Ardelyx (ARDX) Gross Margin (2018 - 2026)
Ardelyx's Gross Margin was 95.24% in Q2 2026, up 7.94 percentage points from 87.30% a year earlier and up 0.33 percentage points from the prior quarter.
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Analysis
Ardelyx (ARDX) Gross Margin (2018 - 2026) Analysis & Trends
On a trailing twelve-month basis, Ardelyx's Gross Margin was 94.37% through Jun 30, 2026, up 9.57 percentage points year-over-year; for FY2025, it was 90.29%, up 5.45 percentage points from FY2024.
- Gross Margin shows a five-year change of -7.79 percentage points (FY2020 to FY2025).
- In earlier years, Gross Margin was 84.85% in FY2024 (-0.86 pp), 85.70% in FY2023 (-6.40 pp), 92.11% in FY2022 (+2.01 pp) and 90.10% in FY2021 (-7.99 pp).
- Quarterly Gross Margin has moved between 81.84% (Q1 2022) and 100.00% (Q4 2021) over five years.
- Compared with a year earlier, Gross Margin has increased for five straight quarters, with an average year-over-year change of +4.33 percentage points over the last eight quarters.
- The best year-over-year quarter for Gross Margin over five years was Q3 2025 (a gain of 12.40 percentage points); the worst was Q3 2022 (a drop of 14.68 percentage points).
- Per Business Quant data, ARDX's Gross Margin in the three quarters before Q2 2026 was 94.91% (Q1 2026), 91.34% (Q4 2025) and 96.39% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Eli Lilly | 1,136.97 Bn | 1,105.55 Bn | 19.71 Bn | 85.78% |
| 2 | Johnson & Johnson | 619.72 Bn | 538.25 Bn | 17.26 Bn | 68.19% |
| 3 | AbbVie | 503.40 Bn | 476.52 Bn | 12.70 Bn | 74.74% |
| 4 | Merck | 370.15 Bn | 324.53 Bn | 12.21 Bn | 73.54% |
| 5 | Novartis Ag | 298.64 Bn | 262.63 Bn | 11.24 Bn | 78.02% |
| 6 | Astrazeneca | 261.07 Bn | 234.76 Bn | 12.86 Bn | 83.60% |
| 7 | Amgen | 237.00 Bn | 192.40 Bn | 7.24 Bn | 72.04% |
| 8 | Gilead Sciences | 191.24 Bn | 165.43 Bn | 6.22 Bn | 79.76% |
| 9 | Pfizer | 170.31 Bn | 116.96 Bn | 10.94 Bn | 72.78% |
| 10 | Ardelyx | 778.63 Mn | -248.66 Mn | 115.12 Mn | 95.24% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 95.24% |
| Mar 31, 2026 | 94.91% |
| Dec 31, 2025 | 91.34% |
| Sep 30, 2025 | 96.39% |
| Jun 30, 2025 | 87.30% |
| Mar 31, 2025 | 83.40% |
| Dec 31, 2024 | 84.27% |
| Sep 30, 2024 | 83.99% |
| Jun 30, 2024 | 87.11% |
| Mar 31, 2024 | 84.51% |
| Dec 31, 2023 | 85.23% |
| Sep 30, 2023 | 86.36% |
| Jun 30, 2023 | 84.38% |
| Mar 31, 2023 | 86.48% |
| Dec 31, 2022 | 92.84% |
| Sep 30, 2022 | 85.32% |
| Jun 30, 2022 | 94.54% |
| Mar 31, 2022 | 81.84% |
| Dec 31, 2021 | 100.00% |
| Sep 30, 2021 | 100.00% |
API Access
Ardelyx Gross Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=gross-margin&ticker=ARDX&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "ticker": "ARDX", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=gross-margin&ticker=ARDX&period=max&api_key=YOUR_API_KEY");
const data = await res.json();