Aquestive Therapeutics (AQST) Gross Margin (2017 - 2026)
Aquestive Therapeutics (AQST) posted Gross Margin of 70.93% for Q2 2026, down 6.65% on a QoQ basis from 75.99% in Q1 2026, and up 1653.0% year-over-year from 4.05% in Q2 2025.
Analysis
Aquestive Therapeutics (AQST) Gross Margin (2017 - 2026) Analysis & Trends
Aquestive Therapeutics has reported Gross Margin for 10 years, with the latest figure at 70.93% in Q2 2026.
- On a quarterly basis, Gross Margin rose 1653.0% year-over-year to 70.93% in Q2 2026; TTM through Jun 2026 was 67.04%, a 594.0% increase from a year earlier, with the FY2025 full-year figure at 58.35%, down 1061.0% from the prior year.
- Gross Margin was 70.93% for Q2 2026 at Aquestive Therapeutics, down from 75.99% in the prior quarter.
- The five-year high for Gross Margin was 77.48% in Q2 2024, with the low at 50.03% in Q2 2023.
- Average Gross Margin over 5 years is 61.93%, with a median of 61.2% recorded in 2024.
- The sharpest annual moves came in 2024 and 2025: Gross Margin surged 2746 bps in 2024, then slumped 2308 bps in 2025.
- Over 5 years, Gross Margin stood at 50.34% in 2022, then climbed by 16 bps to 58.49% in 2023, then gained by 6 bps to 61.91% in 2024, then retreated by 11 bps to 55.16% in 2025, then climbed by 29 bps to 70.93% in 2026.
- The last three Gross Margin figures came in at 70.93% (Q2 2026), 75.99% (Q1 2026), and 55.16% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Johnson & Johnson | 643.26 Bn | 622.50 Bn | 17.26 Bn | 68.19% |
| 2 | AbbVie | 443.31 Bn | 436.74 Bn | 12.70 Bn | 74.74% |
| 3 | Merck | 364.74 Bn | 357.60 Bn | 12.21 Bn | 73.54% |
| 4 | Novartis Ag | 266.46 Bn | 258.77 Bn | 11.24 Bn | 78.02% |
| 5 | Pfizer | 158.57 Bn | 146.88 Bn | 10.94 Bn | 72.78% |
| 6 | Sanofi | 52.33 Bn | 44.95 Bn | 10.79 Bn | 80.05% |
| 7 | Revolution Medicines | 43.79 Bn | 43.79 Bn | - | - |
| 8 | Incyte | 25.23 Bn | 20.69 Bn | 1.57 Bn | 93.73% |
| 9 | United Therapeutics | 21.67 Bn | 19.01 Bn | 683.80 Mn | 87.30% |
| 10 | Aquestive Therapeutics | 640.60 Mn | 542.11 Mn | 9.80 Mn | 70.93% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 70.93% |
| Mar 31, 2026 | 75.99% |
| Dec 31, 2025 | 55.16% |
| Sep 30, 2025 | 64.82% |
| Jun 30, 2025 | 54.40% |
| Mar 31, 2025 | 58.12% |
| Dec 31, 2024 | 61.91% |
| Sep 30, 2024 | 67.24% |
| Jun 30, 2024 | 77.48% |
| Mar 31, 2024 | 63.59% |
| Dec 31, 2023 | 58.49% |
| Sep 30, 2023 | 63.10% |
| Jun 30, 2023 | 50.03% |
| Mar 31, 2023 | 57.45% |
| Dec 31, 2022 | 50.34% |
| Sep 30, 2022 | 59.65% |
| Jun 30, 2022 | 60.48% |
| Mar 31, 2022 | 65.66% |
| Dec 31, 2021 | 69.62% |
| Sep 30, 2021 | 66.88% |