Carlsmed (CARL) Gross Margin (2024 - 2026)
Carlsmed (CARL) posted Gross Margin of 77.1% for Q1 2026, up 0.72% on a QoQ basis from 76.54% in Q4 2025, and up 215.0% year-over-year from 24.48% in Q1 2025.
Carlsmed (CARL) Gross Margin (2024 - 2026) Analysis & Trends
Carlsmed's Gross Margin history runs 3 years deep, the most recent figure standing at 77.1% for Q1 2026.
- Quarterly Gross Margin rose 215.0% year-over-year to 77.1% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 75.89% (up 145.0% YoY) and the FY2025 annual result came in at 75.31%, up 151.0% from the prior year.
- Gross Margin was 77.1% for Q1 2026 at Carlsmed, up from 76.54% in the prior quarter.
- Across five years, Gross Margin topped out at 77.1% in Q1 2026 and bottomed at 72.81% in Q3 2024.
- A 3-year average of 75.05% and a median of 74.98% in 2024 frame the typical range for Gross Margin.
- Peak annual rise in Gross Margin reached 312 bps in 2025, while the deepest fall reached 162 bps in 2025.
- Carlsmed's Gross Margin stood at 74.66% in 2024, then grew by 3 bps to 76.54% in 2025, then climbed by 1 bps to 77.1% in 2026.
- Business Quant data shows CARL's Gross Margin at 77.1% in Q1 2026, 76.54% in Q4 2025, and 75.93% in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Veeva Systems | 29.34 Bn | 22.03 Bn | 662.02 Mn | 74.98% |
| 2 | BrightSpring Health Services | 13.49 Bn | 12.59 Bn | 482.22 Mn | 13.34% |
| 3 | Healthequity | 7.96 Bn | 7.70 Bn | 256.31 Mn | 72.27% |
| 4 | 10x Genomics | 6.17 Bn | 5.63 Bn | 106.18 Mn | 70.39% |
| 5 | Hinge Health | 6.02 Bn | 5.70 Bn | 154.23 Mn | 84.60% |
| 6 | MiniMed | 4.19 Bn | 3.89 Bn | 480.00 Mn | 57.35% |
| 7 | Waystar Holding | 4.14 Bn | 4.07 Bn | 216.84 Mn | 69.08% |
| 8 | Doximity | 3.82 Bn | 3.08 Bn | 125.97 Mn | 86.65% |
| 9 | Privia Health | 3.10 Bn | 2.73 Bn | - | - |
| 10 | Carlsmed | 295.19 Mn | 222.08 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% |