Fortress Biotech (FBIO) Gross Margin (2015 - 2026)
Fortress Biotech (FBIO) posted quarterly Gross Margin of 61.3% for Q4 2025, down 783.0% year-over-year from 8.97% in Q4 2024, and down 9.0% quarter-over-quarter from 67.36% in Q3 2025.
Analysis
Fortress Biotech (FBIO) Gross Margin (2015 - 2026) Analysis & Trends
Fortress Biotech's Gross Margin history runs 11 years deep, the most recent figure standing at 61.3% for Q4 2025.
- In Q4 2025, Gross Margin fell 783.0% year-over-year to 61.3%; the TTM figure through Dec 2025 stood at 65.03% (up 121.0% YoY), while the FY2025 annual figure was 65.83%, up 203.0% from the prior year.
- Gross Margin for Q4 2025 stood at 61.3%, down from 67.36% in the prior quarter.
- The five-year high for Gross Margin was 113.43% in Q4 2022, with the low at 4728.39% in Q2 2021.
- The 5-year median for Gross Margin is 59.72% (2022), against an average of 747.75%.
- The sharpest annual moves came in 2021 and 2022: Gross Margin tumbled 479535 bps in 2021, then surged 478653 bps in 2022.
- Fortress Biotech's Gross Margin stood at 83.71% in 2021, then soared by 35 bps to 113.43% in 2022, then dropped by 25 bps to 85.27% in 2023, then decreased by 19 bps to 69.13% in 2024, then slipped by 11 bps to 61.3% in 2025.
- Business Quant data shows FBIO's Gross Margin at 61.3% in Q4 2025, 67.36% in Q3 2025, and 67.09% in Q2 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Vertex Pharmaceuticals | 141.52 Bn | 133.66 Bn | 2.84 Bn | 85.33% |
| 2 | Regeneron Pharmaceuticals | 86.69 Bn | 78.69 Bn | 3.93 Bn | 91.59% |
| 3 | Argenx Se | 64.63 Bn | 59.45 Bn | 1.37 Bn | 90.43% |
| 4 | Moderna | 59.30 Bn | 54.16 Bn | 52.00 Mn | 35.86% |
| 5 | Revolution Medicines | 44.41 Bn | 44.41 Bn | - | - |
| 6 | BeOne Medicines | 40.45 Bn | 35.35 Bn | 1.53 Bn | 89.76% |
| 7 | Alnylam Pharmaceuticals | 35.29 Bn | 31.98 Bn | 992.69 Mn | 76.90% |
| 8 | Royalty Pharma | 28.44 Bn | 27.60 Bn | - | - |
| 9 | Insmed | 27.55 Bn | 26.39 Bn | 358.27 Mn | 84.20% |
| 10 | Fortress Biotech | 86.15 Mn | -110.42 Mn | 12.58 Mn | 67.18% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 67.18% |
| Dec 31, 2025 | 66.17% |
| Sep 30, 2025 | 67.36% |
| Jun 30, 2025 | 69.91% |
| Mar 31, 2025 | 63.54% |
| Dec 31, 2024 | 69.05% |
| Sep 30, 2024 | 69.44% |
| Jun 30, 2024 | 61.55% |
| Mar 31, 2024 | 53.94% |
| Dec 31, 2023 | 88.73% |
| Sep 30, 2023 | 81.50% |
| Jun 30, 2023 | 55.33% |
| Mar 31, 2023 | 48.11% |
| Dec 31, 2022 | 52.95% |
| Sep 30, 2022 | 56.31% |
| Jun 30, 2022 | 58.14% |
| Mar 31, 2022 | 65.71% |
| Dec 31, 2021 | 47.88% |
| Sep 30, 2021 | 47.04% |
| Jun 30, 2021 | 58.06% |