Fulgent Genetics (FLGT) Gross Margin (2015 - 2026)
Fulgent Genetics (FLGT) recorded Gross Margin of 30.07% in Q2 2026, down 12.02 percentage points from 42.10% a year earlier and down 0.14 percentage points from the prior quarter.
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Analysis
Fulgent Genetics (FLGT) Gross Margin (2015 - 2026) Analysis & Trends
On a TTM basis, Fulgent Genetics' Gross Margin came in at 35.58% as of Jun 30, 2026, down 4.45 percentage points year-over-year; for FY2025, it came in at 40.56%, up 2.74 percentage points from FY2024.
- Annual Gross Margin has a five-year change of -38.14 percentage points (FY2020 to FY2025).
- Across earlier years, Gross Margin came in at 37.82% in FY2024 (+1.71 pp), 36.12% in FY2023 (-23.16 pp), 59.28% in FY2022 (-19.01 pp) and 78.29% in FY2021 (-0.42 pp).
- The Q2 2026 figure is the lowest quarterly Gross Margin since Q1 2023.
- On a year-over-year basis, Gross Margin has declined for three consecutive quarters, with an average year-over-year change of -1.60 percentage points over the last eight quarters.
- Peak year-over-year performance for Gross Margin in the last five years was a gain of 16.60 percentage points in Q4 2023, against a drop of 56.13 percentage points in Q4 2022 at the low end.
- Per Business Quant, the preceding three quarters came in at 30.21% (Q1 2026), 39.10% (Q4 2025) and 42.24% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | HCA Healthcare | 102.33 Bn | 98.34 Bn | - | - |
| 2 | Natera | 58.02 Bn | 53.71 Bn | 485.19 Mn | 64.46% |
| 3 | Labcorp Holdings | 26.32 Bn | 24.07 Bn | 1.11 Bn | 29.80% |
| 4 | Quest Diagnostics | 26.21 Bn | 24.34 Bn | 1.03 Bn | 33.75% |
| 5 | Tenet Healthcare | 22.64 Bn | 11.64 Bn | - | - |
| 6 | Guardant Health | 21.18 Bn | 17.25 Bn | 219.03 Mn | 65.39% |
| 7 | Fresenius Medical Care AG | 12.98 Bn | 4.93 Bn | 1.52 Bn | 26.95% |
| 8 | BrightSpring Health Services | 12.93 Bn | 11.26 Bn | 492.75 Mn | 12.72% |
| 9 | Davita | 12.37 Bn | 9.58 Bn | 1.16 Bn | 32.70% |
| 10 | Fulgent Genetics | 572.14 Mn | -673.07 Mn | 25.68 Mn | 30.07% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 30.07% |
| Mar 31, 2026 | 30.21% |
| Dec 31, 2025 | 39.10% |
| 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% |
| Dec 31, 2022 | 19.18% |
| 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% |
API Access
Fulgent Genetics 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=FLGT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "ticker": "FLGT", "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=FLGT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();