Outset Medical (OM) Gross Margin (2019 - 2026)
Outset Medical's Gross Margin was 40.69% in Q3 2026, up 1.31 percentage points from 39.38% a year earlier but down 1.29 percentage points from the prior quarter.
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Analysis
Outset Medical (OM) Gross Margin (2019 - 2026) Analysis & Trends
On a trailing twelve-month basis, Outset Medical's Gross Margin was 42.04% through Sep 30, 2026, up 4.34 percentage points year-over-year; for FY2025, it was 39.13%, up 5.21 percentage points from FY2024.
- Gross Margin has now increased for seven consecutive years, with a five-year change of +65.24 percentage points (FY2020 to FY2025).
- In earlier years, Gross Margin was 33.92% in FY2024 (+11.68 pp), 22.24% in FY2023 (+6.79 pp), 15.46% in FY2022 (+8.04 pp) and 7.42% in FY2021 (+33.52 pp).
- Quarterly Gross Margin has moved between 11.80% (Q4 2021) and 43.41% (Q1 2026) over five years.
- Compared with a year earlier, Gross Margin has increased for 25 straight quarters, with an average year-over-year change of +5.50 percentage points over the last eight quarters.
- The year-over-year gain in Gross Margin has ranged between 1.31 percentage points (Q3 2026) and 14.34 percentage points (Q2 2024) over the last five years.
- Per Business Quant data, OM's Gross Margin in the three quarters before Q3 2026 was 41.99% (Q2 2026), 43.41% (Q1 2026) and 42.36% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Thermo Fisher Scientific | 266.22 Bn | 242.86 Bn | 5.13 Bn | 42.28% |
| 2 | Abbott Laboratories | 191.31 Bn | 165.77 Bn | 7.39 Bn | 56.75% |
| 3 | Danaher | 166.16 Bn | 145.82 Bn | 3.84 Bn | 58.54% |
| 4 | Intuitive Surgical | 155.98 Bn | 136.40 Bn | 2.08 Bn | 68.37% |
| 5 | Medtronic | 130.05 Bn | 96.18 Bn | 6.34 Bn | 64.99% |
| 6 | Stryker | 123.40 Bn | 109.59 Bn | 4.25 Bn | 65.15% |
| 7 | Boston Scientific | 64.81 Bn | 60.48 Bn | 3.43 Bn | 66.72% |
| 8 | Edwards Lifesciences | 59.87 Bn | 43.18 Bn | 1.35 Bn | 78.48% |
| 9 | Medline | 53.84 Bn | 50.96 Bn | 1.93 Bn | 24.50% |
| 10 | Outset Medical | 79.64 Mn | -882.52 Mn | 13.67 Mn | 40.69% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 40.69% |
| Jun 30, 2026 | 41.99% |
| 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% |
API Access
Outset Medical Gross 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=gross-margin&ticker=OM&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "ticker": "OM", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=gross-margin&ticker=OM&period=max&api_key=YOUR_API_KEY");
const data = await res.json();