NewLake Capital Partners (NLCP) Gross Margin (2024 - 2026)

NewLake Capital Partners' (NLCP) quarterly Gross Margin came in at 98.03% in Q1 2026, down 197.0% year-on-year from 101.06% in Q1 2025, and little changed quarter-over-quarter from 97.88% in Q4 2025.

NewLake Capital Partners (NLCP) Gross Margin (2024 - 2026) Analysis & Trends

NewLake Capital Partners' Gross Margin history runs 3 years deep, the most recent figure standing at 98.03% for Q1 2026.

  • On a quarterly basis, Gross Margin fell 197.0% year-over-year to 98.03% in Q1 2026; TTM through Mar 2026 was 98.71%, a 129.0% decrease from a year earlier, with the FY2025 full-year figure at 99.23%, down 77.0% from the prior year.
  • Gross Margin held at 98.03% in Q1 2026 per NLCP's latest filing, from 97.88% in the prior quarter.
  • Across five years, Gross Margin topped out at 100.0% in Q2 2024 and bottomed at 97.88% in Q4 2025.
  • The 3-year median for Gross Margin is 99.98% (2024), against an average of 99.34%.
  • Biggest YoY gain for Gross Margin was 4 bps in 2025; the steepest drop was 212 bps in 2025.
  • Year by year, Gross Margin stood at 100.0% in 2024, then declined by 2 bps to 97.88% in 2025, then increased by 0 bps to 98.03% in 2026.
  • Per Business Quant, the three latest NLCP Gross Margin figures stand at 98.03% (Q1 2026), 97.88% (Q4 2025), and 98.82% (Q3 2025).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Gross Margin (Qtr)
1 Equinix 103.77 Bn 100.72 Bn 1.26 Bn 51.47%
2 American Tower 78.03 Bn 77.90 Bn 2.70 Bn 98.59%
3 Digital Realty Trust 66.79 Bn 64.36 Bn - -
4 Iron Mountain 37.52 Bn 37.26 Bn 1.05 Bn 54.04%
5 Crown Castle 32.60 Bn 32.54 Bn 23.00 Mn 46.94%
6 Sba Communications 18.34 Bn 18.34 Bn 532.10 Mn 75.64%
7 Weyerhaeuser 17.44 Bn 17.14 Bn 318.00 Mn 18.41%
8 Lamar Advertising 16.40 Bn 16.36 Bn 344.69 Mn 65.28%
9 Gaming & Leisure Properties 12.88 Bn 12.88 Bn - -
10 NewLake Capital Partners 327.86 Mn 303.09 Mn 11.53 Mn 98.03%

Historic Data

Download Data
DateValue
Mar 31, 2026 98.03%
Dec 31, 2025 97.88%
Sep 30, 2025 98.82%
Jun 30, 2025 99.96%
Mar 31, 2025 100.00%
Dec 31, 2024 100.00%
Sep 30, 2024 100.00%
Jun 30, 2024 100.00%