Basis: Latest reported fiscal quarter. Source: stored company filings and market data; unavailable inputs remain N/A.
Is the gross margin high or low?
The gross margin of 75.84% is 109% above its 5-year average of 36.38%, near the high end of its 5-year range (1.02%–75.84%).
As of the fiscal period ended Tuesday, June 30, 2026. 98.39% above its 12-month average of 38.23%.
Reported quarterly gross margin; no daily interpolation.
GROSS MARGIN
75.84%
GROSS MARGIN AVG TTM
38.23%
GROSS MARGIN AVG 3Y
35.47%
GROSS MARGIN AVG 5Y
35.85%
GROSS MARGIN AVG 10Y
36.09%
GROSS MARGIN AVG 15Y
36.63%
GROSS MARGIN AVG 20Y
36.58%
CURRENT VS TTM AVG
+98.39%
CURRENT VS 3Y AVG
+113.81%
CURRENT VS 5Y AVG
+111.57%
CURRENT VS 10Y AVG
+110.15%
CURRENT VS 15Y AVG
+107.03%
CURRENT VS 20Y AVG
+107.33%
SECTOR MEDIAN · REAL ESTATE
40.22%
median of 40 covered companies
CURRENT VS SECTOR MEDIAN
+88.59%
vs the sector median at left
Apple Hospitality REIT, Inc.
Market Cap
$3.82B
Gross Margin
75.84%
TTM Avg
38.23%
3Y Avg
35.47%
5Y Avg
35.85%
Market Cap
$3.36B
Gross Margin
8.30%
TTM Avg
7.68%
3Y Avg
6.66%
5Y Avg
7.38%
Market Cap
$2.06B
Gross Margin
4.75%
TTM Avg
25.66%
3Y Avg
37.19%
5Y Avg
32.57%
Market Cap
$7.31B
Gross Margin
75.84%
TTM Avg
75.10%
3Y Avg
75.20%
5Y Avg
74.87%
Market Cap
$8.44B
Gross Margin
22.60%
TTM Avg
47.65%
3Y Avg
60.43%
5Y Avg
64.59%
Market Cap
$8.67B
Gross Margin
68.02%
TTM Avg
69.56%
3Y Avg
69.63%
5Y Avg
70.15%
Market Cap
$9.08B
Gross Margin
87.73%
TTM Avg
87.80%
3Y Avg
87.76%
5Y Avg
87.69%
| NAME | MARKET CAP | GROSS MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Apple Hospitality REIT, Inc. (APLE) | $3.82B | 75.84% | 38.23% | 35.47% | 35.85% |
| Opendoor Technologies Inc. (OPEN)vs › | $3.36B | 8.30% | 7.68% | 6.66% | 7.38% |
| Sunstone Hotel Investors, Inc. (SHO)vs › | $2.06B | 4.75% | 25.66% | 37.19% | 32.57% |
| Terreno Realty Corporation (TRNO)vs › | $7.31B | 75.84% | 75.10% | 75.20% | 74.87% |
| First Industrial Realty Trust, Inc. (FR)vs › | $8.44B | 22.60% | 47.65% | 60.43% | 64.59% |
| Alexandria Real Estate Equities, Inc. (ARE)vs › | $8.67B | 68.02% | 69.56% | 69.63% | 70.15% |
| NNN REIT, Inc. (NNN)vs › | $8.91B | 38.00% | 67.14% | 81.86% | 86.54% |
| Agree Realty Corporation (ADC)vs › | $9.08B | 87.73% | 87.80% | 87.76% | 87.69% |
| CubeSmart (CUBE)vs › | $9.46B | 22.74% | 46.47% | 58.95% | 62.46% |
| Federal Realty Investment Trust (FRT)vs › | $10.25B | 9.73% | 38.58% | 52.97% | 57.31% |
Gross Margin
75.8%
(Revenue - COGS) / Revenue
Gross Margin = Gross Profit / Revenue
Gross margin is the percentage of revenue remaining after the cost of goods sold, reflecting core product profitability.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
| DATE | GROSS MARGIN |
|---|---|
| 2026-06-30 | 75.84% |
| 2026-03-31 | 2.75% |
| 2025-12-31 | 1.02% |
| 2025-09-30 | 74.87% |
| 2025-06-30 | 36.67% |
| 2025-03-31 | 31.88% |
| 2024-12-31 | 32.48% |
| 2024-09-30 | 36.41% |
| 2024-06-30 | 38.93% |
| 2024-03-31 | 33.76% |
| 2023-12-31 | 33.02% |
| 2023-09-30 | 37.09% |
| 2023-06-30 | 39.02% |
| 2023-03-31 | 34.23% |
| 2022-12-31 | 34.04% |
| 2022-09-30 | 37.82% |
| 2022-06-30 | 40.39% |
| 2022-03-31 | 33.71% |
| 2021-12-31 | 33.71% |
| 2021-09-30 | 37.99% |
| 2021-06-30 | 38.27% |
| 2021-03-31 | 22.23% |
| 2020-12-31 | 17.25% |
| 2020-09-30 | 23.21% |
| 2020-06-30 | 0.69% |
| 2020-03-31 | 26.53% |
| 2019-12-31 | 33.37% |
| 2019-09-30 | 37.54% |
| 2019-06-30 | 39.48% |
| 2019-03-31 | 35.79% |
| 2018-12-31 | 34.26% |
| 2018-09-30 | 37.60% |
| 2018-06-30 | 39.62% |
| 2018-03-31 | 35.52% |
| 2017-12-31 | 34.62% |
| 2017-09-30 | 38.37% |
| 2017-06-30 | 39.50% |
| 2017-03-31 | 35.75% |
| 2016-12-31 | 34.77% |
| 2016-09-30 | 38.24% |
| 2016-06-30 | 40.61% |
| 2016-03-31 | 36.69% |
| 2015-12-31 | 34.66% |
| 2015-09-30 | 39.40% |
| 2015-06-30 | 39.60% |
| 2015-03-31 | 34.92% |
| 2014-12-31 | 34.56% |
| 2014-09-30 | 37.99% |
| 2014-06-30 | 39.06% |
| 2014-03-31 | 37.08% |
| 2013-12-31 | 35.01% |
| 2013-09-30 | 38.14% |
| 2013-06-30 | 40.22% |
| 2013-03-31 | 37.71% |
| 2012-12-31 | 34.46% |
| 2012-09-30 | 37.81% |
| 2012-06-30 | 60.35% |
| 2012-03-31 | 59.36% |
| 2011-12-31 | 56.63% |
| 2011-09-30 | 57.88% |
| 2011-06-30 | 59.60% |
| 2011-03-31 | 58.47% |
| 2010-12-31 | 54.51% |
| 2010-09-30 | 56.39% |
| 2010-06-30 | 49.17% |
| 2010-03-31 | 61.64% |
| 2009-12-31 | 61.51% |
| 2009-09-30 | 62.63% |
| 2009-06-30 | 66.17% |
| 2009-03-31 | 57.75% |
| 2008-12-31 | 102.76% |
| 2008-09-30 | 31.57% |
| 2008-06-30 | 0.00% |
| 2008-03-31 | 0.00% |
