Basis: Trailing twelve months (TTM). Source: stored company filings and market data; unavailable inputs remain N/A.
Is the operating margin high or low?
The operating margin of 88.77% is in line with its 5-year average of 90.30%, near the high end of its 5-year range (11.58%–110.04%).
4.73% below its 12-month average of 93.18%.
Reported quarterly operating margin; no daily interpolation. Q2 FY2026 (2026-06-30): 70.35%.
OPERATING MARGIN
88.77%
OPERATING MARGIN AVG TTM
93.18%
OPERATING MARGIN AVG 3Y
92.17%
OPERATING MARGIN AVG 5Y
90.30%
OPERATING MARGIN AVG 10Y
87.86%
OPERATING MARGIN AVG 15Y
N/A
OPERATING MARGIN AVG 20Y
N/A
CURRENT VS TTM AVG
-4.73%
CURRENT VS 3Y AVG
-3.69%
CURRENT VS 5Y AVG
-1.69%
CURRENT VS 10Y AVG
+1.04%
CURRENT VS 15Y AVG
N/A
CURRENT VS 20Y AVG
N/A
SECTOR MEDIAN · REAL ESTATE
29.30%
median of 40 covered companies
CURRENT VS SECTOR MEDIAN
+202.92%
vs the sector median at left
VICI Properties Inc.
Market Cap
$27.78B
Operating Margin
88.77%
TTM Avg
93.18%
3Y Avg
92.17%
5Y Avg
90.30%
Market Cap
$28.65B
Operating Margin
43.37%
TTM Avg
41.87%
3Y Avg
45.48%
5Y Avg
48.48%
Market Cap
$26.28B
Operating Margin
28.45%
TTM Avg
30.75%
3Y Avg
30.95%
5Y Avg
30.23%
Market Cap
$23.87B
Operating Margin
36.33%
TTM Avg
48.77%
3Y Avg
55.23%
5Y Avg
56.70%
Market Cap
$32.85B
Operating Margin
47.74%
TTM Avg
2.01%
3Y Avg
18.16%
5Y Avg
22.69%
Market Cap
$34.28B
Operating Margin
18.76%
TTM Avg
18.39%
3Y Avg
18.54%
5Y Avg
19.29%
Market Cap
$19.81B
Operating Margin
50.79%
TTM Avg
51.13%
3Y Avg
42.86%
5Y Avg
39.29%
Market Cap
$17.63B
Operating Margin
43.88%
TTM Avg
41.75%
3Y Avg
38.88%
5Y Avg
37.53%
Market Cap
$16.74B
Operating Margin
30.16%
TTM Avg
27.73%
3Y Avg
28.33%
5Y Avg
27.77%
| NAME | MARKET CAP | OPERATING MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| VICI Properties Inc. (VICI) | $27.78B | 88.77% | 93.18% | 92.17% | 90.30% |
| Extra Space Storage Inc. (EXR)vs › | $28.65B | 43.37% | 41.87% | 45.48% | 48.48% |
| AvalonBay Communities, Inc. (AVB)vs › | $26.28B | 28.45% | 30.75% | 30.95% | 30.23% |
| Equity Residential (EQR)vs › | $23.87B | 36.33% | 48.77% | 55.23% | 56.70% |
| Crown Castle Inc. (CCI)vs › | $32.85B | 47.74% | 2.01% | 18.16% | 22.69% |
| Iron Mountain Incorporated (IRM)vs › | $34.28B | 18.76% | 18.39% | 18.54% | 19.29% |
| SBA Communications Corporation (SBAC)vs › | $19.81B | 50.79% | 51.13% | 42.86% | 39.29% |
| Essex Property Trust, Inc. (ESS)vs › | $17.63B | 43.88% | 41.75% | 38.88% | 37.53% |
| Invitation Homes Inc. (INVH)vs › | $16.74B | 30.16% | 27.73% | 28.33% | 27.77% |
| Weyerhaeuser Company (WY)vs › | $16.29B | 8.38% | 8.18% | 15.51% | 20.07% |
Gross Margin
99.3%
Operating Margin
88.8%
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 |
|---|---|
| 2026-06-30 | 70.35% |
| 2026-03-31 | 107.51% |
| 2025-12-31 | 80.33% |
| 2025-09-30 | 97.67% |
| 2025-06-30 | 110.04% |
| 2025-03-31 | 76.77% |
| 2024-12-31 | 85.42% |
| 2024-09-30 | 98.76% |
| 2024-06-30 | 100.01% |
| 2024-03-31 | 84.23% |
| 2023-12-31 | 102.14% |
| 2023-09-30 | 84.97% |
| 2023-06-30 | 100.05% |
| 2023-03-31 | 82.73% |
| 2022-12-31 | 98.84% |
| 2022-09-30 | 64.25% |
| 2022-06-30 | 11.58% |
| 2022-03-31 | 74.86% |
| 2021-12-31 | 92.82% |
| 2021-09-30 | 91.95% |
| 2021-06-30 | 102.26% |
| 2021-03-31 | 95.73% |
| 2020-12-31 | 98.98% |
| 2020-09-30 | 41.13% |
| 2020-06-30 | 119.67% |
| 2020-03-31 | 34.52% |
| 2019-12-31 | 95.46% |
| 2019-09-30 | 93.65% |
| 2019-06-30 | 93.09% |
| 2019-03-31 | 94.33% |
| 2018-12-31 | 86.57% |
| 2018-09-30 | 79.12% |
| 2018-06-30 | 85.73% |
| 2018-03-31 | 86.46% |
| 2017-12-31 | 76.86% |
| 2017-09-30 | 19.53% |
| 2017-06-30 | 15.63% |
| 2017-03-31 | 17.38% |
| 2016-12-31 | 0.02% |
| 2016-09-30 | 0.02% |
| 2016-06-30 | 0.04% |
| 2016-03-31 | 0.06% |
