Outset Medical (OM) Gross Margin (2019 - 2026)
Outset Medical (OM) reported Gross Margin of 43.41% for Q1 2026, up 621.0% year-over-year from 6.02% in Q1 2025, and up 2.48% on a QoQ basis from 42.36% in Q4 2025.
Outset Medical (OM) has 8 years of Gross Margin data on file, last reported at 43.41% in Q1 2026.
- Quarterly Gross Margin rose 621.0% year-over-year to 43.41% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 40.64% (up 471.0% YoY) and the FY2025 annual result came in at 39.13%, up 521.0% from the prior year.
- Gross Margin improved to 43.41% in Q1 2026 per OM's latest filing, from 42.36% in the prior quarter.
- Across five years, Gross Margin topped out at 43.41% in Q1 2026 and bottomed at 14.54% in Q1 2022.
- The 5-year median for Gross Margin is 29.16% (2024), against an average of 28.64%.
- The widest annual swing landed in 2024, when Gross Margin surged 1434 bps; it then surged 205 bps in 2025.
- Tracing OM's Gross Margin over 5 years: stood at 16.47% in 2022, then jumped by 53 bps to 25.28% in 2023, then surged by 44 bps to 36.47% in 2024, then gained by 16 bps to 42.36% in 2025, then climbed by 2 bps to 43.41% in 2026.
- Per Business Quant, the three latest OM Gross Margin figures stand at 43.41% (Q1 2026), 42.36% (Q4 2025), and 39.38% (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Abbott Laboratories | 152.82 Bn | 146.17 Bn | 6.27 Bn | 56.20% |
| 2 | Stryker | 115.07 Bn | 112.19 Bn | 3.81 Bn | 63.29% |
| 3 | Medtronic | 95.25 Bn | 87.08 Bn | 5.76 Bn | 63.83% |
| 4 | Boston Scientific | 71.38 Bn | 70.17 Bn | 3.61 Bn | 69.46% |
| 5 | Edwards Lifesciences | 51.08 Bn | 47.41 Bn | 1.29 Bn | 78.01% |
| 6 | Koninklijke Philips | 29.38 Bn | 26.07 Bn | 2.07 Bn | 45.22% |
| 7 | Dexcom | 28.84 Bn | 27.72 Bn | 750.30 Mn | 62.95% |
| 8 | GE HealthCare Technologies | 28.56 Bn | 26.49 Bn | 1.98 Bn | 38.53% |
| 9 | Steris | 20.71 Bn | 20.30 Bn | 697.10 Mn | 43.89% |
| 10 | Outset Medical | 90,946.35 | -286.55 Mn | 12.10 Mn | 43.41% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 43.41% |
| Dec 31, 2025 | 42.36% |
| Sep 30, 2025 | 39.38% |
| Jun 30, 2025 | 37.77% |
| Mar 31, 2025 | 37.19% |
| Dec 31, 2024 | 36.47% |
| Sep 30, 2024 | 34.26% |
| Jun 30, 2024 | 35.72% |
| Mar 31, 2024 | 29.16% |
| Dec 31, 2023 | 25.28% |
| Sep 30, 2023 | 23.57% |
| Jun 30, 2023 | 21.37% |
| Mar 31, 2023 | 19.21% |
| Dec 31, 2022 | 16.47% |
| Sep 30, 2022 | 15.62% |
| Jun 30, 2022 | 15.09% |
| Mar 31, 2022 | 14.54% |
| Dec 31, 2021 | 11.80% |
| Sep 30, 2021 | 11.19% |
| Jun 30, 2021 | 4.17% |
| Mar 31, 2021 | 1.26% |
| Dec 31, 2020 | 2.42% |
| Sep 30, 2020 | -37.26% |
| Jun 30, 2020 | -40.57% |
| Mar 31, 2020 | -49.57% |
| Dec 31, 2019 | -39.24% |
| Sep 30, 2019 | -201.29% |