Grail (GRAL) Gross Margin (2023 - 2026)
Grail's (GRAL) quarterly Gross Margin came in at 47.91% in Q1 2026, down 5158.0% YoY from 0.95% in Q1 2025, and down 8.08% on a QoQ basis from 52.13% in Q4 2025.
Grail (GRAL) Gross Margin (2023 - 2026) Analysis & Trends
Grail (GRAL) has 4 years of Gross Margin data on file, last reported at 47.91% in Q1 2026.
- Quarterly Gross Margin fell 5158.0% year-over-year to 47.91% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 60.58% (down 2889.0% YoY) and the FY2025 annual result came in at 50.23%, down 3935.0% from the prior year.
- Gross Margin retreated to 47.91% in Q1 2026, from 52.13% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 99.78% in Q3 2025 to a low of 45.57% in Q2 2025.
- A 4-year average of 77.69% and a median of 90.46% in 2023 frame the typical range for Gross Margin.
- Annual changes were most pronounced in 2024 — Gross Margin jumped 5170 bps — and 2025, when it slumped 5249 bps.
- Tracing GRAL's Gross Margin over 4 years: stood at 90.78% in 2023, then declined by 27 bps to 66.45% in 2024, then declined by 22 bps to 52.13% in 2025, then retreated by 8 bps to 47.91% in 2026.
- The last three Gross Margin figures came in at 47.91% (Q1 2026), 52.13% (Q4 2025), and 99.78% (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Thermo Fisher Scientific | 234.15 Bn | 230.09 Bn | 8.34 Bn | 69.57% |
| 2 | Danaher | 152.10 Bn | 147.75 Bn | 3.61 Bn | 57.64% |
| 3 | Natera | 48.48 Bn | 47.38 Bn | 486.15 Mn | 64.58% |
| 4 | Agilent Technologies | 44.35 Bn | 42.55 Bn | 990.00 Mn | 53.95% |
| 5 | Iqvia Holdings | 43.68 Bn | 41.60 Bn | 1.44 Bn | 32.85% |
| 6 | Idexx Laboratories | 43.02 Bn | 42.83 Bn | 779.09 Mn | 64.04% |
| 7 | Illumina | 34.39 Bn | 33.22 Bn | 770.00 Mn | 66.44% |
| 8 | Mettler Toledo International | 28.29 Bn | 28.24 Bn | 650.22 Mn | 63.29% |
| 9 | Labcorp Holdings | 27.51 Bn | 27.37 Bn | 1.11 Bn | 29.80% |
| 10 | Grail | 3.56 Bn | 2.70 Bn | 21.34 Mn | 47.75% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 47.75% |
| Mar 31, 2026 | 47.91% |
| Dec 31, 2025 | 52.13% |
| Sep 30, 2025 | 56.04% |
| Jun 30, 2025 | 45.57% |
| Mar 31, 2025 | 46.22% |
| Sep 30, 2024 | 44.26% |
| Jun 30, 2024 | 50.61% |
| Mar 31, 2024 | 48.65% |
| Dec 31, 2023 | 54.46% |
| Oct 1, 2023 | 47.80% |
| Jun 30, 2023 | 60.24% |