Axogen (AXGN) Gross Margin (2010 - 2026)
Axogen's Gross Margin was 74.81% in Q3 2026, down 1.74 percentage points from 76.55% a year earlier but up 2.14 percentage points from the prior quarter.
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Analysis
Axogen (AXGN) Gross Margin (2010 - 2026) Analysis & Trends
On a trailing twelve-month basis, Axogen's Gross Margin was 74.18% through Sep 30, 2026, down 0.58 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).
- Quarterly Gross Margin has moved between 67.46% (Q4 2022) and 83.29% (Q3 2022) over five years.
- Compared with a year earlier, Gross Margin was higher in four of the last eight quarters, with an average year-over-year change of -0.67 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 Q3 2026 was 72.67% (Q2 2026), 75.16% (Q1 2026) and 74.13% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Thermo Fisher Scientific | 265.71 Bn | 242.23 Bn | 5.13 Bn | 42.28% |
| 2 | Abbott Laboratories | 189.37 Bn | 163.23 Bn | 7.39 Bn | 56.75% |
| 3 | Danaher | 164.78 Bn | 144.43 Bn | 3.84 Bn | 58.54% |
| 4 | Intuitive Surgical | 157.85 Bn | 138.13 Bn | 2.08 Bn | 68.37% |
| 5 | Medtronic | 129.66 Bn | 94.91 Bn | 6.34 Bn | 64.99% |
| 6 | Stryker | 121.82 Bn | 108.01 Bn | 4.25 Bn | 65.15% |
| 7 | Boston Scientific | 63.42 Bn | 58.86 Bn | 3.43 Bn | 66.72% |
| 8 | Edwards Lifesciences | 59.49 Bn | 42.69 Bn | 1.35 Bn | 78.48% |
| 9 | Becton Dickinson | 58.38 Bn | 55.53 Bn | 2.32 Bn | 46.46% |
| 10 | Axogen | 2.79 Bn | 2.19 Bn | 56.73 Mn | 74.81% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 74.81% |
| 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% |
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();