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 45.09% is in line with its 5-year average of 46.08%, near the low end of its 5-year range (26.98%–98.50%).
As of the fiscal period ended Tuesday, June 30, 2026. 13.71% above its 12-month average of 39.65%.
Reported quarterly operating margin; no daily interpolation.
OPERATING MARGIN
45.09%
OPERATING MARGIN AVG TTM
39.65%
OPERATING MARGIN AVG 3Y
40.50%
OPERATING MARGIN AVG 5Y
40.96%
OPERATING MARGIN AVG 10Y
49.30%
OPERATING MARGIN AVG 15Y
45.98%
OPERATING MARGIN AVG 20Y
31.14%
CURRENT VS TTM AVG
+13.71%
CURRENT VS 3Y AVG
+11.35%
CURRENT VS 5Y AVG
+10.10%
CURRENT VS 10Y AVG
-8.54%
CURRENT VS 15Y AVG
-1.93%
CURRENT VS 20Y AVG
+44.78%
SECTOR MEDIAN · REAL ESTATE
29.71%
median of 40 covered companies
CURRENT VS SECTOR MEDIAN
+51.75%
vs the sector median at left
First Industrial Realty Trust, Inc.
Market Cap
$8.51B
Operating Margin
45.09%
TTM Avg
39.65%
3Y Avg
40.50%
5Y Avg
40.96%
Market Cap
$8.73B
Operating Margin
-33.94%
TTM Avg
-7.62%
3Y Avg
8.22%
5Y Avg
20.35%
Market Cap
$9.14B
Operating Margin
47.92%
TTM Avg
48.18%
3Y Avg
48.61%
5Y Avg
50.68%
Market Cap
$7.38B
Operating Margin
40.39%
TTM Avg
39.54%
3Y Avg
40.06%
5Y Avg
43.51%
Market Cap
$10.52B
Operating Margin
36.03%
TTM Avg
37.61%
3Y Avg
40.03%
5Y Avg
39.38%
Market Cap
$11.25B
Operating Margin
18.44%
TTM Avg
18.80%
3Y Avg
19.25%
5Y Avg
19.49%
| NAME | MARKET CAP | OPERATING MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| First Industrial Realty Trust, Inc. (FR) | $8.51B | 45.09% | 39.65% | 40.50% | 40.96% |
| Alexandria Real Estate Equities, Inc. (ARE)vs › | $8.73B | -33.94% | -7.62% | 8.22% | 20.35% |
| NNN REIT, Inc. (NNN)vs › | $9.01B | 62.14% | 64.00% | 64.37% | 62.66% |
| Agree Realty Corporation (ADC)vs › | $9.14B | 47.92% | 48.18% | 48.61% | 50.68% |
| CubeSmart (CUBE)vs › | $9.50B | 39.51% | 42.64% | 41.85% | 43.95% |
| Terreno Realty Corporation (TRNO)vs › | $7.38B | 40.39% | 39.54% | 40.06% | 43.51% |
| Federal Realty Investment Trust (FRT)vs › | $10.52B | 36.03% | 37.61% | 40.03% | 39.38% |
| BXP, Inc. (BXP)vs › | $11.17B | 55.71% | 42.85% | 37.89% | 36.34% |
| Camden Property Trust (CPT)vs › | $11.25B | 18.44% | 18.80% | 19.25% | 19.49% |
| CoStar Group, Inc. (CSGP)vs › | $12.24B | 2.18% | -1.03% | 7.53% | 11.63% |
Gross Margin
22.6%
Operating Margin
45.1%
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 | 45.09% |
| 2026-03-31 | 34.98% |
| 2025-12-31 | 41.99% |
| 2025-09-30 | 44.51% |
| 2025-06-30 | 31.71% |
| 2025-03-31 | 31.20% |
| 2024-12-31 | 40.20% |
| 2024-09-30 | 62.37% |
| 2024-06-30 | 31.57% |
| 2024-03-31 | 42.97% |
| 2023-12-31 | 57.24% |
| 2023-09-30 | 48.53% |
| 2023-06-30 | 35.97% |
| 2023-03-31 | 26.98% |
| 2022-12-31 | 59.62% |
| 2022-09-30 | 90.96% |
| 2022-06-30 | 30.51% |
| 2022-03-31 | 29.53% |
| 2021-12-31 | 98.50% |
| 2021-09-30 | 36.50% |
| 2021-06-30 | 46.71% |
| 2021-03-31 | 54.65% |
| 2020-12-31 | 74.25% |
| 2020-09-30 | 31.74% |
| 2020-06-30 | 33.61% |
| 2020-03-31 | 37.60% |
| 2019-12-31 | 65.65% |
| 2019-09-30 | 66.82% |
| 2019-06-30 | 27.08% |
| 2019-03-31 | 22.71% |
| 2018-12-31 | -110.00% |
| 2018-09-30 | 31.41% |
| 2018-06-30 | 47.07% |
| 2018-03-31 | 63.66% |
| 2017-12-31 | 64.33% |
| 2017-09-30 | 64.81% |
| 2017-06-30 | 65.48% |
| 2017-03-31 | 62.50% |
| 2016-12-31 | 62.94% |
| 2016-09-30 | 64.04% |
| 2016-06-30 | 64.02% |
| 2016-03-31 | 61.37% |
| 2015-12-31 | 60.98% |
| 2015-09-30 | 63.12% |
| 2015-06-30 | 62.09% |
| 2015-03-31 | 59.18% |
| 2014-12-31 | 59.78% |
| 2014-09-30 | 62.19% |
| 2014-06-30 | 59.78% |
| 2014-03-31 | 58.69% |
| 2013-12-31 | 59.45% |
| 2013-09-30 | 61.83% |
| 2013-06-30 | 26.73% |
| 2013-03-31 | 26.31% |
| 2012-12-31 | 23.86% |
| 2012-09-30 | 25.62% |
| 2012-06-30 | 24.46% |
| 2012-03-31 | -5.81% |
| 2011-12-31 | 20.41% |
| 2011-09-30 | -14.54% |
| 2011-06-30 | -8.91% |
| 2011-03-31 | -19.19% |
| 2010-12-31 | -485.92% |
| 2010-09-30 | -193.51% |
| 2010-06-30 | -21.25% |
| 2010-03-31 | -26.45% |
| 2009-12-31 | 14.77% |
| 2009-09-30 | 13.89% |
| 2009-06-30 | -7.69% |
| 2009-03-31 | -15.70% |
| 2008-12-31 | -85.43% |
| 2008-09-30 | 5483.81% |
| 2008-06-30 | -14.21% |
| 2008-03-31 | -7.38% |
| 2007-12-31 | -72.92% |
| 2007-09-30 | -10.39% |
| 2007-06-30 | -5.68% |
| 2007-03-31 | -7.74% |
| 2006-12-31 | -72.73% |
| 2006-09-30 | -12.73% |
| 2006-06-30 | -9.61% |
| 2006-03-31 | -13.54% |
| 2005-12-31 | -54.87% |
| 2005-09-30 | -6.77% |
| 2005-06-30 | -9.85% |
| 2005-03-31 | -5.97% |
| 2004-12-31 | -52.76% |
| 2004-09-30 | 31.16% |
| 2004-06-30 | 0.39% |
| 2004-03-31 | 3.88% |
| 2003-12-31 | 28.83% |
| 2003-09-30 | 7.25% |
| 2003-06-30 | 10.71% |
| 2003-03-31 | 36.34% |
| 2002-12-31 | 39.82% |
| 2002-09-30 | 43.32% |
