Fulgent Genetics (FLGT) Gross Margin (2015 - 2026)
Fulgent Genetics' (FLGT) quarterly Gross Margin came in at 30.21% in Q1 2026, down 838.0% year-on-year from 4.09% in Q1 2025, and down 99.63% quarter-over-quarter from 8145.5% in Q4 2025.
Fulgent Genetics (FLGT) Gross Margin (2015 - 2026) Analysis & Trends
Fulgent Genetics has disclosed Gross Margin across 12 years of filings, most recently posting 30.21% for Q1 2026.
- Gross Margin for Q1 2026 came in at 30.21%, down 838.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 52.24% (up 1344.0% YoY), and the FY2025 annual result was 40.56%, up 274.0% from the prior year.
- Gross Margin came in at 30.21% for Q1 2026 at Fulgent Genetics, down from 8145.5% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 8145.5% in Q4 2025 to a low of 28.43% in Q1 2023.
- The 5-year median for Gross Margin is 40.19% (2024), against an average of 547.65%.
- Across the five-year window, Gross Margin sank 4730 bps in 2023 and soared 810371 bps in 2025, its largest moves.
- Fulgent Genetics' Gross Margin stood at 43.63% in 2022, then dropped by 18 bps to 35.78% in 2023, then rose by 17 bps to 41.79% in 2024, then soared by 19392 bps to 8145.5% in 2025, then slumped by 100 bps to 30.21% in 2026.
- The last three Gross Margin figures came in at 30.21% (Q1 2026), 8145.5% (Q4 2025), and 42.24% (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Waters | 30,529.42 Bn | 30,528.96 Bn | 1.11 Bn | 87.77% |
| 2 | Thermo Fisher Scientific | 183.75 Bn | 180.50 Bn | 7.74 Bn | 70.37% |
| 3 | Danaher | 133.13 Bn | 127.43 Bn | 3.59 Bn | 60.34% |
| 4 | Idexx Laboratories | 46.14 Bn | 45.94 Bn | 722.74 Mn | 63.35% |
| 5 | Agilent Technologies | 38.20 Bn | 36.39 Bn | 990.00 Mn | 53.95% |
| 6 | Natera | 31.50 Bn | 30.40 Bn | 696.04 Mn | 99.91% |
| 7 | Iqvia Holdings | 31.34 Bn | 29.36 Bn | 1.36 Bn | 32.64% |
| 8 | Illumina | 24.51 Bn | 23.36 Bn | 721.00 Mn | 66.09% |
| 9 | Mettler Toledo International | 23.53 Bn | 23.47 Bn | 555.82 Mn | 58.68% |
| 10 | Fulgent Genetics | 570.68 Mn | 288.72 Mn | 21.49 Mn | 30.21% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 30.21% |
| Dec 31, 2025 | 8,145.50% |
| Sep 30, 2025 | 42.24% |
| Jun 30, 2025 | 42.10% |
| Mar 31, 2025 | 38.59% |
| Dec 31, 2024 | 41.79% |
| Sep 30, 2024 | 37.32% |
| Jun 30, 2024 | 37.30% |
| Mar 31, 2024 | 34.28% |
| Dec 31, 2023 | 35.78% |
| Sep 30, 2023 | 47.05% |
| Jun 30, 2023 | 30.32% |
| Mar 31, 2023 | 28.43% |
| Sep 30, 2022 | 43.63% |
| Jun 30, 2022 | 52.08% |
| Mar 31, 2022 | 75.73% |
| Dec 31, 2021 | 75.31% |
| Sep 30, 2021 | 80.92% |
| Jun 30, 2021 | 76.66% |
| Mar 31, 2021 | 79.39% |