Carlsmed (CARL) Gross Margin (2024 - 2026)
Carlsmed (CARL) reported Gross Margin of 77.1% for Q1 2026, up 215.0% on a YoY basis from 24.48% in Q1 2025, and up 0.72% quarter-over-quarter from 76.54% in Q4 2025.
Carlsmed (CARL) Gross Margin (2024 - 2026) Analysis & Trends
Carlsmed has reported Gross Margin for 3 years, with the latest figure at 77.1% in Q1 2026.
- For the quarter ending Q1 2026, Gross Margin rose 215.0% year-over-year to 77.1%; the trailing twelve-month figure through Mar 2026 stood at 75.89% (up 145.0% YoY), and the FY2025 full-year result was 75.31%, up 151.0% from the prior year.
- Gross Margin for Q1 2026 stood at 77.1%, up from 76.54% in the prior quarter.
- The five-year high for Gross Margin was 77.1% in Q1 2026, with the low at 72.81% in Q3 2024.
- Historically, Gross Margin has averaged 75.05% across 3 years, with a median of 74.98% in 2024.
- The largest YoY upside for Gross Margin was 312 bps in 2025 against a maximum downside of 162 bps in 2025.
- Carlsmed's Gross Margin stood at 74.66% in 2024, then advanced by 3 bps to 76.54% in 2025, then gained by 1 bps to 77.1% in 2026.
- The last three Gross Margin figures came in at 77.1% (Q1 2026), 76.54% (Q4 2025), and 75.93% (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Veeva Systems | 24.83 Bn | 17.52 Bn | 662.02 Mn | 74.98% |
| 2 | BrightSpring Health Services | 13.57 Bn | 12.69 Bn | 482.22 Mn | 13.34% |
| 3 | Healthequity | 7.20 Bn | 6.93 Bn | 256.31 Mn | 72.27% |
| 4 | Hinge Health | 5.42 Bn | 5.11 Bn | 154.23 Mn | 84.60% |
| 5 | 10x Genomics | 4.46 Bn | 3.92 Bn | 106.18 Mn | 70.39% |
| 6 | Doximity | 3.81 Bn | 3.06 Bn | 125.97 Mn | 86.65% |
| 7 | Waystar Holding | 3.52 Bn | 3.36 Bn | 268.04 Mn | 85.40% |
| 8 | Privia Health | 2.94 Bn | 2.57 Bn | 595.71 Mn | 98.65% |
| 9 | Omnicell | 1.76 Bn | 1.59 Bn | 140.36 Mn | 45.30% |
| 10 | Carlsmed | 265.54 Mn | 168.34 Mn | 12.43 Mn | 77.10% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 77.10% |
| Dec 31, 2025 | 76.54% |
| Sep 30, 2025 | 75.93% |
| Jun 30, 2025 | 73.40% |
| Mar 31, 2025 | 74.94% |
| Dec 31, 2024 | 74.66% |
| Sep 30, 2024 | 72.81% |
| Jun 30, 2024 | 75.02% |