American Healthcare REIT (AHR) Operating Margin (2016 - 2026)

American Healthcare REIT (AHR) posted Operating Margin of 84.35% for Q1 2026, up 1.71% on a QoQ basis from 85.81% in Q4 2025, and up 363.0% year-over-year from 18.22% in Q1 2025.

American Healthcare REIT (AHR) Operating Margin (2016 - 2026) Analysis & Trends

American Healthcare REIT's Operating Margin history runs 11 years deep, the most recent figure standing at 84.35% for Q1 2026.

  • Quarterly Operating Margin rose 363.0% year-over-year to 84.35% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 81.47% (up 2275.0% YoY) and the FY2025 annual result came in at 85.72%, up 511.0% from the prior year.
  • Operating Margin was 84.35% for Q1 2026 at American Healthcare REIT, up from 85.81% in the prior quarter.
  • Across five years, Operating Margin topped out at 71.92% in Q3 2025 and bottomed at 162.45% in Q4 2024.
  • A 5-year average of 96.9% and a median of 94.31% in 2023 frame the typical range for Operating Margin.
  • Annual changes were most pronounced in 2024 — Operating Margin slumped 6813 bps — and 2025, when it surged 7664 bps.
  • American Healthcare REIT's Operating Margin stood at 99.61% in 2022, then climbed by 5 bps to 94.31% in 2023, then tumbled by 72 bps to 162.45% in 2024, then jumped by 47 bps to 85.81% in 2025, then grew by 2 bps to 84.35% in 2026.
  • Business Quant data shows AHR's Operating Margin at 84.35% in Q1 2026, 85.81% in Q4 2025, and 71.92% in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Operating Margin (Qtr)
1 Welltower 172.91 Bn 168.34 Bn 1.30 Bn -51.02%
2 Ventas 46.62 Bn 46.50 Bn 1.65 Bn 1.55%
3 Healthpeak Properties 15.34 Bn 16.55 Bn - -
4 Omega Healthcare Investors 15.14 Bn 15.41 Bn - -
5 American Healthcare REIT 10.71 Bn 10.59 Bn 97.60 Mn -84.35%
6 CareTrust REIT 9.45 Bn 9.46 Bn - -
7 Healthcare Realty Trust 7.33 Bn 7.33 Bn - -
8 Sabra Health Care REIT 5.09 Bn 5.09 Bn - -
9 Diversified Healthcare Trust 4.51 Bn 4.39 Bn 295.29 Mn -20.72%
10 National Health Investors 3.86 Bn 3.87 Bn - -

Historic Data

Download Data
DateValue
Mar 31, 2026 -84.35%
Dec 31, 2025 -85.81%
Sep 30, 2025 -71.92%
Jun 30, 2025 -84.00%
Mar 31, 2025 -87.98%
Dec 31, 2024 -162.45%
Sep 30, 2024 -90.24%
Jun 30, 2024 -91.15%
Mar 31, 2024 -94.28%
Dec 31, 2023 -94.31%
Sep 30, 2023 -98.32%
Jun 30, 2023 -98.99%
Mar 31, 2023 -99.09%
Dec 31, 2022 -99.61%
Sep 30, 2022 -100.95%
Jun 30, 2022 -102.14%
Mar 31, 2022 -101.65%
Dec 31, 2021 -111.17%
Sep 30, 2021 -95.48%
Jun 30, 2021 -97.36%