Pulmonx (LUNG) Gross Margin (2019 - 2025)
Pulmonx (LUNG) reported Gross Margin of 74.65% for Q3 2025, up 95.0% year-over-year from 38.28% in Q3 2024, and up 3.53% on a QoQ basis from 72.11% in Q2 2025.
Pulmonx (LUNG) has 7 years of Gross Margin data on file, last reported at 74.65% in Q3 2025.
- Quarterly Gross Margin rose 95.0% year-over-year to 74.65% in Q3 2025, while the trailing twelve-month figure through Sep 2025 was 73.3% (down 86.0% YoY) and the FY2024 annual result came in at 74.0%, up 9.0% from the prior year.
- Gross Margin advanced to 74.65% in Q3 2025 per LUNG's latest filing, from 72.11% in the prior quarter.
- Across five years, Gross Margin topped out at 75.21% in Q1 2022 and bottomed at 71.52% in Q1 2021.
- The 5-year median for Gross Margin is 73.99% (2021), against an average of 73.79%.
- The widest annual swing landed in 2021, when Gross Margin soared 4644 bps; it then sank 235 bps in 2023.
- Tracing LUNG's Gross Margin over 5 years: stood at 74.78% in 2021, then fell by 3 bps to 72.51% in 2022, then gained by 3 bps to 74.7% in 2023, then decreased by 1 bps to 74.02% in 2024, then grew by 1 bps to 74.65% in 2025.
- Per Business Quant, the three latest LUNG Gross Margin figures stand at 74.65% (Q3 2025), 72.11% (Q2 2025), and 72.51% (Q1 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Abbott Laboratories | 152.82 Bn | 146.17 Bn | 6.27 Bn | 56.20% |
| 2 | Stryker | 115.07 Bn | 112.19 Bn | 3.81 Bn | 63.29% |
| 3 | Medtronic | 95.25 Bn | 87.08 Bn | 5.76 Bn | 63.83% |
| 4 | Boston Scientific | 71.38 Bn | 70.17 Bn | 3.61 Bn | 69.46% |
| 5 | Edwards Lifesciences | 51.08 Bn | 47.41 Bn | 1.29 Bn | 78.01% |
| 6 | Koninklijke Philips | 29.38 Bn | 26.07 Bn | 2.07 Bn | 45.22% |
| 7 | Dexcom | 28.84 Bn | 27.72 Bn | 750.30 Mn | 62.95% |
| 8 | GE HealthCare Technologies | 28.56 Bn | 26.49 Bn | 1.98 Bn | 38.53% |
| 9 | Steris | 20.71 Bn | 20.30 Bn | 697.10 Mn | 43.89% |
| 10 | Pulmonx | 67.30 Mn | -2.45 Mn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Sep 30, 2025 | 74.65% |
| Jun 30, 2025 | 72.11% |
| Mar 31, 2025 | 72.51% |
| Dec 31, 2024 | 74.02% |
| Sep 30, 2024 | 73.70% |
| Jun 30, 2024 | 73.65% |
| Mar 31, 2024 | 74.67% |
| Dec 31, 2023 | 74.70% |
| Sep 30, 2023 | 73.74% |
| Jun 30, 2023 | 74.06% |
| Mar 31, 2023 | 72.85% |
| Dec 31, 2022 | 72.51% |
| Sep 30, 2022 | 75.19% |
| Jun 30, 2022 | 74.68% |
| Mar 31, 2022 | 75.21% |
| Dec 31, 2021 | 74.78% |
| Sep 30, 2021 | 73.44% |
| Jun 30, 2021 | 73.99% |
| Mar 31, 2021 | 71.52% |
| Dec 31, 2020 | 72.00% |
| Sep 30, 2020 | 70.32% |
| Jun 30, 2020 | 27.55% |
| Mar 31, 2020 | 65.56% |
| Dec 31, 2019 | 70.91% |
| Sep 30, 2019 | 70.38% |