Growth Metrics

Pulmonx (LUNG) Operating Margin (2019 - 2025)

Pulmonx (LUNG) has disclosed Operating Margin for 7 consecutive years, with 66.94% as the latest value for Q3 2025.

  • Quarterly Operating Margin rose 237.0% to 66.94% in Q3 2025 from the year-ago period, while the trailing twelve-month figure was 62.38% through Sep 2025, up 1102.0% year-over-year, with the annual reading at 68.87% for FY2024, 2132.0% up from the prior year.
  • Operating Margin for Q3 2025 was 66.94% at Pulmonx, down from 62.05% in the prior quarter.
  • The five-year high for Operating Margin was 56.46% in Q4 2024, with the low at 145.28% in Q1 2022.
  • Average Operating Margin over 5 years is 88.82%, with a median of 85.9% recorded in 2023.
  • Peak annual rise in Operating Margin hit 20988bps in 2021, while the deepest fall reached -6433bps in 2021.
  • Over 5 years, Operating Margin stood at 90.21% in 2021, then decreased by -5bps to 94.83% in 2022, then rose by 24bps to 72.2% in 2023, then increased by 22bps to 56.46% in 2024, then dropped by -19bps to 66.94% in 2025.
  • According to Business Quant data, Operating Margin over the past three periods came in at 66.94%, 62.05%, and 64.62% for Q3 2025, Q2 2025, and Q1 2025 respectively.