V 60O 52Cap $296.9M
MGI
50
MVI
60
MTI
42
MOI
52
Cap
$296.9M
Growth
+24%11
Golar LNG LimitedGLNG🇧🇲
operating margin 52% · revenue +15%/yr · asset light
G 35V 54O 36Cap $5.2B
MGI
35
MVI
54
MTI
46
MOI
36
Cap
$5.2B
Growth
+109%12
RENK Group AGR3NK.DE🇩🇪
operating margin 51% · revenue +15%/yr · asset light
G 68V 59O 72Cap $5.4B
MGI
68
MVI
59
MTI
34
MOI
72
Cap
$5.4B
Growth
+4%13
Enlight Renewable Energy Ltd.ENLT🇮🇱
operating margin 51% · revenue +42%/yr · asset light
G 31V 47O 31Cap $11.9B
MGI
31
MVI
47
MTI
52
MOI
31
Cap
$11.9B
Growth
+43%14
Aris Mining Corp.ARIS.CA🇨🇦
operating margin 50% · revenue +27%/yr · asset light
G 53V 57O 55Cap $4.0B
MGI
53
MVI
57
MTI
52
MOI
55
Cap
$4.0B
Growth
+62%15
Fortuna Mining Corp.FVI.CA🇨🇦
operating margin 49% · revenue +13%/yr · asset light
G 50V 54O 51Cap $3.7B
MGI
50
MVI
54
MTI
48
MOI
51
Cap
$3.7B
Growth
+18%16
Swissquote Group Holding LtdSQN.CH🇨🇭
operating margin 49% · revenue +16%/yr · scale economics
G 55V 54O 57Cap $8.0B
MGI
55
MVI
54
MTI
46
MOI
57
Cap
$8.0B
Growth
+9%17
Fortuna Mining Corp.FSM🇨🇦
operating margin 49% · revenue +13%/yr · asset light
G 57V 62O 60Cap $3.1B
MGI
57
MVI
62
MTI
55
MOI
60
Cap
$3.1B
Growth
+38%18
Scout24 SEG24.DE🇩🇪
operating margin 49% · revenue +13%/yr · asset light
G 59V 57O 63Cap $6.1B
MGI
59
MVI
57
MTI
42
MOI
63
Cap
$6.1B
Growth
+29%19
KR
KRUK S.A.KRU.PL🇵🇱
operating margin 49% · revenue +13%/yr · asset light
G 46V 81O 54Cap $2.4B
MGI
46
MVI
81
MTI
42
MOI
54
Cap
$2.4B
Growth
+13%20
AngloGold Ashanti plcAU🇺🇸
operating margin 49% · revenue +24%/yr · asset light
G 48V 57O 51Cap $44.8B
MGI
48
MVI
57
MTI
57
MOI
51
Cap
$44.8B
Growth
+27%21
Aurinia Pharmaceuticals Inc.AUPH🇨🇦
operating margin 48% · revenue +44%/yr · asset light
G 47V 67O 51Cap $1.8B
MGI
47
MVI
67
MTI
52
MOI
51
Cap
$1.8B
Growth
+19%22
Natac Natural Ingredients, S.A.NAT.ES🇪🇸
operating margin 47% · revenue +116%/yr · asset light
G 36V 47O 36Cap $348M
MGI
36
MVI
47
MTI
42
MOI
36
Cap
$348M
Growth
+35%23
ChemoMetec A/SCHEMM.DK🇩🇰
operating margin 47% · revenue +15%/yr · asset light
G 66V 39O 62Cap $1.9B
MGI
66
MVI
39
MTI
42
MOI
62
Cap
$1.9B
Growth
+22%24
TMX Group LimitedX.CA🇨🇦
operating margin 47% · revenue +14%/yr · asset light
G 57V 56O 59Cap $10.0B
MGI
57
MVI
56
MTI
38
MOI
59
Cap
$10.0B
Growth
+16%25
Aena S.M.E., S.A.AENA.ES🇪🇸
operating margin 47% · revenue +22%/yr · asset light
G 57V 52O 59Cap $46.1B
MGI
57
MVI
52
MTI
38
MOI
59
Cap
$46.1B
Growth
+39%26
Microsoft CorporationMSFT🇺🇸
operating margin 47% · revenue +12%/yr · asset light
G 39V 50O 39Cap $3.22T
MGI
39
MVI
50
MTI
43
MOI
39
Cap
$3.22T
Growth
+18%27
Serabi Gold plcSRB.GB🇬🇧
operating margin 47% · revenue +23%/yr · asset light
G 52V 62O 54Cap $310.5M
MGI
52
MVI
62
MTI
58
MOI
54
Cap
$310.5M
Growth
+83%28
Eldorado Gold CorporationELD.CA🇨🇦
operating margin 46% · revenue +17%/yr · asset light
G 35V 55O 36Cap $10.9B
MGI
35
MVI
55
MTI
52
MOI
36
Cap
$10.9B
Growth
+8%29
Robinhood Markets, Inc.HOOD🇺🇸
operating margin 46% · revenue +22%/yr · asset light
G 59V 47O 58Cap $88.0B
MGI
59
MVI
47
MTI
48
MOI
58
Cap
$88.0B
Growth
+32%30
TransDigm Group IncorporatedTDG🇺🇸
operating margin 46% · revenue +15%/yr · asset light
G 45V 47O 44Cap $71.3B
MGI
45
MVI
47
MTI
44
MOI
44
Cap
$71.3B
Growth
+23%31
GO
Goodwill Pharma Plc.GOODWILLPHRM.HU🇭🇺
operating margin 46% · revenue +19%/yr · asset light
G 52V 59O 54Cap $222.6M
MGI
52
MVI
59
MTI
52
MOI
54
Cap
$222.6M
Growth
+19%32
Torex Gold Resources Inc.TXG.CA🇨🇦
operating margin 46% · revenue +16%/yr · asset light
G 50V 61O 53Cap $4.8B
MGI
50
MVI
61
MTI
57
MOI
53
Cap
$4.8B
Growth
+83%33
Adyen N.V.ADYEN.NL🇳🇱
operating margin 46% · revenue +21%/yr · asset light
G 69V 60O 73Cap $34.4B
MGI
69
MVI
60
MTI
45
MOI
73
Cap
$34.4B
Growth
+19%34
Krystal Biotech, Inc.KRYS🇺🇸
operating margin 45% · revenue +106%/yr · asset light
G 54V 47O 53Cap $10.4B
MGI
54
MVI
47
MTI
43
MOI
53
Cap
$10.4B
Growth
+24%35
Idaho Strategic Resources, Inc.IDR🇺🇸
operating margin 45% · revenue +46%/yr · asset light
G 56V 49O 56Cap $511.1M
MGI
56
MVI
49
MTI
47
MOI
56
Cap
$511.1M
Growth
+99%36
Tatton Asset Management plcTAM.GB🇬🇧
operating margin 45% · revenue +14%/yr · scale economics
G 69V 65O 74Cap $527.6M
MGI
69
MVI
65
MTI
37
MOI
74
Cap
$527.6M
Growth
+20%37
Hamilton Lane IncorporatedHLNE🇺🇸
operating margin 44% · revenue +18%/yr · asset light
G 69V 52O 70Cap $7.0B
MGI
69
MVI
52
MTI
43
MOI
70
Cap
$7.0B
Growth
+57%38
S&P Global Inc.SPGI🇺🇸
operating margin 44% · revenue +14%/yr · asset light
G 61V 61O 68Cap $121.8B
MGI
61
MVI
61
MTI
34
MOI
68
Cap
$121.8B
Growth
+10%39
ADMA Biologics, Inc.ADMA🇺🇸
operating margin 44% · revenue +45%/yr · asset light
G 42V 49O 42Cap $2.0B
MGI
42
MVI
49
MTI
62
MOI
42
Cap
$2.0B
Growth
+2%40
United Therapeutics CorporationUTHR🇺🇸
operating margin 44% · revenue +13%/yr · asset light
G 70V 56O 72Cap $22.3B
MGI
70
MVI
56
MTI
55
MOI
72
Cap
$22.3B
Growth
-2%41
InterDigital, Inc.IDCC🇺🇸
operating margin 44% · revenue +13%/yr · asset light
G 51V 57O 54Cap $8.1B
MGI
51
MVI
57
MTI
48
MOI
54
Cap
$8.1B
Growth
+13%42
Tradeweb Markets Inc.TW🇺🇸
operating margin 44% · revenue +15%/yr · asset light
G 71V 57O 74Cap $22.1B
MGI
71
MVI
57
MTI
48
MOI
74
Cap
$22.1B
Growth
+9%43
Corpay, Inc.CPAY🇺🇸
operating margin 44% · revenue +12%/yr · asset light
G 44V 53O 45Cap $24.7B
MGI
44
MVI
53
MTI
44
MOI
45
Cap
$24.7B
Growth
+25%44
Pan African Resources PLCPAN.ZA🇿🇦
operating margin 44% · revenue +21%/yr · asset light
G 50V 53O 51Cap $3.0B
MGI
50
MVI
53
MTI
48
MOI
51
Cap
$3.0B
Growth
+45%45
Vista Energy, S.A.B. de C.V.VIST🇲🇽
operating margin 43% · revenue +40%/yr · asset light
G 43V 56O 44Cap $7.1B
MGI
43
MVI
56
MTI
55
MOI
44
Cap
$7.1B
Growth
+102%46
Palantir Technologies Inc.PLTR🇺🇸
operating margin 43% · revenue +32%/yr · asset light
G 61V 40O 56Cap $418.2B
MGI
61
MVI
40
MTI
42
MOI
56
Cap
$418.2B
Growth
+85%47
EQT ABEQT.SE🇸🇪
operating margin 43% · revenue +13%/yr · asset light
G 61V 58O 64Cap $42.6B
MGI
61
MVI
58
MTI
44
MOI
64
Cap
$42.6B
Growth
-1%48
Mako Mining Corp.MAKO🇨🇦
operating margin 43% · revenue +58%/yr · asset light
G 50V 41O 48Cap $886.2M
MGI
50
MVI
41
MTI
68
MOI
48
Cap
$886.2M
Growth
+116%
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