Basis: Trailing twelve months (TTM). Source: stored company filings and market data; unavailable inputs remain N/A.
Is the gross margin high or low?
The gross margin of 66.99% is in line with its 5-year average of 63.80%, near the high end of its 5-year range (3.33%–72.12%).
21.81% above its 12-month average of 55.00%.
Reported quarterly gross margin; no daily interpolation. Q2 FY2026 (2026-06-30): 3.33%.
GROSS MARGIN
66.99%
GROSS MARGIN AVG TTM
55.00%
GROSS MARGIN AVG 3Y
63.86%
GROSS MARGIN AVG 5Y
63.80%
GROSS MARGIN AVG 10Y
65.06%
GROSS MARGIN AVG 15Y
64.90%
GROSS MARGIN AVG 20Y
64.45%
CURRENT VS TTM AVG
+21.81%
CURRENT VS 3Y AVG
+4.89%
CURRENT VS 5Y AVG
+5.00%
CURRENT VS 10Y AVG
+2.97%
CURRENT VS 15Y AVG
+3.22%
CURRENT VS 20Y AVG
+3.94%
SECTOR MEDIAN · REAL ESTATE
38.41%
median of 40 covered companies
CURRENT VS SECTOR MEDIAN
+74.41%
vs the sector median at left
AvalonBay Communities, Inc.
Market Cap
$26.28B
Gross Margin
66.99%
TTM Avg
55.00%
3Y Avg
63.86%
5Y Avg
63.80%
Market Cap
$27.23B
Gross Margin
99.33%
TTM Avg
99.31%
3Y Avg
99.25%
5Y Avg
98.82%
Market Cap
$28.83B
Gross Margin
23.00%
TTM Avg
52.37%
3Y Avg
65.12%
5Y Avg
68.48%
Market Cap
$19.24B
Gross Margin
41.61%
TTM Avg
59.46%
3Y Avg
67.28%
5Y Avg
70.11%
Market Cap
$33.59B
Gross Margin
25.69%
TTM Avg
40.92%
3Y Avg
48.98%
5Y Avg
51.92%
Market Cap
$17.44B
Gross Margin
69.38%
TTM Avg
68.44%
3Y Avg
68.51%
5Y Avg
73.96%
Market Cap
$16.37B
Gross Margin
3.69%
TTM Avg
31.36%
3Y Avg
45.88%
5Y Avg
50.67%
| NAME | MARKET CAP | GROSS MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| AvalonBay Communities, Inc. (AVB) | $26.28B | 66.99% | 55.00% | 63.86% | 63.80% |
| VICI Properties Inc. (VICI)vs › | $27.23B | 99.33% | 99.31% | 99.25% | 98.82% |
| Equity Residential (EQR)vs › | $23.87B | 45.96% | 54.80% | 59.31% | 60.52% |
| Extra Space Storage Inc. (EXR)vs › | $28.83B | 23.00% | 52.37% | 65.12% | 68.48% |
| Crown Castle Inc. (CCI)vs › | $32.28B | 63.19% | 68.97% | 70.00% | 69.14% |
| SBA Communications Corporation (SBAC)vs › | $19.24B | 41.61% | 59.46% | 67.28% | 70.11% |
| Iron Mountain Incorporated (IRM)vs › | $33.59B | 25.69% | 40.92% | 48.98% | 51.92% |
| Essex Property Trust, Inc. (ESS)vs › | $17.44B | 69.38% | 68.44% | 68.51% | 73.96% |
| Invitation Homes Inc. (INVH)vs › | $16.37B | 3.69% | 31.36% | 45.88% | 50.67% |
| Weyerhaeuser Company (WY)vs › | $15.86B | 13.24% | 12.95% | 20.84% | 25.20% |
Gross Margin
67.0%
(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 | 3.33% |
| 2026-03-31 | 67.73% |
| 2025-12-31 | 68.23% |
| 2025-09-30 | 72.12% |
| 2025-06-30 | 63.57% |
| 2025-03-31 | 63.95% |
| 2024-12-31 | 61.97% |
| 2024-09-30 | 62.49% |
| 2024-06-30 | 64.10% |
| 2024-03-31 | 64.13% |
| 2023-12-31 | 64.47% |
| 2023-09-30 | 63.65% |
| 2023-06-30 | 64.56% |
| 2023-03-31 | 64.53% |
| 2022-12-31 | 65.78% |
| 2022-09-30 | 63.82% |
| 2022-06-30 | 64.74% |
| 2022-03-31 | 63.83% |
| 2021-12-31 | 64.90% |
| 2021-09-30 | 61.94% |
| 2021-06-30 | 62.19% |
| 2021-03-31 | 61.99% |
| 2020-12-31 | 61.65% |
| 2020-09-30 | 62.49% |
| 2020-06-30 | 65.63% |
| 2020-03-31 | 66.85% |
| 2019-12-31 | 67.92% |
| 2019-09-30 | 66.34% |
| 2019-06-30 | 66.20% |
| 2019-03-31 | 67.36% |
| 2018-12-31 | 66.68% |
| 2018-09-30 | 66.41% |
| 2018-06-30 | 66.48% |
| 2018-03-31 | 65.91% |
| 2017-12-31 | 67.26% |
| 2017-09-30 | 65.98% |
| 2017-06-30 | 66.02% |
| 2017-03-31 | 66.31% |
| 2016-12-31 | 67.30% |
| 2016-09-30 | 65.69% |
| 2016-06-30 | 66.15% |
| 2016-03-31 | 67.22% |
| 2015-12-31 | 67.09% |
| 2015-09-30 | 65.06% |
| 2015-06-30 | 65.47% |
| 2015-03-31 | 63.84% |
| 2014-12-31 | 65.38% |
| 2014-09-30 | 65.11% |
| 2014-06-30 | 65.32% |
| 2014-03-31 | 64.25% |
| 2013-12-31 | 64.47% |
| 2013-09-30 | 64.27% |
| 2013-06-30 | 65.92% |
| 2013-03-31 | 65.58% |
| 2012-12-31 | 61.48% |
| 2012-09-30 | 64.43% |
| 2012-06-30 | 63.84% |
| 2012-03-31 | 64.15% |
| 2011-12-31 | 63.60% |
| 2011-09-30 | 62.25% |
| 2011-06-30 | 62.98% |
| 2011-03-31 | 61.53% |
| 2010-12-31 | 59.87% |
| 2010-09-30 | 60.19% |
| 2010-06-30 | 59.66% |
| 2010-03-31 | 59.12% |
| 2009-12-31 | 58.16% |
| 2009-09-30 | 59.18% |
| 2009-06-30 | 59.51% |
| 2009-03-31 | 60.11% |
| 2008-12-31 | 32.32% |
| 2008-09-30 | 61.23% |
| 2008-06-30 | 21.02% |
| 2008-03-31 | 70.73% |
| 2007-12-31 | 100.00% |
| 2007-09-30 | 70.17% |
| 2007-06-30 | 100.00% |
| 2007-03-31 | 100.00% |
| 2006-12-31 | 100.00% |
| 2006-09-30 | 100.00% |
| 2006-06-30 | 100.00% |
| 2006-03-31 | 100.00% |
| 2005-12-31 | 100.00% |
| 2005-09-30 | 100.00% |
| 2005-06-30 | 100.00% |
| 2005-03-31 | 100.00% |
| 2004-12-31 | 100.00% |
| 2004-09-30 | 100.00% |
| 2004-06-30 | 100.00% |
| 2004-03-31 | 100.00% |
| 2003-12-31 | 100.00% |
| 2003-09-30 | 100.00% |
| 2003-06-30 | 100.00% |
| 2003-03-31 | 100.00% |
| 2002-12-31 | 100.00% |
| 2002-09-30 | 100.00% |
