Carlsmed (CARL) Net Margin (2024 - 2026)
Carlsmed's (CARL) quarterly Net Margin came in at 53.96% in Q1 2026, up 800.0% YoY from 6.0% in Q1 2025, and up 4.99% on a QoQ basis from 56.8% in Q4 2025.
Carlsmed (CARL) Net Margin (2024 - 2026) Analysis & Trends
Carlsmed (CARL) has 3 years of Net Margin data on file, last reported at 53.96% in 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 rose to 53.96% in Q1 2026, from 56.8% in the prior quarter.
- In the past five years, Net Margin ranged from a high of 50.17% in Q4 2024 to a low of 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.
- The widest YoY moves for Net Margin: up 6233 bps in 2025, down 663 bps in 2025.
- Tracing CARL's Net Margin over 3 years: stood at 50.17% in 2024, then slipped by 13 bps to 56.8% in 2025, then climbed by 5 bps to 53.96% in 2026.
- The last three Net Margin figures came in at 53.96% (Q1 2026), 56.8% (Q4 2025), and 65.21% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Veeva Systems | 39.72 Bn | 32.40 Bn | 662.02 Mn | 29.55% |
| 2 | BrightSpring Health Services | 12.19 Bn | 11.64 Bn | 492.75 Mn | 2.18% |
| 3 | Healthequity | 8.79 Bn | 8.52 Bn | 256.31 Mn | 19.57% |
| 4 | 10x Genomics | 7.31 Bn | 6.76 Bn | 112.50 Mn | -11.87% |
| 5 | Hinge Health | 7.10 Bn | 6.71 Bn | 183.95 Mn | 20.25% |
| 6 | MiniMed | 5.66 Bn | 5.36 Bn | 480.00 Mn | -22.10% |
| 7 | Waystar Holding | 4.76 Bn | 4.56 Bn | 221.99 Mn | 12.78% |
| 8 | Doximity | 4.46 Bn | 3.77 Bn | 132.93 Mn | 15.53% |
| 9 | Heartflow | 3.66 Bn | 3.28 Bn | 53.19 Mn | -24.57% |
| 10 | Carlsmed | 389.87 Mn | 276.57 Mn | 14.54 Mn | -55.49% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | -55.49% |
| 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% |