Carlsmed (CARL) FCF Margin (2024 - 2026)
Carlsmed posted quarterly FCF Margin of 81.5% for Q1 2026, up 6.0% year-on-year from 76.88% in Q1 2025, and down 129.12% on a QoQ basis from 35.57% in Q4 2025.
Carlsmed (CARL) has 3 years of FCF Margin data on file, last reported at 81.5% in Q1 2026.
- For the quarter ending Q1 2026, FCF Margin rose 6.0% year-over-year to 81.5%; the trailing twelve-month figure through Mar 2026 stood at 61.03% (up 103.0% YoY), and the FY2025 full-year result was 58.64%, up 3511.0% from the prior year.
- FCF Margin for Q1 2026 stood at 81.5%, down from 35.57% in the prior quarter.
- Across five years, FCF Margin topped out at 35.57% in Q4 2025 and bottomed at 115.81% in Q3 2024.
- The 3-year median for FCF Margin is 65.92% (2025), against an average of 69.16%.
- The widest annual swing landed in 2025, when FCF Margin surged 4989 bps; it then rose 6 bps in 2026.
- A 3-year view of FCF Margin shows it stood at 43.41% in 2024, then grew by 18 bps to 35.57% in 2025, then slumped by 129 bps to 81.5% in 2026.
- The last three FCF Margin figures came in at 81.5% (Q1 2026), 35.57% (Q4 2025), and 65.92% (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Veeva Systems | 30.85 Bn | 24.28 Bn | 622.47 Mn | 11.94% |
| 2 | BrightSpring Health Services | 12.29 Bn | 11.41 Bn | 482.22 Mn | 3.30% |
| 3 | Healthequity | 7.80 Bn | 7.48 Bn | 256.31 Mn | 23.01% |
| 4 | Hinge Health | 4.82 Bn | 4.51 Bn | 154.23 Mn | 23.62% |
| 5 | Doximity | 4.21 Bn | 3.46 Bn | 125.97 Mn | 73.79% |
| 6 | Waystar Holding | 4.18 Bn | 4.03 Bn | 268.04 Mn | 22.17% |
| 7 | 10x Genomics | 3.78 Bn | 3.24 Bn | 106.18 Mn | 17.24% |
| 8 | Privia Health | 2.65 Bn | 2.28 Bn | 595.71 Mn | -8.19% |
| 9 | Omnicell | 1.95 Bn | 1.78 Bn | 140.36 Mn | 13.57% |
| 10 | Carlsmed | 298.68 Mn | 201.48 Mn | 12.43 Mn | -81.50% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -81.50% |
| Dec 31, 2025 | -35.57% |
| Sep 30, 2025 | -65.92% |
| Jun 30, 2025 | -60.39% |
| Mar 31, 2025 | -81.56% |
| Dec 31, 2024 | -43.41% |
| Sep 30, 2024 | -115.81% |