Heartflow (HTFL) Gross Margin (2024 - 2026)
Heartflow (HTFL) posted Gross Margin of 83.0% for Q2 2026, up 4.39% on a QoQ basis from 79.51% in Q4 2025, and up 752.0% year-over-year from 9.74% in Q2 2025.
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Heartflow (HTFL) Gross Margin (2024 - 2026) Analysis & Trends
Heartflow has reported Gross Margin for 3 years, with the latest figure at 83.0% in Q2 2026.
- On a quarterly basis, Gross Margin rose 752.0% year-over-year to 83.0% in Q2 2026; TTM through Jun 2026 was 79.07%, a 336.0% increase from a year earlier, with the FY2025 full-year figure at 76.8%, up 173.0% from the prior year.
- Gross Margin was 83.0% for Q2 2026 at Heartflow, up from 79.51% in the prior quarter.
- The five-year high for Gross Margin was 83.0% in Q2 2026, with the low at 75.05% in Q4 2024.
- Average Gross Margin over 3 years is 77.44%, with a median of 76.53% recorded in 2025.
- The sharpest annual moves came in 2025 and 2026: Gross Margin tumbled 128 bps in 2025, then surged 752 bps in 2026.
- Over 3 years, Gross Margin stood at 75.05% in 2024, then gained by 6 bps to 79.51% in 2025, then grew by 4 bps to 83.0% in 2026.
- The last three Gross Margin figures came in at 83.0% (Q2 2026), 79.51% (Q4 2025), and 76.53% (Q3 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | GE HealthCare Technologies | 31.10 Bn | 29.22 Bn | 2.18 Bn | 41.17% |
| 2 | Lantheus Holdings | 6.59 Bn | 6.00 Bn | 241.86 Mn | 62.30% |
| 3 | Heartflow | 4.24 Bn | 3.87 Bn | 53.19 Mn | 83.00% |
| 4 | Neogen | 2.58 Bn | 2.39 Bn | 107.80 Mn | 47.85% |
| 5 | Butterfly Network | 1.75 Bn | 1.62 Bn | 23.29 Mn | 71.41% |
| 6 | QuidelOrtho | 954.15 Mn | 830.75 Mn | - | - |
| 7 | Ceribell | 944.88 Mn | 815.62 Mn | 25.94 Mn | 92.32% |
| 8 | Anbio Biotechnology | 941.05 Mn | 929.15 Mn | - | - |
| 9 | Varex Imaging | 780.16 Mn | 694.86 Mn | 76.70 Mn | 36.44% |
| 10 | Prenetics Global | 357.49 Mn | 298.35 Mn | 30.20 Mn | 64.97% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 83.00% |
| Dec 31, 2025 | 79.51% |
| Sep 30, 2025 | 76.53% |
| Jun 30, 2025 | 75.48% |
| Dec 31, 2024 | 75.05% |
| Sep 30, 2024 | 75.72% |
| Jun 30, 2024 | 76.77% |