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 5.40% is 64% below its 5-year average of 15.19%, near the high end of its 5-year range (-30.11%–18.77%).
31.08% below its 12-month average of 7.84%.
Reported quarterly operating margin; no daily interpolation.
OPERATING MARGIN
5.40%
OPERATING MARGIN AVG TTM
7.84%
OPERATING MARGIN AVG 3Y
15.69%
OPERATING MARGIN AVG 5Y
15.19%
OPERATING MARGIN AVG 10Y
19.33%
OPERATING MARGIN AVG 15Y
22.81%
OPERATING MARGIN AVG 20Y
30.45%
CURRENT VS TTM AVG
-31.08%
CURRENT VS 3Y AVG
-65.58%
CURRENT VS 5Y AVG
-64.46%
CURRENT VS 10Y AVG
-72.06%
CURRENT VS 15Y AVG
-76.33%
CURRENT VS 20Y AVG
-82.27%
SECTOR MEDIAN · REAL ESTATE
29.19%
median of 41 covered companies
CURRENT VS SECTOR MEDIAN
-81.50%
vs the sector median at left
Welltower Inc.
Market Cap
$172.00B
Operating Margin
5.40%
TTM Avg
7.84%
3Y Avg
15.69%
5Y Avg
15.19%
Market Cap
$129.31B
Operating Margin
38.43%
TTM Avg
47.03%
3Y Avg
49.58%
5Y Avg
52.24%
Market Cap
$103.82B
Operating Margin
21.76%
TTM Avg
17.57%
3Y Avg
17.32%
5Y Avg
17.25%
Market Cap
$82.78B
Operating Margin
44.40%
TTM Avg
45.23%
3Y Avg
37.52%
5Y Avg
36.57%
Market Cap
$70.82B
Operating Margin
17.87%
TTM Avg
9.63%
3Y Avg
10.35%
5Y Avg
11.89%
Market Cap
$68.27B
Operating Margin
48.12%
TTM Avg
50.88%
3Y Avg
50.05%
5Y Avg
48.36%
Market Cap
$57.09B
Operating Margin
29.19%
TTM Avg
36.16%
3Y Avg
38.42%
5Y Avg
41.26%
Market Cap
$56.34B
Operating Margin
48.30%
TTM Avg
46.80%
3Y Avg
49.20%
5Y Avg
49.19%
| NAME | MARKET CAP | OPERATING MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Welltower Inc. (WELL) | $172.00B | 5.40% | 7.84% | 15.69% | 15.19% |
| Prologis, Inc. (PLD)vs › | $129.31B | 38.43% | 47.03% | 49.58% | 52.24% |
| Equinix, Inc. (EQIX)vs › | $103.82B | 21.76% | 17.57% | 17.32% | 17.25% |
| American Tower Corporation (AMT)vs › | $82.78B | 44.40% | 45.23% | 37.52% | 36.57% |
| Digital Realty Trust, Inc. (DLR)vs › | $70.82B | 17.87% | 9.63% | 10.35% | 11.89% |
| Simon Property Group, Inc. (SPG)vs › | $68.27B | 48.12% | 50.88% | 50.05% | 48.36% |
| Realty Income Corporation (O)vs › | $57.09B | 29.19% | 36.16% | 38.42% | 41.26% |
| Public Storage (PSA)vs › | $56.34B | 48.30% | 46.80% | 49.20% | 49.19% |
| Ventas, Inc. (VTR)vs › | $44.16B | 12.94% | 14.00% | 12.24% | 12.59% |
| CBRE Group, Inc. (CBRE)vs › | $41.60B | 3.61% | 3.57% | 3.89% | 4.25% |
Gross Margin
38.8%
Operating Margin
5.4%
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 |
|---|---|
| 2026-06-30 | 16.62% |
| 2026-03-31 | 16.89% |
| 2025-12-31 | -30.11% |
| 2025-09-30 | 18.15% |
| 2025-06-30 | 17.62% |
| 2025-03-31 | 15.85% |
| 2024-12-31 | 12.67% |
| 2024-09-30 | 15.54% |
| 2024-06-30 | 13.31% |
| 2024-03-31 | 17.12% |
| 2023-12-31 | 14.80% |
| 2023-09-30 | 14.86% |
| 2023-06-30 | 14.81% |
| 2023-03-31 | 13.54% |
| 2022-12-31 | 11.69% |
| 2022-09-30 | 11.39% |
| 2022-06-30 | 14.73% |
| 2022-03-31 | 14.04% |
| 2021-12-31 | 14.92% |
| 2021-09-30 | 16.57% |
| 2021-06-30 | 18.77% |
| 2021-03-31 | 14.61% |
| 2020-12-31 | 12.76% |
| 2020-09-30 | 10.52% |
| 2020-06-30 | 18.64% |
| 2020-03-31 | 20.40% |
| 2019-12-31 | 24.29% |
| 2019-09-30 | 24.00% |
| 2019-06-30 | 25.37% |
| 2019-03-31 | 23.39% |
| 2018-12-31 | 25.08% |
| 2018-09-30 | 24.63% |
| 2018-06-30 | 24.55% |
| 2018-03-31 | 25.19% |
| 2017-12-31 | 20.35% |
| 2017-09-30 | 27.77% |
| 2017-06-30 | 27.93% |
| 2017-03-31 | 27.28% |
| 2016-12-31 | 28.46% |
| 2016-09-30 | 32.30% |
| 2016-06-30 | 31.69% |
| 2016-03-31 | 30.58% |
| 2015-12-31 | 31.69% |
| 2015-09-30 | 33.32% |
| 2015-06-30 | 32.24% |
| 2015-03-31 | 32.47% |
| 2014-12-31 | 32.18% |
| 2014-09-30 | 30.62% |
| 2014-06-30 | 26.03% |
| 2014-03-31 | 24.17% |
| 2013-12-31 | 22.94% |
| 2013-09-30 | 21.81% |
| 2013-06-30 | 26.21% |
| 2013-03-31 | 26.13% |
| 2012-12-31 | 33.22% |
| 2012-09-30 | 29.87% |
| 2012-06-30 | 33.83% |
| 2012-03-31 | 33.35% |
| 2011-12-31 | 19.73% |
| 2011-09-30 | 36.73% |
| 2011-06-30 | 38.64% |
| 2011-03-31 | 38.04% |
| 2010-12-31 | 56.60% |
| 2010-09-30 | 34.99% |
| 2010-06-30 | 55.85% |
| 2010-03-31 | 51.86% |
| 2009-12-31 | 42.07% |
| 2009-09-30 | 55.97% |
| 2009-06-30 | 56.55% |
| 2009-03-31 | 51.93% |
| 2008-12-31 | 59.60% |
| 2008-09-30 | 56.23% |
| 2008-06-30 | 56.10% |
| 2008-03-31 | 53.10% |
| 2007-12-31 | 54.37% |
| 2007-09-30 | 51.16% |
| 2007-06-30 | 52.88% |
| 2007-03-31 | 53.83% |
| 2006-12-31 | 59.83% |
| 2006-09-30 | 63.20% |
| 2006-06-30 | 63.36% |
| 2006-03-31 | 62.16% |
| 2005-12-31 | 92.03% |
| 2005-09-30 | 63.68% |
| 2005-06-30 | 34.14% |
| 2005-03-31 | 63.56% |
| 2004-12-31 | 36.64% |
| 2004-09-30 | 62.58% |
| 2004-06-30 | 62.82% |
| 2004-03-31 | 64.99% |
| 2003-12-31 | 63.86% |
| 2003-09-30 | 66.26% |
| 2003-06-30 | 67.51% |
| 2003-03-31 | 67.34% |
| 2002-12-31 | 68.19% |
| 2002-09-30 | 68.70% |
