Basis: Latest reported fiscal quarter. Source: stored company filings and market data; unavailable inputs remain N/A.
Is the gross margin high or low?
The gross margin of 75.64% is in line with its 5-year average of 73.41%, near the high end of its 5-year range (30.60%–77.90%).
As of the fiscal period ended Tuesday, March 31, 2026. 14.40% above its 12-month average of 66.12%.
Reported quarterly gross margin; no daily interpolation.
GROSS MARGIN
75.64%
GROSS MARGIN AVG TTM
66.12%
GROSS MARGIN AVG 3Y
76.31%
GROSS MARGIN AVG 5Y
75.55%
GROSS MARGIN AVG 10Y
75.00%
GROSS MARGIN AVG 15Y
73.66%
GROSS MARGIN AVG 20Y
71.44%
CURRENT VS TTM AVG
+14.40%
CURRENT VS 3Y AVG
-0.88%
CURRENT VS 5Y AVG
+0.13%
CURRENT VS 10Y AVG
+0.86%
CURRENT VS 15Y AVG
+2.70%
CURRENT VS 20Y AVG
+5.88%
SECTOR MEDIAN · REAL ESTATE
40.59%
median of 40 covered companies
CURRENT VS SECTOR MEDIAN
+86.34%
vs the sector median at left
SBA Communications Corporation
Market Cap
$18.31B
Gross Margin
75.64%
TTM Avg
66.12%
3Y Avg
76.31%
5Y Avg
75.55%
Market Cap
$18.65B
Gross Margin
69.44%
TTM Avg
68.44%
3Y Avg
68.51%
5Y Avg
73.96%
Market Cap
$17.79B
Gross Margin
54.71%
TTM Avg
61.68%
3Y Avg
65.35%
5Y Avg
66.39%
Market Cap
$17.60B
Gross Margin
3.69%
TTM Avg
31.36%
3Y Avg
45.88%
5Y Avg
50.67%
Market Cap
$17.25B
Gross Margin
13.41%
TTM Avg
12.95%
3Y Avg
20.84%
5Y Avg
25.20%
Market Cap
$17.10B
Gross Margin
2.62%
TTM Avg
27.99%
3Y Avg
41.22%
5Y Avg
41.10%
Market Cap
$15.53B
Gross Margin
39.58%
TTM Avg
32.19%
3Y Avg
33.30%
5Y Avg
31.77%
Market Cap
$15.52B
Gross Margin
22.48%
TTM Avg
41.34%
3Y Avg
49.86%
5Y Avg
51.85%
Market Cap
$15.04B
Gross Margin
47.88%
TTM Avg
57.92%
3Y Avg
64.95%
5Y Avg
67.13%
| NAME | MARKET CAP | GROSS MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| SBA Communications Corporation (SBAC) | $18.31B | 75.64% | 66.12% | 76.31% | 75.55% |
| Essex Property Trust, Inc. (ESS)vs › | $18.65B | 69.44% | 68.44% | 68.51% | 73.96% |
| Kimco Realty Corporation (KIM)vs › | $17.79B | 54.71% | 61.68% | 65.35% | 66.39% |
| Invitation Homes Inc. (INVH)vs › | $17.60B | 3.69% | 31.36% | 45.88% | 50.67% |
| Weyerhaeuser Company (WY)vs › | $17.25B | 13.41% | 12.95% | 20.84% | 25.20% |
| Host Hotels & Resorts, Inc. (HST)vs › | $17.10B | 2.62% | 27.99% | 41.22% | 41.10% |
| Mid-America Apartment Communities, Inc. (MAA)vs › | $15.53B | 39.58% | 32.19% | 33.30% | 31.77% |
| Healthpeak Properties, Inc. (DOC)vs › | $15.52B | 22.48% | 41.34% | 49.86% | 51.85% |
| Regency Centers Corporation (REG)vs › | $15.04B | 47.88% | 57.92% | 64.95% | 67.13% |
| Sun Communities, Inc. (SUI)vs › | $14.96B | 9.26% | 28.04% | 37.83% | 42.97% |
Gross Margin
75.6%
(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 |
|---|---|
| 2026-03-31 | 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% |
| 2002-06-30 | 42.14% |
