Basis: Latest reported fiscal quarter. Source: stored company filings and market data; unavailable inputs remain N/A.
Is the EBITDA margin high or low?
The EBITDA margin of 37.44% is in line with its 5-year average of 34.62%, near the high end of its 5-year range (-10.75%–40.38%).
As of the fiscal period ended Tuesday, June 30, 2026. 35.05% above its 12-month average of 27.72%.
Reported quarterly EBITDA margin; no daily interpolation.
EBITDA MARGIN
37.44%
EBITDA MARGIN AVG TTM
27.72%
EBITDA MARGIN AVG 3Y
36.78%
EBITDA MARGIN AVG 5Y
36.71%
EBITDA MARGIN AVG 10Y
40.97%
EBITDA MARGIN AVG 15Y
46.46%
EBITDA MARGIN AVG 20Y
56.28%
CURRENT VS TTM AVG
+35.05%
CURRENT VS 3Y AVG
+1.78%
CURRENT VS 5Y AVG
+1.98%
CURRENT VS 10Y AVG
-8.61%
CURRENT VS 15Y AVG
-19.42%
CURRENT VS 20Y AVG
-33.48%
Market Cap
$80.78B
EBITDA Margin
65.21%
TTM Avg
65.39%
3Y Avg
64.00%
5Y Avg
62.29%
Market Cap
$74.38B
EBITDA Margin
73.19%
TTM Avg
73.92%
3Y Avg
73.56%
5Y Avg
73.26%
Market Cap
$69.75B
EBITDA Margin
41.77%
TTM Avg
41.08%
3Y Avg
42.22%
5Y Avg
44.57%
Market Cap
$59.56B
EBITDA Margin
71.30%
TTM Avg
80.39%
3Y Avg
84.64%
5Y Avg
86.11%
| NAME | MARKET CAP | EBITDA MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Welltower Inc. (WELL) | $168.93B | 37.44% | 27.72% | 36.78% | 36.71% |
| Prologis, Inc. (PLD)vs › | $134.83B | 70.10% | 77.70% | 80.25% | 84.08% |
| Equinix, Inc. (EQIX)vs › | $100.57B | 42.27% | 40.21% | 40.26% | 40.66% |
| American Tower Corporation (AMT)vs › | $80.78B | 65.21% | 65.39% | 64.00% | 62.29% |
| Simon Property Group, Inc. (SPG)vs › | $74.38B | 73.19% | 73.92% | 73.56% | 73.26% |
| Digital Realty Trust, Inc. (DLR)vs › | $69.75B | 41.77% | 41.08% | 42.22% | 44.57% |
| Public Storage (PSA)vs › | $60.45B | 70.61% | 70.78% | 71.87% | 70.95% |
| Realty Income Corporation (O)vs › | $59.56B | 71.30% | 80.39% | 84.64% | 86.11% |
| Ventas, Inc. (VTR)vs › | $45.46B | 37.81% | 38.85% | 39.86% | 41.26% |
| CBRE Group, Inc. (CBRE)vs › | $42.51B | 5.08% | 5.50% | 5.85% | 6.21% |
Gross Margin
38.8%
EBITDA Margin
37.4%
Operating Margin
5.4%
Net Margin
10.7%
Formula: EBITDA Margin = (EBITDA / Revenue) × 100
Why EBITDA Margin matters:
EBITDA Margin = EBITDA / Revenue
EBITDA margin measures operating profitability before interest, taxes, depreciation, and amortization as a percentage of revenue.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
| DATE | EBITDA MARGIN |
|---|---|
| 2026-06-30 | 37.44% |
| 2026-03-31 | 36.02% |
| 2025-12-31 | -10.75% |
| 2025-09-30 | 38.08% |
| 2025-06-30 | 37.82% |
| 2025-03-31 | 36.77% |
| 2024-12-31 | 34.50% |
| 2024-09-30 | 36.37% |
| 2024-06-30 | 35.46% |
| 2024-03-31 | 37.83% |
| 2023-12-31 | 37.64% |
| 2023-09-30 | 36.39% |
| 2023-06-30 | 37.07% |
| 2023-03-31 | 36.01% |
| 2022-12-31 | 34.84% |
| 2022-09-30 | 36.08% |
| 2022-06-30 | 37.14% |
| 2022-03-31 | 36.29% |
| 2021-12-31 | 37.15% |
| 2021-09-30 | 38.60% |
| 2021-06-30 | 40.38% |
| 2021-03-31 | 38.34% |
| 2020-12-31 | 34.77% |
| 2020-09-30 | 35.49% |
| 2020-06-30 | 41.37% |
| 2020-03-31 | 42.50% |
| 2019-12-31 | 45.42% |
| 2019-09-30 | 45.86% |
| 2019-06-30 | 44.49% |
| 2019-03-31 | 43.16% |
| 2018-12-31 | 45.20% |
| 2018-09-30 | 44.74% |
| 2018-06-30 | 46.22% |
| 2018-03-31 | 46.50% |
| 2017-12-31 | 42.41% |
| 2017-09-30 | 49.38% |
| 2017-06-30 | 49.69% |
| 2017-03-31 | 49.17% |
| 2016-12-31 | 50.07% |
| 2016-09-30 | 52.78% |
| 2016-06-30 | 53.23% |
| 2016-03-31 | 52.64% |
| 2015-12-31 | 53.70% |
| 2015-09-30 | 54.73% |
| 2015-06-30 | 54.35% |
| 2015-03-31 | 53.87% |
| 2014-12-31 | 54.97% |
| 2014-09-30 | 54.69% |
| 2014-06-30 | 52.22% |
| 2014-03-31 | 53.53% |
| 2013-12-31 | 54.43% |
| 2013-09-30 | 52.89% |
| 2013-06-30 | 56.16% |
| 2013-03-31 | 56.57% |
| 2012-12-31 | 64.30% |
| 2012-09-30 | 59.62% |
| 2012-06-30 | 65.06% |
| 2012-03-31 | 65.10% |
| 2011-12-31 | 51.29% |
| 2011-09-30 | 69.03% |
| 2011-06-30 | 69.65% |
| 2011-03-31 | 70.23% |
| 2010-12-31 | 90.98% |
| 2010-09-30 | 69.04% |
| 2010-06-30 | 89.72% |
| 2010-03-31 | 84.19% |
| 2009-12-31 | 74.92% |
| 2009-09-30 | 87.96% |
| 2009-06-30 | 88.49% |
| 2009-03-31 | 84.27% |
| 2008-12-31 | 91.28% |
| 2008-09-30 | 89.97% |
| 2008-06-30 | 88.61% |
| 2008-03-31 | 87.14% |
| 2007-12-31 | 84.85% |
| 2007-09-30 | 86.56% |
| 2007-06-30 | 86.46% |
| 2007-03-31 | 84.54% |
| 2006-12-31 | 86.91% |
| 2006-09-30 | 94.34% |
| 2006-06-30 | 94.34% |
| 2006-03-31 | 92.76% |
| 2005-12-31 | 121.62% |
| 2005-09-30 | 95.92% |
| 2005-06-30 | 68.84% |
| 2005-03-31 | 96.44% |
| 2004-12-31 | 267.99% |
| 2004-09-30 | 94.80% |
| 2004-06-30 | 94.70% |
| 2004-03-31 | 95.59% |
| 2003-12-31 | 91.97% |
| 2003-09-30 | 95.17% |
| 2003-06-30 | 95.61% |
| 2003-03-31 | 96.44% |
| 2002-12-31 | 96.27% |
| 2002-09-30 | 96.77% |
