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 50.28% is 25% below its 5-year average of 66.60%, near the high end of its 5-year range (-60.83%–85.17%).
As of the fiscal period ended Tuesday, June 30, 2026. 47.87% above its 12-month average of 34.00%.
Reported quarterly gross margin; no daily interpolation.
GROSS MARGIN
50.28%
GROSS MARGIN AVG TTM
34.00%
GROSS MARGIN AVG 3Y
73.22%
GROSS MARGIN AVG 5Y
75.10%
GROSS MARGIN AVG 10Y
74.71%
GROSS MARGIN AVG 15Y
73.23%
GROSS MARGIN AVG 20Y
72.09%
CURRENT VS TTM AVG
+47.87%
CURRENT VS 3Y AVG
-31.33%
CURRENT VS 5Y AVG
-33.05%
CURRENT VS 10Y AVG
-32.70%
CURRENT VS 15Y AVG
-31.34%
CURRENT VS 20Y AVG
-30.26%
SECTOR MEDIAN · REAL ESTATE
40.22%
median of 40 covered companies
CURRENT VS SECTOR MEDIAN
+25.02%
vs the sector median at left
Extra Space Storage Inc.
Market Cap
$31.70B
Gross Margin
50.28%
TTM Avg
34.00%
3Y Avg
73.22%
5Y Avg
75.10%
Market Cap
$29.06B
Gross Margin
99.39%
TTM Avg
99.22%
3Y Avg
99.21%
5Y Avg
98.79%
Market Cap
$27.08B
Gross Margin
66.99%
TTM Avg
65.07%
3Y Avg
64.75%
5Y Avg
64.34%
Market Cap
$37.82B
Gross Margin
25.69%
TTM Avg
40.92%
3Y Avg
48.98%
5Y Avg
51.92%
Market Cap
$18.92B
Gross Margin
41.61%
TTM Avg
59.46%
3Y Avg
67.28%
5Y Avg
70.11%
Market Cap
$18.63B
Gross Margin
13.24%
TTM Avg
12.95%
3Y Avg
20.84%
5Y Avg
25.20%
| NAME | MARKET CAP | GROSS MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Extra Space Storage Inc. (EXR) | $31.70B | 50.28% | 34.00% | 73.22% | 75.10% |
| Crown Castle Inc. (CCI)vs › | $32.27B | 63.19% | 68.97% | 70.00% | 69.14% |
| VICI Properties Inc. (VICI)vs › | $29.06B | 99.39% | 99.22% | 99.21% | 98.79% |
| AvalonBay Communities, Inc. (AVB)vs › | $27.08B | 66.99% | 65.07% | 64.75% | 64.34% |
| Iron Mountain Incorporated (IRM)vs › | $37.82B | 25.69% | 40.92% | 48.98% | 51.92% |
| Equity Residential (EQR)vs › | $25.40B | 45.96% | 54.80% | 59.31% | 60.52% |
| CBRE Group, Inc. (CBRE)vs › | $43.77B | 17.66% | 17.30% | 18.95% | 19.71% |
| SBA Communications Corporation (SBAC)vs › | $18.92B | 41.61% | 59.46% | 67.28% | 70.11% |
| Weyerhaeuser Company (WY)vs › | $18.63B | 13.24% | 12.95% | 20.84% | 25.20% |
| Essex Property Trust, Inc. (ESS)vs › | $18.51B | 70.08% | 68.44% | 68.51% | 73.96% |
Gross Margin
50.3%
(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 | 50.28% |
| 2026-03-31 | 70.07% |
| 2025-12-31 | -60.83% |
| 2025-09-30 | 39.54% |
| 2025-06-30 | 70.94% |
| 2025-03-31 | 73.15% |
| 2024-12-31 | 85.17% |
| 2024-09-30 | 73.50% |
| 2024-06-30 | 73.85% |
| 2024-03-31 | 74.66% |
| 2023-12-31 | 82.89% |
| 2023-09-30 | 73.22% |
| 2023-06-30 | 76.34% |
| 2023-03-31 | 75.41% |
| 2022-12-31 | 80.58% |
| 2022-09-30 | 75.42% |
| 2022-06-30 | 76.66% |
| 2022-03-31 | 75.57% |
| 2021-12-31 | 80.84% |
| 2021-09-30 | 76.16% |
| 2021-06-30 | 75.22% |
| 2021-03-31 | 72.79% |
| 2020-12-31 | 81.57% |
| 2020-09-30 | 71.46% |
| 2020-06-30 | 71.14% |
| 2020-03-31 | 71.27% |
| 2019-12-31 | 79.20% |
| 2019-09-30 | 71.69% |
| 2019-06-30 | 73.11% |
| 2019-03-31 | 72.71% |
| 2018-12-31 | 79.76% |
| 2018-09-30 | 73.80% |
| 2018-06-30 | 73.84% |
| 2018-03-31 | 72.89% |
| 2017-12-31 | 79.57% |
| 2017-09-30 | 73.38% |
| 2017-06-30 | 74.59% |
| 2017-03-31 | 73.53% |
| 2016-12-31 | 82.83% |
| 2016-09-30 | 73.79% |
| 2016-06-30 | 73.20% |
| 2016-03-31 | 71.83% |
| 2015-12-31 | 49.35% |
| 2015-09-30 | 73.74% |
| 2015-06-30 | 70.32% |
| 2015-03-31 | 70.97% |
| 2014-12-31 | 69.28% |
| 2014-09-30 | 72.85% |
| 2014-06-30 | 71.64% |
| 2014-03-31 | 68.97% |
| 2013-12-31 | 69.01% |
| 2013-09-30 | 70.94% |
| 2013-06-30 | 71.86% |
| 2013-03-31 | 69.82% |
| 2012-12-31 | 68.88% |
| 2012-09-30 | 69.83% |
| 2012-06-30 | 71.11% |
| 2012-03-31 | 68.74% |
| 2011-12-31 | 71.35% |
| 2011-09-30 | 69.24% |
| 2011-06-30 | 69.13% |
| 2011-03-31 | 66.49% |
| 2010-12-31 | 67.16% |
| 2010-09-30 | 70.36% |
| 2010-06-30 | 69.55% |
| 2010-03-31 | 67.51% |
| 2009-12-31 | 69.59% |
| 2009-09-30 | 67.71% |
| 2009-06-30 | 66.75% |
| 2009-03-31 | 65.16% |
| 2008-12-31 | 67.65% |
| 2008-09-30 | 67.37% |
| 2008-06-30 | 66.98% |
| 2008-03-31 | 98.92% |
| 2007-12-31 | 100.00% |
| 2007-09-30 | 67.09% |
| 2007-06-30 | 63.91% |
| 2007-03-31 | 65.72% |
| 2006-12-31 | 254.76% |
| 2006-09-30 | 65.69% |
| 2006-06-30 | 67.59% |
| 2006-03-31 | 73.02% |
| 2005-12-31 | 236.44% |
| 2005-09-30 | 97.10% |
| 2005-06-30 | 96.66% |
| 2005-03-31 | 98.83% |
| 2004-12-31 | 213.96% |
| 2004-09-30 | 86.04% |
| 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% |
