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 27.88% is 47% below its 5-year average of 52.39%, near the low end of its 5-year range (22.92%–99.50%).
As of the fiscal period ended Tuesday, June 30, 2026. 1.75% below its 12-month average of 28.38%.
Reported quarterly operating margin; no daily interpolation.
OPERATING MARGIN
27.88%
OPERATING MARGIN AVG TTM
28.38%
OPERATING MARGIN AVG 3Y
48.70%
OPERATING MARGIN AVG 5Y
52.39%
OPERATING MARGIN AVG 10Y
46.10%
OPERATING MARGIN AVG 15Y
41.23%
OPERATING MARGIN AVG 20Y
37.22%
CURRENT VS TTM AVG
-1.75%
CURRENT VS 3Y AVG
-42.75%
CURRENT VS 5Y AVG
-46.78%
CURRENT VS 10Y AVG
-39.53%
CURRENT VS 15Y AVG
-32.38%
CURRENT VS 20Y AVG
-25.09%
SECTOR MEDIAN · REAL ESTATE
29.30%
median of 40 covered companies
CURRENT VS SECTOR MEDIAN
-4.86%
vs the sector median at left
Equity Residential
Market Cap
$25.15B
Operating Margin
27.88%
TTM Avg
28.38%
3Y Avg
48.70%
5Y Avg
52.39%
Market Cap
$26.78B
Operating Margin
28.45%
TTM Avg
30.75%
3Y Avg
30.95%
5Y Avg
30.23%
Market Cap
$29.44B
Operating Margin
89.26%
TTM Avg
91.57%
3Y Avg
84.63%
5Y Avg
84.79%
Market Cap
$19.52B
Operating Margin
47.96%
TTM Avg
51.13%
3Y Avg
42.86%
5Y Avg
39.29%
Market Cap
$31.59B
Operating Margin
43.37%
TTM Avg
41.87%
3Y Avg
45.48%
5Y Avg
48.48%
Market Cap
$18.51B
Operating Margin
43.88%
TTM Avg
41.75%
3Y Avg
38.88%
5Y Avg
37.53%
Market Cap
$18.44B
Operating Margin
8.38%
TTM Avg
8.18%
3Y Avg
15.51%
5Y Avg
20.07%
Market Cap
$18.04B
Operating Margin
30.16%
TTM Avg
27.73%
3Y Avg
28.33%
5Y Avg
27.77%
Market Cap
$33.03B
Operating Margin
47.74%
TTM Avg
2.01%
3Y Avg
18.16%
5Y Avg
22.69%
| NAME | MARKET CAP | OPERATING MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Equity Residential (EQR) | $25.15B | 27.88% | 28.38% | 48.70% | 52.39% |
| AvalonBay Communities, Inc. (AVB)vs › | $26.78B | 28.45% | 30.75% | 30.95% | 30.23% |
| VICI Properties Inc. (VICI)vs › | $29.44B | 89.26% | 91.57% | 84.63% | 84.79% |
| SBA Communications Corporation (SBAC)vs › | $19.52B | 47.96% | 51.13% | 42.86% | 39.29% |
| Extra Space Storage Inc. (EXR)vs › | $31.59B | 43.37% | 41.87% | 45.48% | 48.48% |
| Essex Property Trust, Inc. (ESS)vs › | $18.51B | 43.88% | 41.75% | 38.88% | 37.53% |
| Weyerhaeuser Company (WY)vs › | $18.44B | 8.38% | 8.18% | 15.51% | 20.07% |
| Invitation Homes Inc. (INVH)vs › | $18.04B | 30.16% | 27.73% | 28.33% | 27.77% |
| Crown Castle Inc. (CCI)vs › | $33.03B | 47.74% | 2.01% | 18.16% | 22.69% |
| Kimco Realty Corporation (KIM)vs › | $16.50B | 35.80% | 33.02% | 33.65% | 32.85% |
Gross Margin
46.0%
Operating Margin
27.9%
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 | 27.88% |
| 2026-03-31 | 27.40% |
| 2025-12-31 | 28.25% |
| 2025-09-30 | 28.95% |
| 2025-06-30 | 29.40% |
| 2025-03-31 | 59.28% |
| 2024-12-31 | 62.16% |
| 2024-09-30 | 61.63% |
| 2024-06-30 | 61.29% |
| 2024-03-31 | 59.67% |
| 2023-12-31 | 63.75% |
| 2023-09-30 | 62.13% |
| 2023-06-30 | 61.33% |
| 2023-03-31 | 58.60% |
| 2022-12-31 | 34.64% |
| 2022-09-30 | 59.56% |
| 2022-06-30 | 45.11% |
| 2022-03-31 | 22.92% |
| 2021-12-31 | 99.50% |
| 2021-09-30 | 83.69% |
| 2021-06-30 | 63.01% |
| 2021-03-31 | 22.68% |
| 2020-12-31 | 58.13% |
| 2020-09-30 | 29.31% |
| 2020-06-30 | 54.61% |
| 2020-03-31 | 61.86% |
| 2019-12-31 | 59.79% |
| 2019-09-30 | 53.76% |
| 2019-06-30 | 55.14% |
| 2019-03-31 | 31.69% |
| 2018-12-31 | 33.59% |
| 2018-09-30 | 51.99% |
| 2018-06-30 | 34.01% |
| 2018-03-31 | 53.57% |
| 2017-12-31 | 34.05% |
| 2017-09-30 | 34.89% |
| 2017-06-30 | 34.38% |
| 2017-03-31 | 33.83% |
| 2016-12-31 | 37.01% |
| 2016-09-30 | 34.55% |
| 2016-06-30 | 34.62% |
| 2016-03-31 | 34.99% |
| 2015-12-31 | 40.82% |
| 2015-09-30 | 37.00% |
| 2015-06-30 | 36.26% |
| 2015-03-31 | 32.76% |
| 2014-12-31 | 37.69% |
| 2014-09-30 | 36.63% |
| 2014-06-30 | 34.99% |
| 2014-03-31 | 31.46% |
| 2013-12-31 | 35.00% |
| 2013-09-30 | 19.21% |
| 2013-06-30 | 10.37% |
| 2013-03-31 | 20.65% |
| 2012-12-31 | 32.76% |
| 2012-09-30 | 31.64% |
| 2012-06-30 | 23.64% |
| 2012-03-31 | 41.37% |
| 2011-12-31 | 31.07% |
| 2011-09-30 | 28.29% |
| 2011-06-30 | 32.96% |
| 2011-03-31 | 25.95% |
| 2010-12-31 | 15.40% |
| 2010-09-30 | 23.19% |
| 2010-06-30 | 23.79% |
| 2010-03-31 | 22.24% |
| 2009-12-31 | 27.70% |
| 2009-09-30 | 28.03% |
| 2009-06-30 | 26.93% |
| 2009-03-31 | 25.70% |
| 2008-12-31 | 5.83% |
| 2008-09-30 | 29.08% |
| 2008-06-30 | 30.97% |
| 2008-03-31 | 29.22% |
| 2007-12-31 | 26.48% |
| 2007-09-30 | 29.13% |
| 2007-06-30 | 30.20% |
| 2007-03-31 | 28.44% |
| 2006-12-31 | 19.42% |
| 2006-09-30 | 27.40% |
| 2006-06-30 | 28.52% |
| 2006-03-31 | 27.26% |
| 2005-12-31 | 23.84% |
| 2005-09-30 | 25.75% |
| 2005-06-30 | 28.47% |
| 2005-03-31 | 26.81% |
| 2004-12-31 | 27.36% |
| 2004-09-30 | 25.30% |
| 2004-06-30 | 28.81% |
| 2004-03-31 | 30.11% |
| 2003-12-31 | 25.31% |
| 2003-09-30 | 31.21% |
| 2003-06-30 | 14.81% |
| 2003-03-31 | 88.81% |
| 2002-12-31 | 259.66% |
| 2002-09-30 | 31.40% |
