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 32.01% is 16% below its 5-year average of 38.03%, near the low end of its 5-year range (26.61%–67.00%).
As of the fiscal period ended Tuesday, March 31, 2026. 22.95% below its 12-month average of 41.55%.
Reported quarterly operating margin; no daily interpolation.
OPERATING MARGIN
32.01%
OPERATING MARGIN AVG TTM
41.55%
OPERATING MARGIN AVG 3Y
38.77%
OPERATING MARGIN AVG 5Y
38.03%
OPERATING MARGIN AVG 10Y
31.79%
OPERATING MARGIN AVG 15Y
30.98%
OPERATING MARGIN AVG 20Y
30.41%
CURRENT VS TTM AVG
-22.95%
CURRENT VS 3Y AVG
-17.42%
CURRENT VS 5Y AVG
-15.83%
CURRENT VS 10Y AVG
+0.71%
CURRENT VS 15Y AVG
+3.35%
CURRENT VS 20Y AVG
+5.28%
SECTOR MEDIAN · REAL ESTATE
30.22%
median of 40 covered companies
CURRENT VS SECTOR MEDIAN
+5.94%
vs the sector median at left
Essex Property Trust, Inc.
Market Cap
$18.93B
Operating Margin
32.01%
TTM Avg
41.55%
3Y Avg
38.77%
5Y Avg
38.03%
Market Cap
$18.55B
Operating Margin
47.63%
TTM Avg
51.13%
3Y Avg
42.86%
5Y Avg
39.29%
Market Cap
$17.85B
Operating Margin
31.17%
TTM Avg
27.73%
3Y Avg
28.33%
5Y Avg
27.77%
Market Cap
$17.74B
Operating Margin
7.70%
TTM Avg
8.18%
3Y Avg
15.51%
5Y Avg
20.07%
Market Cap
$17.70B
Operating Margin
36.08%
TTM Avg
33.02%
3Y Avg
33.65%
5Y Avg
32.85%
Market Cap
$17.44B
Operating Margin
14.31%
TTM Avg
14.49%
3Y Avg
15.09%
5Y Avg
-1.19%
Market Cap
$15.79B
Operating Margin
27.43%
TTM Avg
29.00%
3Y Avg
30.30%
5Y Avg
28.80%
Market Cap
$15.73B
Operating Margin
18.31%
TTM Avg
18.37%
3Y Avg
18.48%
5Y Avg
17.49%
Market Cap
$15.29B
Operating Margin
20.94%
TTM Avg
18.62%
3Y Avg
18.46%
5Y Avg
23.55%
| NAME | MARKET CAP | OPERATING MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Essex Property Trust, Inc. (ESS) | $18.93B | 32.01% | 41.55% | 38.77% | 38.03% |
| SBA Communications Corporation (SBAC)vs › | $18.55B | 47.63% | 51.13% | 42.86% | 39.29% |
| Invitation Homes Inc. (INVH)vs › | $17.85B | 31.17% | 27.73% | 28.33% | 27.77% |
| Weyerhaeuser Company (WY)vs › | $17.74B | 7.70% | 8.18% | 15.51% | 20.07% |
| Kimco Realty Corporation (KIM)vs › | $17.70B | 36.08% | 33.02% | 33.65% | 32.85% |
| Host Hotels & Resorts, Inc. (HST)vs › | $17.44B | 14.31% | 14.49% | 15.09% | -1.19% |
| Mid-America Apartment Communities, Inc. (MAA)vs › | $15.79B | 27.43% | 29.00% | 30.30% | 28.80% |
| Healthpeak Properties, Inc. (DOC)vs › | $15.73B | 18.31% | 18.37% | 18.48% | 17.49% |
| Sun Communities, Inc. (SUI)vs › | $15.29B | 20.94% | 18.62% | 18.46% | 23.55% |
| Regency Centers Corporation (REG)vs › | $14.78B | 37.03% | 50.73% | 58.00% | 60.23% |
Gross Margin
69.4%
Operating Margin
32.0%
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 |
|---|---|
| 2026-03-31 | 32.01% |
| 2025-12-31 | 30.34% |
| 2025-09-30 | 32.06% |
| 2025-06-30 | 59.53% |
| 2025-03-31 | 53.81% |
| 2024-12-31 | 67.00% |
| 2024-09-30 | 27.86% |
| 2024-06-30 | 31.07% |
| 2024-03-31 | 30.13% |
| 2023-12-31 | 30.90% |
| 2023-09-30 | 31.44% |
| 2023-06-30 | 32.41% |
| 2023-03-31 | 45.44% |
| 2022-12-31 | 54.95% |
| 2022-09-30 | 31.39% |
| 2022-06-30 | 32.16% |
| 2022-03-31 | 28.76% |
| 2021-12-31 | 27.25% |
| 2021-09-30 | 38.02% |
| 2021-06-30 | 26.61% |
| 2021-03-31 | 55.58% |
| 2020-12-31 | 30.91% |
| 2020-09-30 | 34.77% |
| 2020-06-30 | 32.32% |
| 2020-03-31 | 33.35% |
| 2019-12-31 | 31.12% |
| 2019-09-30 | 33.80% |
| 2019-06-30 | 34.44% |
| 2019-03-31 | 32.48% |
| 2018-12-31 | 30.98% |
| 2018-09-30 | 32.46% |
| 2018-06-30 | 39.72% |
| 2018-03-31 | 31.83% |
| 2017-12-31 | 32.57% |
| 2017-09-30 | 32.72% |
| 2017-06-30 | 33.11% |
| 2017-03-31 | 32.57% |
| 2016-12-31 | 32.07% |
| 2016-09-30 | 33.24% |
| 2016-06-30 | 32.92% |
| 2016-03-31 | 31.83% |
| 2015-12-31 | 29.67% |
| 2015-09-30 | 27.14% |
| 2015-06-30 | 27.34% |
| 2015-03-31 | 26.63% |
| 2014-12-31 | 23.17% |
| 2014-09-30 | 24.05% |
| 2014-06-30 | 14.76% |
| 2014-03-31 | 21.47% |
| 2013-12-31 | 28.28% |
| 2013-09-30 | 31.76% |
| 2013-06-30 | 31.89% |
| 2013-03-31 | 31.46% |
| 2012-12-31 | 31.15% |
| 2012-09-30 | 31.04% |
| 2012-06-30 | 30.91% |
| 2012-03-31 | 31.25% |
| 2011-12-31 | 30.80% |
| 2011-09-30 | 28.79% |
| 2011-06-30 | 28.24% |
| 2011-03-31 | 27.71% |
| 2010-12-31 | 23.59% |
| 2010-09-30 | 26.17% |
| 2010-06-30 | 27.94% |
| 2010-03-31 | 30.52% |
| 2009-12-31 | 5.37% |
| 2009-09-30 | 18.24% |
| 2009-06-30 | 33.82% |
| 2009-03-31 | 10.31% |
| 2008-12-31 | 12.66% |
| 2008-09-30 | 13.45% |
| 2008-06-30 | 13.54% |
| 2008-03-31 | 13.68% |
| 2007-12-31 | 4.90% |
| 2007-09-30 | 14.96% |
| 2007-06-30 | 13.47% |
| 2007-03-31 | 16.45% |
| 2006-12-31 | 15.77% |
| 2006-06-30 | 13.05% |
| 2006-03-31 | 11.96% |
| 2005-12-31 | 32.02% |
| 2005-09-30 | 11.81% |
| 2005-06-30 | 33.03% |
| 2005-03-31 | 39.23% |
| 2004-12-31 | 34.78% |
| 2004-09-30 | 41.58% |
| 2004-06-30 | 36.22% |
| 2004-03-31 | 34.58% |
| 2003-12-31 | 40.23% |
| 2003-09-30 | 40.07% |
| 2003-06-30 | 48.95% |
| 2003-03-31 | 44.75% |
| 2002-12-31 | 47.85% |
| 2002-09-30 | 51.64% |
| 2002-06-30 | 21.30% |
| 2002-03-31 | 53.15% |
