Pulmonx (LUNG) Gross Margin (2019 - 2025)
Pulmonx (LUNG) posted quarterly Gross Margin of 74.65% for 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.
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.
- In Q3 2025, Gross Margin rose 95.0% year-over-year to 74.65%; the TTM figure through Sep 2025 stood at 73.3% (down 86.0% YoY), while the FY2024 annual figure was 74.0%, up 9.0% from the prior year.
- Gross Margin improved 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.
- Historically, Gross Margin has averaged 73.79% across 5 years, with a median of 73.99% in 2021.
- Annual changes were most pronounced in 2021 — Gross Margin surged 4644 bps — and 2023, when it tumbled 235 bps.
- Pulmonx's Gross Margin stood at 74.78% in 2021, then slipped by 3 bps to 72.51% in 2022, then grew by 3 bps to 74.7% in 2023, then declined by 1 bps to 74.02% in 2024, then gained by 1 bps to 74.65% in 2025.
- Business Quant data shows LUNG's Gross Margin at 74.65% in Q3 2025, 72.11% in Q2 2025, and 72.51% in Q1 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Abbott Laboratories | 198.70 Bn | 193.10 Bn | 7.27 Bn | 57.71% |
| 2 | Stryker | 125.85 Bn | 122.37 Bn | 4.50 Bn | 68.27% |
| 3 | Medtronic | 118.44 Bn | 109.22 Bn | 6.41 Bn | 65.35% |
| 4 | Boston Scientific | 72.64 Bn | 72.10 Bn | 3.85 Bn | 70.71% |
| 5 | Edwards Lifesciences | 51.94 Bn | 47.69 Bn | 1.35 Bn | 77.46% |
| 6 | Dexcom | 34.48 Bn | 32.53 Bn | 830.00 Mn | 63.44% |
| 7 | GE HealthCare Technologies | 33.60 Bn | 31.49 Bn | 2.18 Bn | 41.17% |
| 8 | Koninklijke Philips | 26.30 Bn | 22.98 Bn | 4.55 Bn | 47.38% |
| 9 | Steris | 23.00 Bn | 22.52 Bn | 684.20 Mn | 45.84% |
| 10 | Pulmonx | 93.95 Mn | 24.20 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% |