Basis: Latest reported fiscal quarter. Source: stored company filings and market data; unavailable inputs remain N/A.
Is the operating margin high or low?
The operating margin of 3.25% is 23% below its 5-year average of 4.23%, around the middle of its 5-year range (0.50%–6.93%).
As of the fiscal period ended Tuesday, June 30, 2026. 12.14% below its 12-month average of 3.70%.
Reported quarterly operating margin; no daily interpolation.
OPERATING MARGIN
3.25%
OPERATING MARGIN AVG TTM
3.70%
OPERATING MARGIN AVG 3Y
3.84%
OPERATING MARGIN AVG 5Y
4.23%
OPERATING MARGIN AVG 10Y
4.68%
OPERATING MARGIN AVG 15Y
5.78%
OPERATING MARGIN AVG 20Y
6.65%
CURRENT VS TTM AVG
-12.14%
CURRENT VS 3Y AVG
-15.29%
CURRENT VS 5Y AVG
-23.08%
CURRENT VS 10Y AVG
-30.53%
CURRENT VS 15Y AVG
-43.79%
CURRENT VS 20Y AVG
-51.07%
SECTOR MEDIAN · REAL ESTATE
29.30%
median of 40 covered companies
CURRENT VS SECTOR MEDIAN
-88.91%
vs the sector median at left
Market Cap
$37.26B
Operating Margin
18.76%
TTM Avg
18.39%
3Y Avg
18.54%
5Y Avg
19.29%
Market Cap
$32.73B
Operating Margin
47.74%
TTM Avg
2.01%
3Y Avg
18.16%
5Y Avg
22.69%
Market Cap
$31.37B
Operating Margin
43.37%
TTM Avg
41.87%
3Y Avg
45.48%
5Y Avg
48.48%
Market Cap
$29.00B
Operating Margin
89.26%
TTM Avg
91.57%
3Y Avg
84.63%
5Y Avg
84.79%
Market Cap
$58.84B
Operating Margin
28.30%
TTM Avg
36.16%
3Y Avg
38.42%
5Y Avg
41.26%
Market Cap
$26.41B
Operating Margin
28.45%
TTM Avg
30.75%
3Y Avg
30.95%
5Y Avg
30.23%
Market Cap
$61.03B
Operating Margin
48.30%
TTM Avg
46.80%
3Y Avg
49.20%
5Y Avg
49.19%
| NAME | MARKET CAP | OPERATING MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| CBRE Group, Inc. (CBRE) | $43.07B | 3.25% | 3.70% | 3.84% | 4.23% |
| Ventas, Inc. (VTR)vs › | $43.89B | 12.94% | 14.00% | 12.24% | 12.59% |
| Iron Mountain Incorporated (IRM)vs › | $37.26B | 18.76% | 18.39% | 18.54% | 19.29% |
| Crown Castle Inc. (CCI)vs › | $32.73B | 47.74% | 2.01% | 18.16% | 22.69% |
| Extra Space Storage Inc. (EXR)vs › | $31.37B | 43.37% | 41.87% | 45.48% | 48.48% |
| VICI Properties Inc. (VICI)vs › | $29.00B | 89.26% | 91.57% | 84.63% | 84.79% |
| Realty Income Corporation (O)vs › | $58.84B | 28.30% | 36.16% | 38.42% | 41.26% |
| AvalonBay Communities, Inc. (AVB)vs › | $26.41B | 28.45% | 30.75% | 30.95% | 30.23% |
| Public Storage (PSA)vs › | $61.03B | 48.30% | 46.80% | 49.20% | 49.19% |
| Equity Residential (EQR)vs › | $24.85B | 36.33% | 48.77% | 55.23% | 56.70% |
Gross Margin
17.7%
Operating Margin
3.3%
Operating Margin = Operating Income / Revenue
Operating margin is the percentage of revenue remaining after operating expenses, reflecting operating efficiency.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
| DATE | OPERATING MARGIN |
|---|---|
| 2026-06-30 | 3.25% |
| 2026-03-31 | 4.85% |
| 2025-12-31 | 1.87% |
| 2025-09-30 | 4.69% |
| 2025-06-30 | 3.83% |
| 2025-03-31 | 3.10% |
| 2024-12-31 | 5.71% |
| 2024-09-30 | 4.07% |
| 2024-06-30 | 2.93% |
| 2024-03-31 | 2.57% |
| 2023-12-31 | 5.63% |
| 2023-09-30 | 3.42% |
| 2023-06-30 | 3.96% |
| 2023-03-31 | 0.50% |
| 2022-12-31 | 2.97% |
| 2022-09-30 | 4.97% |
| 2022-06-30 | 6.65% |
| 2022-03-31 | 5.14% |
| 2021-12-31 | 6.93% |
| 2021-09-30 | 6.03% |
| 2021-06-30 | 5.67% |
| 2021-03-31 | 4.53% |
| 2020-12-31 | 6.42% |
| 2020-09-30 | 3.74% |
| 2020-06-30 | 1.75% |
| 2020-03-31 | 3.74% |
| 2019-12-31 | 7.22% |
| 2019-09-30 | 5.34% |
| 2019-06-30 | 4.98% |
| 2019-03-31 | 2.82% |
| 2018-12-31 | 7.30% |
| 2018-09-30 | 3.61% |
| 2018-06-30 | 4.41% |
| 2018-03-31 | 4.57% |
| 2017-12-31 | 7.39% |
| 2017-09-30 | 5.15% |
| 2017-06-30 | 5.14% |
| 2017-03-31 | 5.07% |
| 2016-12-31 | 9.23% |
| 2016-09-30 | 5.40% |
| 2016-06-30 | 5.69% |
| 2016-03-31 | 3.78% |
| 2015-12-31 | 5.59% |
| 2015-09-30 | 8.85% |
| 2015-06-30 | 9.57% |
| 2015-03-31 | 7.80% |
| 2014-12-31 | 10.36% |
| 2014-09-30 | 8.14% |
| 2014-06-30 | 9.69% |
| 2014-03-31 | 6.04% |
| 2013-12-31 | 7.57% |
| 2013-09-30 | 9.12% |
| 2013-06-30 | 10.34% |
| 2013-03-31 | 6.75% |
| 2012-12-31 | 12.60% |
| 2012-09-30 | 9.71% |
| 2012-06-30 | 10.79% |
| 2012-03-31 | 5.63% |
| 2011-12-31 | 6.61% |
| 2011-09-30 | 9.32% |
| 2011-06-30 | 9.15% |
| 2011-03-31 | 6.17% |
| 2010-12-31 | 10.47% |
| 2010-09-30 | 10.31% |
| 2010-06-30 | 8.29% |
| 2010-03-31 | 4.45% |
| 2009-12-31 | 10.83% |
| 2009-09-30 | 5.57% |
| 2009-06-30 | 4.07% |
| 2009-03-31 | 0.62% |
| 2008-12-31 | -82.21% |
| 2008-09-30 | 8.34% |
| 2008-06-30 | 6.68% |
| 2008-03-31 | 5.71% |
| 2007-12-31 | 10.45% |
| 2007-09-30 | 14.42% |
| 2007-06-30 | 13.33% |
| 2007-03-31 | 7.67% |
| 2006-12-31 | 13.89% |
| 2006-09-30 | 15.36% |
| 2006-06-30 | 15.29% |
| 2006-03-31 | 8.76% |
| 2005-12-31 | 16.63% |
| 2005-09-30 | 12.88% |
| 2005-06-30 | 12.04% |
| 2005-03-31 | 6.80% |
| 2004-12-31 | 13.81% |
| 2004-09-30 | 7.77% |
| 2004-06-30 | 4.60% |
| 2004-03-31 | -2.10% |
| 2003-12-31 | 3.91% |
| 2003-09-30 | -4.81% |
| 2003-06-30 | 7.89% |
| 2003-03-31 | 4.11% |
| 2002-12-31 | 13.86% |
| 2002-09-30 | 7.43% |
