Pulmonx (LUNG) Net Margin (2019 - 2025)
Pulmonx's (LUNG) quarterly Net Margin came in at 64.91% in Q3 2025, up 451.0% year-over-year from 11.78% in Q3 2024, and down 1.91% quarter-over-quarter from 63.69% in Q2 2025.
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Pulmonx (LUNG) Net Margin (2019 - 2025) Analysis & Trends
Pulmonx (LUNG) has reported Net Margin for 7 consecutive years, with 64.91% the latest figure, recorded in Q3 2025.
- On a quarterly basis, Net Margin rose 451.0% year-over-year to 64.91% in Q3 2025; TTM through Sep 2025 was 61.9%, a 1016.0% increase from a year earlier, with the FY2024 full-year figure at 67.3%, up 2129.0% from the prior year.
- Net Margin was 64.91% for Q3 2025 at Pulmonx, down from 63.69% in the prior quarter.
- Over five years, Net Margin peaked at 55.28% in Q4 2024 and troughed at 147.07% in Q1 2022.
- A 5-year average of 88.81% and a median of 84.57% in 2023 frame the typical range for Net Margin.
- The widest YoY moves for Net Margin: up 21910 bps in 2021, down 5259 bps in 2021.
- Over 5 years, Net Margin stood at 94.81% in 2021, then grew by 2 bps to 92.6% in 2022, then rose by 22 bps to 72.04% in 2023, then grew by 23 bps to 55.28% in 2024, then dropped by 17 bps to 64.91% in 2025.
- The last three Net Margin figures came in at 64.91% (Q3 2025), 63.69% (Q2 2025), and 64.11% (Q1 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Abbott Laboratories | 180.08 Bn | 174.48 Bn | 7.27 Bn | 7.37% |
| 2 | Intuitive Surgical | 127.86 Bn | 122.64 Bn | 1.96 Bn | 28.46% |
| 3 | Medtronic | 117.15 Bn | 108.33 Bn | 6.34 Bn | 15.17% |
| 4 | Stryker | 103.82 Bn | 100.34 Bn | 4.50 Bn | 19.37% |
| 5 | Boston Scientific | 63.24 Bn | 62.70 Bn | 3.85 Bn | 16.67% |
| 6 | Edwards Lifesciences | 49.76 Bn | 45.51 Bn | 1.35 Bn | 13.87% |
| 7 | Alcon | 32.95 Bn | 31.49 Bn | 1.68 Bn | - |
| 8 | Dexcom | 32.22 Bn | 30.27 Bn | 830.00 Mn | 19.04% |
| 9 | Steris | 20.71 Bn | 20.23 Bn | 684.20 Mn | 13.47% |
| 10 | Pulmonx | 76.96 Mn | 7.21 Mn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2025 | -64.91% |
| Jun 30, 2025 | -63.69% |
| Mar 31, 2025 | -64.11% |
| Dec 31, 2024 | -55.28% |
| Sep 30, 2024 | -69.42% |
| Jun 30, 2024 | -73.82% |
| Mar 31, 2024 | -73.00% |
| Dec 31, 2023 | -72.04% |
| Sep 30, 2023 | -84.57% |
| Jun 30, 2023 | -94.19% |
| Mar 31, 2023 | -109.12% |
| Dec 31, 2022 | -92.60% |
| Sep 30, 2022 | -104.96% |
| Jun 30, 2022 | -104.95% |
| Mar 31, 2022 | -147.07% |
| Dec 31, 2021 | -94.81% |
| Sep 30, 2021 | -76.77% |
| Jun 30, 2021 | -106.38% |
| Mar 31, 2021 | -135.71% |
| Dec 31, 2020 | -94.50% |