Medicure (MCUJF) Gross Margin (2009 - 2026)
Medicure (MCUJF) posted quarterly Gross Margin of 44.31% for Q1 2026, down 754.0% year-over-year from 6.77% in Q1 2025, and up 40.34% quarter-over-quarter from 31.57% in Q4 2025.
Medicure (MCUJF) Gross Margin (2009 - 2026) Analysis & Trends
Medicure's Gross Margin history runs 18 years deep, the most recent figure standing at 44.31% for Q1 2026.
- In Q1 2026, Gross Margin fell 754.0% year-over-year to 44.31%; the TTM figure through Mar 2026 stood at 39.69% (down 1580.0% YoY), while the FY2025 annual figure was 40.71%, down 1903.0% from the prior year.
- Gross Margin for Q1 2026 stood at 44.31%, up from 31.57% in the prior quarter.
- The five-year high for Gross Margin was 72.77% in Q3 2023, with the low at 31.57% in Q4 2025.
- The 5-year median for Gross Margin is 62.91% (2023), against an average of 58.61%.
- The sharpest annual moves came in 2022 and 2025: Gross Margin jumped 1343 bps in 2022, then sank 2680 bps in 2025.
- Medicure's Gross Margin stood at 69.03% in 2022, then fell by 0 bps to 69.03% in 2023, then slipped by 15 bps to 58.37% in 2024, then sank by 46 bps to 31.57% in 2025, then jumped by 40 bps to 44.31% in 2026.
- Business Quant data shows MCUJF's Gross Margin at 44.31% in Q1 2026, 31.57% in Q4 2025, and 33.99% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Haleon | 44.40 Bn | 43.44 Bn | - | - |
| 2 | Teva Pharmaceutical Industries | 43.84 Bn | 40.18 Bn | 2.15 Bn | 51.98% |
| 3 | Zoetis | 32.51 Bn | 30.84 Bn | 1.05 Bn | 42.63% |
| 4 | Takeda Pharmaceutical | 28.63 Bn | 22.84 Bn | 5.10 Bn | 66.66% |
| 5 | United Therapeutics | 22.21 Bn | 19.55 Bn | 683.80 Mn | 87.30% |
| 6 | Viatris | 18.95 Bn | 18.06 Bn | 1.46 Bn | 38.77% |
| 7 | Neurocrine Biosciences | 15.52 Bn | 15.13 Bn | 935.80 Mn | 97.58% |
| 8 | Elanco Animal Health | 11.89 Bn | 11.36 Bn | 798.00 Mn | 58.33% |
| 9 | Dr Reddys Laboratories | 10.16 Bn | 9.99 Bn | - | - |
| 10 | Medicure | 96.01 Mn | 94.89 Mn | 2.57 Mn | 44.31% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 44.31% |
| Dec 31, 2025 | 31.57% |
| Sep 30, 2025 | 33.99% |
| Jun 30, 2025 | 51.51% |
| Mar 31, 2025 | 51.84% |
| Dec 31, 2024 | 58.37% |
| Sep 30, 2024 | 54.32% |
| Jun 30, 2024 | 57.15% |
| Mar 31, 2024 | 68.44% |
| Dec 31, 2023 | 69.03% |
| Sep 30, 2023 | 72.77% |
| Jun 30, 2023 | 69.88% |
| Mar 31, 2023 | 67.45% |
| Dec 31, 2022 | 69.03% |
| Sep 30, 2022 | 69.95% |
| Jun 30, 2022 | 68.22% |
| Dec 31, 2021 | 55.59% |
| Sep 30, 2021 | 58.59% |
| Jun 30, 2021 | 59.75% |
| Mar 31, 2021 | 60.96% |