Research · refreshed nightly · July 28, 2026
Companies With Exploding Margins (July 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
46%median operating margin
52median MGI
15joined this week
The ranking
Sorted by operating margin
1
LandBridge Company LLCLB🇺🇸
operating margin 59% · revenue +41%/yr · asset light
G 69V 52O 70Cap $5.6B
MGI
69
MVI
52
MTI
40
MOI
70
Cap
$5.6B
Growth
+16%2
Gaztransport et Technigaz S.A.GTT.FR🇫🇷
operating margin 59% · revenue +15%/yr · asset light
G 68V 64O 76Cap $7.3B
MGI
68
MVI
64
MTI
42
MOI
76
Cap
$7.3B
Growth
+25%3
Mastercard IncorporatedMA🇺🇸
operating margin 58% · revenue +12%/yr · asset light
G 64V 57O 69Cap $465.3B
MGI
64
MVI
57
MTI
48
MOI
69
Cap
$465.3B
Growth
+16%4
Wesdome Gold Mines Ltd.WDO.CA🇨🇦
operating margin 58% · revenue +31%/yr · asset light
G 48V 59O 50Cap $2.7B
MGI
48
MVI
59
MTI
52
MOI
50
Cap
$2.7B
Growth
+64%5
Pollen Street Group LimitedPOLN.GB🇬🇧
operating margin 58% · revenue +22%/yr · asset light
G 53V 67O 57Cap $714.3M
MGI
53
MVI
67
MTI
50
MOI
57
Cap
$714.3M
Growth
+16%6
Taiwan Semiconductor Manufacturing Company LimitedTSM🇹🇼
operating margin 56% · revenue +23%/yr · asset light
G 50V 47O 48Cap $2.03T
MGI
50
MVI
47
MTI
55
MOI
48
Cap
$2.03T
Growth
+35%7
Cityvarasto OyjCITYVA.FI🇫🇮
operating margin 54% · revenue +17%/yr · asset light
G 48V 59O 51Cap $159.6M
MGI
48
MVI
59
MTI
32
MOI
51
Cap
$159.6M
Growth
+24%8
Alamos Gold Inc.AGI🇨🇦
operating margin 54% · revenue +20%/yr · asset light
G 52V 56O 53Cap $12.5B
MGI
52
MVI
56
MTI
33
MOI
53
Cap
$12.5B
Growth
+79%9
Alvopetro Energy Ltd.ALV.CA🇨🇦
operating margin 53% · revenue +13%/yr · asset light
G 50V 59O 52Cap $302.4M
MGI
50
MVI
59
MTI
42
MOI
52
Cap
$302.4M
Growth
+24%10
Logistic Properties of the AmericasLPA🇨🇷
operating margin 52% · revenue +16%/yr · asset light
G 25V 65O 26Cap $101.7M
MGI
25
MVI
65
MTI
52
MOI
26
Cap
$101.7M
Growth
+22%11
Kinross Gold CorporationK.CA🇨🇦
operating margin 51% · revenue +25%/yr · asset light
G 45V 62O 48Cap $28.6B
MGI
45
MVI
62
MTI
57
MOI
48
Cap
$28.6B
Growth
+61%12
InterDigital, Inc.IDCC🇺🇸
operating margin 50% · revenue +14%/yr · asset light
G 60V 61O 64Cap $7.2B
MGI
60
MVI
61
MTI
44
MOI
64
Cap
$7.2B
Growth
+14%13
Enlight Renewable Energy Ltd.ENLT🇮🇱
operating margin 50% · revenue +39%/yr · asset light
G 31V 45O 30Cap $12.7B
MGI
31
MVI
45
MTI
52
MOI
30
Cap
$12.7B
Growth
+43%14
Aris Mining Corp.ARIS.CA🇨🇦
operating margin 49% · revenue +24%/yr · asset light
G 51V 62O 54Cap $3.1B
MGI
51
MVI
62
MTI
53
MOI
54
Cap
$3.1B
Growth
+137%15
Fortuna Mining Corp.FSM🇨🇦
operating margin 49% · revenue +13%/yr · asset light
G 57V 64O 61Cap $2.8B
MGI
57
MVI
64
MTI
55
MOI
61
Cap
$2.8B
Growth
+18%16
Fortuna Mining Corp.FVI.CA🇨🇦
operating margin 49% · revenue +13%/yr · asset light
G 50V 63O 53Cap $2.6B
MGI
50
MVI
63
MTI
48
MOI
53
Cap
$2.6B
Growth
+18%17
KR
KRUK S.A.KRU.PL🇵🇱
operating margin 49% · revenue +13%/yr · asset light
G 46V 81O 55Cap $2.3B
MGI
46
MVI
81
MTI
42
MOI
55
Cap
$2.3B
Growth
+13%18
ChemoMetec A/SCHEMM.DK🇩🇰
operating margin 47% · revenue +15%/yr · asset light
G 66V 39O 63Cap $1.9B
MGI
66
MVI
39
MTI
42
MOI
63
Cap
$1.9B
Growth
+22%19
TransDigm Group IncorporatedTDG🇺🇸
operating margin 47% · revenue +14%/yr · asset light
G 45V 48O 44Cap $67.9B
MGI
45
MVI
48
MTI
44
MOI
44
Cap
$67.9B
Growth
+18%20
Microsoft CorporationMSFT🇺🇸
operating margin 47% · revenue +11%/yr · asset light
G 49V 52O 50Cap $2.82T
MGI
49
MVI
52
MTI
48
MOI
50
Cap
$2.82T
Growth
+18%21
Serabi Gold plcSRB.GB🇬🇧
operating margin 47% · revenue +23%/yr · asset light
G 52V 68O 56Cap $240.2M
MGI
52
MVI
68
MTI
58
MOI
56
Cap
$240.2M
Growth
+83%22
Adyen N.V.ADYEN.NL🇳🇱
operating margin 47% · revenue +28%/yr · asset light
G 69V 64O 74Cap $29.9B
MGI
69
MVI
64
MTI
45
MOI
74
Cap
$29.9B
Growth
+19%23
Scout24 SEG24.DE🇩🇪
operating margin 47% · revenue +12%/yr · asset light
G 59V 59O 64Cap $5.6B
MGI
59
MVI
59
MTI
42
MOI
64
Cap
$5.6B
Growth
+29%24
Robinhood Markets, Inc.HOOD🇺🇸
operating margin 46% · revenue +21%/yr · asset light
G 57V 62O 61Cap $74.3B
MGI
57
MVI
62
MTI
52
MOI
61
Cap
$74.3B
Growth
+15%25
Corpay, Inc.CPAY🇺🇸
operating margin 46% · revenue +11%/yr · asset light
G 52V 57O 54Cap $22.0B
MGI
52
MVI
57
MTI
52
MOI
54
Cap
$22.0B
Growth
+25%26
TMX Group LimitedX.CA🇨🇦
operating margin 46% · revenue +13%/yr · asset light
G 68V 59O 71Cap $9.9B
MGI
68
MVI
59
MTI
38
MOI
71
Cap
$9.9B
Growth
+24%27
Torex Gold Resources Inc.TXG.CA🇨🇦
operating margin 46% · revenue +14%/yr · asset light
G 50V 68O 54Cap $3.7B
MGI
50
MVI
68
MTI
57
MOI
54
Cap
$3.7B
Growth
+83%28
United Therapeutics CorporationUTHR🇺🇸
operating margin 45% · revenue +13%/yr · asset light
G 70V 52O 71Cap $25.6B
MGI
70
MVI
52
MTI
55
MOI
71
Cap
$25.6B
Growth
-2%29
Tatton Asset Management plcTAM.GB🇬🇧
operating margin 45% · revenue +14%/yr · scale economics
G 69V 65O 74Cap $529.7M
MGI
69
MVI
65
MTI
37
MOI
74
Cap
$529.7M
Growth
+20%30
Golar LNG LimitedGLNG🇧🇲
operating margin 45% · revenue +12%/yr · asset light
G 35V 54O 36Cap $5.2B
MGI
35
MVI
54
MTI
46
MOI
36
Cap
$5.2B
Growth
+109%31
Pan African Resources PLCPAN.ZA🇿🇦
operating margin 44% · revenue +21%/yr · asset light
G 50V 54O 51Cap $2.8B
MGI
50
MVI
54
MTI
48
MOI
51
Cap
$2.8B
Growth
+45%32
S&P Global Inc.SPGI🇺🇸
operating margin 44% · revenue +14%/yr · asset light
G 60V 53O 62Cap $128.0B
MGI
60
MVI
53
MTI
35
MOI
62
Cap
$128.0B
Growth
+10%33
Eldorado Gold CorporationELD.CA🇨🇦
operating margin 44% · revenue +16%/yr · asset light
G 39V 51O 39Cap $8.9B
MGI
39
MVI
51
MTI
47
MOI
39
Cap
$8.9B
Growth
+50%34
Eli Lilly and CompanyLLY🇺🇸
operating margin 44% · revenue +21%/yr · asset light
G 50V 46O 48Cap $944.9B
MGI
50
MVI
46
MTI
46
MOI
48
Cap
$944.9B
Growth
+56%35
Mako Mining Corp.MKO.CA🇨🇦
operating margin 43% · revenue +58%/yr · asset light
G 33V 55O 34Cap $673.1M
MGI
33
MVI
55
MTI
72
MOI
34
Cap
$673.1M
Growth
+116%36
NOBA Bank Group AB (publ)NOBA.SE🇸🇪
operating margin 43% · revenue +34%/yr · asset light
G 45V 46O 44Cap $6.3B
MGI
45
MVI
46
MTI
54
MOI
44
Cap
$6.3B
Growth
+34%37
Arista Networks, Inc.ANET🇺🇸
operating margin 43% · revenue +27%/yr · asset light
G 68V 59O 73Cap $184.8B
MGI
68
MVI
59
MTI
48
MOI
73
Cap
$184.8B
Growth
+27%38
Mako Mining Corp.MAKO🇨🇦
operating margin 43% · revenue +58%/yr · asset light
G 50V 52O 50Cap $595.6M
MGI
50
MVI
52
MTI
68
MOI
50
Cap
$595.6M
Growth
+116%39
Broadcom Inc.AVGO🇺🇸
operating margin 43% · revenue +22%/yr · asset light
G 49V 50O 49Cap $1.91T
MGI
49
MVI
50
MTI
50
MOI
49
Cap
$1.91T
Growth
+22%40
Hamilton Lane IncorporatedHLNE🇺🇸
operating margin 43% · revenue +15%/yr · asset light
G 69V 63O 73Cap $4.6B
MGI
69
MVI
63
MTI
43
MOI
73
Cap
$4.6B
Growth
-2%41
Tradeweb Markets Inc.TW🇺🇸
operating margin 43% · revenue +15%/yr · asset light
G 69V 64O 77Cap $23.6B
MGI
69
MVI
64
MTI
40
MOI
77
Cap
$23.6B
Growth
+21%42
Vista Energy, S.A.B. de C.V.VIST🇲🇽
operating margin 43% · revenue +40%/yr · asset light
G 43V 57O 45Cap $7.1B
MGI
43
MVI
57
MTI
55
MOI
45
Cap
$7.1B
Growth
+97%43
EQT ABEQT.SE🇸🇪
operating margin 43% · revenue +13%/yr · asset light
G 61V 60O 64Cap $40.6B
MGI
61
MVI
60
MTI
44
MOI
64
Cap
$40.6B
Growth
-1%44
Krystal Biotech, Inc.KRYS🇺🇸
operating margin 43% · revenue +102%/yr · asset light
G 54V 52O 54Cap $9.0B
MGI
54
MVI
52
MTI
43
MOI
54
Cap
$9.0B
Growth
+32%45
Rigel Pharmaceuticals, Inc.RIGL🇺🇸
operating margin 42% · revenue +15%/yr · asset light
G 61V 77O 68Cap $594.8M
MGI
61
MVI
77
MTI
43
MOI
68
Cap
$594.8M
Growth
+10%46
KLA CorporationKLAC🇺🇸
operating margin 42% · revenue +10%/yr · asset light
G 66V 45O 63Cap $229.5B
MGI
66
MVI
45
MTI
43
MOI
63
Cap
$229.5B
Growth
+12%47
Endeavour Mining plcEDV.GB🇬🇧
operating margin 42% · revenue +11%/yr · asset light
G 33V 56O 34Cap $11.1B
MGI
33
MVI
56
MTI
65
MOI
34
Cap
$11.1B
Growth
+11%48
ADMA Biologics, Inc.ADMA🇺🇸
operating margin 42% · revenue +44%/yr · asset light
G 42V 48O 42Cap $2.0B
MGI
42
MVI
48
MTI
62
MOI
42
Cap
$2.0B
Growth
0%
Changed this week
Week over week, from the nightly refresh.
Entered
Fortuna Mining Corp. (FVI.CA) · joined at #16 · operating margin 49% · revenue +13%/yr · asset light
EnteredMako Mining Corp. (MKO.CA) · joined at #35 · operating margin 43% · revenue +58%/yr · asset light
EnteredAUPH (AUPH) · since left the ranking
EnteredAlvopetro Energy Ltd. (ALV.CA) · joined at #9 · operating margin 53% · revenue +13%/yr · asset light
EnteredEndeavour Mining plc (EDV.GB) · joined at #47 · operating margin 42% · revenue +11%/yr · asset light
+7 more
ADMA, KLAC, MSFT, EDV.GB, USLM, RIGL, LB also joined
Left
OMAB, AUPH, MHC.U.US, AUGO, AU, AUPH, EDV.GB, MSCI, TRX.CA, ADMA, KLAC, USLM
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Research tool, not investment advice. Rankings are generated by our models from company filings and market data, refresh nightly, and are identical for every visitor. Scores reflect our methodology and are not recommendations to act. Data as of 2026-07-28.