Pulmonx (LUNG) Gross Margin (2019 - 2025)
Pulmonx's (LUNG) quarterly Gross Margin came in at 74.65% in Q3 2025, up 95.0% year-over-year from 38.28% in Q3 2024, and up 3.53% quarter-over-quarter from 72.11% in Q2 2025.
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Pulmonx (LUNG) Gross Margin (2019 - 2025) Analysis & Trends
Pulmonx (LUNG) has reported Gross Margin for 7 consecutive years, with 74.65% the latest figure, recorded in Q3 2025.
- On a quarterly basis, Gross Margin rose 95.0% year-over-year to 74.65% in Q3 2025; TTM through Sep 2025 was 73.3%, a 86.0% decrease from a year earlier, with the FY2024 full-year figure at 74.0%, up 9.0% from the prior year.
- Gross Margin was 74.65% for Q3 2025 at Pulmonx, up from 72.11% in the prior quarter.
- Over five years, Gross Margin peaked at 75.21% in Q1 2022 and troughed at 71.52% in Q1 2021.
- A 5-year average of 73.79% and a median of 73.99% in 2021 frame the typical range for Gross Margin.
- Across the five-year window, Gross Margin jumped 4644 bps in 2021 and plunged 235 bps in 2023, its largest moves.
- Over 5 years, Gross Margin stood at 74.78% in 2021, then retreated by 3 bps to 72.51% in 2022, then advanced by 3 bps to 74.7% in 2023, then slipped by 1 bps to 74.02% in 2024, then increased by 1 bps to 74.65% in 2025.
- The last three Gross Margin figures came in at 74.65% (Q3 2025), 72.11% (Q2 2025), and 72.51% (Q1 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Abbott Laboratories | 179.79 Bn | 174.18 Bn | 7.27 Bn | 57.71% |
| 2 | Intuitive Surgical | 127.69 Bn | 122.47 Bn | 1.96 Bn | 67.78% |
| 3 | Medtronic | 117.23 Bn | 108.41 Bn | 6.34 Bn | 64.99% |
| 4 | Stryker | 103.55 Bn | 100.07 Bn | 4.50 Bn | 68.27% |
| 5 | Boston Scientific | 63.24 Bn | 62.70 Bn | 3.85 Bn | 70.71% |
| 6 | Edwards Lifesciences | 49.97 Bn | 45.72 Bn | 1.35 Bn | 77.46% |
| 7 | Alcon | 32.83 Bn | 31.37 Bn | 1.68 Bn | 60.21% |
| 8 | Dexcom | 32.30 Bn | 30.35 Bn | 830.00 Mn | 63.44% |
| 9 | Steris | 20.73 Bn | 20.25 Bn | 684.20 Mn | 45.84% |
| 10 | Pulmonx | 75.94 Mn | 6.19 Mn | - | - |
Historic Data
Download Data
Historic 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% |