SLG SL Green Realty margins

Relative Growth: Rel. Growth:

Relative Strength: Rel. Strength:

Relative Valuation: Rel. Valuation:

Relative Profitability: Rel. Profitability: 34

Gross margin

46.8%

Operating margin

13%

EBITDA margin

40.2%

Net margin

-12%

At present, SL Green Realty currently has a gross margin of 46.8%, an operating margin of 13%, an EBITDA margin of 40.2%, and a net margin of -12%; its net margin is negative at -12%. The main decline was in net margin, down 13.7 percentage points; the remaining margins remained unchanged.

SLG margin history

Gross, operating, EBITDA and net margin trends

SL Green Realty's margins averaged 47.61% gross, 11.68% operating, 30.6% EBITDA, and -17.55% net during the last 3 years. Against the three-year averages, operating, EBITDA, and net margins are above their three-year averages and gross margin is below its three-year average.

SLG margin expansion

Year-over-year margin changes in percentage points

Gross margin contracted by 1.7 percentage points, EBITDA margin by 12.7 percentage points, and net margin by 13.7 percentage points. Operating margin was unchanged.

Gross margin expansion

-1.7pp

Operating margin expansion

0pp

EBITDA margin expansion

-12.7pp

Net margin expansion

-13.7pp

SLG Gross margin

Reviewing the last 3 years, SL Green Realty recorded an average gross margin of 47.61%. SL Green Realty's current gross margin is 46.8% and is 0.8 percentage points below its three-year average. The highest gross margin for SL Green Realty was 49.5% in Mar 2025, while the lowest was 45.9% in Jun 2024.

SLG Operating margin

Across the last 3 years, SL Green Realty had an average operating margin of 11.68%. Against its three-year average, SL Green Realty's operating margin is currently 13%, 1.3 percentage points above its three-year average. Looking back over the last 3 years, SL Green Realty's operating margin reached 16.2% at its highest point in Mar 2025 and 5.1% at its lowest in Mar 2024.

SLG EBITDA margin

Looking back over the last 3 years, SL Green Realty recorded an average EBITDA margin of 30.6%. The current EBITDA margin of 40.2% is 9.6 percentage points above its three-year average. The highest EBITDA margin for SL Green Realty was 52.9% in Sep 2025, while the lowest was -16.6% in Dec 2023.

SLG Net margin

Reviewing the last 3 years, SL Green Realty recorded an average net margin of -17.55%. SL Green Realty's current net margin is -12% and is 5.6 percentage points above its three-year average. The highest net margin for SL Green Realty was 2.5% in Dec 2024, while the lowest was -61.8% in Dec 2023.

SLG margin group comparison

Margins compared with peer-group, industry and sector averages

SL Green Realty's gross margin of 46.8% is below the Real Estate sector and the industry average. Compared to its Real Estate sector average of 60.8%, SL Green Realty's gross margin is 23% lower.

SLG margin peer comparison

Compare margins with selected peers

Frequently asked questions

What is SL Green Realty's gross margin?

As of Sep 30, 2026, SLG has a gross margin of 46.8%.

What is SL Green Realty's operating margin?

For the period ending Sep 30, 2026, SLG recorded an operating margin of 13%.

What is SL Green Realty's EBITDA margin?

For the period ending Sep 30, 2026, SLG recorded an EBITDA margin of 40.2%.

What is SL Green Realty's net margin?

As of Sep 30, 2026, SLG has a negative net margin of -12%.

What are the average margins of SLG?

SL Green Realty's average margins over the last 3 years were 47.6% gross, 11.7% operating, 30.6% EBITDA, and -17.6% net.

What are the highest historical margins of SLG?

Over this 5-year history, SLG peaked at 58.9% gross in Jun 2022, 21.1% operating in Dec 2021, 92.1% EBITDA in Mar 2022, and 56.5% net in Mar 2022.

What are the lowest historical margins of SLG?

In the last 5 years, the lowest margins reported by SLG were 45.9% gross in Sep 2023, 5.1% operating in Mar 2024, -16.6% EBITDA in Dec 2023, and -61.8% net in Dec 2023.