Codexis (CDXS) Operating Margin (2010 - 2026)
Codexis (CDXS) posted Operating Margin of 75.29% for Q2 2026, down 42.73% on a QoQ basis from 52.75% in Q1 2026, and up 863.0% year-over-year from 7.82% in Q2 2025.
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Codexis (CDXS) Operating Margin (2010 - 2026) Analysis & Trends
Codexis has reported Operating Margin for 17 years, with the latest figure at 75.29% in Q2 2026.
- On a quarterly basis, Operating Margin rose 863.0% year-over-year to 75.29% in Q2 2026; TTM through Jun 2026 was 35.61%, a 6453.0% increase from a year earlier, with the FY2025 full-year figure at 59.3%, up 3931.0% from the prior year.
- Operating Margin was 75.29% for Q2 2026 at Codexis, down from 52.75% in the prior quarter.
- The five-year high for Operating Margin was 27.13% in Q4 2025, with the low at 345.59% in Q3 2023.
- Average Operating Margin over 5 years is 105.79%, with a median of 68.27% recorded in 2024.
- The sharpest annual moves came in 2023 and 2026: Operating Margin plunged 31473 bps in 2023, then jumped 21884 bps in 2026.
- Over 5 years, Operating Margin stood at 66.92% in 2022, then soared by 108 bps to 5.62% in 2023, then sank by 709 bps to 34.21% in 2024, then jumped by 179 bps to 27.13% in 2025, then slumped by 377 bps to 75.29% in 2026.
- The last three Operating Margin figures came in at 75.29% (Q2 2026), 52.75% (Q1 2026), and 27.13% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Thermo Fisher Scientific | 226.93 Bn | 222.99 Bn | 8.34 Bn | 17.40% |
| 2 | Danaher | 145.94 Bn | 141.60 Bn | 3.61 Bn | 17.99% |
| 3 | Agilent Technologies | 42.55 Bn | 40.79 Bn | 1.04 Bn | 23.64% |
| 4 | Illumina | 32.95 Bn | 31.78 Bn | 770.00 Mn | 21.14% |
| 5 | Revvity | 14.53 Bn | 13.51 Bn | 416.87 Mn | 12.24% |
| 6 | Bio-Techne | 11.31 Bn | 11.04 Bn | 211.39 Mn | 23.13% |
| 7 | Bio-Rad Laboratories | 10.34 Bn | 8.72 Bn | 345.80 Mn | 11.15% |
| 8 | Repligen | 9.46 Bn | 8.44 Bn | 110.04 Mn | 6.85% |
| 9 | Bruker | 8.91 Bn | 8.73 Bn | 416.00 Mn | -7.79% |
| 10 | Codexis | 133.43 Mn | 78.51 Mn | 11.40 Mn | -75.29% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -75.29% |
| Mar 31, 2026 | -52.75% |
| Dec 31, 2025 | 27.13% |
| Sep 30, 2025 | -220.31% |
| Jun 30, 2025 | -83.91% |
| Mar 31, 2025 | -271.59% |
| Dec 31, 2024 | -34.21% |
| Sep 30, 2024 | -129.02% |
| Jun 30, 2024 | -284.90% |
| Mar 31, 2024 | -69.63% |
| Dec 31, 2023 | 5.62% |
| Sep 30, 2023 | -345.59% |
| Jun 30, 2023 | -59.21% |
| Mar 31, 2023 | -182.29% |
| Dec 31, 2022 | -66.92% |
| Sep 30, 2022 | -30.86% |
| Jun 30, 2022 | -6.79% |
| Mar 31, 2022 | -23.73% |
| Dec 31, 2021 | -42.39% |
| Sep 30, 2021 | 3.62% |