Immatics (IMTX) Operating Margin (2019 - 2025)

Immatics has disclosed Operating Margin across 7 years of filings, most recently posting 196.76% for Q4 2025.

• Operating Margin for Q4 2025 came in at 196.76%, down 19948.0% year-over-year; the trailing twelve-month figure through Dec 2025 was 382.54% (down 34514.0% YoY), and the FY2025 annual result was 377.11%, down 35233.0% from the prior year.
• Operating Margin came in at 196.76% for Q4 2025 at Immatics, up from 1053.27% in the prior quarter.
• In the past five years, Operating Margin ranged from a high of 66.56% in Q1 2022 to a low of 1121.53% in Q2 2025.
• The 5-year median for Operating Margin is 159.83% (2022), against an average of 260.99%.
• Across the five-year window, Operating Margin surged 56382 bps in 2024 and slumped 105572 bps in 2025, its largest moves.
• Immatics' Operating Margin stood at 102.12% in 2021, then jumped by 100 bps to 0.12% in 2022, then tumbled by 145732 bps to 174.07% in 2023, then jumped by 102 bps to 2.73% in 2024, then tumbled by 7312 bps to 196.76% in 2025.
• The last three Operating Margin figures came in at 196.76% (Q4 2025), 1053.27% (Q3 2025), and 1121.53% (Q2 2025), per Business Quant data.