What is the current annual operating margin of DOC?

As of today, DOC annual operating margin is 19.31%

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

DOC annual operating margin is up +13.06% year-over-year

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

DOC annual operating margin is up +13.86% over the past 3 years

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

DOC annual operating margin is currently -72.97% below its historical high of 71.44% set on December 1, 1998

How does DOC annual operating margin rank versus sector peers?

DOC annual operating margin is higher than 48.82% 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 operating margin of DOC?

As of today, DOC quarterly operating margin is 14.52%

What is DOC quarterly operating margin most recent change?

DOC quarterly operating margin was down -16.41% on September 30, 2026

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

DOC quarterly operating margin is down -22.23% year-over-year

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

DOC quarterly operating margin is currently -95.75% below its historical high of 341.96% set on December 31, 2015

How does DOC quarterly operating margin rank versus sector peers?

DOC quarterly operating margin is higher than 39.92% of companies in Real Estate sector

When is DOC next earnings release?

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

DOC Operating Margin History & Chart Since 1985

Annual Operating Margin

19.31%2.23%+13.06%

December 31, 2025

Summary

Current Value: As of today, DOC annual operating margin is 19.31%, up +13.06% on December 31, 2025
Historical Performance: DOC annual operating margin is up +13.86% over the past 3 years, up +84.43% over the past 5 years
All-Time High Comparison: DOC annual operating margin is currently -72.97% below its historical high of 71.44% set on December 1, 1998
3-Year Low Comparison: DOC annual operating margin is +13.86% above its 3-year low of 16.96% reached on an earlier date
Sector Comparison: DOC annual operating margin is higher than 48.82% of companies in Real Estate sector

Operating Margin Chart

beforeafter

Performance

DOC Performance
Metric	Date	Value	1Y	3Y	5Y	15Y
Annual Operating Margin	Dec 31, 25	19.31%	+13.1%	+13.9%	+84.4%	-63.1%
Quarterly Operating Margin	Sep 30, 26	14.52%	-22.2%	-30.6%	-11.0%	-76.8%
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 Operating Profit	Dec 31, 25	$545.03M	+18.2%	+55.9%	+216.4%	-18.0%
Annual Gross Margin	Dec 31, 25	22.48%	+6.8%	-5.0%	+19.9%	-61.8%
Annual Net Margin	Dec 31, 25	3.55%	-64.0%	-85.7%	-90.6%	-85.9%

Operating Margin Highs

DOC Annual Operating Margin Highs Comparison
Period	High	Date	Current
3Y	20.15%	Dec 31, 23	-4.2%
5Y	20.15%	Dec 31, 23	-4.2%
All	71.44%	Dec 1, 98	-73.0%

Operating Margin Lows

DOC Annual Operating Margin Lows Comparison
Period	Low	Date	Current
3Y	16.96%	N/A	+13.9%
5Y	10.47%	N/A	+84.4%
All	10.47%	Dec 31, 20	+84.4%

Operating Margin History

Year	Value	Change
2025	19.31%	+13.1%
2024	17.08%	-15.2%
2023	20.15%	+18.8%
2022	16.96%	+1.4%
2021	16.73%	+59.8%
2020	10.47%	-55.1%
2019	23.32%	-2.2%
2018	23.84%	+12.3%
2017	21.23%	-37.2%
2016	33.79%	+5.6%
2015	32.00%	-46.0%
2014	59.22%	-4.4%
2013	61.93%	-0.2%
2012	62.03%	+1.7%
2011	61.01%	+16.6%
2010	52.33%	+4.2%
2009	50.24%	+158.0%
2008	19.47%	-61.1%
2007	50.04%	-7.6%
2006	54.16%	+76.6%
2005	30.66%	-49.8%

Year	Value	Change
2004	61.02%	-4.8%
2003	64.13%	-2.0%
2002	65.45%	-0.5%
2001	65.77%	+64.1%
2000	40.09%	-39.6%
1999	66.33%	-7.2%
1998	71.44%	+38.2%
1997	51.71%	-2.7%
1996	53.17%	-6.9%
1995	57.14%	+5.6%
1994	54.11%	+5.4%
1993	51.33%	+10.1%
1992	46.62%	+23.1%
1991	37.87%	+1.4%
1990	37.33%	+36.8%
1989	27.29%	-12.6%
1988	31.21%	-25.9%
1987	42.10%	-20.2%
1986	52.73%	-17.1%
1985	63.61%	-

FAQ

What is the current annual operating margin of DOC?: As of today, DOC annual operating margin is 19.31%
What is 1-year change in DOC annual operating margin?: DOC annual operating margin is up +13.06% year-over-year
What is 3-year change in DOC annual operating margin?: DOC annual operating margin is up +13.86% over the past 3 years
How far is DOC annual operating margin from its all-time high?: DOC annual operating margin is currently -72.97% below its historical high of 71.44% set on December 1, 1998
How does DOC annual operating margin rank versus sector peers?: DOC annual operating margin is higher than 48.82% 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

Operating Margin Formula

Operating Profit Margin = Operating Income

Revenue × 100%

Quarterly Operating Margin

14.52%2.85%-16.41%

September 30, 2026

Summary

Current Value: As of today, DOC quarterly operating margin is 14.52%, down -16.41% on September 30, 2026
Historical Performance: DOC quarterly operating margin is down -22.23% year-over-year, down -30.63% over the past 3 years
All-Time High Comparison: DOC quarterly operating margin is currently -95.75% below its historical high of 341.96% set on December 31, 2015
3-Year Low Comparison: DOC quarterly operating margin is at its 3-year low
Sector Comparison: DOC quarterly operating margin is higher than 39.92% of companies in Real Estate sector

Performance

DOC Performance
Metric	Date	Value	3M	1Y	3Y	5Y
Quarterly Operating Margin	Sep 30, 26	14.52%	-16.4%	-22.2%	-30.6%	-11.0%
Annual Operating Margin	Dec 31, 25	19.31%	–	+13.1%	+13.9%	+84.4%
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 Operating Profit	Sep 30, 26	$119.20M	-11.1%	-9.6%	+2.4%	+51.7%
Quarterly Gross Margin	Sep 30, 26	17.37%	-13.6%	-19.1%	-30.5%	-18.1%
Quarterly Net Margin	Sep 30, 26	4.45%	-45.6%	+128.6%	-63.9%	-75.6%

Quarterly Operating Margin Highs

DOC Quarterly Operating Margin Highs Comparison
Period	High	Date	Current
1Y	20.38%	Dec 31, 25	-28.8%
3Y	21.52%	Dec 31, 23	-32.5%
5Y	21.52%	Dec 31, 23	-32.5%
All	341.96%	Dec 31, 15	-95.8%

Quarterly Operating Margin Lows

DOC Quarterly Operating Margin Lows Comparison
Period	Low	Date	Current
1Y	14.52%	Sep 30, 26	at low
3Y	14.52%	Sep 30, 26	at low
5Y	12.13%	Dec 31, 22	+19.7%
All	-152.88%	Dec 1, 96	+109.5%

Quarterly Operating Margin History

Month	Value	Change
Sep 2026	14.52%	-16.4%
Jun 2026	17.37%	+11.8%
Mar 2026	15.54%	-23.7%
Dec 2025	20.38%	+9.2%
Sep 2025	18.67%	+1.3%
Jun 2025	18.43%	-6.5%
Mar 2025	19.72%	+11.0%
Dec 2024	17.76%	+6.8%
Sep 2024	16.63%	+3.2%
Jun 2024	16.11%	-10.3%
Mar 2024	17.95%	-16.6%
Dec 2023	21.52%	+2.8%
Sep 2023	20.93%	+17.1%
Jun 2023	17.87%	-7.0%
Mar 2023	19.22%	+58.5%
Dec 2022	12.13%	-36.3%
Sep 2022	19.03%	+1.1%
Jun 2022	18.82%	+4.9%
Mar 2022	17.94%	+41.9%
Dec 2021	12.64%	-22.5%
Sep 2021	16.32%	-13.3%
Jun 2021	18.82%	-2.4%
Mar 2021	19.29%	+73.3%
Dec 2020	11.13%	-40.0%
Sep 2020	18.55%	+25.3%
Jun 2020	14.81%	+478.8%
Mar 2020	-3.91%	-116.3%
Dec 2019	23.98%	+127.3%
Sep 2019	10.55%	+212.1%
Jun 2019	3.38%	-86.0%
Mar 2019	24.09%	+39.8%
Dec 2018	17.23%	-31.0%
Sep 2018	24.97%	+1.1%
Jun 2018	24.70%	-11.8%
Mar 2018	28.01%	+6,414.0%
Dec 2017	0.43%	-98.4%
Sep 2017	26.26%	+24.2%
Jun 2017	21.15%	-40.2%
Mar 2017	35.37%	+133.2%
Dec 2016	-106.48%	-439.0%
Sep 2016	31.41%	-14.0%
Jun 2016	36.51%	+6.0%
Mar 2016	34.43%	-89.9%
Dec 2015	341.96%	+767.7%
Sep 2015	39.41%	-25.7%
Jun 2015	53.02%	-4.6%
Mar 2015	55.59%	-4.1%
Dec 2014	57.96%	-0.9%
Sep 2014	58.51%	-0.4%
Jun 2014	58.77%	-5.5%
Mar 2014	62.20%	-1.6%
Dec 2013	63.19%	+8.4%
Sep 2013	58.30%	-1.9%
Jun 2013	59.41%	-3.3%
Mar 2013	61.44%	+0.8%
Dec 2012	60.94%	-1.7%
Sep 2012	61.98%	-1.3%
Jun 2012	62.79%	+1.7%
Mar 2012	61.72%	-0.2%
Dec 2011	61.87%	-1.3%

Month	Value	Change
Sep 2011	62.70%	-3.4%
Jun 2011	64.90%	+25.2%
Mar 2011	51.84%	-7.2%
Dec 2010	55.89%	+9.6%
Sep 2010	50.99%	-2.9%
Jun 2010	52.51%	+5.2%
Mar 2010	49.91%	-9.0%
Dec 2009	54.82%	+12.5%
Sep 2009	48.75%	-4.0%
Jun 2009	50.77%	+6.9%
Mar 2009	47.50%	-3.5%
Dec 2008	49.22%	-12.6%
Sep 2008	56.34%	+15.7%
Jun 2008	48.70%	+2.8%
Mar 2008	47.39%	-4.8%
Dec 2007	49.78%	+227.3%
Sep 2007	15.21%	-30.0%
Jun 2007	21.72%	+24.1%
Mar 2007	17.50%	-64.0%
Dec 2006	48.63%	+64.0%
Sep 2006	29.66%	-8.5%
Jun 2006	32.41%	-8.7%
Mar 2006	35.48%	-38.5%
Dec 2005	57.67%	+48.7%
Sep 2005	38.78%	+9.1%
Jun 2005	35.53%	-5.2%
Mar 2005	37.48%	-35.7%
Dec 2004	58.30%	-5.0%
Sep 2004	61.39%	-2.1%
Jun 2004	62.70%	+1.3%
Mar 2004	61.87%	+3.4%
Dec 2003	59.85%	-10.1%
Sep 2003	66.61%	+1.7%
Jun 2003	65.48%	+3.5%
Mar 2003	63.29%	-36.7%
Dec 2002	100.00%	+53.4%
Sep 2002	65.19%	-0.8%
Jun 2002	65.69%	+3.7%
Mar 2002	63.34%	-22.5%
Dec 2001	81.76%	+172.7%
Sep 2001	29.98%	-29.0%
Jun 2001	42.22%	+17.6%
Mar 2001	35.90%	-51.2%
Dec 2000	73.56%	+87.1%
Sep 2000	39.31%	-2.6%
Jun 2000	40.37%	-1.4%
Mar 2000	40.94%	-37.8%
Dec 1999	65.84%	+64.7%
Sep 1999	39.98%	-1.7%
Jun 1999	40.66%	-3.1%
Mar 1999	41.96%	-41.2%
Dec 1998	71.42%	+54.0%
Sep 1998	46.38%	-3.8%
Jun 1998	48.19%	-6.0%
Mar 1998	51.26%	+161.3%
Dec 1997	-83.58%	+45.3%
Dec 1996	-152.88%	-8.6%
Dec 1995	-140.71%	+7.0%
Dec 1994	-151.34%	-300.2%
Jun 1994	75.59%	-

FAQ

What is the current quarterly operating margin of DOC?: As of today, DOC quarterly operating margin is 14.52%
What is DOC quarterly operating margin most recent change?: DOC quarterly operating margin was down -16.41% on September 30, 2026
What is 1-year change in DOC quarterly operating margin?: DOC quarterly operating margin is down -22.23% year-over-year
How far is DOC quarterly operating margin from its all-time high?: DOC quarterly operating margin is currently -95.75% below its historical high of 341.96% set on December 31, 2015
How does DOC quarterly operating margin rank versus sector peers?: DOC quarterly operating margin is higher than 39.92% of companies in Real Estate sector
When is DOC next earnings release?: The next earnings release for DOC is on February 1, 2027

Operating Margin Formula

Operating Profit Margin = Operating Income

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