What is the current annual gross margin of DOC?

As of today, DOC annual gross margin is 22.48%

What is 1-year change in DOC annual gross margin?

DOC annual gross margin is up +6.79% year-over-year

What is 3-year change in DOC annual gross margin?

DOC annual gross margin is down -4.99% over the past 3 years

How far is DOC annual gross margin from its all-time high?

DOC annual gross margin is currently -71.38% below its historical high of 78.56% set on December 1, 1998

How does DOC annual gross margin rank versus sector peers?

DOC annual gross margin is higher than 27.95% of companies in Real Estate sector

When is DOC next annual earnings release?

The next annual earnings release for DOC is on February 1, 2027

What is the current quarterly gross margin of DOC?

As of today, DOC quarterly gross margin is 17.37%

What is DOC quarterly gross margin most recent change?

DOC quarterly gross margin was down -13.58% on September 30, 2026

What is 1-year change in DOC quarterly gross margin?

DOC quarterly gross margin is down -19.13% year-over-year

How far is DOC quarterly gross margin from its all-time high?

DOC quarterly gross margin is currently -82.21% below its historical high of 97.64% set on June 1, 1994

How does DOC quarterly gross margin rank versus sector peers?

DOC quarterly gross margin is higher than 21.01% of companies in Real Estate sector

When is DOC next earnings release?

The next earnings release for DOC is on February 1, 2027

DOC Gross Margin History & Chart Since 1985

Annual Gross Margin

22.48%1.43%+6.79%

December 31, 2025

Summary

Current Value: As of today, DOC annual gross margin is 22.48%, up +6.79% on December 31, 2025
Historical Performance: DOC annual gross margin is down -4.99% over the past 3 years, up +19.89% over the past 5 years
All-Time High Comparison: DOC annual gross margin is currently -71.38% below its historical high of 78.56% set on December 1, 1998
3-Year Low Comparison: DOC annual gross margin is +6.79% above its 3-year low of 21.05% reached on December 31, 2024
Sector Comparison: DOC annual gross margin is higher than 27.95% of companies in Real Estate sector

Gross Margin Chart

beforeafter

Performance

DOC Performance
Metric	Date	Value	1Y	3Y	5Y	15Y
Annual Gross Margin	Dec 31, 25	22.48%	+6.8%	-5.0%	+19.9%	-61.8%
Quarterly Gross Margin	Sep 30, 26	17.37%	-19.1%	-30.5%	-18.1%	-74.1%
Price	Nov 6, 26	$20.26	+15.4%	+73.9%	+7.6%	–
PE Ratio	Nov 6, 26	37.30	–	+37.5%	–	–
Annual Revenue	Dec 31, 25	$2.82B	+4.5%	+36.9%	+71.6%	+122.3%
Annual Gross Profit	Dec 31, 25	$634.55M	+11.6%	+30.1%	+105.8%	-15.1%
Annual Operating Margin	Dec 31, 25	19.31%	+13.1%	+13.9%	+84.4%	-63.1%
Annual Net Margin	Dec 31, 25	3.55%	-64.0%	-85.7%	-90.6%	-85.9%

Gross Margin Highs

DOC Annual Gross Margin Highs Comparison
Period	High	Date	Current
3Y	24.26%	Dec 31, 23	-7.3%
5Y	24.26%	Dec 31, 23	-7.3%
All	78.56%	Dec 1, 98	-71.4%

Gross Margin Lows

DOC Annual Gross Margin Lows Comparison
Period	Low	Date	Current
3Y	21.05%	Dec 31, 24	+6.8%
5Y	18.75%	N/A	+19.9%
All	0.00%	Dec 1, 85	N/A

Gross Margin History

Year	Value	Change
2025	22.48%	+6.8%
2024	21.05%	-13.2%
2023	24.26%	+2.5%
2022	23.66%	+2.3%
2021	23.13%	+23.4%
2020	18.75%	-41.8%
2019	32.24%	+0.5%
2018	32.08%	-8.4%
2017	35.04%	-9.4%
2016	38.66%	-9.1%
2015	42.53%	-32.2%
2014	62.76%	-4.6%
2013	65.82%	-0.6%
2012	66.21%	-0.6%
2011	66.58%	+13.1%
2010	58.87%	+3.1%
2009	57.12%	+1.9%
2008	56.08%	-1.2%
2007	56.76%	-8.4%
2006	61.94%	-2.5%
2005	63.54%	-8.5%

Year	Value	Change
2004	69.43%	-1.3%
2003	70.35%	+0.7%
2002	69.84%	+0.1%
2001	69.75%	-0.9%
2000	70.41%	-2.2%
1999	71.96%	-8.4%
1998	78.56%	>+9,900.0%
1997	0.00%	0.0%
1996	0.00%	0.0%
1995	0.00%	0.0%
1994	0.00%	0.0%
1993	0.00%	0.0%
1992	0.00%	0.0%
1991	0.00%	0.0%
1990	0.00%	0.0%
1989	0.00%	0.0%
1988	0.00%	0.0%
1987	0.00%	0.0%
1986	0.00%	0.0%
1985	0.00%	-

FAQ

What is the current annual gross margin of DOC?: As of today, DOC annual gross margin is 22.48%
What is 1-year change in DOC annual gross margin?: DOC annual gross margin is up +6.79% year-over-year
What is 3-year change in DOC annual gross margin?: DOC annual gross margin is down -4.99% over the past 3 years
How far is DOC annual gross margin from its all-time high?: DOC annual gross margin is currently -71.38% below its historical high of 78.56% set on December 1, 1998
How does DOC annual gross margin rank versus sector peers?: DOC annual gross margin is higher than 27.95% of companies in Real Estate sector
When is DOC next annual earnings release?: The next annual earnings release for DOC is on February 1, 2027

Gross Margin Formula

Gross Margin = Gross Profit

Revenue × 100%

Quarterly Gross Margin

17.37%2.73%-13.58%

September 30, 2026

Summary

Current Value: As of today, DOC quarterly gross margin is 17.37%, down -13.58% on September 30, 2026
Historical Performance: DOC quarterly gross margin is down -19.13% year-over-year, down -30.46% over the past 3 years
All-Time High Comparison: DOC quarterly gross margin is currently -82.21% below its historical high of 97.64% set on June 1, 1994
3-Year Low Comparison: DOC quarterly gross margin is at its 3-year low
Sector Comparison: DOC quarterly gross margin is higher than 21.01% of companies in Real Estate sector

Performance

DOC Performance
Metric	Date	Value	3M	1Y	3Y	5Y
Quarterly Gross Margin	Sep 30, 26	17.37%	-13.6%	-19.1%	-30.5%	-18.1%
Annual Gross Margin	Dec 31, 25	22.48%	–	+6.8%	-5.0%	+19.9%
Price	Nov 6, 26	$20.26	-4.0%	+15.4%	+73.9%	+7.6%
PE Ratio	Nov 6, 26	37.30	-38.2%	–	+37.5%	–
Quarterly Revenue	Sep 30, 26	$820.89M	+6.4%	+16.3%	+47.6%	+70.5%
Quarterly Gross Profit	Sep 30, 26	$142.58M	-8.1%	-6.0%	+2.6%	+39.6%
Quarterly Operating Margin	Sep 30, 26	14.52%	-16.4%	-22.2%	-30.6%	-11.0%
Quarterly Net Margin	Sep 30, 26	4.45%	-45.6%	+128.6%	-63.9%	-75.6%

Quarterly Gross Margin Highs

DOC Quarterly Gross Margin Highs Comparison
Period	High	Date	Current
1Y	23.56%	Dec 31, 25	-26.3%
3Y	25.41%	Dec 31, 23	-31.6%
5Y	25.41%	Dec 31, 23	-31.6%
All	97.64%	Jun 1, 94	-82.2%

Quarterly Gross Margin Lows

DOC Quarterly Gross Margin Lows Comparison
Period	Low	Date	Current
1Y	17.37%	Sep 30, 26	at low
3Y	17.37%	Sep 30, 26	at low
5Y	17.37%	Sep 30, 26	at low
All	-363.62%	Dec 31, 15	+104.8%

Quarterly Gross Margin History

Month	Value	Change
Sep 2026	17.37%	-13.6%
Jun 2026	20.10%	+8.6%
Mar 2026	18.51%	-21.4%
Dec 2025	23.56%	+9.7%
Sep 2025	21.48%	-2.1%
Jun 2025	21.93%	-4.4%
Mar 2025	22.93%	+9.2%
Dec 2024	20.99%	+5.0%
Sep 2024	20.00%	+0.7%
Jun 2024	19.87%	-16.1%
Mar 2024	23.68%	-6.8%
Dec 2023	25.41%	+1.7%
Sep 2023	24.98%	+8.1%
Jun 2023	23.10%	-1.6%
Mar 2023	23.47%	-1.4%
Dec 2022	23.80%	-2.5%
Sep 2022	24.41%	+3.3%
Jun 2022	23.63%	+3.9%
Mar 2022	22.75%	+3.9%
Dec 2021	21.90%	+3.2%
Sep 2021	21.22%	-11.8%
Jun 2021	24.07%	-5.5%
Mar 2021	25.47%	+9.6%
Dec 2020	23.24%	0.0%
Sep 2020	23.24%	+4.3%
Jun 2020	22.29%	+357.7%
Mar 2020	4.87%	-84.6%
Dec 2019	31.56%	+43.9%
Sep 2019	21.93%	-4.0%
Jun 2019	22.84%	-26.4%
Mar 2019	31.02%	+2.5%
Dec 2018	30.27%	-3.2%
Sep 2018	31.27%	-3.7%
Jun 2018	32.46%	-4.8%
Mar 2018	34.10%	+40.3%
Dec 2017	24.31%	-34.3%
Sep 2017	37.02%	-2.9%
Jun 2017	38.14%	-4.5%
Mar 2017	39.93%	+142.2%
Dec 2016	-94.56%	-349.0%
Sep 2016	37.97%	-6.8%
Jun 2016	40.74%	+3.6%
Mar 2016	39.32%	+110.8%
Dec 2015	-363.62%	-784.5%
Sep 2015	53.12%	-8.0%
Jun 2015	57.74%	-3.2%
Mar 2015	59.63%	+0.9%
Dec 2014	59.09%	-5.8%
Sep 2014	62.70%	-2.3%
Jun 2014	64.19%	-3.0%
Mar 2014	66.16%	-0.7%
Dec 2013	66.61%	-0.1%
Sep 2013	66.65%	+4.0%
Jun 2013	64.07%	-2.1%
Mar 2013	65.46%	-0.7%
Dec 2012	65.89%	-0.3%
Sep 2012	66.07%	+0.1%
Jun 2012	65.98%	-0.2%

Month	Value	Change
Mar 2012	66.10%	-0.1%
Dec 2011	66.14%	-1.5%
Sep 2011	67.12%	-6.8%
Jun 2011	72.03%	+23.3%
Mar 2011	58.44%	-4.3%
Dec 2010	61.04%	+7.0%
Sep 2010	57.05%	-3.8%
Jun 2010	59.29%	+1.6%
Mar 2010	58.38%	-4.2%
Dec 2009	60.97%	+7.9%
Sep 2009	56.49%	-2.3%
Jun 2009	57.84%	+6.6%
Mar 2009	54.25%	-2.7%
Dec 2008	55.77%	-9.5%
Sep 2008	61.62%	+11.3%
Jun 2008	55.38%	+1.5%
Mar 2008	54.54%	-0.9%
Dec 2007	55.06%	-0.6%
Sep 2007	55.38%	-6.2%
Jun 2007	59.06%	+2.7%
Mar 2007	57.50%	-3.3%
Dec 2006	59.46%	-4.8%
Sep 2006	62.43%	-1.2%
Jun 2006	63.16%	-3.1%
Mar 2006	65.18%	+1.1%
Dec 2005	64.45%	-4.3%
Sep 2005	67.32%	+4.0%
Jun 2005	64.74%	-1.5%
Mar 2005	65.71%	-2.6%
Dec 2004	67.45%	-3.7%
Sep 2004	70.03%	-0.8%
Jun 2004	70.60%	+1.7%
Mar 2004	69.40%	-0.3%
Dec 2003	69.60%	-3.3%
Sep 2003	71.96%	+1.0%
Jun 2003	71.25%	+3.3%
Mar 2003	68.98%	-2.3%
Dec 2002	70.57%	+1.1%
Sep 2002	69.78%	-1.3%
Jun 2002	70.71%	+3.2%
Mar 2002	68.54%	-19.9%
Dec 2001	85.57%	+52.2%
Sep 2001	56.24%	-19.3%
Jun 2001	69.71%	+4.3%
Mar 2001	66.85%	-4.6%
Dec 2000	70.10%	+0.1%
Sep 2000	70.03%	-0.7%
Jun 2000	70.52%	-0.7%
Mar 2000	71.01%	+1.7%
Dec 1999	69.85%	-3.7%
Sep 1999	72.56%	-0.3%
Jun 1999	72.77%	+1.2%
Mar 1999	71.93%	-13.3%
Dec 1998	83.00%	+8.2%
Sep 1998	76.68%	+0.2%
Jun 1998	76.52%	-1.1%
Mar 1998	77.38%	-20.7%
Jun 1994	97.64%	-

FAQ

What is the current quarterly gross margin of DOC?: As of today, DOC quarterly gross margin is 17.37%
What is DOC quarterly gross margin most recent change?: DOC quarterly gross margin was down -13.58% on September 30, 2026
What is 1-year change in DOC quarterly gross margin?: DOC quarterly gross margin is down -19.13% year-over-year
How far is DOC quarterly gross margin from its all-time high?: DOC quarterly gross margin is currently -82.21% below its historical high of 97.64% set on June 1, 1994
How does DOC quarterly gross margin rank versus sector peers?: DOC quarterly gross margin is higher than 21.01% of companies in Real Estate sector
When is DOC next earnings release?: The next earnings release for DOC is on February 1, 2027

Gross Margin Formula

Gross Margin = Gross Profit

Revenue × 100%

Data Sources & References

DOC Official Website www.healthpeak.com
Most Recent Annual Report (10-K) www.sec.gov/Archives/edgar/data/765880/000162828026005044/0001628280-26-005044-index.htm
DOC Profile on Yahoo Finance finance.yahoo.com/quote/DOC
DOC Profile on NASDAQ.com www.nasdaq.com/market-activity/stocks/doc