Nnn Reit annual operating margin
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2025
Nnn Reit Operating Margin Growth & History (NNN)
Nnn Reit's operating margin was 63.64% for fiscal 2025.
View full Nnn Reit company overviewNnn Reit annual operating margin history
| Fiscal year | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| 2025 | 2025-12-31 | 63.64% | −2.83 pp |
| 2024 | 2024-12-31 | 66.48% | −0.55 pp |
| 2023 | 2023-12-31 | 67.03% | +4.61 pp |
| 2022 | 2022-12-31 | 62.42% | +0.60 pp |
| 2021 | 2021-12-31 | 61.82% | +5.14 pp |
| 2020 | 2020-12-31 | 56.68% | −5.44 pp |
| 2019 | 2019-12-31 | 62.12% | −6.10 pp |
| 2018 | 2018-12-31 | 68.22% | +4.25 pp |
| 2017 | 2017-12-31 | 63.97% | +0.96 pp |
| 2016 | 2016-12-31 | 63.01% | +3.24 pp |
| 2015 | 2015-12-31 | 59.77% | −1.45 pp |
| 2014 | 2014-12-31 | 61.22% | +0.26 pp |
| 2013 | 2013-12-31 | 60.96% | −0.17 pp |
| 2012 | 2012-12-31 | 61.13% | −0.26 pp |
| 2011 | 2011-12-31 | 61.39% | +3.25 pp |
| 2010 | 2010-12-31 | 58.14% | +9.89 pp |
| 2009 | 2009-12-31 | 48.25% | −16.21 pp |
| 2008 | 2008-12-31 | 64.46% | — |
Nnn Reit quarterly operating margin
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| Fiscal quarter | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| Q2 2026 | 2026-06-30 | 61.97% | −0.34 pp |
| Q4 2025 | 2025-12-31 | 62.32% | −3.47 pp |
| Q3 2025 | 2025-09-30 | 63.99% | −1.69 pp |
| Q2 2025 | 2025-06-30 | 66.05% | −4.18 pp |
| Q1 2025 | 2025-03-31 | 62.31% | −1.90 pp |
| Q4 2024 | 2024-12-31 | 65.79% | +1.19 pp |
| Q3 2024 | 2024-09-30 | 65.68% | −6.31 pp |
| Q2 2024 | 2024-06-30 | 70.23% | +1.77 pp |
| Q1 2024 | 2024-03-31 | 64.21% | +1.00 pp |
| Q4 2023 | 2023-12-31 | 64.60% | −0.03 pp |
| Q3 2023 | 2023-09-30 | 71.99% | +7.20 pp |
| Q2 2023 | 2023-06-30 | 68.46% | +10.35 pp |
| Q1 2023 | 2023-03-31 | 63.21% | +1.18 pp |
| Q4 2022 | 2022-12-31 | 64.63% | +3.64 pp |
| Q3 2022 | 2022-09-30 | 64.79% | +0.26 pp |
| Q2 2022 | 2022-06-30 | 58.10% | −1.15 pp |
| Q1 2022 | 2022-03-31 | 62.03% | −0.51 pp |
| Q4 2021 | 2021-12-31 | 60.98% | +3.84 pp |
| Q3 2021 | 2021-09-30 | 64.53% | +9.11 pp |
| Q2 2021 | 2021-06-30 | 59.26% | +11.66 pp |
| Q1 2021 | 2021-03-31 | 62.54% | −3.35 pp |
| Q4 2020 | 2020-12-31 | 57.14% | −2.79 pp |
| Q3 2020 | 2020-09-30 | 55.42% | −1.60 pp |
| Q2 2020 | 2020-06-30 | 47.59% | −18.19 pp |
| Q1 2020 | 2020-03-31 | 65.90% | −0.11 pp |
| Q4 2019 | 2019-12-31 | 59.92% | +4.44 pp |
| Q3 2019 | 2019-09-30 | 57.02% | −13.18 pp |
| Q2 2019 | 2019-06-30 | 65.79% | +2.99 pp |
| Q1 2019 | 2019-03-31 | 66.01% | −18.96 pp |
| Q4 2018 | 2018-12-31 | 55.48% | −24.38 pp |
| Q3 2018 | 2018-09-30 | 70.20% | +11.92 pp |
| Q2 2018 | 2018-06-30 | 62.79% | +6.05 pp |
| Q1 2018 | 2018-03-31 | 84.97% | +24.52 pp |
| Q4 2017 | 2017-12-31 | 79.86% | −0.24 pp |
| Q3 2017 | 2017-09-30 | 58.28% | +5.79 pp |
| Q2 2017 | 2017-06-30 | 56.74% | −0.57 pp |
| Q1 2017 | 2017-03-31 | 60.45% | −0.58 pp |
| Q4 2016 | 2016-12-31 | 80.09% | +20.32 pp |
| Q3 2016 | 2016-09-30 | 52.49% | −9.28 pp |
| Q2 2016 | 2016-06-30 | 57.32% | −0.19 pp |
| Q1 2016 | 2016-03-31 | 61.03% | +1.08 pp |
| Q4 2015 | 2015-12-31 | 59.77% | −2.47 pp |
| Q3 2015 | 2015-09-30 | 61.77% | +0.45 pp |
| Q2 2015 | 2015-06-30 | 57.51% | −3.70 pp |
| Q1 2015 | 2015-03-31 | 59.95% | −0.06 pp |
| Q4 2014 | 2014-12-31 | 62.24% | +0.60 pp |
| Q3 2014 | 2014-09-30 | 61.32% | −0.62 pp |
| Q2 2014 | 2014-06-30 | 61.20% | −0.81 pp |
| Q1 2014 | 2014-03-31 | 60.01% | +1.97 pp |
| Q4 2013 | 2013-12-31 | 61.64% | +0.16 pp |
| Q3 2013 | 2013-09-30 | 61.93% | +0.99 pp |
| Q2 2013 | 2013-06-30 | 62.01% | +1.40 pp |
| Q1 2013 | 2013-03-31 | 58.04% | −3.42 pp |
| Q4 2012 | 2012-12-31 | 61.48% | +0.47 pp |
| Q3 2012 | 2012-09-30 | 60.94% | −0.92 pp |
| Q2 2012 | 2012-06-30 | 60.61% | −0.87 pp |
| Q1 2012 | 2012-03-31 | 61.47% | +0.26 pp |
| Q4 2011 | 2011-12-31 | 61.00% | +14.62 pp |
| Q3 2011 | 2011-09-30 | 61.86% | −2.60 pp |
| Q2 2011 | 2011-06-30 | 61.48% | −3.18 pp |
| Q1 2011 | 2011-03-31 | 61.21% | +4.89 pp |
| Q4 2010 | 2010-12-31 | 46.38% | −18.99 pp |
| Q3 2010 | 2010-09-30 | 64.47% | +0.77 pp |
| Q2 2010 | 2010-06-30 | 64.66% | — |
| Q1 2010 | 2010-03-31 | 56.32% | — |
| Q3 2009 | 2009-09-30 | 65.37% | — |
| Q2 2009 | 2009-06-30 | 63.70% | — |
Nnn Reit operating margin trends
Over the last five reported fiscal years, Nnn Reit's operating margin increased from 56.68% to 63.64%, a change of +6.96 percentage points. The latest reported quarter, Q2 2026, shows 61.97%.
About the metric
What operating margin means
Operating margin measures the percentage of revenue left after operating costs and expenses. It shows how much operating profit a company generates from each dollar of revenue.
Calculation and source
How operating margin is calculated
TickerStat calculates operating margin as SEC-reported operating income divided by SEC-reported revenue for the same fiscal period. Changes are shown in percentage points. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Nnn Reit filings at SEC.gov ↗