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 10.94% is 44% above its 5-year average of 7.59%, near the high end of its 5-year range (-93.69%–29.65%).
As of the fiscal period ended Tuesday, March 31, 2026. 31.38% above its 12-month average of 8.33%.
Reported quarterly operating margin; no daily interpolation.
OPERATING MARGIN
10.94%
OPERATING MARGIN AVG TTM
8.33%
OPERATING MARGIN AVG 3Y
10.98%
OPERATING MARGIN AVG 5Y
12.66%
OPERATING MARGIN AVG 10Y
14.95%
OPERATING MARGIN AVG 15Y
13.06%
OPERATING MARGIN AVG 20Y
12.61%
CURRENT VS TTM AVG
+31.38%
CURRENT VS 3Y AVG
-0.32%
CURRENT VS 5Y AVG
-13.52%
CURRENT VS 10Y AVG
-26.80%
CURRENT VS 15Y AVG
-16.19%
CURRENT VS 20Y AVG
-13.24%
SECTOR MEDIAN · REAL ESTATE
28.86%
median of 40 covered companies
CURRENT VS SECTOR MEDIAN
-62.08%
vs the sector median at left
Sunstone Hotel Investors, Inc.
Market Cap
$2.18B
Operating Margin
10.94%
TTM Avg
8.33%
3Y Avg
10.98%
5Y Avg
12.66%
Market Cap
$3.63B
Operating Margin
-6.25%
TTM Avg
-6.23%
3Y Avg
-6.00%
5Y Avg
-6.38%
Market Cap
$3.91B
Operating Margin
17.57%
TTM Avg
19.09%
3Y Avg
18.32%
5Y Avg
10.94%
Market Cap
$7.38B
Operating Margin
40.81%
TTM Avg
39.54%
3Y Avg
40.06%
5Y Avg
43.51%
Market Cap
$8.51B
Operating Margin
41.59%
TTM Avg
41.50%
3Y Avg
40.62%
5Y Avg
40.74%
Market Cap
$8.73B
Operating Margin
-33.94%
TTM Avg
-7.62%
3Y Avg
8.22%
5Y Avg
20.35%
Market Cap
$9.14B
Operating Margin
47.92%
TTM Avg
48.18%
3Y Avg
48.61%
5Y Avg
50.68%
| NAME | MARKET CAP | OPERATING MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Sunstone Hotel Investors, Inc. (SHO) | $2.18B | 10.94% | 8.33% | 10.98% | 12.66% |
| Opendoor Technologies Inc. (OPEN)vs › | $3.63B | -6.25% | -6.23% | -6.00% | -6.38% |
| Apple Hospitality REIT, Inc. (APLE)vs › | $3.91B | 17.57% | 19.09% | 18.32% | 10.94% |
| Terreno Realty Corporation (TRNO)vs › | $7.38B | 40.81% | 39.54% | 40.06% | 43.51% |
| First Industrial Realty Trust, Inc. (FR)vs › | $8.51B | 41.59% | 41.50% | 40.62% | 40.74% |
| Alexandria Real Estate Equities, Inc. (ARE)vs › | $8.73B | -33.94% | -7.62% | 8.22% | 20.35% |
| NNN REIT, Inc. (NNN)vs › | $9.01B | 62.14% | 64.00% | 64.37% | 62.66% |
| Agree Realty Corporation (ADC)vs › | $9.14B | 47.92% | 48.18% | 48.61% | 50.68% |
| CubeSmart (CUBE)vs › | $9.50B | 39.51% | 42.64% | 41.85% | 43.95% |
| Federal Realty Investment Trust (FRT)vs › | $10.52B | 36.03% | 37.61% | 40.03% | 39.38% |
Gross Margin
6.2%
Operating Margin
10.9%
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 | 10.94% |
| 2025-12-31 | 6.77% |
| 2025-09-30 | 5.19% |
| 2025-06-30 | 11.71% |
| 2025-03-31 | 7.04% |
| 2024-12-31 | 4.37% |
| 2024-09-30 | 7.24% |
| 2024-06-30 | 14.36% |
| 2024-03-31 | 7.95% |
| 2023-12-31 | 8.48% |
| 2023-09-30 | 24.23% |
| 2023-06-30 | 29.15% |
| 2023-03-31 | 23.47% |
| 2022-12-31 | 26.67% |
| 2022-09-30 | 25.26% |
| 2022-06-30 | 29.65% |
| 2022-03-31 | 14.64% |
| 2021-12-31 | -3.38% |
| 2021-09-30 | 16.36% |
| 2021-06-30 | -17.01% |
| 2021-03-31 | -93.69% |
| 2020-12-31 | -39.69% |
| 2020-09-30 | -271.76% |
| 2020-06-30 | -832.39% |
| 2020-03-31 | -13.22% |
| 2019-12-31 | 26.84% |
| 2019-09-30 | 15.02% |
| 2019-06-30 | 19.68% |
| 2019-03-31 | 9.39% |
| 2018-12-31 | 33.36% |
| 2018-09-30 | 16.62% |
| 2018-06-30 | 19.49% |
| 2018-03-31 | 9.74% |
| 2017-12-31 | 12.04% |
| 2017-09-30 | 4.30% |
| 2017-06-30 | 19.67% |
| 2017-03-31 | 10.79% |
| 2016-12-31 | 12.80% |
| 2016-09-30 | 16.10% |
| 2016-06-30 | 19.69% |
| 2016-03-31 | 7.68% |
| 2015-12-31 | 13.67% |
| 2015-09-30 | 16.10% |
| 2015-06-30 | 20.44% |
| 2015-03-31 | 6.21% |
| 2014-12-31 | 12.33% |
| 2014-09-30 | 16.52% |
| 2014-06-30 | 18.58% |
| 2014-03-31 | 5.87% |
| 2013-12-31 | 10.10% |
| 2013-09-30 | 13.73% |
| 2013-06-30 | 15.61% |
| 2013-03-31 | 1.83% |
| 2012-12-31 | 12.45% |
| 2012-09-30 | 8.71% |
| 2012-06-30 | 13.78% |
| 2012-03-31 | 4.01% |
| 2011-12-31 | 11.68% |
| 2011-09-30 | 1.73% |
| 2011-06-30 | 12.82% |
| 2011-03-31 | -0.96% |
| 2010-12-31 | 6.09% |
| 2010-09-30 | 2.70% |
| 2010-06-30 | 8.51% |
| 2010-03-31 | 2.65% |
| 2009-12-31 | -26.40% |
| 2009-09-30 | 4.56% |
| 2009-06-30 | -61.02% |
| 2009-03-31 | 2.13% |
| 2008-12-31 | 13.33% |
| 2008-09-30 | 14.29% |
| 2008-06-30 | 18.08% |
| 2008-03-31 | 10.62% |
| 2007-12-31 | 17.42% |
| 2007-09-30 | 15.53% |
| 2007-06-30 | 16.17% |
| 2007-03-31 | 12.19% |
| 2006-12-31 | 13.55% |
| 2006-09-30 | 14.72% |
| 2006-06-30 | 17.88% |
| 2006-03-31 | 12.63% |
| 2005-12-31 | 13.35% |
| 2005-09-30 | 12.74% |
| 2005-06-30 | 15.83% |
| 2005-03-31 | 11.13% |
| 2004-12-31 | 1.83% |
| 2004-09-30 | 14.71% |
| 2004-06-30 | 178.25% |
| 2004-03-31 | 5.05% |
| 2003-12-31 | -4.35% |
| 2003-09-30 | 13.13% |
