What are American Assets Trust's profit margins?

American Assets Trust (AAT) runs a 60.8% gross margin and a 22.8% operating margin, with a 4.5% net margin.

Where do American Assets Trust's ratios come from?

Every ratio is computed from American Assets Trust's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.

American Assets Trust AAT Ratios & Valuation

Income Statement Balance Sheet Cash Flow Ratios Segments

Quarterly Annual TTM

YoY QoQ

Simplified Detailed

	TTM Q1 '26	TTM Q4 '25	TTM Q3 '25	TTM Q2 '25	TTM Q1 '25
Profitability
Gross margin	60.8%-0.4pp	61.1%-0.5pp	61.6%-1.3pp	62.9%-0.2pp	63.2%-0.2pp
Operating margin	22.8%-10.7pp	33.5%-1.3pp	34.8%-1.9pp	36.6%-0.8pp	37.4%+9.2pp
Net margin	4.5%-8.2pp	12.8%-1.2pp	14%-2.3pp	16.3%-1.3pp	17.6%+5.2pp
EBITDA margin	52.2%-10.4pp	62.6%-0.8pp	63.4%-1.4pp	64.8%-0.2pp	65%+9.4pp
Free cash flow margin	21.1%-0.6pp	21.7%+0.5pp	21.2%-0.5pp	21.7%-3.2pp	24.9%-5.0pp
Returns
Return on equity	1.7%-3.1pp	4.8%-0.4pp	5.2%-1.0pp	6.2%-0.5pp	6.7%+1.9pp
Return on assets	0.7%-1.1pp	1.8%-0.1pp	1.9%-0.5pp	2.5%-0.2pp	2.7%+0.9pp
Return on invested capital	9.5%-6.7pp	16.1%-1.6pp	17.7%+2.4pp	15.4%-0.2pp	15.5%+2.0pp
Efficiency
Asset turnover	0.1×0.0×	0.1×0.0×	0.1×0.0×	0.2×0.0×	0.2×0.0×
Leverage
Debt-to-equity	0×0.0×	0×0.0×	0×0.0×	0×0.0×	0×0.0×
Debt-to-assets	0×0.0×	0×0.0×	0×0.0×	0×0.0×	0×0.0×
Net debt / EBITDA	-0.4×0.0×	-0.4×0.0×	-0.4×0.0×	-0.4×0.0×	-0.4×+1.2×
Interest coverage	1.3×-0.5×	1.8×0.0×	1.8×-0.4×	2.3×0.0×	2.2×+0.2×
Per Share
Book value per share	$14.78-1.4%	$15.00-1.6%	$15.24-1.3%	$15.43-1.2%	$15.62+1.6%
Valuation
Market capitalization	$1.5B+22.0%	$1.16B-6.8%	$1.24B+1.7%	$1.22B-0.8%	$1.23B-23.0%
Enterprise value	$1.4B+26.5%	$1.05B-6.8%	$1.12B+2.4%	$1.1B-0.9%	$1.11B-7.3%
Price / earnings	75.4×+60.0×	20.8×+0.6×	20.2×+3.6×	16.6×+1.2×	15.4×-12.8×
Price / sales	3.4×+0.7×	2.7×-0.2×	2.8×+0.1×	2.7×0.0×	2.7×-0.8×
Price / book	1.3×+0.3×	1×-0.1×	1.1×0.0×	1×0.0×	1×-0.3×
EV / EBITDA	6.2×+2.4×	3.8×-0.2×	4×+0.3×	3.7×0.0×	3.7×-1.0×
EV / sales	3.2×+0.8×	2.4×-0.2×	2.6×+0.1×	2.4×0.0×	2.4×-0.2×
Free cash flow yield	6.1%-3.0pp	8.2%+0.7pp	7.5%-0.5pp	8%-1.2pp	9.2%+0.7pp
Earnings yield	1.3%-5.2pp	4.8%-0.1pp	4.9%-1.1pp	6%-0.5pp	6.5%+3.0pp
Dividend yield	7%-1.4pp	9.1%+0.7pp	8.4%-0.1pp	8.5%+0.1pp	8.4%+2.0pp

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Questions, answered.

What are American Assets Trust's profit margins?: American Assets Trust (AAT) runs a 60.8% gross margin and a 22.8% operating margin, with a 4.5% net margin.
Where do American Assets Trust's ratios come from?: Every ratio is computed from American Assets Trust's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.