Pulmonx (LUNG) Net Margin (2019 - 2025)
Pulmonx (LUNG) reported Net Margin of -64.91% for Q3 2025, up 4.47 percentage points from -69.38% a year earlier but down 1.32 percentage points from the prior quarter.
Powered by 
Analysis
Pulmonx (LUNG) Net Margin (2019 - 2025) Analysis & Trends
Over the twelve months ended Sep 30, 2025, Pulmonx's Net Margin came in at -61.91%, up 10.10 percentage points year-over-year; for FY2024, it was -67.30%, up 21.29 percentage points from FY2023.
- Net Margin has a five-year change of -3.79 percentage points (FY2019 to FY2024).
- By year, Net Margin came in at -88.60% in FY2023 (+21.21 pp), -109.80% in FY2022 (-9.30 pp), -100.51% in FY2021 (-2.04 pp) and -98.47% in FY2020 (-34.95 pp).
- Five-year quarterly Net Margin spans a low of -146.76% in Q1 2022 and a high of -55.44% in Q4 2024.
- Year over year, Net Margin has now increased in each of the last 12 quarters, with an average year-over-year change of +16.52 percentage points over the last eight quarters.
- The high point for year-over-year Net Margin in five years was Q2 2021 (a gain of 218.07 percentage points); the low point was Q1 2021 (a drop of 52.24 percentage points).
- Per Business Quant data, the three quarters before Q3 2025 came in at -63.59% (Q2 2025), -64.11% (Q1 2025) and -55.44% (Q4 2024).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Thermo Fisher Scientific | 251.30 Bn | 230.45 Bn | 4.88 Bn | 14.47% |
| 2 | Abbott Laboratories | 174.70 Bn | 145.78 Bn | 7.27 Bn | 7.37% |
| 3 | Danaher | 158.94 Bn | 142.76 Bn | 3.61 Bn | 13.89% |
| 4 | Intuitive Surgical | 145.87 Bn | 125.42 Bn | 1.96 Bn | 28.29% |
| 5 | Medtronic | 111.49 Bn | 77.36 Bn | 6.34 Bn | 15.07% |
| 6 | Stryker | 106.96 Bn | 93.08 Bn | 4.50 Bn | 19.37% |
| 7 | Boston Scientific | 63.62 Bn | 58.63 Bn | 3.85 Bn | 16.67% |
| 8 | Edwards Lifesciences | 50.80 Bn | 34.92 Bn | 1.35 Bn | 13.89% |
| 9 | Becton Dickinson | 49.59 Bn | 46.74 Bn | 2.32 Bn | 7.57% |
| 10 | Pulmonx | 82.51 Mn | -236.71 Mn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2025 | -64.91% |
| Jun 30, 2025 | -63.59% |
| Mar 31, 2025 | -64.11% |
| Dec 31, 2024 | -55.44% |
| Sep 30, 2024 | -69.38% |
| Jun 30, 2024 | -73.74% |
| Mar 31, 2024 | -72.92% |
| Dec 31, 2023 | -72.04% |
| Sep 30, 2023 | -84.33% |
| 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 | -146.76% |
| Dec 31, 2021 | -94.88% |
| Sep 30, 2021 | -76.77% |
| Jun 30, 2021 | -106.22% |
| Mar 31, 2021 | -135.35% |
| Dec 31, 2020 | -94.58% |
API Access
Pulmonx Net 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=net-margin&ticker=LUNG&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-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=net-margin&ticker=LUNG&period=max&api_key=YOUR_API_KEY");
const data = await res.json();