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 47.37% is 33% above its 5-year average of 35.53%, near the high end of its 5-year range (-123.72%–76.99%).
As of the fiscal period ended Tuesday, March 31, 2026. 271.53% above its 12-month average of 12.75%.
Reported quarterly gross margin; no daily interpolation.
GROSS MARGIN
47.37%
GROSS MARGIN AVG TTM
12.75%
GROSS MARGIN AVG 3Y
46.71%
GROSS MARGIN AVG 5Y
45.95%
GROSS MARGIN AVG 10Y
48.70%
GROSS MARGIN AVG 15Y
50.24%
GROSS MARGIN AVG 20Y
52.73%
CURRENT VS TTM AVG
+271.53%
CURRENT VS 3Y AVG
+1.40%
CURRENT VS 5Y AVG
+3.09%
CURRENT VS 10Y AVG
-2.73%
CURRENT VS 15Y AVG
-5.71%
CURRENT VS 20Y AVG
-10.17%
SECTOR MEDIAN · REAL ESTATE
40.22%
median of 40 covered companies
CURRENT VS SECTOR MEDIAN
+17.79%
vs the sector median at left
Sunstone Hotel Investors, Inc.
Market Cap
$2.18B
Gross Margin
47.37%
TTM Avg
12.75%
3Y Avg
46.71%
5Y Avg
45.95%
Market Cap
$3.63B
Gross Margin
8.30%
TTM Avg
7.68%
3Y Avg
6.66%
5Y Avg
7.38%
Market Cap
$3.91B
Gross Margin
6.38%
TTM Avg
20.98%
3Y Avg
28.67%
5Y Avg
28.18%
Market Cap
$7.38B
Gross Margin
75.84%
TTM Avg
75.10%
3Y Avg
75.20%
5Y Avg
74.87%
Market Cap
$8.51B
Gross Margin
22.60%
TTM Avg
47.65%
3Y Avg
60.43%
5Y Avg
64.59%
Market Cap
$8.73B
Gross Margin
68.02%
TTM Avg
69.56%
3Y Avg
69.63%
5Y Avg
70.15%
Market Cap
$9.14B
Gross Margin
88.95%
TTM Avg
87.80%
3Y Avg
87.76%
5Y Avg
87.69%
| NAME | MARKET CAP | GROSS MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Sunstone Hotel Investors, Inc. (SHO) | $2.18B | 47.37% | 12.75% | 46.71% | 45.95% |
| Opendoor Technologies Inc. (OPEN)vs › | $3.63B | 8.30% | 7.68% | 6.66% | 7.38% |
| Apple Hospitality REIT, Inc. (APLE)vs › | $3.91B | 6.38% | 20.98% | 28.67% | 28.18% |
| Terreno Realty Corporation (TRNO)vs › | $7.38B | 75.84% | 75.10% | 75.20% | 74.87% |
| First Industrial Realty Trust, Inc. (FR)vs › | $8.51B | 22.60% | 47.65% | 60.43% | 64.59% |
| Alexandria Real Estate Equities, Inc. (ARE)vs › | $8.73B | 68.02% | 69.56% | 69.63% | 70.15% |
| NNN REIT, Inc. (NNN)vs › | $9.01B | 38.00% | 67.14% | 81.86% | 86.54% |
| Agree Realty Corporation (ADC)vs › | $9.14B | 88.95% | 87.80% | 87.76% | 87.69% |
| CubeSmart (CUBE)vs › | $9.50B | 22.74% | 46.47% | 58.95% | 62.46% |
| Federal Realty Investment Trust (FRT)vs › | $10.52B | 9.73% | 38.58% | 52.97% | 57.31% |
Gross Margin
47.4%
(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 | 47.37% |
| 2025-12-31 | -123.72% |
| 2025-09-30 | 44.03% |
| 2025-06-30 | 50.25% |
| 2025-03-31 | 45.81% |
| 2024-12-31 | 45.05% |
| 2024-09-30 | 76.99% |
| 2024-06-30 | 51.33% |
| 2024-03-31 | 45.82% |
| 2023-12-31 | 46.07% |
| 2023-09-30 | 43.98% |
| 2023-06-30 | 48.80% |
| 2023-03-31 | 45.35% |
| 2022-12-31 | 47.36% |
| 2022-09-30 | 45.41% |
| 2022-06-30 | 49.84% |
| 2022-03-31 | 40.97% |
| 2021-12-31 | -9.92% |
| 2021-09-30 | 39.04% |
| 2021-06-30 | 44.66% |
| 2021-03-31 | 21.73% |
| 2020-12-31 | -31.57% |
| 2020-09-30 | -71.68% |
| 2020-06-30 | -262.86% |
| 2020-03-31 | 37.31% |
| 2019-12-31 | 46.33% |
| 2019-09-30 | 52.38% |
| 2019-06-30 | 55.29% |
| 2019-03-31 | 49.68% |
| 2018-12-31 | 53.52% |
| 2018-09-30 | 53.24% |
| 2018-06-30 | 55.11% |
| 2018-03-31 | 49.13% |
| 2017-12-31 | 51.88% |
| 2017-09-30 | 53.20% |
| 2017-06-30 | 55.73% |
| 2017-03-31 | 50.88% |
| 2016-12-31 | 52.28% |
| 2016-09-30 | 53.86% |
| 2016-06-30 | 56.31% |
| 2016-03-31 | 48.55% |
| 2015-12-31 | 51.69% |
| 2015-09-30 | 53.23% |
| 2015-06-30 | 55.71% |
| 2015-03-31 | 49.24% |
| 2014-12-31 | 51.39% |
| 2014-09-30 | 53.47% |
| 2014-06-30 | 54.91% |
| 2014-03-31 | 47.94% |
| 2013-12-31 | 50.50% |
| 2013-09-30 | 52.72% |
| 2013-06-30 | 54.37% |
| 2013-03-31 | 46.83% |
| 2012-12-31 | 52.58% |
| 2012-09-30 | 54.94% |
| 2012-06-30 | 57.50% |
| 2012-03-31 | 52.27% |
| 2011-12-31 | 55.67% |
| 2011-09-30 | 54.39% |
| 2011-06-30 | 57.51% |
| 2011-03-31 | 50.16% |
| 2010-12-31 | 75.24% |
| 2010-09-30 | 48.47% |
| 2010-06-30 | 56.33% |
| 2010-03-31 | 52.87% |
| 2009-12-31 | 83.53% |
| 2009-09-30 | 59.88% |
| 2009-06-30 | 59.74% |
| 2009-03-31 | 60.50% |
| 2008-12-31 | 61.78% |
| 2008-09-30 | 66.80% |
| 2008-06-30 | 64.10% |
| 2008-03-31 | 64.17% |
| 2007-12-31 | 71.74% |
| 2007-09-30 | 62.21% |
| 2007-06-30 | 62.63% |
| 2007-03-31 | 61.10% |
| 2006-12-31 | 62.05% |
| 2006-09-30 | 62.85% |
| 2006-06-30 | 63.85% |
| 2006-03-31 | 61.61% |
| 2005-12-31 | 59.83% |
| 2005-09-30 | 62.82% |
| 2005-06-30 | 65.13% |
| 2005-03-31 | 62.89% |
| 2004-12-31 | 61.33% |
| 2004-09-30 | 64.07% |
| 2004-06-30 | 62.18% |
| 2004-03-31 | 62.76% |
| 2003-12-31 | 59.68% |
| 2003-09-30 | 63.07% |
