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
Download Data
Historic Data
| Date | Value |
|---|---|
| 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% |