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 43.38% is 12% below its 5-year average of 49.17%, near the low end of its 5-year range (43.38%–52.82%).
As of the fiscal period ended Tuesday, March 31, 2026. 10.72% below its 12-month average of 48.58%.
Reported quarterly operating margin; no daily interpolation.
OPERATING MARGIN
43.38%
OPERATING MARGIN AVG TTM
48.58%
OPERATING MARGIN AVG 3Y
50.42%
OPERATING MARGIN AVG 5Y
49.46%
OPERATING MARGIN AVG 10Y
50.10%
OPERATING MARGIN AVG 15Y
48.88%
OPERATING MARGIN AVG 20Y
46.91%
CURRENT VS TTM AVG
-10.72%
CURRENT VS 3Y AVG
-13.97%
CURRENT VS 5Y AVG
-12.29%
CURRENT VS 10Y AVG
-13.42%
CURRENT VS 15Y AVG
-11.27%
CURRENT VS 20Y AVG
-7.54%
SECTOR MEDIAN · REAL ESTATE
28.86%
median of 40 covered companies
CURRENT VS SECTOR MEDIAN
+50.30%
vs the sector median at left
Simon Property Group, Inc.
Market Cap
$74.38B
Operating Margin
43.38%
TTM Avg
48.58%
3Y Avg
50.42%
5Y Avg
49.46%
Market Cap
$69.75B
Operating Margin
17.87%
TTM Avg
9.63%
3Y Avg
10.35%
5Y Avg
11.89%
Market Cap
$80.78B
Operating Margin
44.40%
TTM Avg
45.23%
3Y Avg
37.52%
5Y Avg
36.57%
Market Cap
$59.56B
Operating Margin
29.27%
TTM Avg
36.16%
3Y Avg
38.42%
5Y Avg
41.26%
Market Cap
$100.57B
Operating Margin
21.76%
TTM Avg
17.57%
3Y Avg
17.32%
5Y Avg
17.25%
Market Cap
$36.39B
Operating Margin
18.01%
TTM Avg
18.39%
3Y Avg
18.54%
5Y Avg
19.29%
| NAME | MARKET CAP | OPERATING MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Simon Property Group, Inc. (SPG) | $74.38B | 43.38% | 48.58% | 50.42% | 49.46% |
| Digital Realty Trust, Inc. (DLR)vs › | $69.75B | 17.87% | 9.63% | 10.35% | 11.89% |
| American Tower Corporation (AMT)vs › | $80.78B | 44.40% | 45.23% | 37.52% | 36.57% |
| Public Storage (PSA)vs › | $60.45B | 48.30% | 46.80% | 49.20% | 49.19% |
| Realty Income Corporation (O)vs › | $59.56B | 29.27% | 36.16% | 38.42% | 41.26% |
| Equinix, Inc. (EQIX)vs › | $100.57B | 21.76% | 17.57% | 17.32% | 17.25% |
| Ventas, Inc. (VTR)vs › | $45.46B | 6.61% | 14.00% | 12.24% | 12.59% |
| CBRE Group, Inc. (CBRE)vs › | $42.51B | 3.61% | 3.57% | 3.89% | 4.25% |
| Iron Mountain Incorporated (IRM)vs › | $36.39B | 18.01% | 18.39% | 18.54% | 19.29% |
| Crown Castle Inc. (CCI)vs › | $33.34B | 47.74% | 2.01% | 18.16% | 22.69% |
Gross Margin
85.2%
Operating Margin
43.4%
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 | 43.38% |
| 2025-12-31 | 49.72% |
| 2025-09-30 | 50.76% |
| 2025-06-30 | 49.66% |
| 2025-03-31 | 49.40% |
| 2024-12-31 | 52.82% |
| 2024-09-30 | 51.85% |
| 2024-06-30 | 51.71% |
| 2024-03-31 | 50.96% |
| 2023-12-31 | 51.86% |
| 2023-09-30 | 49.20% |
| 2023-06-30 | 48.04% |
| 2023-03-31 | 49.06% |
| 2022-12-31 | 48.88% |
| 2022-09-30 | 49.57% |
| 2022-06-30 | 48.97% |
| 2022-03-31 | 47.87% |
| 2021-12-31 | 44.61% |
| 2021-09-30 | 47.23% |
| 2021-06-30 | 48.22% |
| 2021-03-31 | 48.76% |
| 2020-12-31 | 40.84% |
| 2020-09-30 | 38.09% |
| 2020-06-30 | 42.45% |
| 2020-03-31 | 48.39% |
| 2019-12-31 | 52.19% |
| 2019-09-30 | 49.79% |
| 2019-06-30 | 48.71% |
| 2019-03-31 | 51.28% |
| 2018-12-31 | 51.62% |
| 2018-09-30 | 51.48% |
| 2018-06-30 | 52.56% |
| 2018-03-31 | 50.35% |
| 2017-12-31 | 52.49% |
| 2017-09-30 | 49.16% |
| 2017-06-30 | 50.39% |
| 2017-03-31 | 50.28% |
| 2016-12-31 | 49.12% |
| 2016-09-30 | 49.82% |
| 2016-06-30 | 50.12% |
| 2016-03-31 | 51.24% |
| 2015-12-31 | 51.41% |
| 2015-09-30 | 49.81% |
| 2015-06-30 | 52.06% |
| 2015-03-31 | 49.26% |
| 2014-12-31 | 50.52% |
| 2014-09-30 | 49.21% |
| 2014-06-30 | 47.51% |
| 2014-03-31 | 48.48% |
| 2013-12-31 | 48.90% |
| 2013-09-30 | 47.82% |
| 2013-06-30 | 47.00% |
| 2013-03-31 | 45.90% |
| 2012-12-31 | 46.32% |
| 2012-09-30 | 45.98% |
| 2012-06-30 | 44.13% |
| 2012-03-31 | 46.18% |
| 2011-12-31 | 45.51% |
| 2011-09-30 | 45.01% |
| 2011-06-30 | 44.92% |
| 2011-03-31 | 44.21% |
| 2010-12-31 | 45.02% |
| 2010-09-30 | 40.62% |
| 2010-06-30 | 44.50% |
| 2010-03-31 | 46.15% |
| 2009-12-31 | 41.39% |
| 2009-09-30 | 42.40% |
| 2009-06-30 | 24.87% |
| 2009-03-31 | 39.65% |
| 2008-12-31 | 43.31% |
| 2008-09-30 | 40.97% |
| 2008-06-30 | 41.07% |
| 2008-03-31 | 39.29% |
| 2007-12-31 | 45.76% |
| 2007-09-30 | 41.75% |
| 2007-06-30 | 38.97% |
| 2007-03-31 | 40.95% |
| 2006-12-31 | 42.03% |
| 2006-09-30 | 39.25% |
| 2006-06-30 | 38.82% |
| 2006-03-31 | 37.99% |
| 2005-12-31 | 39.43% |
| 2005-09-30 | 38.17% |
| 2005-06-30 | 38.40% |
| 2005-03-31 | 36.34% |
| 2004-12-31 | 40.22% |
| 2004-09-30 | 40.05% |
| 2004-06-30 | 40.06% |
| 2004-03-31 | 39.31% |
| 2003-12-31 | 47.09% |
| 2003-09-30 | 39.26% |
| 2003-06-30 | 40.93% |
| 2003-03-31 | 40.86% |
| 2002-12-31 | 45.79% |
| 2002-09-30 | 40.75% |
| 2002-06-30 | 42.87% |
