Basis: Trailing twelve months (TTM). Source: stored company filings and market data; unavailable inputs remain N/A.
Is the operating margin high or low?
The operating margin of 102.58% is 66% above its 5-year average of 61.84%, near the low end of its 5-year range (-62.66%–526.67%).
1.11% below its 12-month average of 103.73%.
Reported quarterly operating margin; no daily interpolation. Q2 FY2026 (2026-06-30): 96.60%.
OPERATING MARGIN
102.58%
OPERATING MARGIN AVG TTM
103.73%
OPERATING MARGIN AVG 3Y
86.18%
OPERATING MARGIN AVG 5Y
61.84%
OPERATING MARGIN AVG 10Y
78.02%
OPERATING MARGIN AVG 15Y
87.00%
OPERATING MARGIN AVG 20Y
97.46%
CURRENT VS TTM AVG
-1.11%
CURRENT VS 3Y AVG
+19.02%
CURRENT VS 5Y AVG
+65.88%
CURRENT VS 10Y AVG
+31.47%
CURRENT VS 15Y AVG
+17.90%
CURRENT VS 20Y AVG
+5.25%
SECTOR MEDIAN · REAL ESTATE
26.88%
median of 45 covered companies
CURRENT VS SECTOR MEDIAN
+281.62%
vs the sector median at left
Annaly Capital Management, Inc.
Market Cap
$13.97B
Operating Margin
102.58%
TTM Avg
103.73%
3Y Avg
86.18%
5Y Avg
61.84%
Market Cap
$13.64B
Operating Margin
25.14%
TTM Avg
18.62%
3Y Avg
18.46%
5Y Avg
23.55%
Market Cap
$13.41B
Operating Margin
17.61%
TTM Avg
18.37%
3Y Avg
18.48%
5Y Avg
17.49%
Market Cap
$13.40B
Operating Margin
26.88%
TTM Avg
29.00%
3Y Avg
30.30%
5Y Avg
28.80%
Market Cap
$13.30B
Operating Margin
8.38%
TTM Avg
8.18%
3Y Avg
15.51%
5Y Avg
20.07%
Market Cap
$13.07B
Operating Margin
40.33%
TTM Avg
50.73%
3Y Avg
58.00%
5Y Avg
60.23%
Market Cap
$14.96B
Operating Margin
35.80%
TTM Avg
33.02%
3Y Avg
33.65%
5Y Avg
32.85%
Market Cap
$15.44B
Operating Margin
14.44%
TTM Avg
14.49%
3Y Avg
15.09%
5Y Avg
-1.19%
Market Cap
$15.45B
Operating Margin
30.16%
TTM Avg
27.73%
3Y Avg
28.33%
5Y Avg
27.77%
| NAME | MARKET CAP | OPERATING MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Annaly Capital Management, Inc. (NLY) | $13.97B | 102.58% | 103.73% | 86.18% | 61.84% |
| Sun Communities, Inc. (SUI)vs › | $13.64B | 25.14% | 18.62% | 18.46% | 23.55% |
| Healthpeak Properties, Inc. (DOC)vs › | $13.41B | 17.61% | 18.37% | 18.48% | 17.49% |
| Mid-America Apartment Communities, Inc. (MAA)vs › | $13.40B | 26.88% | 29.00% | 30.30% | 28.80% |
| Weyerhaeuser Company (WY)vs › | $13.30B | 8.38% | 8.18% | 15.51% | 20.07% |
| Regency Centers Corporation (REG)vs › | $13.07B | 40.33% | 50.73% | 58.00% | 60.23% |
| Kimco Realty Corporation (KIM)vs › | $14.96B | 35.80% | 33.02% | 33.65% | 32.85% |
| Host Hotels & Resorts, Inc. (HST)vs › | $15.44B | 14.44% | 14.49% | 15.09% | -1.19% |
| Invitation Homes Inc. (INVH)vs › | $15.45B | 30.16% | 27.73% | 28.33% | 27.77% |
| SBA Communications Corporation (SBAC)vs › | $16.79B | 50.79% | 51.13% | 42.86% | 39.29% |
Gross Margin
99.3%
Operating Margin
102.6%
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 | 96.60% |
| 2026-03-31 | 95.76% |
| 2025-12-31 | 130.53% |
| 2025-09-30 | 128.33% |
| 2025-06-30 | 67.44% |
| 2025-03-31 | 83.05% |
| 2024-12-31 | 83.79% |
| 2024-09-30 | 103.53% |
| 2024-06-30 | 68.48% |
| 2024-03-31 | 103.64% |
| 2023-12-31 | 45.10% |
| 2023-09-30 | 28.41% |
| 2023-06-30 | 85.73% |
| 2023-03-31 | -2.65% |
| 2022-12-31 | -10.56% |
| 2022-09-30 | 12.92% |
| 2022-06-30 | 137.00% |
| 2022-03-31 | 526.67% |
| 2021-12-31 | 93.07% |
| 2021-09-30 | -62.66% |
| 2021-06-30 | -50.68% |
| 2021-03-31 | 333.84% |
| 2020-12-31 | 154.85% |
| 2020-09-30 | 106.68% |
| 2020-06-30 | -167.80% |
| 2020-03-31 | -883.22% |
| 2019-12-31 | 155.65% |
| 2019-09-30 | -743.55% |
| 2019-06-30 | -364.28% |
| 2019-03-31 | -238.94% |
| 2018-12-31 | 907.94% |
| 2018-09-30 | 168.55% |
| 2018-06-30 | 73.59% |
| 2018-03-31 | 158.84% |
| 2017-12-31 | 113.66% |
| 2017-09-30 | 51.96% |
| 2017-06-30 | 3.11% |
| 2017-03-31 | 84.01% |
| 2016-12-31 | 334.78% |
| 2016-09-30 | 131.82% |
| 2016-06-30 | 57.17% |
| 2016-03-31 | 88.52% |
| 2015-12-31 | 108.30% |
| 2015-09-30 | 91.59% |
| 2015-06-30 | 101.61% |
| 2015-03-31 | 81.74% |
| 2014-12-31 | 86.80% |
| 2014-09-30 | 112.42% |
| 2014-06-30 | -43.02% |
| 2014-03-31 | 48.48% |
| 2013-12-31 | 107.85% |
| 2013-09-30 | 136.74% |
| 2013-06-30 | 103.65% |
| 2013-03-31 | 113.54% |
| 2012-12-31 | 108.70% |
| 2012-09-30 | 108.11% |
| 2012-06-30 | -577.06% |
| 2012-03-31 | 106.64% |
| 2011-12-31 | 112.75% |
| 2011-09-30 | -128.89% |
| 2011-06-30 | 129.40% |
| 2011-03-31 | 135.45% |
| 2010-12-31 | 120.32% |
| 2010-09-30 | 756.95% |
| 2010-06-30 | 62.02% |
| 2010-03-31 | 171.90% |
| 2009-12-31 | 133.37% |
| 2009-09-30 | 183.35% |
| 2009-06-30 | 145.98% |
| 2009-03-31 | 190.54% |
| 2008-12-31 | -18.96% |
| 2008-09-30 | 209.10% |
| 2008-06-30 | 220.86% |
| 2008-03-31 | 288.34% |
| 2007-12-31 | 405.85% |
| 2007-09-30 | 487.58% |
| 2007-06-30 | 553.02% |
| 2007-03-31 | 532.13% |
| 2006-12-31 | 1900.03% |
| 2006-09-30 | 593.93% |
| 2006-06-30 | 607.03% |
| 2006-03-31 | 461.63% |
| 2005-12-31 | -74.54% |
| 2005-09-30 | 537.54% |
| 2005-06-30 | 311.79% |
| 2005-03-31 | 252.81% |
| 2004-12-31 | 222.14% |
| 2004-09-30 | 184.03% |
| 2004-06-30 | 171.46% |
| 2004-03-03 | 168.87% |
| 2003-12-31 | 181.07% |
| 2003-09-30 | 222.16% |
| 2003-06-30 | 176.29% |
| 2003-03-31 | 174.08% |
| 2002-12-31 | 184.61% |
| 2002-11-05 | 184.66% |
