Pulmonx (LUNG) Gross Margin (2019 - 2025)
Pulmonx (LUNG) reported Gross Margin of 74.65% for Q3 2025, up 0.95 percentage points from 73.70% a year earlier and up 2.55 percentage points from the prior quarter.
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Analysis
Pulmonx (LUNG) Gross Margin (2019 - 2025) Analysis & Trends
Over the twelve months ended Sep 30, 2025, Pulmonx's Gross Margin came in at 73.30%, down 0.86 percentage points year-over-year; for FY2024, it came in at 74.00%, up 0.09 percentage points from FY2023.
- Gross Margin has a five-year change of +5.23 percentage points (FY2019 to FY2024).
- By year, Gross Margin came in at 73.90% in FY2023 (-0.39 pp), 74.29% in FY2022 (+0.70 pp), 73.59% in FY2021 (+8.82 pp) and 64.77% in FY2020 (-3.99 pp).
- The Q3 2025 figure ranks as the highest quarterly Gross Margin since Q1 2024.
- Year over year, Gross Margin gained in three of the last eight quarters, with an average year-over-year change of +0.02 percentage points.
- The high point for year-over-year Gross Margin in five years was Q2 2021 (a gain of 46.44 percentage points); the low point was Q1 2023 (a drop of 2.35 percentage points).
- Per Business Quant data, the three quarters before Q3 2025 came in at 72.11% (Q2 2025), 72.51% (Q1 2025) and 74.02% (Q4 2024).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Thermo Fisher Scientific | 265.71 Bn | 242.23 Bn | 5.13 Bn | 42.28% |
| 2 | Abbott Laboratories | 189.37 Bn | 163.23 Bn | 7.39 Bn | 56.75% |
| 3 | Danaher | 164.78 Bn | 144.43 Bn | 3.84 Bn | 58.54% |
| 4 | Intuitive Surgical | 157.85 Bn | 138.13 Bn | 2.08 Bn | 68.37% |
| 5 | Medtronic | 129.66 Bn | 94.91 Bn | 6.34 Bn | 64.99% |
| 6 | Stryker | 121.82 Bn | 108.01 Bn | 4.25 Bn | 65.15% |
| 7 | Boston Scientific | 63.42 Bn | 58.86 Bn | 3.43 Bn | 66.72% |
| 8 | Edwards Lifesciences | 59.49 Bn | 42.69 Bn | 1.35 Bn | 78.48% |
| 9 | Becton Dickinson | 58.38 Bn | 55.53 Bn | 2.32 Bn | 46.46% |
| 10 | Pulmonx | 116.67 Mn | -202.56 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% |
API Access
Pulmonx 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=LUNG&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "ticker": "LUNG", "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=LUNG&period=max&api_key=YOUR_API_KEY");
const data = await res.json();