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| Date | Value |
|---|---|
| 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% |