HCW Biologics (HCWB) Gross Margin (2022 - 2026)
HCW Biologics' Gross Margin was -69.25% in Q2 2026, down 89.25 percentage points from 20.00% a year earlier.
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Analysis
HCW Biologics (HCWB) Gross Margin (2022 - 2026) Analysis & Trends
On a trailing twelve-month basis, HCW Biologics' Gross Margin was -45.50% through Jun 30, 2026, down 65.50 percentage points year-over-year; for FY2025, it was 20.00%, down 17.38 percentage points from FY2024.
- Gross Margin shows a three-year change of -18.48 percentage points (FY2022 to FY2025).
- In earlier years, Gross Margin was 37.38% in FY2024 (+17.66 pp), 19.72% in FY2023 (-18.76 pp) and 38.48% in FY2022.
- The Q2 2026 figure marks the lowest quarterly Gross Margin in data going back to Q1 2022.
- Compared with a year earlier, Gross Margin was higher in 1 of the last seven quarters, with an average year-over-year change of -18.93 percentage points.
- The best year-over-year quarter for Gross Margin over five years was Q1 2024 (a gain of 24.64 percentage points); the worst was Q2 2026 (a drop of 89.25 percentage points).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Johnson & Johnson | 638.12 Bn | 556.64 Bn | 17.26 Bn | 68.19% |
| 2 | AbbVie | 462.60 Bn | 435.75 Bn | 12.70 Bn | 74.74% |
| 3 | Merck | 358.70 Bn | 313.13 Bn | 12.21 Bn | 73.54% |
| 4 | Novartis Ag | 272.16 Bn | 228.03 Bn | 11.24 Bn | 78.02% |
| 5 | Astrazeneca | 250.36 Bn | 223.92 Bn | 12.86 Bn | 83.60% |
| 6 | Amgen | 227.87 Bn | 183.27 Bn | 7.24 Bn | 72.04% |
| 7 | Gilead Sciences | 184.97 Bn | 159.08 Bn | 6.22 Bn | 79.76% |
| 8 | Pfizer | 162.61 Bn | 109.56 Bn | 10.94 Bn | 72.78% |
| 9 | Vertex Pharmaceuticals | 132.45 Bn | 104.46 Bn | 2.84 Bn | 85.33% |
| 10 | HCW Biologics | 2.27 Mn | -3.96 Mn | -93,887.00 | -69.25% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -69.25% |
| Dec 31, 2025 | 20.00% |
| Sep 30, 2025 | 20.00% |
| Jun 30, 2025 | 20.00% |
| Mar 31, 2025 | 20.00% |
| Dec 31, 2024 | 20.00% |
| Sep 30, 2024 | 20.00% |
| Jun 30, 2024 | 29.15% |
| Mar 31, 2024 | 54.56% |
| Dec 31, 2023 | 19.08% |
| Sep 30, 2023 | 20.49% |
| Jun 30, 2023 | 19.33% |
| Mar 31, 2023 | 29.92% |
| Dec 31, 2022 | 20.00% |
| Sep 30, 2022 | 20.00% |
| Jun 30, 2022 | 36.74% |
| Mar 31, 2022 | 57.40% |
API Access
HCW Biologics Gross Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=gross-margin&ticker=HCWB&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "ticker": "HCWB", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=gross-margin&ticker=HCWB&period=max&api_key=YOUR_API_KEY");
const data = await res.json();