Basis: Latest reported fiscal quarter. Source: stored company filings and market data; unavailable inputs remain N/A.
Is the operating margin high or low?
The operating margin of 48.74% is 18% above its 5-year average of 41.30%, near the high end of its 5-year range (31.06%–56.26%).
As of the fiscal period ended Tuesday, March 31, 2026. 1.15% above its 12-month average of 48.19%.
Reported quarterly operating margin; no daily interpolation.
OPERATING MARGIN
48.74%
OPERATING MARGIN AVG TTM
48.19%
OPERATING MARGIN AVG 3Y
45.49%
OPERATING MARGIN AVG 5Y
41.30%
OPERATING MARGIN AVG 10Y
30.60%
OPERATING MARGIN AVG 15Y
28.88%
OPERATING MARGIN AVG 20Y
24.11%
CURRENT VS TTM AVG
+1.15%
CURRENT VS 3Y AVG
+7.15%
CURRENT VS 5Y AVG
+18.00%
CURRENT VS 10Y AVG
+59.26%
CURRENT VS 15Y AVG
+68.77%
CURRENT VS 20Y AVG
+102.14%
SECTOR MEDIAN · REAL ESTATE
28.86%
median of 40 covered companies
CURRENT VS SECTOR MEDIAN
+68.88%
vs the sector median at left
SBA Communications Corporation
Market Cap
$19.29B
Operating Margin
48.74%
TTM Avg
48.19%
3Y Avg
45.49%
5Y Avg
41.30%
Market Cap
$18.11B
Operating Margin
43.88%
TTM Avg
41.75%
3Y Avg
38.88%
5Y Avg
37.53%
Market Cap
$17.63B
Operating Margin
27.15%
TTM Avg
27.73%
3Y Avg
28.33%
5Y Avg
27.77%
Market Cap
$17.20B
Operating Margin
36.08%
TTM Avg
33.02%
3Y Avg
33.65%
5Y Avg
32.85%
Market Cap
$17.18B
Operating Margin
14.31%
TTM Avg
14.49%
3Y Avg
15.09%
5Y Avg
-1.19%
Market Cap
$16.94B
Operating Margin
8.38%
TTM Avg
8.18%
3Y Avg
15.51%
5Y Avg
20.07%
Market Cap
$15.52B
Operating Margin
26.18%
TTM Avg
29.00%
3Y Avg
30.30%
5Y Avg
28.80%
Market Cap
$15.33B
Operating Margin
20.94%
TTM Avg
18.62%
3Y Avg
18.46%
5Y Avg
23.55%
Market Cap
$15.21B
Operating Margin
18.31%
TTM Avg
18.37%
3Y Avg
18.48%
5Y Avg
17.49%
| NAME | MARKET CAP | OPERATING MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| SBA Communications Corporation (SBAC) | $19.29B | 48.74% | 48.19% | 45.49% | 41.30% |
| Essex Property Trust, Inc. (ESS)vs › | $18.11B | 43.88% | 41.75% | 38.88% | 37.53% |
| Invitation Homes Inc. (INVH)vs › | $17.63B | 27.15% | 27.73% | 28.33% | 27.77% |
| Kimco Realty Corporation (KIM)vs › | $17.20B | 36.08% | 33.02% | 33.65% | 32.85% |
| Host Hotels & Resorts, Inc. (HST)vs › | $17.18B | 14.31% | 14.49% | 15.09% | -1.19% |
| Weyerhaeuser Company (WY)vs › | $16.94B | 8.38% | 8.18% | 15.51% | 20.07% |
| Mid-America Apartment Communities, Inc. (MAA)vs › | $15.52B | 26.18% | 29.00% | 30.30% | 28.80% |
| Sun Communities, Inc. (SUI)vs › | $15.33B | 20.94% | 18.62% | 18.46% | 23.55% |
| Healthpeak Properties, Inc. (DOC)vs › | $15.21B | 18.31% | 18.37% | 18.48% | 17.49% |
| Regency Centers Corporation (REG)vs › | $14.67B | 37.03% | 50.73% | 58.00% | 60.23% |
Gross Margin
41.6%
Operating Margin
48.7%
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 |
|---|---|
| 2026-03-31 | 48.74% |
| 2025-12-31 | 42.78% |
| 2025-09-30 | 51.09% |
| 2025-06-30 | 47.90% |
| 2025-03-31 | 50.42% |
| 2024-12-31 | 55.12% |
| 2024-09-30 | 56.26% |
| 2024-06-30 | 53.67% |
| 2024-03-31 | 49.15% |
| 2023-12-31 | 31.06% |
| 2023-09-30 | 36.42% |
| 2023-06-30 | 35.55% |
| 2023-03-31 | 33.18% |
| 2022-12-31 | 34.20% |
| 2022-09-30 | 35.97% |
| 2022-06-30 | 35.43% |
| 2022-03-31 | 34.98% |
| 2021-12-31 | 33.17% |
| 2021-09-30 | 35.94% |
| 2021-06-30 | 34.71% |
| 2021-03-31 | 31.63% |
| 2020-12-31 | 30.81% |
| 2020-09-30 | 30.66% |
| 2020-06-30 | 30.96% |
| 2020-03-31 | 29.24% |
| 2019-12-31 | 29.97% |
| 2019-09-30 | 30.31% |
| 2019-06-30 | 27.28% |
| 2019-03-31 | 28.23% |
| 2018-12-31 | 31.07% |
| 2018-09-30 | 29.54% |
| 2018-06-30 | 27.58% |
| 2018-03-31 | 28.36% |
| 2017-12-31 | 26.88% |
| 2017-09-30 | 26.96% |
| 2017-06-30 | 26.82% |
| 2017-03-31 | 25.47% |
| 2016-12-31 | 25.79% |
| 2016-09-30 | 26.31% |
| 2016-06-30 | 18.26% |
| 2016-03-31 | 24.41% |
| 2015-12-31 | 20.18% |
| 2015-09-30 | 10.49% |
| 2015-06-30 | 23.90% |
| 2015-03-31 | 21.72% |
| 2014-12-31 | 23.86% |
| 2014-09-30 | 22.75% |
| 2014-06-30 | 21.73% |
| 2014-03-31 | 19.43% |
| 2013-12-31 | 17.72% |
| 2013-09-30 | 19.24% |
| 2013-06-30 | 17.28% |
| 2013-03-31 | 19.32% |
| 2012-12-31 | 11.87% |
| 2012-09-30 | 17.87% |
| 2012-06-30 | 15.16% |
| 2012-03-31 | 20.93% |
| 2011-12-31 | 17.40% |
| 2011-09-30 | 15.71% |
| 2011-06-30 | 15.91% |
| 2011-03-31 | 14.25% |
| 2010-12-31 | 10.09% |
| 2010-09-30 | 13.03% |
| 2010-06-30 | 12.96% |
| 2010-03-31 | 11.41% |
| 2009-12-31 | 8.32% |
| 2009-09-30 | 10.73% |
| 2009-06-30 | 9.98% |
| 2009-03-31 | 10.63% |
| 2008-12-31 | 8.58% |
| 2008-09-30 | 9.63% |
| 2008-06-30 | 9.64% |
| 2008-03-31 | 10.77% |
| 2007-12-31 | 8.91% |
| 2007-09-30 | 5.15% |
| 2007-06-30 | 7.79% |
| 2007-03-31 | 7.54% |
| 2006-12-31 | 6.26% |
| 2006-09-30 | 6.43% |
| 2006-06-30 | 3.23% |
| 2006-03-31 | -7.02% |
| 2005-12-31 | 5.37% |
| 2005-09-30 | 3.94% |
| 2005-06-30 | -0.36% |
| 2005-03-31 | -3.54% |
| 2004-12-31 | -26.49% |
| 2004-09-30 | 0.00% |
| 2004-06-30 | -4.89% |
| 2004-03-31 | -6.63% |
| 2003-12-31 | -18.22% |
| 2003-09-30 | -14.42% |
| 2003-06-30 | -31.27% |
| 2003-03-31 | -15.37% |
| 2002-12-31 | -12.04% |
| 2002-09-30 | -13.06% |
| 2002-06-30 | -35.83% |
