Basis: Trailing twelve months (TTM). Source: stored company filings and market data; unavailable inputs remain N/A.
Is the gross margin high or low?
The gross margin of 73.19% is in line with its 5-year average of 71.95%, around the middle of its 5-year range (68.69%–75.24%).
0.16% below its 12-month average of 73.31%.
Reported quarterly gross margin; no daily interpolation.
GROSS MARGIN
73.19%
GROSS MARGIN AVG TTM
73.31%
GROSS MARGIN AVG 3Y
73.06%
GROSS MARGIN AVG 5Y
71.95%
GROSS MARGIN AVG 10Y
71.21%
GROSS MARGIN AVG 15Y
72.05%
GROSS MARGIN AVG 20Y
72.88%
CURRENT VS TTM AVG
-0.16%
CURRENT VS 3Y AVG
+0.17%
CURRENT VS 5Y AVG
+1.72%
CURRENT VS 10Y AVG
+2.78%
CURRENT VS 15Y AVG
+1.59%
CURRENT VS 20Y AVG
+0.43%
SECTOR MEDIAN · REAL ESTATE
38.82%
median of 41 covered companies
CURRENT VS SECTOR MEDIAN
+88.54%
vs the sector median at left
American Tower Corporation
Market Cap
$81.54B
Gross Margin
73.19%
TTM Avg
73.31%
3Y Avg
73.06%
5Y Avg
71.95%
Market Cap
$69.88B
Gross Margin
55.39%
TTM Avg
55.02%
3Y Avg
54.90%
5Y Avg
56.77%
Market Cap
$67.40B
Gross Margin
84.11%
TTM Avg
84.11%
3Y Avg
82.78%
5Y Avg
82.15%
Market Cap
$56.55B
Gross Margin
89.80%
TTM Avg
91.32%
3Y Avg
92.03%
5Y Avg
92.56%
| NAME | MARKET CAP | GROSS MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| American Tower Corporation (AMT) | $81.54B | 73.19% | 73.31% | 73.06% | 71.95% |
| Digital Realty Trust, Inc. (DLR)vs › | $69.88B | 55.39% | 55.02% | 54.90% | 56.77% |
| Simon Property Group, Inc. (SPG)vs › | $67.40B | 84.11% | 84.11% | 82.78% | 82.15% |
| Equinix, Inc. (EQIX)vs › | $102.35B | 51.60% | 50.13% | 49.24% | 48.90% |
| Realty Income Corporation (O)vs › | $56.55B | 89.80% | 91.32% | 92.03% | 92.56% |
| Public Storage (PSA)vs › | $55.02B | 24.96% | 49.08% | 61.90% | 65.14% |
| Ventas, Inc. (VTR)vs › | $43.28B | -2.58% | 18.35% | 31.12% | 36.46% |
| CBRE Group, Inc. (CBRE)vs › | $41.36B | 17.66% | 17.30% | 18.95% | 19.71% |
| Prologis, Inc. (PLD)vs › | $126.86B | 59.60% | 67.26% | 71.05% | 71.94% |
| Iron Mountain Incorporated (IRM)vs › | $34.44B | 25.69% | 40.92% | 48.98% | 51.92% |
Gross Margin
73.2%
(Revenue - COGS) / Revenue
Gross Margin = Gross Profit / Revenue
Gross margin is the percentage of revenue remaining after the cost of goods sold, reflecting core product profitability.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
| DATE | GROSS MARGIN |
|---|---|
| 2026-06-30 | 73.03% |
| 2026-03-31 | 73.91% |
| 2025-12-31 | 70.70% |
| 2025-09-30 | 75.12% |
| 2025-06-30 | 73.78% |
| 2025-03-31 | 75.24% |
| 2024-12-31 | 74.31% |
| 2024-09-30 | 74.16% |
| 2024-06-30 | 71.66% |
| 2024-03-31 | 72.19% |
| 2023-12-31 | 70.88% |
| 2023-09-30 | 74.69% |
| 2023-06-30 | 70.15% |
| 2023-03-31 | 70.87% |
| 2022-12-31 | 70.24% |
| 2022-09-30 | 68.69% |
| 2022-06-30 | 69.23% |
| 2022-03-31 | 69.95% |
| 2021-12-31 | 69.92% |
| 2021-09-30 | 70.49% |
| 2021-06-30 | 71.82% |
| 2021-03-31 | 73.39% |
| 2020-12-31 | 73.16% |
| 2020-09-30 | 72.05% |
| 2020-06-30 | 71.77% |
| 2020-03-31 | 72.30% |
| 2019-12-31 | 71.40% |
| 2019-09-30 | 71.34% |
| 2019-06-30 | 70.19% |
| 2019-03-31 | 70.03% |
| 2018-12-31 | 74.63% |
| 2018-09-30 | 68.82% |
| 2018-06-30 | 68.54% |
| 2018-03-31 | 70.15% |
| 2017-12-31 | 69.12% |
| 2017-09-30 | 69.12% |
| 2017-06-30 | 68.94% |
| 2017-03-31 | 69.57% |
| 2016-12-31 | 68.34% |
| 2016-09-30 | 67.61% |
| 2016-06-30 | 68.12% |
| 2016-03-31 | 72.79% |
| 2015-12-31 | 72.20% |
| 2015-09-30 | 70.52% |
| 2015-06-30 | 72.58% |
| 2015-03-31 | 75.53% |
| 2014-12-31 | 73.57% |
| 2014-09-30 | 72.67% |
| 2014-06-30 | 73.65% |
| 2014-03-31 | 73.55% |
| 2013-12-31 | 73.33% |
| 2013-09-30 | 75.18% |
| 2013-06-30 | 74.62% |
| 2013-03-31 | 74.92% |
| 2012-12-31 | 74.78% |
| 2012-09-30 | 74.08% |
| 2012-06-30 | 75.29% |
| 2012-03-31 | 75.45% |
| 2011-12-31 | 71.14% |
| 2011-09-30 | 74.58% |
| 2011-06-30 | 74.70% |
| 2011-03-31 | 75.95% |
| 2010-12-31 | 75.72% |
| 2010-09-30 | 76.04% |
| 2010-06-30 | 76.12% |
| 2010-03-31 | 76.57% |
| 2009-12-31 | 76.00% |
| 2009-09-30 | 75.55% |
| 2009-06-30 | 75.77% |
| 2009-03-31 | 76.09% |
| 2008-12-31 | 75.86% |
| 2008-09-30 | 74.62% |
| 2008-06-30 | 75.40% |
| 2008-03-31 | 76.31% |
| 2007-12-31 | 75.27% |
| 2007-09-30 | 75.85% |
| 2007-06-30 | 74.88% |
| 2007-03-31 | 75.24% |
| 2006-12-31 | 73.75% |
| 2006-09-30 | 73.74% |
| 2006-06-30 | 73.69% |
| 2006-03-31 | 74.53% |
| 2005-12-31 | 66.71% |
| 2005-09-30 | 65.77% |
| 2005-06-30 | 66.65% |
| 2005-03-31 | 66.16% |
| 2004-12-31 | 84.64% |
| 2004-09-30 | 59.74% |
| 2004-06-30 | 58.68% |
| 2004-03-31 | 58.92% |
| 2003-12-31 | 56.39% |
| 2003-09-30 | 55.57% |
| 2003-06-30 | 55.88% |
| 2003-03-31 | 52.40% |
| 2002-12-31 | 826.51% |
| 2002-09-30 | 33.51% |
