Heron Therapeutics HRTX
NASDAQ HRTX
$0.34 -0.01 (-3.54%)
As of: Sep 9, 2026 · 3:59 PM EDT

Heron Therapeutics (HRTX) Gross Margin (2017 - 2026)

Heron Therapeutics' (HRTX) quarterly Gross Margin came in at 69.28% in Q2 2026, down 423.0% on a YoY basis from 21.45% in Q2 2025, and little changed quarter-over-quarter from 69.35% in Q1 2026.

Analysis

Heron Therapeutics (HRTX) Gross Margin (2017 - 2026) Analysis & Trends

Heron Therapeutics (HRTX) has reported Gross Margin for 10 consecutive years, with 69.28% the latest figure, recorded in Q2 2026.

  • For the quarter ending Q2 2026, Gross Margin fell 423.0% year-over-year to 69.28%; the trailing twelve-month figure through Jun 2026 stood at 70.07% (down 454.0% YoY), and the FY2025 full-year result was 73.31%, up 9.0% from the prior year.
  • Gross Margin steadied at 69.28% in Q2 2026 per HRTX's latest filing, from 69.35% in the prior quarter.
  • Across five years, Gross Margin topped out at 78.26% in Q1 2025 and bottomed at 36.53% in Q2 2023.
  • Historically, Gross Margin has averaged 61.82% across 5 years, with a median of 69.31% in 2026.
  • The sharpest annual moves came in 2024 and 2026: Gross Margin soared 3427 bps in 2024, then tumbled 891 bps in 2026.
  • Over 5 years, Gross Margin stood at 57.95% in 2022, then advanced by 23 bps to 71.12% in 2023, then climbed by 5 bps to 74.92% in 2024, then fell by 3 bps to 72.61% in 2025, then dropped by 5 bps to 69.28% in 2026.
  • According to Business Quant data, Gross Margin over the past three periods registered 69.28%, 69.35%, and 72.61% for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Gross Margin (Qtr)
1 Amgen 236.37 Bn 222.38 Bn 7.24 Bn 72.04%
2 Gilead Sciences 187.38 Bn 184.12 Bn 6.22 Bn 79.76%
3 Vertex Pharmaceuticals 138.36 Bn 130.51 Bn 2.84 Bn 85.33%
4 Regeneron Pharmaceuticals 85.09 Bn 77.10 Bn 3.93 Bn 91.59%
5 Argenx Se 63.93 Bn 58.75 Bn 1.37 Bn 90.43%
6 Moderna 58.07 Bn 52.94 Bn 52.00 Mn 35.86%
7 Alnylam Pharmaceuticals 35.59 Bn 32.28 Bn 992.69 Mn 76.90%
8 Biogen 32.63 Bn 31.34 Bn 1.96 Bn 71.60%
9 Insmed 27.57 Bn 26.41 Bn 358.27 Mn 84.20%
10 Heron Therapeutics 64.55 Mn 21.89 Mn 26.09 Mn 69.28%
Historic Data

Historic Data

Download Data
DateValue
Jun 30, 2026 69.28%
Mar 31, 2026 69.35%
Dec 31, 2025 72.61%
Sep 30, 2025 68.82%
Jun 30, 2025 73.50%
Mar 31, 2025 78.26%
Dec 31, 2024 74.92%
Sep 30, 2024 71.17%
Jun 30, 2024 70.80%
Mar 31, 2024 75.64%
Dec 31, 2023 71.12%
Sep 30, 2023 42.08%
Jun 30, 2023 36.53%
Mar 31, 2023 43.09%
Dec 31, 2022 57.95%
Sep 30, 2022 44.58%
Jun 30, 2022 41.46%
Mar 31, 2022 51.59%
Dec 31, 2021 47.03%
Sep 30, 2021 51.14%