Carlsmed (CARL) FCF Margin (2024 - 2026)
Carlsmed's FCF Margin was -39.49% in Q2 2026, up 21.50 percentage points from -60.99% a year earlier and up 41.71 percentage points from the prior quarter.
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Analysis
Carlsmed (CARL) FCF Margin (2024 - 2026) Analysis & Trends
On a trailing twelve-month basis, Carlsmed's FCF Margin was -54.63% through Jun 30, 2026, up 17.24 percentage points year-over-year; for FY2025, it came in at -58.64%, up 35.77 percentage points from FY2024.
- In earlier years, FCF Margin was -94.41% in FY2024.
- Quarterly FCF Margin has moved between -115.81% (Q3 2024) and -35.57% (Q4 2025) over five years.
- Compared with a year earlier, FCF Margin was higher in three of the last four quarters, with an average year-over-year change of +20.20 percentage points.
- Per Business Quant data, CARL's FCF Margin in the three quarters before Q2 2026 was -81.20% (Q1 2026), -35.57% (Q4 2025) and -65.92% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Thermo Fisher Scientific | 257.99 Bn | 237.02 Bn | 4.88 Bn | 13.97% |
| 2 | Abbott Laboratories | 175.01 Bn | 145.44 Bn | 7.27 Bn | 15.81% |
| 3 | Danaher | 164.93 Bn | 148.74 Bn | 3.61 Bn | 20.19% |
| 4 | Intuitive Surgical | 151.84 Bn | 131.26 Bn | 1.96 Bn | 32.79% |
| 5 | Medtronic | 119.05 Bn | 84.30 Bn | 6.34 Bn | 13.22% |
| 6 | Stryker | 113.89 Bn | 100.00 Bn | 4.50 Bn | 16.07% |
| 7 | Boston Scientific | 65.37 Bn | 60.13 Bn | 3.85 Bn | 23.50% |
| 8 | Becton Dickinson | 53.36 Bn | 50.51 Bn | 2.32 Bn | 12.70% |
| 9 | Edwards Lifesciences | 50.83 Bn | 34.83 Bn | 1.35 Bn | 33.60% |
| 10 | Carlsmed | 391.28 Mn | -68.32 Mn | 14.54 Mn | -39.49% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -39.49% |
| Mar 31, 2026 | -81.20% |
| Dec 31, 2025 | -35.57% |
| Sep 30, 2025 | -65.92% |
| Jun 30, 2025 | -60.99% |
| Mar 31, 2025 | -80.85% |
| Dec 31, 2024 | -45.32% |
| Sep 30, 2024 | -115.81% |
API Access
Carlsmed FCF 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=fcf-margin&ticker=CARL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "fcf-margin", "ticker": "CARL", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=fcf-margin&ticker=CARL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();