MDxHealth (MDXH) Operating Margin (2021 - 2026)
MDxHealth's Operating Margin was -35.79% in the quarter ended Sep 30, 2026, down 17.05 percentage points from the prior quarter.
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Analysis
MDxHealth (MDXH) Operating Margin (2021 - 2026) Analysis & Trends
On a trailing twelve-month basis, MDxHealth's Operating Margin was -24.14% through Sep 30, 2026; for the year ended Dec 31, 2025, it came in at -13.36%, up 14.10 percentage points from the prior year.
- Operating Margin has now increased for six consecutive years, with a five-year change of +133.57 percentage points (years ended Dec 2020 to Dec 2025).
- In earlier years, Operating Margin was -27.45% in the year ended Dec 31, 2024 (+11.48 pp), -38.93% in the year ended Dec 31, 2023 (+63.35 pp), -102.28% in the year ended Dec 31, 2022 (+18.41 pp) and -120.69% in the year ended Dec 31, 2021 (+26.24 pp).
- The figure for the quarter ended Sep 30, 2026 marks the lowest quarterly Operating Margin since the quarter ended Jun 30, 2023.
- Compared with a year earlier, Operating Margin was higher in three of the last four quarters, with an average year-over-year change of +5.33 percentage points.
- The best year-over-year quarter for Operating Margin over five years was the quarter ended Sep 30, 2023 (a gain of 83.39 percentage points); the worst was the quarter ended Jun 30, 2022 (a drop of 20.18 percentage points).
- Per Business Quant data, MDXH's Operating Margin in the three quarters before the quarter ended Sep 30, 2026 was -18.74% (quarter ended Jun 30, 2026), -26.67% (quarter ended Mar 31, 2026) and -17.81% (quarter ended Dec 31, 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | HCA Healthcare | 105.29 Bn | 103.13 Bn | 17.03 Bn | 15.00% |
| 2 | Natera | 46.06 Bn | 41.68 Bn | 513.47 Mn | -8.60% |
| 3 | Labcorp Holdings | 30.09 Bn | 28.19 Bn | 1.11 Bn | 10.55% |
| 4 | Quest Diagnostics | 28.58 Bn | 26.66 Bn | 1.04 Bn | 15.47% |
| 5 | Guardant Health | 20.44 Bn | 16.05 Bn | 236.15 Mn | -36.78% |
| 6 | BrightSpring Health Services | 14.16 Bn | 11.04 Bn | 518.55 Mn | 3.81% |
| 7 | Encompass Health | 13.83 Bn | 14.29 Bn | 1.54 Bn | 13.86% |
| 8 | Tempus AI | 12.69 Bn | 9.84 Bn | 266.70 Mn | -13.82% |
| 9 | Davita | 11.06 Bn | 9.92 Bn | 1.13 Bn | 13.95% |
| 10 | MDxHealth | 7.19 Mn | -122.28 Mn | 14.04 Mn | -35.79% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | -35.79% |
| Jun 30, 2026 | -18.74% |
| Mar 31, 2026 | -26.67% |
| Dec 31, 2025 | -17.81% |
| Sep 30, 2025 | -9.63% |
| Jun 30, 2025 | -6.49% |
| Mar 31, 2025 | -18.89% |
| Dec 31, 2024 | -18.63% |
| Sep 30, 2024 | -26.13% |
| Jun 30, 2024 | -33.48% |
| Mar 31, 2024 | -33.30% |
| Dec 31, 2023 | -32.51% |
| Sep 30, 2023 | -23.57% |
| Jun 30, 2023 | -105.90% |
| Mar 31, 2023 | -59.30% |
| Dec 31, 2022 | -69.41% |
| Sep 30, 2022 | -106.96% |
| Jun 30, 2022 | -132.86% |
| Mar 31, 2022 | -128.59% |
| Dec 31, 2021 | -120.52% |
API Access
MDxHealth Operating 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=operating-margin&ticker=MDXH&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-margin", "ticker": "MDXH", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-margin&ticker=MDXH&period=max&api_key=YOUR_API_KEY");
const data = await res.json();