Moderna (MRNA) Net Margin (2017 - 2026)
Moderna's (MRNA) quarterly Net Margin came in at 345.24% in Q1 2026, up 55383.0% year-on-year from N/an in Q1 2025, and down 183.38% on a QoQ basis from 121.83% in Q4 2025.
Moderna (MRNA) Net Margin (2017 - 2026) Analysis & Trends
Moderna (MRNA) has 10 years of Net Margin data on file, last reported at 345.24% in Q1 2026.
- On a quarterly basis, Net Margin rose 55383.0% year-over-year to 345.24% in Q1 2026; TTM through Mar 2026 was 143.55%, a 3788.0% decrease from a year earlier, with the FY2025 full-year figure at 145.16%, down 3512.0% from the prior year.
- Net Margin for Q1 2026 stood at 345.24%, down from 121.83% in the prior quarter.
- Over the last five years, Net Margin for MRNA reached as high as 60.29% in Q1 2022 and fell as low as 899.07% in Q1 2025.
- Historically, Net Margin has averaged 219.85% across 5 years, with a median of 115.94% in 2024.
- Across the five-year window, Net Margin tumbled 70784 bps in 2024 and surged 55383 bps in 2026, its largest moves.
- Year by year, Net Margin stood at 28.82% in 2022, then slumped by 73 bps to 7.72% in 2023, then slumped by 1602 bps to 115.94% in 2024, then fell by 5 bps to 121.83% in 2025, then plunged by 183 bps to 345.24% in 2026.
- Per Business Quant data, the three most recent Net Margin figures were 345.24% in Q1 2026, 121.83% in Q4 2025, and 19.69% in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Oculis Holding AG | 68,785.72 Bn | 68,785.72 Bn | - | - |
| 2 | Nanobiotix | 1,895.57 Bn | 1,895.51 Bn | - | - |
| 3 | BeOne Medicines | 471.35 Bn | 466.56 Bn | 1.35 Bn | 15.02% |
| 4 | NuCana | 279.75 Bn | 279.75 Bn | - | - |
| 5 | Vertex Pharmaceuticals | 120.24 Bn | 113.00 Bn | 2.59 Bn | 34.53% |
| 6 | Regeneron Pharmaceuticals | 67.80 Bn | 59.04 Bn | 3.31 Bn | 20.17% |
| 7 | Belite Bio | 62.51 Bn | 62.51 Bn | - | - |
| 8 | Argenx Se | 57.38 Bn | 57.38 Bn | 1.41 Bn | 30.33% |
| 9 | Revolution Medicines | 37.78 Bn | 37.78 Bn | - | - |
| 10 | Moderna | 22.52 Bn | 17.32 Bn | -566.00 Mn | -345.24% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -345.24% |
| Dec 31, 2025 | -121.83% |
| Sep 30, 2025 | -19.69% |
| Jun 30, 2025 | -580.99% |
| Mar 31, 2025 | -899.07% |
| Dec 31, 2024 | -115.94% |
| Sep 30, 2024 | 0.70% |
| Jun 30, 2024 | -530.71% |
| Mar 31, 2024 | -703.59% |
| Dec 31, 2023 | 7.72% |
| Sep 30, 2023 | -198.25% |
| Jun 30, 2023 | -401.16% |
| Mar 31, 2023 | 4.24% |
| Dec 31, 2022 | 28.82% |
| Sep 30, 2022 | 31.00% |
| Jun 30, 2022 | 46.26% |
| Mar 31, 2022 | 60.29% |
| Dec 31, 2021 | 67.51% |
| Sep 30, 2021 | 67.08% |
| Jun 30, 2021 | 63.85% |