Liquidia (LQDA) Gross Margin (2020 - 2026)
Liquidia (LQDA) reported Gross Margin of 93.27% for Q2 2026, up 10.21 percentage points from 83.06% a year earlier and up 2.19 percentage points from the prior quarter.
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Analysis
Liquidia (LQDA) Gross Margin (2020 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Liquidia's Gross Margin came in at 92.54%, up 23.25 percentage points year-over-year; for FY2025, it was 91.64%, up 33.64 percentage points from FY2024.
- Gross Margin has a five-year change of +23.78 percentage points (FY2020 to FY2025).
- By year, Gross Margin came in at 58.00% in FY2024 (-25.49 pp), 83.49% in FY2023 (+1.43 pp), 82.06% in FY2022 (+5.58 pp) and 76.48% in FY2021 (+8.62 pp).
- Five-year quarterly Gross Margin spans a low of 50.64% in Q1 2024 and a high of 94.16% in Q3 2025.
- Year over year, Gross Margin has now increased in each of the last six quarters, with an average year-over-year change of +12.30 percentage points over the last eight quarters.
- The high point for year-over-year Gross Margin in five years was Q1 2026 (a gain of 39.70 percentage points); the low point was Q1 2024 (a drop of 34.80 percentage points).
- Per Business Quant data, the three quarters before Q2 2026 came in at 91.08% (Q1 2026), 92.33% (Q4 2025) and 94.16% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Johnson & Johnson | 655.56 Bn | 574.09 Bn | 17.26 Bn | 68.19% |
| 2 | AbbVie | 470.94 Bn | 444.10 Bn | 12.70 Bn | 74.74% |
| 3 | Merck | 367.14 Bn | 321.57 Bn | 12.21 Bn | 73.54% |
| 4 | Novartis Ag | 280.33 Bn | 236.20 Bn | 11.24 Bn | 78.02% |
| 5 | Astrazeneca | 257.78 Bn | 231.34 Bn | 12.86 Bn | 83.60% |
| 6 | Amgen | 226.04 Bn | 181.44 Bn | 7.24 Bn | 72.04% |
| 7 | Gilead Sciences | 188.89 Bn | 163.01 Bn | 6.22 Bn | 79.76% |
| 8 | Pfizer | 163.75 Bn | 110.70 Bn | 10.94 Bn | 72.78% |
| 9 | Vertex Pharmaceuticals | 133.68 Bn | 105.69 Bn | 2.84 Bn | 85.33% |
| 10 | Liquidia | 6.56 Bn | 5.71 Bn | 160.13 Mn | 93.27% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 93.27% |
| Mar 31, 2026 | 91.08% |
| Dec 31, 2025 | 92.33% |
| Sep 30, 2025 | 94.16% |
| Jun 30, 2025 | 83.06% |
| Mar 31, 2025 | 51.38% |
| Dec 31, 2024 | 53.58% |
| Sep 30, 2024 | 64.82% |
| Jun 30, 2024 | 59.20% |
| Mar 31, 2024 | 50.64% |
| Dec 31, 2023 | 78.08% |
| Sep 30, 2023 | 84.50% |
| Jun 30, 2023 | 85.98% |
| Mar 31, 2023 | 85.44% |
| Dec 31, 2022 | 87.05% |
| Sep 30, 2022 | 76.62% |
| Jun 30, 2022 | 81.34% |
| Mar 31, 2022 | 80.13% |
| Dec 31, 2021 | 77.42% |
| Sep 30, 2021 | 72.00% |
API Access
Liquidia Gross Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=gross-margin&ticker=LQDA&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "ticker": "LQDA", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=gross-margin&ticker=LQDA&period=max&api_key=YOUR_API_KEY");
const data = await res.json();