Basis: Latest reported fiscal quarter. Source: stored company filings and market data; unavailable inputs remain N/A.
Is the EBITDA margin high or low?
The EBITDA margin of 89.82% is in line with its 5-year average of 92.88%, near the low end of its 5-year range (87.68%–101.00%).
As of the fiscal period ended Tuesday, March 31, 2026. 2.47% below its 12-month average of 92.09%.
Reported quarterly EBITDA margin; no daily interpolation.
EBITDA MARGIN
89.82%
EBITDA MARGIN AVG TTM
92.09%
EBITDA MARGIN AVG 3Y
94.22%
EBITDA MARGIN AVG 5Y
92.88%
EBITDA MARGIN AVG 10Y
90.53%
EBITDA MARGIN AVG 15Y
88.95%
EBITDA MARGIN AVG 20Y
85.80%
CURRENT VS TTM AVG
-2.47%
CURRENT VS 3Y AVG
-4.67%
CURRENT VS 5Y AVG
-3.30%
CURRENT VS 10Y AVG
-0.79%
CURRENT VS 15Y AVG
+0.97%
CURRENT VS 20Y AVG
+4.68%
Market Cap
$9.73B
EBITDA Margin
85.76%
TTM Avg
86.84%
3Y Avg
87.38%
5Y Avg
87.96%
Market Cap
$9.02B
EBITDA Margin
4.99%
TTM Avg
34.82%
3Y Avg
48.78%
5Y Avg
59.53%
Market Cap
$8.89B
EBITDA Margin
67.81%
TTM Avg
67.41%
3Y Avg
67.32%
5Y Avg
68.54%
Market Cap
$10.95B
EBITDA Margin
64.70%
TTM Avg
66.23%
3Y Avg
68.48%
5Y Avg
68.34%
Market Cap
$7.76B
EBITDA Margin
65.92%
TTM Avg
64.58%
3Y Avg
64.19%
5Y Avg
67.01%
Market Cap
$11.40B
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) | $9.41B | 89.82% | 92.09% | 94.22% | 92.88% |
| CubeSmart (CUBE)vs › | $9.65B | 62.95% | 63.77% | 65.00% | 67.93% |
| Agree Realty Corporation (ADC)vs › | $9.73B | 85.76% | 86.84% | 87.38% | 87.96% |
| Alexandria Real Estate Equities, Inc. (ARE)vs › | $9.02B | 4.99% | 34.82% | 48.78% | 59.53% |
| First Industrial Realty Trust, Inc. (FR)vs › | $8.89B | 67.81% | 67.41% | 67.32% | 68.54% |
| Federal Realty Investment Trust (FRT)vs › | $10.95B | 64.70% | 66.23% | 68.48% | 68.34% |
| Terreno Realty Corporation (TRNO)vs › | $7.76B | 65.92% | 64.58% | 64.19% | 67.01% |
| BXP, Inc. (BXP)vs › | $11.09B | 81.75% | 68.92% | 63.34% | 61.60% |
| Camden Property Trust (CPT)vs › | $11.40B | 57.19% | 57.07% | 57.84% | 57.22% |
| CoStar Group, Inc. (CSGP)vs › | $11.67B | 5.24% | 5.39% | 13.41% | 17.92% |
Gross Margin
38.0%
EBITDA Margin
89.8%
Operating Margin
63.1%
Net Margin
41.4%
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 |
|---|---|
| 2026-03-31 | 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% |
| 2002-06-30 | 86.53% |
