Basis: Trailing twelve months (TTM). Source: stored company filings and market data; unavailable inputs remain N/A.
Is the EBITDA margin high or low?
The EBITDA margin of 90.51% is in line with its 5-year average of 92.90%, near the low end of its 5-year range (87.68%–101.00%).
1.79% below its 12-month average of 92.16%.
Reported quarterly EBITDA margin; no daily interpolation. Q2 FY2026 (2026-06-30): 90.66%.
EBITDA MARGIN
90.51%
EBITDA MARGIN AVG TTM
92.16%
EBITDA MARGIN AVG 3Y
94.10%
EBITDA MARGIN AVG 5Y
92.90%
EBITDA MARGIN AVG 10Y
90.59%
EBITDA MARGIN AVG 15Y
88.98%
EBITDA MARGIN AVG 20Y
85.95%
CURRENT VS TTM AVG
-1.79%
CURRENT VS 3Y AVG
-3.81%
CURRENT VS 5Y AVG
-2.57%
CURRENT VS 10Y AVG
-0.09%
CURRENT VS 15Y AVG
+1.72%
CURRENT VS 20Y AVG
+5.30%
Market Cap
$8.59B
EBITDA Margin
85.76%
TTM Avg
86.84%
3Y Avg
87.38%
5Y Avg
87.96%
Market Cap
$8.06B
EBITDA Margin
67.81%
TTM Avg
67.41%
3Y Avg
67.32%
5Y Avg
68.54%
Market Cap
$8.64B
EBITDA Margin
4.99%
TTM Avg
34.82%
3Y Avg
48.78%
5Y Avg
59.53%
Market Cap
$6.91B
EBITDA Margin
65.92%
TTM Avg
64.58%
3Y Avg
64.19%
5Y Avg
67.01%
Market Cap
$9.92B
EBITDA Margin
64.70%
TTM Avg
66.23%
3Y Avg
68.48%
5Y Avg
68.34%
Market Cap
$10.30B
EBITDA Margin
57.19%
TTM Avg
57.07%
3Y Avg
57.84%
5Y Avg
57.22%
| NAME | MARKET CAP | EBITDA MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| NNN REIT, Inc. (NNN) | $8.34B | 90.51% | 92.16% | 94.10% | 92.90% |
| Agree Realty Corporation (ADC)vs › | $8.59B | 85.76% | 86.84% | 87.38% | 87.96% |
| First Industrial Realty Trust, Inc. (FR)vs › | $8.06B | 67.81% | 67.41% | 67.32% | 68.54% |
| Alexandria Real Estate Equities, Inc. (ARE)vs › | $8.64B | 4.99% | 34.82% | 48.78% | 59.53% |
| CubeSmart (CUBE)vs › | $8.85B | 62.95% | 63.77% | 65.00% | 67.93% |
| Terreno Realty Corporation (TRNO)vs › | $6.91B | 65.92% | 64.58% | 64.19% | 67.01% |
| Federal Realty Investment Trust (FRT)vs › | $9.92B | 64.70% | 66.23% | 68.48% | 68.34% |
| BXP, Inc. (BXP)vs › | $10.16B | 81.75% | 68.92% | 63.34% | 61.60% |
| Camden Property Trust (CPT)vs › | $10.30B | 57.19% | 57.07% | 57.84% | 57.22% |
| UDR, Inc. (UDR)vs › | $11.29B | 58.54% | 58.58% | 65.00% | 66.45% |
Gross Margin
38.0%
EBITDA Margin
90.5%
Operating Margin
62.0%
Net Margin
40.4%
Formula: EBITDA Margin = (EBITDA / Revenue) × 100
Why EBITDA Margin matters:
EBITDA Margin = EBITDA / Revenue
EBITDA margin measures operating profitability before interest, taxes, depreciation, and amortization as a percentage of revenue.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
| DATE | EBITDA MARGIN |
|---|---|
| 2026-06-30 | 90.66% |
| 2026-03-31 | 89.82% |
| 2025-12-31 | 90.93% |
| 2025-09-30 | 93.21% |
| 2025-06-30 | 96.18% |
| 2025-03-31 | 90.30% |
| 2024-12-31 | 94.71% |
| 2024-09-30 | 94.67% |
| 2024-06-30 | 99.06% |
| 2024-03-31 | 92.35% |
| 2023-12-31 | 92.39% |
| 2023-09-30 | 101.00% |
| 2023-06-30 | 98.01% |
| 2023-03-31 | 92.19% |
| 2022-12-31 | 93.50% |
| 2022-09-30 | 93.94% |
| 2022-06-30 | 88.21% |
| 2022-03-31 | 89.72% |
| 2021-12-31 | 89.49% |
| 2021-09-30 | 92.80% |
| 2021-06-30 | 87.68% |
| 2021-03-31 | 90.34% |
| 2020-12-31 | 87.21% |
| 2020-09-30 | 86.57% |
| 2020-06-30 | 77.49% |
| 2020-03-31 | 93.99% |
| 2019-12-31 | 87.72% |
| 2019-09-30 | 85.73% |
| 2019-06-30 | 93.89% |
| 2019-03-31 | 94.25% |
| 2018-12-31 | 83.23% |
| 2018-09-30 | 88.31% |
| 2018-06-30 | 88.00% |
| 2018-03-31 | 88.83% |
| 2017-12-31 | 84.64% |
| 2017-09-30 | 91.06% |
| 2017-06-30 | 85.14% |
| 2017-03-31 | 88.84% |
| 2016-12-31 | 88.46% |
| 2016-09-30 | 81.45% |
| 2016-06-30 | 85.19% |
| 2016-03-31 | 88.32% |
| 2015-12-31 | 87.35% |
| 2015-09-30 | 89.06% |
| 2015-06-30 | 86.69% |
| 2015-03-31 | 87.61% |
| 2014-12-31 | 89.63% |
| 2014-09-30 | 87.54% |
| 2014-06-30 | 87.70% |
| 2014-03-31 | 86.73% |
| 2013-12-31 | 86.10% |
| 2013-09-30 | 88.25% |
| 2013-06-30 | 85.63% |
| 2013-03-31 | 84.90% |
| 2012-12-31 | 81.75% |
| 2012-09-30 | 76.81% |
| 2012-06-30 | 76.63% |
| 2012-03-31 | 74.27% |
| 2011-12-31 | 72.97% |
| 2011-09-30 | 71.35% |
| 2011-06-30 | 70.01% |
| 2011-03-31 | 72.86% |
| 2010-12-31 | 58.98% |
| 2010-09-30 | 73.66% |
| 2010-06-30 | 73.91% |
| 2010-03-31 | 69.44% |
| 2009-12-31 | 33.64% |
| 2009-09-30 | 75.43% |
| 2009-06-30 | 82.92% |
| 2009-03-31 | 83.69% |
| 2008-12-31 | 76.82% |
| 2008-09-30 | 87.12% |
| 2008-06-30 | 85.69% |
| 2008-03-31 | 80.66% |
| 2007-12-31 | 81.73% |
| 2007-09-30 | 83.63% |
| 2007-06-30 | 82.76% |
| 2007-03-31 | 81.44% |
| 2006-12-31 | 79.93% |
| 2006-09-30 | 67.63% |
| 2006-06-30 | 72.02% |
| 2006-03-31 | 79.05% |
| 2005-12-31 | 59.81% |
| 2005-09-30 | 74.69% |
| 2005-06-30 | 74.74% |
| 2005-03-31 | 75.26% |
| 2004-12-31 | 69.31% |
| 2004-09-30 | 75.85% |
| 2004-06-30 | 64.37% |
| 2004-03-31 | 75.14% |
| 2003-12-31 | 83.86% |
| 2003-09-30 | 85.71% |
| 2003-06-30 | 89.79% |
| 2003-03-31 | 78.18% |
| 2002-12-31 | 88.20% |
| 2002-09-30 | 83.30% |
