Axogen (AXGN) Gross Margin (2010 - 2026)
Axogen (AXGN) posted Gross Margin of 72.67% for Q2 2026, down 3.31% on a QoQ basis from 75.16% in Q1 2026, and down 148.0% year-over-year from 151.4% in Q2 2025.
Analysis
Axogen (AXGN) Gross Margin (2010 - 2026) Analysis & Trends
Axogen has reported Gross Margin for 17 years, with the latest figure at 72.67% in Q2 2026.
- On a quarterly basis, Gross Margin fell 148.0% year-over-year to 72.67% in Q2 2026; TTM through Jun 2026 was 74.56%, a 29.0% increase from a year earlier, with the FY2025 full-year figure at 74.31%, down 148.0% from the prior year.
- Gross Margin was 72.67% for Q2 2026 at Axogen, down from 75.16% in the prior quarter.
- The five-year high for Gross Margin was 83.29% in Q3 2022, with the low at 67.46% in Q4 2022.
- Average Gross Margin over 5 years is 76.09%, with a median of 75.61% recorded in 2024.
- The sharpest annual moves came in 2022 and 2023: Gross Margin plunged 1533 bps in 2022, then soared 715 bps in 2023.
- Over 5 years, Gross Margin stood at 67.46% in 2022, then gained by 11 bps to 74.6% in 2023, then grew by 2 bps to 76.06% in 2024, then fell by 3 bps to 74.13% in 2025, then decreased by 2 bps to 72.67% in 2026.
- The last three Gross Margin figures came in at 72.67% (Q2 2026), 75.16% (Q1 2026), and 74.13% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Abbott Laboratories | 183.04 Bn | 177.44 Bn | 7.27 Bn | 57.71% |
| 2 | Intuitive Surgical | 125.02 Bn | 119.81 Bn | 1.96 Bn | 67.78% |
| 3 | Medtronic | 117.84 Bn | 109.02 Bn | 6.34 Bn | 64.99% |
| 4 | Stryker | 105.50 Bn | 102.02 Bn | 4.50 Bn | 68.27% |
| 5 | Boston Scientific | 66.27 Bn | 65.73 Bn | 3.85 Bn | 70.71% |
| 6 | Edwards Lifesciences | 49.60 Bn | 45.35 Bn | 1.35 Bn | 77.46% |
| 7 | Alcon | 33.70 Bn | 32.24 Bn | 1.68 Bn | 60.21% |
| 8 | Dexcom | 32.06 Bn | 30.11 Bn | 830.00 Mn | 63.44% |
| 9 | Steris | 21.02 Bn | 20.54 Bn | 684.20 Mn | 45.84% |
| 10 | Axogen | 2.51 Bn | 2.40 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% |