Carlsmed (CARL) Net Margin (2024 - 2026)
Carlsmed (CARL) posted Net Margin of 53.96% for Q1 2026, up 4.99% on a QoQ basis from 56.8% in Q4 2025, and up 800.0% year-over-year from 6.0% in Q1 2025.
Carlsmed (CARL) Net Margin (2024 - 2026) Analysis & Trends
Carlsmed's Net Margin history runs 3 years deep, the most recent figure standing at 53.96% for Q1 2026.
- Quarterly Net Margin rose 800.0% year-over-year to 53.96% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 57.76% (up 2193.0% YoY) and the FY2025 annual result came in at 59.82%, up 3165.0% from the prior year.
- Net Margin was 53.96% for Q1 2026 at Carlsmed, up from 56.8% in the prior quarter.
- Across five years, Net Margin topped out at 50.17% in Q4 2024 and bottomed at 127.54% in Q3 2024.
- A 3-year average of 71.86% and a median of 59.38% in 2025 frame the typical range for Net Margin.
- Peak annual rise in Net Margin reached 6233 bps in 2025, while the deepest fall reached 663 bps in 2025.
- Carlsmed's Net Margin stood at 50.17% in 2024, then declined by 13 bps to 56.8% in 2025, then increased by 5 bps to 53.96% in 2026.
- Business Quant data shows CARL's Net Margin at 53.96% in Q1 2026, 56.8% in Q4 2025, and 65.21% in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Veeva Systems | 29.34 Bn | 22.03 Bn | 662.02 Mn | 29.55% |
| 2 | BrightSpring Health Services | 13.49 Bn | 12.59 Bn | 482.22 Mn | 4.12% |
| 3 | Healthequity | 7.96 Bn | 7.70 Bn | 256.31 Mn | 19.57% |
| 4 | 10x Genomics | 6.17 Bn | 5.63 Bn | 106.18 Mn | -8.93% |
| 5 | Hinge Health | 6.02 Bn | 5.70 Bn | 154.23 Mn | 18.66% |
| 6 | MiniMed | 4.19 Bn | 3.89 Bn | 480.00 Mn | -22.10% |
| 7 | Waystar Holding | 4.14 Bn | 4.07 Bn | 216.84 Mn | 13.79% |
| 8 | Doximity | 3.82 Bn | 3.08 Bn | 125.97 Mn | 13.15% |
| 9 | Privia Health | 3.10 Bn | 2.73 Bn | - | 0.61% |
| 10 | Carlsmed | 295.19 Mn | 222.08 Mn | 12.43 Mn | -53.96% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -53.96% |
| Dec 31, 2025 | -56.80% |
| Sep 30, 2025 | -65.21% |
| Jun 30, 2025 | -56.00% |
| Mar 31, 2025 | -61.96% |
| Dec 31, 2024 | -50.17% |
| Sep 30, 2024 | -127.54% |
| Jun 30, 2024 | -103.22% |