Basis: Latest reported fiscal quarter. Source: stored company filings and market data; unavailable inputs remain N/A.
Is the gross margin high or low?
The gross margin of 61.38% is in line with its 5-year average of 59.98%, near the high end of its 5-year range (-1.80%–66.93%).
As of the fiscal period ended Tuesday, June 30, 2026. 24.06% above its 12-month average of 49.48%.
Reported quarterly gross margin; no daily interpolation.
GROSS MARGIN
61.38%
GROSS MARGIN AVG TTM
49.48%
GROSS MARGIN AVG 3Y
63.11%
GROSS MARGIN AVG 5Y
63.07%
GROSS MARGIN AVG 10Y
64.35%
GROSS MARGIN AVG 15Y
64.81%
GROSS MARGIN AVG 20Y
64.42%
CURRENT VS TTM AVG
+24.06%
CURRENT VS 3Y AVG
-2.73%
CURRENT VS 5Y AVG
-2.67%
CURRENT VS 10Y AVG
-4.61%
CURRENT VS 15Y AVG
-5.29%
CURRENT VS 20Y AVG
-4.71%
SECTOR MEDIAN · REAL ESTATE
40.22%
median of 40 covered companies
CURRENT VS SECTOR MEDIAN
+52.64%
vs the sector median at left
Equity Residential
Market Cap
$25.15B
Gross Margin
61.38%
TTM Avg
49.48%
3Y Avg
63.11%
5Y Avg
63.07%
Market Cap
$26.78B
Gross Margin
66.99%
TTM Avg
65.07%
3Y Avg
64.75%
5Y Avg
64.34%
Market Cap
$29.44B
Gross Margin
99.39%
TTM Avg
99.22%
3Y Avg
99.21%
5Y Avg
98.79%
Market Cap
$19.52B
Gross Margin
41.61%
TTM Avg
59.46%
3Y Avg
67.28%
5Y Avg
70.11%
Market Cap
$31.59B
Gross Margin
23.00%
TTM Avg
52.37%
3Y Avg
65.12%
5Y Avg
68.48%
Market Cap
$18.51B
Gross Margin
69.38%
TTM Avg
68.44%
3Y Avg
68.51%
5Y Avg
73.96%
Market Cap
$18.44B
Gross Margin
13.24%
TTM Avg
12.95%
3Y Avg
20.84%
5Y Avg
25.20%
Market Cap
$18.04B
Gross Margin
3.69%
TTM Avg
31.36%
3Y Avg
45.88%
5Y Avg
50.67%
| NAME | MARKET CAP | GROSS MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Equity Residential (EQR) | $25.15B | 61.38% | 49.48% | 63.11% | 63.07% |
| AvalonBay Communities, Inc. (AVB)vs › | $26.78B | 66.99% | 65.07% | 64.75% | 64.34% |
| VICI Properties Inc. (VICI)vs › | $29.44B | 99.39% | 99.22% | 99.21% | 98.79% |
| SBA Communications Corporation (SBAC)vs › | $19.52B | 41.61% | 59.46% | 67.28% | 70.11% |
| Extra Space Storage Inc. (EXR)vs › | $31.59B | 23.00% | 52.37% | 65.12% | 68.48% |
| Essex Property Trust, Inc. (ESS)vs › | $18.51B | 69.38% | 68.44% | 68.51% | 73.96% |
| Weyerhaeuser Company (WY)vs › | $18.44B | 13.24% | 12.95% | 20.84% | 25.20% |
| Invitation Homes Inc. (INVH)vs › | $18.04B | 3.69% | 31.36% | 45.88% | 50.67% |
| Crown Castle Inc. (CCI)vs › | $33.03B | 63.19% | 68.97% | 70.00% | 69.14% |
| Kimco Realty Corporation (KIM)vs › | $16.50B | 54.85% | 61.68% | 65.35% | 66.39% |
Gross Margin
61.4%
(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 | 61.38% |
| 2026-03-31 | 61.30% |
| 2025-12-31 | -1.80% |
| 2025-09-30 | 63.38% |
| 2025-06-30 | 63.14% |
| 2025-03-31 | 61.68% |
| 2024-12-31 | 63.82% |
| 2024-09-30 | 63.57% |
| 2024-06-30 | 63.83% |
| 2024-03-31 | 61.82% |
| 2023-12-31 | 65.34% |
| 2023-09-30 | 64.08% |
| 2023-06-30 | 63.96% |
| 2023-03-31 | 60.90% |
| 2022-12-31 | 66.93% |
| 2022-09-30 | 64.01% |
| 2022-06-30 | 64.37% |
| 2022-03-31 | 60.77% |
| 2021-12-31 | 63.51% |
| 2021-09-30 | 61.95% |
| 2021-06-30 | 61.61% |
| 2021-03-31 | 58.73% |
| 2020-12-31 | 63.57% |
| 2020-09-30 | 63.28% |
| 2020-06-30 | 65.86% |
| 2020-03-31 | 64.64% |
| 2019-12-31 | 66.85% |
| 2019-09-30 | 67.24% |
| 2019-06-30 | 66.49% |
| 2019-03-31 | 64.84% |
| 2018-12-31 | 66.42% |
| 2018-09-30 | 66.28% |
| 2018-06-30 | 66.13% |
| 2018-03-31 | 64.68% |
| 2017-12-31 | 68.04% |
| 2017-09-30 | 66.41% |
| 2017-06-30 | 65.97% |
| 2017-03-31 | 65.80% |
| 2016-12-31 | 68.03% |
| 2016-09-30 | 66.16% |
| 2016-06-30 | 67.28% |
| 2016-03-31 | 65.62% |
| 2015-12-31 | 68.56% |
| 2015-09-30 | 67.34% |
| 2015-06-30 | 67.18% |
| 2015-03-31 | 64.92% |
| 2014-12-31 | 68.20% |
| 2014-09-30 | 66.82% |
| 2014-06-30 | 66.23% |
| 2014-03-31 | 63.46% |
| 2013-12-31 | 65.97% |
| 2013-09-30 | 65.68% |
| 2013-06-30 | 65.35% |
| 2013-03-31 | 62.80% |
| 2012-12-31 | 66.17% |
| 2012-09-30 | 64.72% |
| 2012-06-30 | 64.63% |
| 2012-03-31 | 63.41% |
| 2011-12-31 | 65.43% |
| 2011-09-30 | 61.46% |
| 2011-06-30 | 71.93% |
| 2011-03-31 | 63.97% |
| 2010-12-31 | 60.75% |
| 2010-09-30 | 60.31% |
| 2010-06-30 | 53.45% |
| 2010-03-31 | 53.38% |
| 2009-12-31 | 60.79% |
| 2009-09-30 | 59.95% |
| 2009-06-30 | 61.52% |
| 2009-03-31 | 59.13% |
| 2008-12-31 | 54.65% |
| 2008-09-30 | 89.74% |
| 2008-06-30 | 89.80% |
| 2008-03-31 | 41.43% |
| 2007-12-31 | 63.94% |
| 2007-09-30 | 98.99% |
| 2007-06-30 | 101.40% |
| 2007-03-31 | 102.81% |
| 2006-12-31 | 90.16% |
| 2006-09-30 | 89.97% |
| 2006-06-30 | 89.97% |
| 2006-03-31 | 109.92% |
| 2005-12-31 | 54.45% |
| 2005-09-30 | 88.16% |
| 2005-06-30 | 88.46% |
| 2005-03-31 | 89.02% |
| 2004-12-31 | 89.01% |
| 2004-09-30 | 118.42% |
| 2004-06-30 | 121.11% |
| 2004-03-31 | 122.65% |
| 2003-12-31 | 52.99% |
| 2003-09-30 | 89.43% |
| 2003-06-30 | 120.94% |
| 2003-03-31 | 112.87% |
| 2002-12-31 | 57.70% |
| 2002-09-30 | 119.67% |
