Maxcyte (MXCT) Operating Margin (2020 - 2026)
Maxcyte's Operating Margin came in at -140.72% for Q2 2026, up 26.52 percentage points from -167.24% a year earlier but down 76.64 percentage points from the prior quarter.
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Analysis
Maxcyte (MXCT) Operating Margin (2020 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Maxcyte reported Operating Margin of -134.59%, up 14.98 percentage points year-over-year; for FY2025, it was -157.14%, down 24.60 percentage points from FY2024.
- Operating Margin has declined in each of the last five years, with a five-year change of -114.89 percentage points (FY2020 to FY2025).
- Going back by year, Operating Margin was -132.54% in FY2024 (-15.56 pp), -116.98% in FY2023 (-55.16 pp), -61.82% in FY2022 (-8.15 pp) and -53.66% in FY2021 (-11.41 pp).
- The five-year range for quarterly Operating Margin is -207.19% (Q3 2025) to -24.09% (Q3 2021).
- Year-over-year, Operating Margin increased in three of the last eight quarters, with an average year-over-year change of -14.60 percentage points.
- The fastest year-over-year change in Operating Margin over five years came in Q1 2022 (a gain of 62.23 percentage points), and the weakest in Q1 2023 (a drop of 117.77 percentage points).
- Business Quant data shows MXCT's Operating Margin at -64.09% (Q1 2026), -153.78% (Q4 2025) and -207.19% (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Thermo Fisher Scientific | 250.84 Bn | 229.99 Bn | 4.88 Bn | 17.40% |
| 2 | Abbott Laboratories | 174.73 Bn | 145.82 Bn | 7.27 Bn | 13.44% |
| 3 | Danaher | 159.85 Bn | 143.67 Bn | 3.61 Bn | 17.99% |
| 4 | Intuitive Surgical | 146.79 Bn | 126.35 Bn | 1.96 Bn | 33.60% |
| 5 | Medtronic | 114.54 Bn | 80.41 Bn | 6.34 Bn | 18.08% |
| 6 | Stryker | 105.67 Bn | 91.79 Bn | 4.50 Bn | 25.18% |
| 7 | Boston Scientific | 63.93 Bn | 58.94 Bn | 3.85 Bn | 21.65% |
| 8 | Becton Dickinson | 50.12 Bn | 47.27 Bn | 2.32 Bn | 13.31% |
| 9 | Edwards Lifesciences | 50.06 Bn | 34.17 Bn | 1.35 Bn | 29.48% |
| 10 | Maxcyte | 123.12 Mn | 123.12 Mn | 5.60 Mn | -140.72% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -140.72% |
| Mar 31, 2026 | -64.09% |
| Dec 31, 2025 | -153.78% |
| Sep 30, 2025 | -207.19% |
| Jun 30, 2025 | -167.24% |
| Mar 31, 2025 | -118.33% |
| Dec 31, 2024 | -148.41% |
| Sep 30, 2024 | -172.13% |
| Jun 30, 2024 | -114.76% |
| Mar 31, 2024 | -108.23% |
| Dec 31, 2023 | -51.68% |
| Sep 30, 2023 | -174.31% |
| Jun 30, 2023 | -144.56% |
| Mar 31, 2023 | -153.66% |
| Dec 31, 2022 | -54.34% |
| Sep 30, 2022 | -72.46% |
| Jun 30, 2022 | -90.96% |
| Mar 31, 2022 | -35.89% |
| Dec 31, 2021 | -48.81% |
| Sep 30, 2021 | -24.09% |
API Access
Maxcyte 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=MXCT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-margin", "ticker": "MXCT", "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=MXCT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();