Pulmonx (LUNG) Operating Margin (2019 - 2025)
Pulmonx (LUNG) posted quarterly Operating Margin of 66.94% for Q3 2025, up 237.0% year-over-year from 19.86% in Q3 2024, and down 7.88% quarter-over-quarter from 62.05% in Q2 2025.
Pulmonx (LUNG) Operating Margin (2019 - 2025) Analysis & Trends
Pulmonx (LUNG) has reported Operating Margin for 7 consecutive years, with 66.94% the latest figure, recorded in Q3 2025.
- In Q3 2025, Operating Margin rose 237.0% year-over-year to 66.94%; the TTM figure through Sep 2025 stood at 62.38% (up 1102.0% YoY), while the FY2024 annual figure was 68.87%, up 2132.0% from the prior year.
- Operating Margin declined to 66.94% in Q3 2025 per LUNG's latest filing, from 62.05% in the prior quarter.
- Across five years, Operating Margin topped out at 56.46% in Q4 2024 and bottomed at 145.28% in Q1 2022.
- Historically, Operating Margin has averaged 88.82% across 5 years, with a median of 85.9% in 2023.
- On a YoY basis, Operating Margin climbed as much as 20988 bps in 2021 and fell as far as 6433 bps in 2021.
- Pulmonx's Operating Margin stood at 90.21% in 2021, then dropped by 5 bps to 94.83% in 2022, then advanced by 24 bps to 72.2% in 2023, then grew by 22 bps to 56.46% in 2024, then slipped by 19 bps to 66.94% in 2025.
- Business Quant data shows LUNG's Operating Margin at 66.94% in Q3 2025, 62.05% in Q2 2025, and 64.62% in Q1 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Abbott Laboratories | 198.70 Bn | 193.10 Bn | 7.27 Bn | 13.44% |
| 2 | Stryker | 125.85 Bn | 122.37 Bn | 4.50 Bn | 25.18% |
| 3 | Medtronic | 118.44 Bn | 109.22 Bn | 6.41 Bn | 19.10% |
| 4 | Boston Scientific | 72.64 Bn | 72.10 Bn | 3.85 Bn | 21.65% |
| 5 | Edwards Lifesciences | 51.94 Bn | 47.69 Bn | 1.35 Bn | 29.48% |
| 6 | Dexcom | 34.48 Bn | 32.53 Bn | 830.00 Mn | 24.33% |
| 7 | GE HealthCare Technologies | 33.60 Bn | 31.49 Bn | 2.18 Bn | 13.96% |
| 8 | Koninklijke Philips | 26.30 Bn | 22.98 Bn | 4.55 Bn | 10.30% |
| 9 | Steris | 23.00 Bn | 22.52 Bn | 684.20 Mn | 19.15% |
| 10 | Pulmonx | 93.95 Mn | 24.20 Mn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Sep 30, 2025 | -66.94% |
| Jun 30, 2025 | -62.05% |
| Mar 31, 2025 | -64.62% |
| Dec 31, 2024 | -56.46% |
| Sep 30, 2024 | -69.30% |
| Jun 30, 2024 | -75.17% |
| Mar 31, 2024 | -77.10% |
| Dec 31, 2023 | -72.20% |
| Sep 30, 2023 | -85.90% |
| Jun 30, 2023 | -95.61% |
| Mar 31, 2023 | -112.83% |
| Dec 31, 2022 | -94.83% |
| Sep 30, 2022 | -103.18% |
| Jun 30, 2022 | -103.30% |
| Mar 31, 2022 | -145.28% |
| Dec 31, 2021 | -90.21% |
| Sep 30, 2021 | -73.61% |
| Jun 30, 2021 | -103.93% |
| Mar 31, 2021 | -135.16% |
| Dec 31, 2020 | -95.16% |