BillionToOne (BLLN) Net Margin (2024 - 2026)
BillionToOne (BLLN) posted Net Margin of 14.14% for Q3 2026, up 12.34 percentage points from 1.80% a year earlier and up 6.78 percentage points from the prior quarter.
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Analysis
BillionToOne (BLLN) Net Margin (2024 - 2026) Analysis & Trends
For the trailing twelve months through Sep 30, 2026, Net Margin at BillionToOne was 10.52%, up 16.11 percentage points year-over-year; for FY2025, it was 0.96%, up 28.20 percentage points from FY2024.
- In prior years, BillionToOne's Net Margin was -27.24% in FY2024 (+88.03 pp) and -115.27% in FY2023.
- Quarterly Net Margin has run from a low of -38.79% in Q3 2024 to a high of 16.58% in Q1 2026 over five years.
- On a year-over-year basis, Net Margin has increased in each of the last five quarters, with an average year-over-year change of +22.42 percentage points over the last five quarters.
- According to Business Quant data, Net Margin for the three prior quarters was 7.36% (Q2 2026), 16.58% (Q1 2026) and 2.64% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | HCA Healthcare | 105.29 Bn | 103.13 Bn | 17.03 Bn | 7.96% |
| 2 | Natera | 46.06 Bn | 41.68 Bn | 513.47 Mn | -7.55% |
| 3 | Labcorp Holdings | 30.09 Bn | 28.19 Bn | 1.11 Bn | 6.90% |
| 4 | Quest Diagnostics | 28.58 Bn | 26.66 Bn | 1.04 Bn | 10.07% |
| 5 | Guardant Health | 20.44 Bn | 16.05 Bn | 236.15 Mn | -34.45% |
| 6 | BrightSpring Health Services | 14.16 Bn | 11.04 Bn | 518.55 Mn | 2.38% |
| 7 | Encompass Health | 13.83 Bn | 14.29 Bn | 1.54 Bn | 9.31% |
| 8 | Tempus AI | 12.69 Bn | 9.84 Bn | 266.70 Mn | -3.61% |
| 9 | Davita | 11.06 Bn | 9.92 Bn | 1.13 Bn | 6.23% |
| 10 | BillionToOne | 5.01 Bn | 2.86 Bn | 87.15 Mn | 14.14% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 14.14% |
| Jun 30, 2026 | 7.36% |
| Mar 31, 2026 | 16.58% |
| Dec 31, 2025 | 2.64% |
| Sep 30, 2025 | 1.80% |
| Jun 30, 2025 | -0.37% |
| Mar 31, 2025 | -6.76% |
| Dec 31, 2024 | -25.46% |
| Sep 30, 2024 | -38.79% |
API Access
BillionToOne Net 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=net-margin&ticker=BLLN&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-margin", "ticker": "BLLN", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=net-margin&ticker=BLLN&period=max&api_key=YOUR_API_KEY");
const data = await res.json();