Axogen (AXGN) Gross Margin (2010 - 2026)
Axogen's Gross Margin was 72.67% in Q2 2026, down 1.48 percentage points from 74.16% a year earlier and down 2.49 percentage points from the prior quarter.
Powered by 
Analysis
Axogen (AXGN) Gross Margin (2010 - 2026) Analysis & Trends
On a trailing twelve-month basis, Axogen's Gross Margin was 74.56% through Jun 30, 2026, up 0.29 percentage points year-over-year; for FY2025, it was 74.31%, down 1.48 percentage points from FY2024.
- Gross Margin has now declined for four consecutive years, with a five-year change of -6.47 percentage points (FY2020 to FY2025).
- In earlier years, Gross Margin was 75.79% in FY2024 (-0.85 pp), 76.64% in FY2023 (-1.87 pp), 78.51% in FY2022 (-3.48 pp) and 81.99% in FY2021 (+1.21 pp).
- The Q2 2026 figure marks the lowest quarterly Gross Margin since Q1 2025.
- Compared with a year earlier, Gross Margin was higher in four of the last eight quarters, with an average year-over-year change of -0.69 percentage points.
- The best year-over-year quarter for Gross Margin over five years was Q4 2023 (a gain of 7.15 percentage points); the worst was Q4 2022 (a drop of 15.33 percentage points).
- Per Business Quant data, AXGN's Gross Margin in the three quarters before Q2 2026 was 75.16% (Q1 2026), 74.13% (Q4 2025) and 76.55% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Thermo Fisher Scientific | 250.84 Bn | 229.99 Bn | 4.88 Bn | 40.70% |
| 2 | Abbott Laboratories | 174.73 Bn | 145.82 Bn | 7.27 Bn | 57.71% |
| 3 | Danaher | 159.85 Bn | 143.67 Bn | 3.61 Bn | 57.64% |
| 4 | Intuitive Surgical | 146.79 Bn | 126.35 Bn | 1.96 Bn | 67.78% |
| 5 | Medtronic | 114.54 Bn | 80.41 Bn | 6.34 Bn | 64.99% |
| 6 | Stryker | 105.67 Bn | 91.79 Bn | 4.50 Bn | 68.27% |
| 7 | Boston Scientific | 63.93 Bn | 58.94 Bn | 3.85 Bn | 70.71% |
| 8 | Becton Dickinson | 50.12 Bn | 47.27 Bn | 2.32 Bn | 46.46% |
| 9 | Edwards Lifesciences | 50.06 Bn | 34.17 Bn | 1.35 Bn | 77.46% |
| 10 | Axogen | 2.33 Bn | 2.04 Bn | 50.67 Mn | 72.67% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 72.67% |
| Mar 31, 2026 | 75.16% |
| Dec 31, 2025 | 74.13% |
| Sep 30, 2025 | 76.55% |
| Jun 30, 2025 | 74.16% |
| Mar 31, 2025 | 71.94% |
| Dec 31, 2024 | 76.06% |
| Sep 30, 2024 | 74.91% |
| Jun 30, 2024 | 73.77% |
| Mar 31, 2024 | 78.83% |
| Dec 31, 2023 | 74.60% |
| Sep 30, 2023 | 76.82% |
| Jun 30, 2023 | 77.71% |
| Mar 31, 2023 | 77.71% |
| Dec 31, 2022 | 67.46% |
| Sep 30, 2022 | 83.29% |
| Jun 30, 2022 | 81.76% |
| Mar 31, 2022 | 82.11% |
| Dec 31, 2021 | 82.79% |
| Sep 30, 2021 | 83.21% |
API Access
Axogen 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=AXGN&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "ticker": "AXGN", "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=AXGN&period=max&api_key=YOUR_API_KEY");
const data = await res.json();