Krystal Biotech (KRYS) Operating Margin (2023 - 2026)

Krystal Biotech's (KRYS) quarterly Operating Margin came in at 46.14% in Q1 2026, up 503.0% year-on-year from 7.65% in Q1 2025, and up 11.63% quarter-over-quarter from 41.34% in Q4 2025.

Krystal Biotech (KRYS) Operating Margin (2023 - 2026) Analysis & Trends

Krystal Biotech has disclosed Operating Margin across 4 years of filings, most recently posting 46.14% for Q1 2026.

  • Operating Margin for Q1 2026 came in at 46.14%, up 503.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 42.81% (up 1022.0% YoY), and the FY2025 annual result was 41.45%, up 1882.0% from the prior year.
  • Operating Margin came in at 46.14% for Q1 2026 at Krystal Biotech, up from 41.34% in the prior quarter.
  • In the past five years, Operating Margin ranged from a high of 46.14% in Q1 2026 to a low of 303.8% in Q3 2023.
  • The 4-year median for Operating Margin is 40.94% (2025), against an average of 1.33%.
  • Across the five-year window, Operating Margin surged 33060 bps in 2024 and plunged 407 bps in 2025, its largest moves.
  • Krystal Biotech's Operating Margin stood at 7.71% in 2023, then jumped by 489 bps to 45.41% in 2024, then slipped by 9 bps to 41.34% in 2025, then advanced by 12 bps to 46.14% in 2026.
  • The last three Operating Margin figures came in at 46.14% (Q1 2026), 41.34% (Q4 2025), and 42.3% (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Operating Margin (Qtr)
1 Alterity Therapeutics 925,601.88 Bn 925,601.85 Bn - -
2 Belite Bio 58,560.00 Bn 58,560.00 Bn - -
3 Quantum Biopharma 17,284.41 Bn 17,284.40 Bn - -
4 Legend Biotech 2,809.00 Bn 2,808.71 Bn 242.10 Mn -6.43%
5 Evaxion A 1,334.43 Bn 1,334.42 Bn - -
6 Akari Therapeutics 1,312.27 Bn 1,312.26 Bn - -
7 Psyence Biomedical 212.16 Bn 212.16 Bn - -
8 Vertex Pharmaceuticals 114.83 Bn 107.58 Bn 2.59 Bn 38.10%
9 Abivax 91.96 Bn 91.96 Bn - -
10 Krystal Biotech 10.23 Bn 9.41 Bn 110.03 Mn 46.14%

Historic Data

Download Data
DateValue
Mar 31, 2026 46.14%
Dec 31, 2025 41.34%
Sep 30, 2025 42.30%
Jun 30, 2025 40.94%
Mar 31, 2025 41.11%
Dec 31, 2024 45.41%
Sep 30, 2024 26.80%
Jun 30, 2024 12.18%
Mar 31, 2024 -14.75%
Dec 31, 2023 7.71%
Sep 30, 2023 -303.80%