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 22.60% is 69% below its 5-year average of 73.09%, near the low end of its 5-year range (21.00%–75.30%).
57.61% below its 12-month average of 53.32%.
Reported quarterly gross margin; no daily interpolation. Q2 FY2026 (2026-06-30): 75.30%.
GROSS MARGIN
22.60%
GROSS MARGIN AVG TTM
53.32%
GROSS MARGIN AVG 3Y
73.32%
GROSS MARGIN AVG 5Y
73.09%
GROSS MARGIN AVG 10Y
72.45%
GROSS MARGIN AVG 15Y
70.76%
GROSS MARGIN AVG 20Y
69.98%
CURRENT VS TTM AVG
-57.61%
CURRENT VS 3Y AVG
-69.18%
CURRENT VS 5Y AVG
-69.08%
CURRENT VS 10Y AVG
-68.80%
CURRENT VS 15Y AVG
-68.06%
CURRENT VS 20Y AVG
-67.71%
SECTOR MEDIAN · REAL ESTATE
38.41%
median of 40 covered companies
CURRENT VS SECTOR MEDIAN
-41.16%
vs the sector median at left
First Industrial Realty Trust, Inc.
Market Cap
$8.19B
Gross Margin
22.60%
TTM Avg
53.32%
3Y Avg
73.32%
5Y Avg
73.09%
Market Cap
$8.17B
Gross Margin
87.73%
TTM Avg
87.80%
3Y Avg
87.76%
5Y Avg
87.69%
Market Cap
$9.29B
Gross Margin
69.46%
TTM Avg
69.56%
3Y Avg
69.63%
5Y Avg
70.15%
Market Cap
$6.99B
Gross Margin
75.84%
TTM Avg
75.10%
3Y Avg
75.20%
5Y Avg
74.87%
Market Cap
$9.58B
Gross Margin
9.73%
TTM Avg
38.58%
3Y Avg
52.97%
5Y Avg
57.31%
Market Cap
$9.96B
Gross Margin
61.41%
TTM Avg
61.30%
3Y Avg
61.88%
5Y Avg
61.30%
| NAME | MARKET CAP | GROSS MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| First Industrial Realty Trust, Inc. (FR) | $8.19B | 22.60% | 53.32% | 73.32% | 73.09% |
| Agree Realty Corporation (ADC)vs › | $8.17B | 87.73% | 87.80% | 87.76% | 87.69% |
| NNN REIT, Inc. (NNN)vs › | $7.90B | 38.00% | 67.14% | 81.86% | 86.54% |
| CubeSmart (CUBE)vs › | $8.96B | 17.42% | 46.47% | 58.95% | 62.46% |
| Alexandria Real Estate Equities, Inc. (ARE)vs › | $9.29B | 69.46% | 69.56% | 69.63% | 70.15% |
| Terreno Realty Corporation (TRNO)vs › | $6.99B | 75.84% | 75.10% | 75.20% | 74.87% |
| Federal Realty Investment Trust (FRT)vs › | $9.58B | 9.73% | 38.58% | 52.97% | 57.31% |
| Camden Property Trust (CPT)vs › | $9.96B | 61.41% | 61.30% | 61.88% | 61.30% |
| BXP, Inc. (BXP)vs › | $10.07B | 60.56% | 60.88% | 62.02% | 62.51% |
| UDR, Inc. (UDR)vs › | $10.89B | 25.59% | 25.27% | 24.12% | 21.91% |
Gross Margin
22.6%
(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 | 75.30% |
| 2026-03-31 | 21.08% |
| 2025-12-31 | 21.00% |
| 2025-09-30 | 74.54% |
| 2025-06-30 | 74.66% |
| 2025-03-31 | 72.62% |
| 2024-12-31 | 72.39% |
| 2024-09-30 | 73.18% |
| 2024-06-30 | 73.71% |
| 2024-03-31 | 70.99% |
| 2023-12-31 | 73.44% |
| 2023-09-30 | 72.45% |
| 2023-06-30 | 73.24% |
| 2023-03-31 | 71.25% |
| 2022-12-31 | 73.58% |
| 2022-09-30 | 74.17% |
| 2022-06-30 | 73.19% |
| 2022-03-31 | 71.78% |
| 2021-12-31 | 72.92% |
| 2021-09-30 | 72.42% |
| 2021-06-30 | 72.94% |
| 2021-03-31 | 71.39% |
| 2020-12-31 | 71.76% |
| 2020-09-30 | 73.84% |
| 2020-06-30 | 74.30% |
| 2020-03-31 | 73.64% |
| 2019-12-31 | 72.79% |
| 2019-09-30 | 73.34% |
| 2019-06-30 | 73.64% |
| 2019-03-31 | 71.11% |
| 2018-12-31 | 71.03% |
| 2018-09-30 | 71.55% |
| 2018-06-30 | 71.11% |
| 2018-03-31 | 70.52% |
| 2017-12-31 | 70.96% |
| 2017-09-30 | 71.35% |
| 2017-06-30 | 72.44% |
| 2017-03-31 | 70.75% |
| 2016-12-31 | 69.69% |
| 2016-09-30 | 70.44% |
| 2016-06-30 | 70.94% |
| 2016-03-31 | 69.58% |
| 2015-12-31 | 67.79% |
| 2015-09-30 | 69.52% |
| 2015-06-30 | 68.89% |
| 2015-03-31 | 66.91% |
| 2014-12-31 | 65.85% |
| 2014-09-30 | 68.43% |
| 2014-06-30 | 68.09% |
| 2014-03-31 | 65.04% |
| 2013-12-31 | 66.74% |
| 2013-09-30 | 68.27% |
| 2013-06-30 | 67.41% |
| 2013-03-31 | 66.94% |
| 2012-12-31 | 68.48% |
| 2012-09-30 | 67.94% |
| 2012-06-30 | 67.65% |
| 2012-03-31 | 66.52% |
| 2011-12-31 | 65.33% |
| 2011-09-30 | 66.87% |
| 2011-06-30 | 67.45% |
| 2011-03-31 | 64.88% |
| 2010-12-31 | 80.81% |
| 2010-09-30 | 66.41% |
| 2010-06-30 | 66.89% |
| 2010-03-31 | 63.35% |
| 2009-12-31 | 63.80% |
| 2009-09-30 | 58.22% |
| 2009-06-30 | 56.17% |
| 2009-03-31 | 54.47% |
| 2008-12-31 | 51.43% |
| 2008-09-30 | 46.94% |
| 2008-06-30 | 49.96% |
| 2008-03-31 | 48.59% |
| 2007-12-31 | 63.23% |
| 2007-09-30 | -162.24% |
| 2007-06-30 | -149.30% |
| 2007-03-31 | -157.75% |
| 2006-12-31 | 270.36% |
| 2006-09-30 | -130.50% |
| 2006-06-30 | -135.01% |
| 2006-03-31 | -145.82% |
| 2005-12-31 | 328.36% |
| 2005-09-30 | -162.49% |
| 2005-06-30 | -212.27% |
| 2005-03-31 | -190.01% |
| 2004-12-31 | 159.00% |
| 2004-09-30 | 84.00% |
| 2004-06-30 | -119.06% |
| 2004-03-31 | -175.42% |
| 2003-12-31 | 100.00% |
| 2003-09-30 | 14.16% |
| 2003-06-30 | 73.44% |
| 2003-03-31 | 100.00% |
| 2002-12-31 | 100.00% |
| 2002-09-30 | 100.00% |
