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 41.61% is 45% below its 5-year average of 75.54%, near the low end of its 5-year range (30.60%–77.90%).
37.00% below its 12-month average of 66.05%.
Reported quarterly gross margin; no daily interpolation. Q2 FY2026 (2026-06-30): 75.39%.
GROSS MARGIN
41.61%
GROSS MARGIN AVG TTM
66.05%
GROSS MARGIN AVG 3Y
76.36%
GROSS MARGIN AVG 5Y
75.54%
GROSS MARGIN AVG 10Y
75.05%
GROSS MARGIN AVG 15Y
74.21%
GROSS MARGIN AVG 20Y
71.49%
CURRENT VS TTM AVG
-37.00%
CURRENT VS 3Y AVG
-45.51%
CURRENT VS 5Y AVG
-44.92%
CURRENT VS 10Y AVG
-44.55%
CURRENT VS 15Y AVG
-43.93%
CURRENT VS 20Y AVG
-41.80%
SECTOR MEDIAN · REAL ESTATE
38.00%
median of 39 covered companies
CURRENT VS SECTOR MEDIAN
+9.50%
vs the sector median at left
SBA Communications Corporation
Market Cap
$19.62B
Gross Margin
41.61%
TTM Avg
66.05%
3Y Avg
76.36%
5Y Avg
75.54%
Market Cap
$17.59B
Gross Margin
69.38%
TTM Avg
68.44%
3Y Avg
68.51%
5Y Avg
73.96%
Market Cap
$16.44B
Gross Margin
3.69%
TTM Avg
31.36%
3Y Avg
45.88%
5Y Avg
50.67%
Market Cap
$16.02B
Gross Margin
13.24%
TTM Avg
12.95%
3Y Avg
20.84%
5Y Avg
25.20%
Market Cap
$15.75B
Gross Margin
54.85%
TTM Avg
61.68%
3Y Avg
65.35%
5Y Avg
66.39%
Market Cap
$15.39B
Gross Margin
2.62%
TTM Avg
27.99%
3Y Avg
41.22%
5Y Avg
41.10%
Market Cap
$23.87B
Gross Margin
45.96%
TTM Avg
54.80%
3Y Avg
59.31%
5Y Avg
60.52%
Market Cap
$14.67B
Gross Margin
31.83%
TTM Avg
32.19%
3Y Avg
33.30%
5Y Avg
31.77%
Market Cap
$14.16B
Gross Margin
9.26%
TTM Avg
28.04%
3Y Avg
37.83%
5Y Avg
42.97%
| NAME | MARKET CAP | GROSS MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| SBA Communications Corporation (SBAC) | $19.62B | 41.61% | 66.05% | 76.36% | 75.54% |
| Essex Property Trust, Inc. (ESS)vs › | $17.59B | 69.38% | 68.44% | 68.51% | 73.96% |
| Invitation Homes Inc. (INVH)vs › | $16.44B | 3.69% | 31.36% | 45.88% | 50.67% |
| Weyerhaeuser Company (WY)vs › | $16.02B | 13.24% | 12.95% | 20.84% | 25.20% |
| Kimco Realty Corporation (KIM)vs › | $15.75B | 54.85% | 61.68% | 65.35% | 66.39% |
| Host Hotels & Resorts, Inc. (HST)vs › | $15.39B | 2.62% | 27.99% | 41.22% | 41.10% |
| Equity Residential (EQR)vs › | $23.87B | 45.96% | 54.80% | 59.31% | 60.52% |
| Mid-America Apartment Communities, Inc. (MAA)vs › | $14.67B | 31.83% | 32.19% | 33.30% | 31.77% |
| Sun Communities, Inc. (SUI)vs › | $14.16B | 9.26% | 28.04% | 37.83% | 42.97% |
| Healthpeak Properties, Inc. (DOC)vs › | $14.01B | 22.48% | 41.34% | 49.86% | 51.85% |
Gross Margin
41.6%
(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 | 75.39% |
| 2026-03-31 | 75.64% |
| 2025-12-31 | 30.60% |
| 2025-09-30 | 74.08% |
| 2025-06-30 | 74.54% |
| 2025-03-31 | 75.76% |
| 2024-12-31 | 77.12% |
| 2024-09-30 | 76.67% |
| 2024-06-30 | 77.62% |
| 2024-03-31 | 77.90% |
| 2023-12-31 | 77.88% |
| 2023-09-30 | 77.23% |
| 2023-06-30 | 76.54% |
| 2023-03-31 | 74.78% |
| 2022-12-31 | 73.74% |
| 2022-09-30 | 72.71% |
| 2022-06-30 | 73.49% |
| 2022-03-31 | 74.50% |
| 2021-12-31 | 74.81% |
| 2021-09-30 | 75.27% |
| 2021-06-30 | 75.23% |
| 2021-03-31 | 75.44% |
| 2020-12-31 | 75.37% |
| 2020-09-30 | 75.97% |
| 2020-06-30 | 77.10% |
| 2020-03-31 | 76.93% |
| 2019-12-31 | 75.31% |
| 2019-09-30 | 74.74% |
| 2019-06-30 | 74.61% |
| 2019-03-31 | 74.41% |
| 2018-12-31 | 74.35% |
| 2018-09-30 | 74.37% |
| 2018-06-30 | 74.24% |
| 2018-03-31 | 74.17% |
| 2017-12-31 | 72.91% |
| 2017-09-30 | 73.95% |
| 2017-06-30 | 73.87% |
| 2017-03-31 | 73.09% |
| 2016-12-31 | 73.49% |
| 2016-09-30 | 73.64% |
| 2016-06-30 | 73.03% |
| 2016-03-31 | 73.54% |
| 2015-12-31 | 72.03% |
| 2015-09-30 | 72.71% |
| 2015-06-30 | 71.30% |
| 2015-03-31 | 72.58% |
| 2014-12-31 | 73.05% |
| 2014-09-30 | 71.57% |
| 2014-06-30 | 71.40% |
| 2014-03-31 | 69.40% |
| 2013-12-31 | 67.69% |
| 2013-09-30 | 67.81% |
| 2013-06-30 | 67.41% |
| 2013-03-31 | 65.98% |
| 2012-12-31 | 63.25% |
| 2012-09-30 | 67.56% |
| 2012-06-30 | 71.11% |
| 2012-03-31 | 72.89% |
| 2011-12-31 | 72.66% |
| 2011-09-30 | 70.47% |
| 2011-06-30 | 70.71% |
| 2011-03-31 | 69.77% |
| 2010-12-31 | 68.69% |
| 2010-09-30 | 68.10% |
| 2010-06-30 | 67.67% |
| 2010-03-31 | 68.19% |
| 2009-12-31 | 67.69% |
| 2009-09-30 | 67.49% |
| 2009-06-30 | 67.79% |
| 2009-03-31 | 67.02% |
| 2008-12-31 | 65.36% |
| 2008-09-30 | 64.60% |
| 2008-06-30 | 64.84% |
| 2008-03-31 | 63.40% |
| 2007-12-31 | 60.53% |
| 2007-09-30 | 57.70% |
| 2007-06-30 | 60.86% |
| 2007-03-31 | 60.89% |
| 2006-12-31 | 58.66% |
| 2006-09-30 | 57.06% |
| 2006-06-30 | 54.02% |
| 2006-03-31 | 50.20% |
| 2005-12-31 | 46.18% |
| 2005-09-30 | 46.98% |
| 2005-06-30 | 45.17% |
| 2005-03-31 | 46.33% |
| 2004-12-31 | 36.59% |
| 2004-09-30 | 47.74% |
| 2004-06-30 | 47.03% |
| 2004-03-31 | 42.64% |
| 2003-12-31 | 42.56% |
| 2003-09-30 | 43.07% |
| 2003-06-30 | 45.40% |
| 2003-03-31 | 45.63% |
| 2002-12-31 | 42.71% |
| 2002-09-30 | 41.51% |
