DOC Healthpeak OP LLC margins

Relative Growth: Rel. Growth:

Relative Strength: Rel. Strength:

Relative Valuation: Rel. Valuation:

Relative Profitability: Rel. Profitability: 68

Gross margin

56.8%

Operating margin

15.2%

EBITDA margin

58.9%

Net margin

12.3%

The Healthpeak OP LLC shows a gross margin of 56.8%, an operating margin of 15.2%, an EBITDA margin of 58.9%, and a net margin of 12.3%. Across the available margins, EBITDA margin advanced the most and gross margin weakened the most, by 14 and 3.3 percentage points respectively.

DOC margin history

Gross, operating, EBITDA and net margin trends

Over the last 3 years, Healthpeak OP LLC's margins averaged 59.37% gross, 15.7% operating, 54.77% EBITDA, and 8.4% net. For Healthpeak OP LLC, EBITDA and net margins are above their three-year averages, while gross and operating margins are below their three-year averages.

DOC margin expansion

Year-over-year margin changes in percentage points

The largest positive change was in EBITDA margin, up 14 percentage points. Net margin also expanded by 13.7 percentage points, while gross margin contracted by 3.3 percentage points and operating margin by 2 percentage points.

Gross margin expansion

-3.3pp

Operating margin expansion

-2pp

EBITDA margin expansion

14pp

Net margin expansion

13.7pp

DOC Gross margin

Healthpeak OP LLC's gross margin averaged 59.37% across the past 3 years. Healthpeak OP LLC's current gross margin is 56.8% and is 2.6 percentage points below its three-year average. Over the last 3 years, Healthpeak OP LLC's gross margin peaked at 60.5% in Mar 2025 and reached a low of 56.8% in Sep 2026.

DOC Operating margin

Over the last 3 years, Healthpeak OP LLC's operating margin averaged 15.7%. The current operating margin of 15.2% is 0.5 percentage points below its three-year average. During this period, operating margin reached a high of 19.3% in Dec 2023 and a low of 11.7% in Dec 2024.

DOC EBITDA margin

Healthpeak OP LLC recorded an average EBITDA margin of 54.77% across the last 3 years. The latest EBITDA margin for Healthpeak OP LLC is 58.9%, 4.1 percentage points above its three-year average. EBITDA margin was highest at 59.6% in Sep 2024 and lowest at 44.9% in Sep 2025.

DOC Net margin

The average net margin for Healthpeak OP LLC was 8.4% across the past 3 years. At present, the current net margin for Healthpeak OP LLC is 12.3%, 3.9 percentage points above its three-year average. The net margin for Healthpeak OP LLC moved between -1.4% in Sep 2025 and 14% in Dec 2023.

DOC margin group comparison

Margins compared with peer-group, industry and sector averages

With a gross margin of 56.8%, DOC stands lower than the Real Estate sector, the industry and its peers average. Looking at the Real Estate sector average of 60.8%, Healthpeak OP LLC's gross margin is 7% lower.

DOC margin peer comparison

Compare margins with selected peers

Frequently asked questions

What is Healthpeak OP LLC's gross margin?

As of Sep 30, 2026, DOC has a gross margin of 56.8%.

What is Healthpeak OP LLC's operating margin?

As of Sep 30, 2026, DOC has an operating margin of 15.2%.

What is Healthpeak OP LLC's EBITDA margin?

The current EBITDA margin for DOC is 58.9% as of Sep 30, 2026.

What is Healthpeak OP LLC's net margin?

The current net margin for DOC is 12.3% as of Sep 30, 2026.

What are the average margins of DOC?

Across the last 3 years, DOC averaged 59.4% gross, 15.7% operating, 54.8% EBITDA, and 8.4% net.

What are the highest historical margins of DOC?

Healthpeak OP LLC's highest recorded margins during the past 5 years were 60.5% gross in Mar 2025, 19.3% operating in Dec 2023, 70.9% EBITDA in Dec 2021, and 26.7% net in Dec 2021.

What are the lowest historical margins of DOC?

In the last 5 years, the lowest margins reported by DOC were 56.8% gross in Sep 2026, 11.7% operating in Dec 2024, 44.9% EBITDA in Sep 2025, and -1.4% net in Sep 2025.