Harrow (HROW) Gross Margin (2013 - 2026)
Harrow's (HROW) quarterly Gross Margin came in at 61.18% in Q1 2026, down 636.0% year-on-year from 11.41% in Q1 2025, and down 22.82% quarter-over-quarter from 79.27% in Q4 2025.
Harrow (HROW) Gross Margin (2013 - 2026) Analysis & Trends
Harrow's Gross Margin history runs 14 years deep, the most recent figure standing at 61.18% for Q1 2026.
- On a quarterly basis, Gross Margin fell 636.0% year-over-year to 61.18% in Q1 2026; TTM through Mar 2026 was 74.11%, a 42.0% decrease from a year earlier, with the FY2025 full-year figure at 75.05%, down 28.0% from the prior year.
- Gross Margin retreated to 61.18% in Q1 2026 per HROW's latest filing, from 79.27% in the prior quarter.
- Across five years, Gross Margin topped out at 79.27% in Q4 2025 and bottomed at 61.18% in Q1 2026.
- The 5-year median for Gross Margin is 70.62% (2023), against an average of 71.73%.
- Across the five-year window, Gross Margin surged 994 bps in 2024 and sank 636 bps in 2026, its largest moves.
- Year by year, Gross Margin stood at 69.67% in 2022, then retreated by 1 bps to 68.91% in 2023, then grew by 14 bps to 78.85% in 2024, then rose by 1 bps to 79.27% in 2025, then fell by 23 bps to 61.18% in 2026.
- Per Business Quant, the three latest HROW Gross Margin figures stand at 61.18% (Q1 2026), 79.27% (Q4 2025), and 75.28% (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Haleon | 87.22 Bn | 85.35 Bn | - | - |
| 2 | Teva Pharmaceutical Industries | 39.60 Bn | 35.87 Bn | 1.97 Bn | 49.52% |
| 3 | Zoetis | 31.46 Bn | 29.52 Bn | 1.62 Bn | 71.66% |
| 4 | Takeda Pharmaceutical | 26.49 Bn | 22.44 Bn | 4.39 Bn | 62.93% |
| 5 | United Therapeutics | 23.03 Bn | 20.88 Bn | 648.10 Mn | 82.93% |
| 6 | Universe Pharmaceuticals | 23.03 Bn | -10.56 Bn | - | - |
| 7 | Viatris | 20.90 Bn | 19.09 Bn | 1.16 Bn | 32.97% |
| 8 | Neurocrine Biosciences | 17.50 Bn | 16.19 Bn | 800.70 Mn | 98.31% |
| 9 | Elanco Animal Health | 12.33 Bn | 11.91 Bn | 785.00 Mn | 57.26% |
| 10 | Harrow | 1.56 Bn | 1.47 Bn | 27.05 Mn | 61.18% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 61.18% |
| Dec 31, 2025 | 79.27% |
| Sep 30, 2025 | 75.28% |
| Jun 30, 2025 | 74.54% |
| Mar 31, 2025 | 67.54% |
| Dec 31, 2024 | 78.85% |
| Sep 30, 2024 | 75.60% |
| Jun 30, 2024 | 74.38% |
| Mar 31, 2024 | 69.49% |
| Dec 31, 2023 | 68.91% |
| Sep 30, 2023 | 70.62% |
| Jun 30, 2023 | 70.12% |
| Mar 31, 2023 | 68.31% |
| Dec 31, 2022 | 69.67% |
| Sep 30, 2022 | 70.55% |
| Jun 30, 2022 | 71.98% |
| Mar 31, 2022 | 73.04% |
| Dec 31, 2021 | 74.84% |
| Sep 30, 2021 | 73.56% |
| Jun 30, 2021 | 75.64% |