Basis: Trailing twelve months (TTM). Source: stored company filings and market data; unavailable inputs remain N/A.
Is the gross margin high or low?
The gross margin of 25.69% is 55% below its 5-year average of 56.51%, near the low end of its 5-year range (25.69%–58.69%).
52.94% below its 12-month average of 54.59%.
Reported quarterly gross margin; no daily interpolation. Q2 FY2026 (2026-06-30): 52.76%.
GROSS MARGIN
25.69%
GROSS MARGIN AVG TTM
54.59%
GROSS MARGIN AVG 3Y
55.96%
GROSS MARGIN AVG 5Y
56.51%
GROSS MARGIN AVG 10Y
56.64%
GROSS MARGIN AVG 15Y
56.92%
GROSS MARGIN AVG 20Y
56.72%
CURRENT VS TTM AVG
-52.94%
CURRENT VS 3Y AVG
-54.09%
CURRENT VS 5Y AVG
-54.54%
CURRENT VS 10Y AVG
-54.65%
CURRENT VS 15Y AVG
-54.86%
CURRENT VS 20Y AVG
-54.71%
SECTOR MEDIAN · REAL ESTATE
38.00%
median of 39 covered companies
CURRENT VS SECTOR MEDIAN
-32.39%
vs the sector median at left
Iron Mountain Incorporated
Market Cap
$33.14B
Gross Margin
25.69%
TTM Avg
54.59%
3Y Avg
55.96%
5Y Avg
56.51%
Market Cap
$28.17B
Gross Margin
23.00%
TTM Avg
52.37%
3Y Avg
65.12%
5Y Avg
68.48%
Market Cap
$25.90B
Gross Margin
99.33%
TTM Avg
99.31%
3Y Avg
99.25%
5Y Avg
98.82%
Market Cap
$17.62B
Gross Margin
41.61%
TTM Avg
59.46%
3Y Avg
67.28%
5Y Avg
70.11%
Market Cap
$17.45B
Gross Margin
69.38%
TTM Avg
68.44%
3Y Avg
68.51%
5Y Avg
73.96%
| NAME | MARKET CAP | GROSS MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Iron Mountain Incorporated (IRM) | $33.14B | 25.69% | 54.59% | 55.96% | 56.51% |
| Crown Castle Inc. (CCI)vs › | $29.65B | 63.19% | 68.97% | 70.00% | 69.14% |
| Extra Space Storage Inc. (EXR)vs › | $28.17B | 23.00% | 52.37% | 65.12% | 68.48% |
| CBRE Group, Inc. (CBRE)vs › | $39.02B | 17.66% | 17.30% | 18.95% | 19.71% |
| VICI Properties Inc. (VICI)vs › | $25.90B | 99.33% | 99.31% | 99.25% | 98.82% |
| Ventas, Inc. (VTR)vs › | $42.12B | -2.58% | 18.35% | 31.12% | 36.46% |
| Equity Residential (EQR)vs › | $23.87B | 45.96% | 54.80% | 59.31% | 60.52% |
| SBA Communications Corporation (SBAC)vs › | $17.62B | 41.61% | 59.46% | 67.28% | 70.11% |
| Essex Property Trust, Inc. (ESS)vs › | $17.45B | 69.38% | 68.44% | 68.51% | 73.96% |
| Invitation Homes Inc. (INVH)vs › | $15.81B | 3.69% | 31.36% | 45.88% | 50.67% |
Gross Margin
25.7%
(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 | 52.76% |
| 2026-03-31 | 54.04% |
| 2025-12-31 | 55.38% |
| 2025-09-30 | 54.85% |
| 2025-06-30 | 55.91% |
| 2025-03-31 | 55.40% |
| 2024-12-31 | 56.43% |
| 2024-09-30 | 56.44% |
| 2024-06-30 | 55.95% |
| 2024-03-31 | 55.77% |
| 2023-12-31 | 57.65% |
| 2023-09-30 | 57.34% |
| 2023-06-30 | 56.36% |
| 2023-03-31 | 56.51% |
| 2022-12-31 | 57.78% |
| 2022-09-30 | 57.57% |
| 2022-06-30 | 56.85% |
| 2022-03-31 | 56.20% |
| 2021-12-31 | 58.69% |
| 2021-09-30 | 57.38% |
| 2021-06-30 | 57.62% |
| 2021-03-31 | 58.24% |
| 2020-12-31 | 57.61% |
| 2020-09-30 | 58.09% |
| 2020-06-30 | 58.60% |
| 2020-03-31 | 56.31% |
| 2019-12-31 | 57.44% |
| 2019-09-30 | 57.51% |
| 2019-06-30 | 56.41% |
| 2019-03-31 | 56.20% |
| 2018-12-31 | 57.29% |
| 2018-09-30 | 57.77% |
| 2018-06-30 | 57.44% |
| 2018-03-31 | 56.96% |
| 2017-12-31 | 57.02% |
| 2017-09-30 | 56.68% |
| 2017-06-30 | 56.38% |
| 2017-03-31 | 54.55% |
| 2016-12-31 | 55.45% |
| 2016-09-30 | 54.41% |
| 2016-06-30 | 55.23% |
| 2016-03-31 | 56.56% |
| 2015-12-31 | 56.88% |
| 2015-09-30 | 57.45% |
| 2015-06-30 | 57.05% |
| 2015-03-31 | 57.07% |
| 2014-12-31 | 56.68% |
| 2014-09-30 | 57.13% |
| 2014-06-30 | 57.18% |
| 2014-03-31 | 56.48% |
| 2013-12-31 | 56.27% |
| 2013-09-30 | 58.89% |
| 2013-06-30 | 57.46% |
| 2013-03-31 | 57.02% |
| 2012-12-31 | 55.38% |
| 2012-09-30 | 58.52% |
| 2012-06-30 | 58.38% |
| 2012-03-31 | 57.76% |
| 2011-12-31 | 58.24% |
| 2011-09-30 | 59.89% |
| 2011-06-30 | 59.18% |
| 2011-03-31 | 57.42% |
| 2010-12-31 | 60.83% |
| 2010-09-30 | 60.19% |
| 2010-06-30 | 60.43% |
| 2010-03-31 | 58.12% |
| 2009-12-31 | 58.93% |
| 2009-09-30 | 57.97% |
| 2009-06-30 | 58.08% |
| 2009-03-31 | 56.18% |
| 2008-12-31 | 55.48% |
| 2008-09-30 | 55.09% |
| 2008-06-30 | 54.87% |
| 2008-03-31 | 53.60% |
| 2007-12-31 | 53.98% |
| 2007-09-30 | 54.03% |
| 2007-06-30 | 53.95% |
| 2007-03-31 | 53.36% |
| 2006-12-31 | 54.82% |
| 2006-09-30 | 53.45% |
| 2006-06-30 | 55.42% |
| 2006-03-31 | 53.45% |
| 2005-12-31 | 55.03% |
| 2005-09-30 | 54.90% |
| 2005-06-30 | 55.44% |
| 2005-03-31 | 54.00% |
| 2004-12-31 | 55.12% |
| 2004-09-30 | 54.33% |
| 2004-06-30 | 54.91% |
| 2004-03-31 | 54.30% |
| 2003-12-31 | 54.17% |
| 2003-09-30 | 55.11% |
| 2003-06-30 | 54.90% |
| 2003-03-31 | 54.48% |
| 2002-12-31 | 50.92% |
| 2002-09-30 | 54.55% |
