Codexis (CDXS) Gross Margin (2009 - 2026)
Codexis' Gross Margin was 79.16% in Q3 2026, up 7.82 percentage points from 71.34% a year earlier and up 2.71 percentage points from the prior quarter.
Powered by 
Analysis
Codexis (CDXS) Gross Margin (2009 - 2026) Analysis & Trends
On a trailing twelve-month basis, Codexis' Gross Margin was 86.83% through Sep 30, 2026, up 7.52 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 five of the last eight quarters, with an average year-over-year change of +6.63 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 Q3 2026 was 76.45% (Q2 2026), 86.46% (Q1 2026) and 94.75% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Thermo Fisher Scientific | 259.44 Bn | 236.08 Bn | 5.13 Bn | 42.28% |
| 2 | Abbott Laboratories | 187.98 Bn | 162.45 Bn | 7.39 Bn | 56.75% |
| 3 | Danaher | 163.91 Bn | 143.58 Bn | 3.84 Bn | 58.54% |
| 4 | Intuitive Surgical | 153.75 Bn | 134.17 Bn | 2.08 Bn | 68.37% |
| 5 | Medtronic | 131.67 Bn | 97.80 Bn | 6.34 Bn | 64.99% |
| 6 | Stryker | 117.84 Bn | 104.03 Bn | 4.25 Bn | 65.15% |
| 7 | Boston Scientific | 64.27 Bn | 59.95 Bn | 3.43 Bn | 66.72% |
| 8 | Edwards Lifesciences | 61.69 Bn | 45.00 Bn | 1.35 Bn | 78.48% |
| 9 | Medline | 51.94 Bn | 49.07 Bn | 1.93 Bn | 24.50% |
| 10 | Codexis | 127.04 Mn | -143.91 Mn | 15.25 Mn | 79.16% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 79.16% |
| 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% |
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();