Codexis (CDXS) Gross Margin (2010 - 2026)
Codexis' Gross Margin was 76.45% in Q2 2026, down 9.86 percentage points from 86.31% a year earlier and down 10.01 percentage points from the prior quarter.
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Analysis
Codexis (CDXS) Gross Margin (2010 - 2026) Analysis & Trends
On a trailing twelve-month basis, Codexis' Gross Margin was 87.02% through Jun 30, 2026, up 9.41 percentage points year-over-year; for FY2025, it was 86.73%, up 14.18 percentage points from FY2024.
- Gross Margin shows a five-year change of +6.63 percentage points (FY2020 to FY2025).
- In earlier years, Gross Margin was 72.55% in FY2024 (-9.19 pp), 81.74% in FY2023 (+9.18 pp), 72.56% in FY2022 (-6.24 pp) and 78.80% in FY2021 (-1.30 pp).
- Quarterly Gross Margin has moved between 56.61% (Q2 2024) and 94.75% (Q4 2025) over five years.
- Compared with a year earlier, Gross Margin was higher in four of the last eight quarters, with an average year-over-year change of +4.48 percentage points.
- The best year-over-year quarter for Gross Margin over five years was Q2 2025 (a gain of 29.70 percentage points); the worst was Q2 2024 (a drop of 28.48 percentage points).
- Per Business Quant data, CDXS's Gross Margin in the three quarters before Q2 2026 was 86.46% (Q1 2026), 94.75% (Q4 2025) and 71.34% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Thermo Fisher Scientific | 251.30 Bn | 230.45 Bn | 4.88 Bn | 40.70% |
| 2 | Abbott Laboratories | 174.70 Bn | 145.78 Bn | 7.27 Bn | 57.71% |
| 3 | Danaher | 158.94 Bn | 142.76 Bn | 3.61 Bn | 57.64% |
| 4 | Intuitive Surgical | 145.87 Bn | 125.42 Bn | 1.96 Bn | 67.78% |
| 5 | Medtronic | 111.49 Bn | 77.36 Bn | 6.34 Bn | 64.99% |
| 6 | Stryker | 106.96 Bn | 93.08 Bn | 4.50 Bn | 68.27% |
| 7 | Boston Scientific | 63.62 Bn | 58.63 Bn | 3.85 Bn | 70.71% |
| 8 | Edwards Lifesciences | 50.80 Bn | 34.92 Bn | 1.35 Bn | 77.46% |
| 9 | Becton Dickinson | 49.59 Bn | 46.74 Bn | 2.32 Bn | 46.46% |
| 10 | Codexis | 123.37 Mn | -133.68 Mn | 11.40 Mn | 76.45% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 76.45% |
| Mar 31, 2026 | 86.46% |
| Dec 31, 2025 | 94.75% |
| Sep 30, 2025 | 71.34% |
| Jun 30, 2025 | 86.31% |
| Mar 31, 2025 | 63.78% |
| Dec 31, 2024 | 82.97% |
| Sep 30, 2024 | 66.36% |
| Jun 30, 2024 | 56.61% |
| Mar 31, 2024 | 71.56% |
| Dec 31, 2023 | 89.22% |
| Sep 30, 2023 | 75.76% |
| Jun 30, 2023 | 85.10% |
| Mar 31, 2023 | 65.17% |
| Dec 31, 2022 | 72.16% |
| Sep 30, 2022 | 71.61% |
| Jun 30, 2022 | 70.66% |
| Mar 31, 2022 | 75.89% |
| Dec 31, 2021 | 72.22% |
| Sep 30, 2021 | 81.32% |
API Access
Codexis Gross Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=gross-margin&ticker=CDXS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "ticker": "CDXS", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=gross-margin&ticker=CDXS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();