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 and down 169.09 percentage points from the prior quarter.
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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 95.91% through Jun 30, 2026, up 75.91 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 two of the last eight quarters, with an average year-over-year change of -6.59 percentage points.
- The best year-over-year quarter for Gross Margin over five years was Q1 2026 (a gain of 79.83 percentage points); the worst was Q2 2026 (a drop of 89.25 percentage points).
- Per Business Quant data, HCWB's Gross Margin in the three quarters before Q2 2026 was 99.83% (Q1 2026), 20.00% (Q4 2025) and 20.00% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Eli Lilly | 1,359.75 Bn | 1,333.37 Bn | 20.46 Bn | 83.88% |
| 2 | Johnson & Johnson | 688.76 Bn | 608.62 Bn | 17.30 Bn | 68.12% |
| 3 | AbbVie | 521.69 Bn | 489.75 Bn | 13.12 Bn | 75.38% |
| 4 | Merck | 364.31 Bn | 327.31 Bn | 13.19 Bn | 72.95% |
| 5 | Novartis Ag | 306.35 Bn | 279.93 Bn | - | - |
| 6 | Astrazeneca | 285.96 Bn | 259.56 Bn | 13.26 Bn | 88.03% |
| 7 | Amgen | 251.88 Bn | 203.53 Bn | 7.58 Bn | 73.10% |
| 8 | Gilead Sciences | 208.59 Bn | 183.61 Bn | 6.73 Bn | 81.07% |
| 9 | Pfizer | 164.73 Bn | 112.38 Bn | 12.56 Bn | 75.71% |
| 10 | HCW Biologics | 1.02 Mn | -4.00 Mn | -93,887.00 | -69.25% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -69.25% |
| Mar 31, 2026 | 99.83% |
| 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();