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 213.88 Bn 209.81 Bn 8.34 Bn 69.57%
2 Danaher 140.65 Bn 136.30 Bn 3.61 Bn 57.64%
3 Idexx Laboratories 46.02 Bn 45.83 Bn 779.09 Mn 64.04%
4 Agilent Technologies 39.85 Bn 38.05 Bn 990.00 Mn 53.95%
5 Iqvia Holdings 39.20 Bn 37.12 Bn 1.44 Bn 32.85%
6 Natera 38.80 Bn 37.70 Bn 696.04 Mn 99.91%
7 Illumina 30.11 Bn 28.94 Bn 770.00 Mn 66.44%
8 Mettler Toledo International 28.66 Bn 28.61 Bn 650.22 Mn 63.29%
9 Quest Diagnostics 26.24 Bn 25.61 Bn 1.03 Bn 33.75%
10 Grail 3.01 Bn 2.19 Bn 19.54 Mn 47.91%

Historic Data

Download Data
DateValue
Mar 31, 2026 47.91%
Dec 31, 2025 52.13%
Sep 30, 2025 99.78%
Jun 30, 2025 45.57%
Mar 31, 2025 99.49%
Dec 31, 2024 66.45%
Sep 30, 2024 99.50%
Jun 30, 2024 98.06%
Mar 31, 2024 94.63%
Dec 31, 2023 90.78%
Oct 1, 2023 47.80%
Jun 30, 2023 90.13%