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
DateValue
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%