Grail (GRAL) Gross Margin (2023 - 2026)
Grail (GRAL) posted Gross Margin of 24.81% for Q1 2026, down 32.09% quarter-over-quarter from 36.53% in Q4 2025, and up 3467.0% year-on-year from 0.7% in Q1 2025.
Grail (GRAL) Gross Margin (2023 - 2026) Analysis & Trends
Grail (GRAL) has reported Gross Margin for 4 consecutive years, with 24.81% the latest figure, recorded in Q1 2026.
- Gross Margin for Q1 2026 came in at 24.81%, up 3467.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 28.02% (up 3674.0% YoY), and the FY2025 annual result was 20.71%, up 4329.0% from the prior year.
- Gross Margin was 24.81% for Q1 2026 at Grail, down from 36.53% in the prior quarter.
- Over five years, Gross Margin peaked at 36.53% in Q4 2025 and troughed at 81.75% in Q2 2023.
- Average Gross Margin over 4 years is 20.04%, with a median of 17.1% recorded in 2025.
- Year-over-year, Gross Margin jumped 9551 bps in 2024 and jumped 1633 bps in 2025.
- Over 4 years, Gross Margin stood at 75.31% in 2023, then jumped by 127 bps to 20.2% in 2024, then jumped by 81 bps to 36.53% in 2025, then tumbled by 32 bps to 24.81% in 2026.
- Per Business Quant data, the three most recent Gross Margin figures were 24.81% in Q1 2026, 36.53% in Q4 2025, and 29.54% in Q3 2025.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Waters | 31,055.11 Bn | 31,054.65 Bn | 1.11 Bn | 87.77% |
| 2 | Thermo Fisher Scientific | 191.02 Bn | 187.77 Bn | 7.74 Bn | 70.37% |
| 3 | Danaher | 137.16 Bn | 131.47 Bn | 3.59 Bn | 60.34% |
| 4 | Idexx Laboratories | 42.82 Bn | 42.62 Bn | 722.74 Mn | 63.35% |
| 5 | Natera | 39.09 Bn | 37.99 Bn | 696.04 Mn | 99.91% |
| 6 | Agilent Technologies | 37.61 Bn | 35.81 Bn | 990.00 Mn | 53.95% |
| 7 | Iqvia Holdings | 34.23 Bn | 32.25 Bn | 1.36 Bn | 32.64% |
| 8 | Illumina | 28.14 Bn | 26.98 Bn | 721.00 Mn | 66.09% |
| 9 | Mettler Toledo International | 26.40 Bn | 26.33 Bn | 555.82 Mn | 58.68% |
| 10 | Grail | 2.77 Bn | 1.94 Bn | 10.12 Mn | 24.81% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 24.81% |
| Dec 31, 2025 | 36.53% |
| Sep 30, 2025 | 29.54% |
| Jun 30, 2025 | 19.71% |
| Mar 31, 2025 | -9.87% |
| Dec 31, 2024 | 20.20% |
| Sep 30, 2024 | -24.34% |
| Jun 30, 2024 | -28.21% |
| Mar 31, 2024 | -75.21% |
| Dec 31, 2023 | -75.31% |
| Oct 1, 2023 | -76.61% |
| Jun 30, 2023 | -81.75% |