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 70.86% is in line with its 5-year average of 75.10%, near the high end of its 5-year range (14.44%–86.52%).
As of the fiscal period ended Tuesday, March 31, 2026. 2.36% above its 12-month average of 69.23%.
Reported quarterly gross margin; no daily interpolation.
GROSS MARGIN
70.86%
GROSS MARGIN AVG TTM
69.23%
GROSS MARGIN AVG 3Y
68.96%
GROSS MARGIN AVG 5Y
78.13%
GROSS MARGIN AVG 10Y
80.33%
GROSS MARGIN AVG 15Y
76.02%
GROSS MARGIN AVG 20Y
75.43%
CURRENT VS TTM AVG
+2.36%
CURRENT VS 3Y AVG
+2.75%
CURRENT VS 5Y AVG
-9.31%
CURRENT VS 10Y AVG
-11.79%
CURRENT VS 15Y AVG
-6.79%
CURRENT VS 20Y AVG
-6.05%
SECTOR MEDIAN · REAL ESTATE
40.59%
median of 40 covered companies
CURRENT VS SECTOR MEDIAN
+74.55%
vs the sector median at left
Essex Property Trust, Inc.
Market Cap
$18.93B
Gross Margin
70.86%
TTM Avg
69.23%
3Y Avg
68.96%
5Y Avg
78.13%
Market Cap
$18.55B
Gross Margin
41.61%
TTM Avg
59.46%
3Y Avg
67.28%
5Y Avg
70.11%
Market Cap
$17.85B
Gross Margin
3.69%
TTM Avg
31.36%
3Y Avg
45.88%
5Y Avg
50.67%
Market Cap
$17.74B
Gross Margin
13.41%
TTM Avg
12.95%
3Y Avg
20.84%
5Y Avg
25.20%
Market Cap
$17.70B
Gross Margin
54.71%
TTM Avg
61.68%
3Y Avg
65.35%
5Y Avg
66.39%
Market Cap
$17.44B
Gross Margin
2.62%
TTM Avg
27.99%
3Y Avg
41.22%
5Y Avg
41.10%
Market Cap
$15.79B
Gross Margin
39.58%
TTM Avg
32.19%
3Y Avg
33.30%
5Y Avg
31.77%
Market Cap
$15.73B
Gross Margin
22.48%
TTM Avg
41.34%
3Y Avg
49.86%
5Y Avg
51.85%
Market Cap
$15.29B
Gross Margin
9.26%
TTM Avg
28.04%
3Y Avg
37.83%
5Y Avg
42.97%
| NAME | MARKET CAP | GROSS MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Essex Property Trust, Inc. (ESS) | $18.93B | 70.86% | 69.23% | 68.96% | 78.13% |
| SBA Communications Corporation (SBAC)vs › | $18.55B | 41.61% | 59.46% | 67.28% | 70.11% |
| Invitation Homes Inc. (INVH)vs › | $17.85B | 3.69% | 31.36% | 45.88% | 50.67% |
| Weyerhaeuser Company (WY)vs › | $17.74B | 13.41% | 12.95% | 20.84% | 25.20% |
| Kimco Realty Corporation (KIM)vs › | $17.70B | 54.71% | 61.68% | 65.35% | 66.39% |
| Host Hotels & Resorts, Inc. (HST)vs › | $17.44B | 2.62% | 27.99% | 41.22% | 41.10% |
| Mid-America Apartment Communities, Inc. (MAA)vs › | $15.79B | 39.58% | 32.19% | 33.30% | 31.77% |
| Healthpeak Properties, Inc. (DOC)vs › | $15.73B | 22.48% | 41.34% | 49.86% | 51.85% |
| Sun Communities, Inc. (SUI)vs › | $15.29B | 9.26% | 28.04% | 37.83% | 42.97% |
| Regency Centers Corporation (REG)vs › | $14.78B | 47.88% | 57.92% | 64.95% | 67.13% |
Gross Margin
70.9%
(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 |
|---|---|
| 2026-03-31 | 70.86% |
| 2025-12-31 | 68.56% |
| 2025-09-30 | 69.69% |
| 2025-06-30 | 68.62% |
| 2025-03-31 | 68.41% |
| 2024-12-31 | 14.44% |
| 2024-09-30 | 68.34% |
| 2024-06-30 | 68.95% |
| 2024-03-31 | 68.66% |
| 2023-12-31 | 86.13% |
| 2023-09-30 | 86.07% |
| 2023-06-30 | 68.59% |
| 2023-03-31 | 85.95% |
| 2022-12-31 | 86.39% |
| 2022-09-30 | 86.14% |
| 2022-06-30 | 86.52% |
| 2022-03-31 | 84.97% |
| 2021-12-31 | 85.46% |
| 2021-09-30 | 84.88% |
| 2021-06-30 | 84.80% |
| 2021-03-31 | 84.70% |
| 2020-12-31 | 85.31% |
| 2020-09-30 | 85.71% |
| 2020-06-30 | 85.52% |
| 2020-03-31 | 86.81% |
| 2019-12-31 | 87.09% |
| 2019-09-30 | 86.96% |
| 2019-06-30 | 87.62% |
| 2019-03-31 | 86.57% |
| 2018-12-31 | 86.72% |
| 2018-09-30 | 86.77% |
| 2018-06-30 | 87.44% |
| 2018-03-31 | 86.90% |
| 2017-12-31 | 69.97% |
| 2017-09-30 | 86.90% |
| 2017-06-30 | 87.49% |
| 2017-03-31 | 87.07% |
| 2016-12-31 | 69.91% |
| 2016-09-30 | 69.81% |
| 2016-06-30 | 70.12% |
| 2016-03-31 | 69.93% |
| 2015-12-31 | 70.35% |
| 2015-09-30 | 69.10% |
| 2015-06-30 | 69.59% |
| 2015-03-31 | 69.18% |
| 2014-12-31 | 68.41% |
| 2014-09-30 | 67.49% |
| 2014-06-30 | 67.84% |
| 2014-03-31 | 67.51% |
| 2013-12-31 | 66.72% |
| 2013-09-30 | 67.31% |
| 2013-06-30 | 67.98% |
| 2013-03-31 | 67.55% |
| 2012-12-31 | 63.60% |
| 2012-09-30 | 66.05% |
| 2012-06-30 | 66.79% |
| 2012-03-31 | 67.32% |
| 2011-12-31 | 67.94% |
| 2011-09-30 | 65.72% |
| 2011-06-30 | 65.81% |
| 2011-03-31 | 65.82% |
| 2010-12-31 | 64.82% |
| 2010-09-30 | 63.86% |
| 2010-06-30 | 65.25% |
| 2010-03-31 | 66.20% |
| 2009-12-31 | 63.70% |
| 2009-09-30 | 64.49% |
| 2009-06-30 | 67.35% |
| 2009-03-31 | 68.49% |
| 2008-12-31 | 67.53% |
| 2008-09-30 | 67.06% |
| 2008-06-30 | 67.54% |
| 2008-03-31 | 68.24% |
| 2007-12-31 | 100.00% |
| 2007-09-30 | 67.66% |
| 2007-06-30 | 67.69% |
| 2007-03-31 | 67.37% |
| 2006-12-31 | 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% |
| 2002-06-30 | 100.00% |
| 2002-03-31 | 100.00% |
