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Asset Utilization RatioAssets AverageDebt RatioDebt to EquityEBIT MarginEBITDA MarginEBT MarginEnterprise ValueEquity AverageEquity RatioFCF MarginFCF Payout RatioInterest Coverage RatioInvested CapitalNet MarginOperating MarginReturn on AssetsReturn on EquityReturn on SalesTimes Interest Earned

Nnn Reit (NNN) Operating Margin (2016 - 2025)

Nnn Reit's Operating Margin history spans 17 years, with the latest figure at 62.32% for Q4 2025.

  • For Q4 2025, Operating Margin fell 347.0% year-over-year to 62.32%; the TTM value through Dec 2025 reached 63.64%, down 283.0%, while the annual FY2025 figure was 63.64%, 283.0% down from the prior year.
  • Operating Margin reached 62.32% in Q4 2025 per NNN's latest filing, down from 63.99% in the prior quarter.
  • In the past five years, Operating Margin ranged from a high of 71.99% in Q3 2023 to a low of 58.1% in Q2 2022.
  • Average Operating Margin over 5 years is 64.29%, with a median of 64.37% recorded in 2021.
  • Peak YoY movement for Operating Margin: surged 1166bps in 2021, then plummeted -631bps in 2024.
  • A 5-year view of Operating Margin shows it stood at 60.98% in 2021, then grew by 6bps to 64.63% in 2022, then dropped by 0bps to 64.6% in 2023, then grew by 2bps to 65.79% in 2024, then decreased by -5bps to 62.32% in 2025.
  • Per Business Quant, the three most recent readings for NNN's Operating Margin are 62.32% (Q4 2025), 63.99% (Q3 2025), and 66.05% (Q2 2025).