Carlsmed (CARL) Gross Margin (2024 - 2026)
Carlsmed's (CARL) quarterly Gross Margin came in at 77.1% in Q1 2026, up 215.0% YoY from 24.48% in Q1 2025, and up 0.72% on a QoQ basis from 76.54% in Q4 2025.
Carlsmed (CARL) Gross Margin (2024 - 2026) Analysis & Trends
Carlsmed (CARL) has 3 years of Gross Margin data on file, last reported at 77.1% in 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 rose to 77.1% in Q1 2026, from 76.54% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 77.1% in Q1 2026 to a low of 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.
- The widest YoY moves for Gross Margin: up 312 bps in 2025, down 162 bps in 2025.
- Tracing CARL's Gross Margin over 3 years: 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.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Veeva Systems | 39.72 Bn | 32.40 Bn | 662.02 Mn | 74.98% |
| 2 | BrightSpring Health Services | 12.19 Bn | 11.64 Bn | 492.75 Mn | 12.72% |
| 3 | Healthequity | 8.79 Bn | 8.52 Bn | 256.31 Mn | 72.27% |
| 4 | 10x Genomics | 7.31 Bn | 6.76 Bn | 112.50 Mn | 74.48% |
| 5 | Hinge Health | 7.10 Bn | 6.71 Bn | 183.95 Mn | 86.44% |
| 6 | MiniMed | 5.66 Bn | 5.36 Bn | 480.00 Mn | 57.35% |
| 7 | Waystar Holding | 4.76 Bn | 4.56 Bn | 221.99 Mn | 69.44% |
| 8 | Doximity | 4.46 Bn | 3.77 Bn | 132.93 Mn | 84.87% |
| 9 | Heartflow | 3.66 Bn | 3.28 Bn | 53.19 Mn | 83.00% |
| 10 | Carlsmed | 389.87 Mn | 276.57 Mn | 14.54 Mn | 76.78% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 76.78% |
| 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% |