Guardant Health (GH) Operating Margin (2017 - 2026)
Guardant Health's (GH) quarterly Operating Margin came in at 40.23% in Q1 2026, up 1435.0% year-on-year from 2.62% in Q1 2025, and up 6.34% quarter-over-quarter from 42.95% in Q4 2025.
Guardant Health (GH) Operating Margin (2017 - 2026) Analysis & Trends
Guardant Health has disclosed Operating Margin across 10 years of filings, most recently posting 40.23% for Q1 2026.
- Operating Margin for Q1 2026 came in at 40.23%, up 1435.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 41.43% (up 1735.0% YoY), and the FY2025 annual result was 44.53%, up 1550.0% from the prior year.
- Operating Margin came in at 40.23% for Q1 2026 at Guardant Health, up from 42.95% in the prior quarter.
- In the past five years, Operating Margin ranged from a high of 37.33% in Q3 2025 to a low of 128.34% in Q1 2022.
- The 5-year median for Operating Margin is 62.42% (2024), against an average of 79.1%.
- Across the five-year window, Operating Margin slumped 2431 bps in 2022 and soared 6497 bps in 2024, its largest moves.
- Guardant Health's Operating Margin stood at 115.15% in 2022, then retreated by 11 bps to 127.38% in 2023, then surged by 51 bps to 62.42% in 2024, then jumped by 31 bps to 42.95% in 2025, then gained by 6 bps to 40.23% in 2026.
- The last three Operating Margin figures came in at 40.23% (Q1 2026), 42.95% (Q4 2025), and 37.33% (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Waters | 29,902.70 Bn | 29,902.24 Bn | 1.11 Bn | -3.71% |
| 2 | Thermo Fisher Scientific | 175.99 Bn | 172.74 Bn | 7.74 Bn | 16.93% |
| 3 | Danaher | 129.87 Bn | 124.18 Bn | 3.59 Bn | 22.58% |
| 4 | Idexx Laboratories | 44.75 Bn | 44.55 Bn | 722.74 Mn | 31.78% |
| 5 | Agilent Technologies | 37.52 Bn | 35.72 Bn | 990.00 Mn | 21.74% |
| 6 | Iqvia Holdings | 30.91 Bn | 28.94 Bn | 1.36 Bn | 12.38% |
| 7 | Natera | 30.21 Bn | 29.11 Bn | 696.04 Mn | -13.42% |
| 8 | Illumina | 24.19 Bn | 23.04 Bn | 721.00 Mn | 19.16% |
| 9 | Mettler Toledo International | 23.12 Bn | 23.06 Bn | 555.82 Mn | 25.23% |
| 10 | Guardant Health | 16.38 Bn | 15.28 Bn | 196.75 Mn | -40.23% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -40.23% |
| Dec 31, 2025 | -42.95% |
| Sep 30, 2025 | -37.33% |
| Jun 30, 2025 | -45.85% |
| Mar 31, 2025 | -54.57% |
| Dec 31, 2024 | -62.42% |
| Sep 30, 2024 | -61.28% |
| Jun 30, 2024 | -56.77% |
| Mar 31, 2024 | -59.16% |
| Dec 31, 2023 | -127.38% |
| Sep 30, 2023 | -79.38% |
| Jun 30, 2023 | -87.22% |
| Mar 31, 2023 | -104.15% |
| Dec 31, 2022 | -115.15% |
| Sep 30, 2022 | -123.16% |
| Jun 30, 2022 | -119.40% |
| Mar 31, 2022 | -128.34% |
| Dec 31, 2021 | -90.84% |
| Sep 30, 2021 | -113.20% |
| Jun 30, 2021 | -106.02% |