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

	Q1 '26	Q4 '25	Q3 '25	Q2 '25	Q1 '25
Profitability
Gross margin	60.8%-2.4pp	61.1%-2.2pp	61.6%-1.7pp	62.9%+0.3pp	63.2%+0.5pp
Operating margin	22.8%-14.7pp	33.5%+5.2pp	34.8%+6.6pp	36.6%+9.2pp	37.4%+9.8pp
Net margin	4.5%-13.0pp	12.8%+0.4pp	14%+1.2pp	16.3%+4.3pp	17.6%+5.5pp
EBITDA margin	52.2%-12.8pp	62.6%+7.0pp	63.4%+8.0pp	64.8%+10.2pp	65%+10.4pp
Free cash flow margin	21.1%-3.8pp	21.7%-8.2pp	21.2%-8.4pp	21.7%-9.6pp	24.9%-2.6pp
Returns
Return on equity	1.7%-5.0pp	4.8%0.0pp	5.2%+0.4pp	6.2%+1.8pp	6.7%+2.3pp
Return on assets	0.7%-2.0pp	1.8%0.0pp	1.9%+0.1pp	2.5%+0.7pp	2.7%+0.9pp
Return on invested capital	9.5%-6.1pp	16.1%+2.6pp	17.7%+3.6pp	15.4%+4.5pp	15.5%+4.8pp
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×+1.2×	-0.4×+1.6×	-0.4×0.0×	-0.4×-0.1×
Interest coverage	1.3×-0.9×	1.8×-0.2×	1.8×-0.1×	2.3×+0.3×	2.2×+0.4×
Per Share
Book value per share	$14.78-5.4%	$15.00-2.4%	$15.24-1.8%	$15.43-1.0%	$15.62-0.4%
Valuation
Market capitalization	$1.5B+21.0%	$1.16B-27.6%	$1.24B-23.6%	$1.22B-10.4%	$1.23B-7.7%
Enterprise value	$1.4B+25.4%	$1.05B-12.3%	$1.12B+0.7%	$1.1B-13.6%	$1.11B-12.0%
Price / earnings	75.4×+59.9×	20.8×-7.4×	20.2×-7.7×	16.6×-8.9×	15.4×-9.6×
Price / sales	3.4×+0.7×	2.7×-0.8×	2.8×-0.7×	2.7×-0.4×	2.7×-0.3×
Price / book	1.3×+0.3×	1×-0.4×	1.1×-0.3×	1×-0.1×	1×-0.1×
EV / EBITDA	6.1×+2.3×	3.8×-0.9×	4×-0.4×	3.7×-1.5×	3.7×-1.5×
EV / sales	3.2×+0.7×	2.4×-0.2×	2.6×+0.1×	2.4×-0.4×	2.4×-0.4×
Free cash flow yield	6.2%-3.0pp	8.2%-0.4pp	7.5%-0.8pp	8%-2.2pp	9.2%+0.1pp
Earnings yield	1.3%-5.1pp	4.8%+1.3pp	4.9%+1.4pp	6%+2.1pp	6.5%+2.5pp
Dividend yield	7%-1.4pp	9.1%+2.6pp	8.4%+2.1pp	8.5%+1.0pp	8.4%+0.8pp

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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.