Grail GRAL
NASDAQ GRAL
$82.46 +2.87 (+3.61%)
As of: Aug 27, 2026 · 3:59 PM EDT

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
DateValue
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%