Outset Medical (OM) Operating Margin (2019 - 2026)
Outset Medical (OM) posted Operating Margin of -49.55% for Q2 2026, up 4.13 percentage points from -53.68% a year earlier and up 11.17 percentage points from the prior quarter.
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Analysis
Outset Medical (OM) Operating Margin (2019 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, Operating Margin at Outset Medical was -56.06%, up 10.13 percentage points year-over-year; for FY2025, it was -55.83%, up 43.89 percentage points from FY2024.
- Annual Operating Margin has increased for three consecutive years, with a five-year change of +179.41 percentage points (FY2020 to FY2025).
- In prior years, Outset Medical's Operating Margin was -99.72% in FY2024 (+30.49 pp), -130.22% in FY2023 (+9.35 pp), -139.56% in FY2022 (-12.35 pp) and -127.21% in FY2021 (+108.03 pp).
- The Q2 2026 figure stands as the highest quarterly Operating Margin in data going back to Q3 2019.
- On a year-over-year basis, Operating Margin increased in seven of the last eight quarters, with an average year-over-year change of +36.31 percentage points.
- The strongest year-over-year quarter for Operating Margin in the past five years was Q3 2021, with a gain of 181.60 percentage points; the weakest was Q2 2022, with a drop of 55.89 percentage points.
- According to Business Quant data, Operating Margin for the three prior quarters was -60.72% (Q1 2026), -61.05% (Q4 2025) and -53.73% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Thermo Fisher Scientific | 251.30 Bn | 230.45 Bn | 4.88 Bn | 17.40% |
| 2 | Abbott Laboratories | 174.70 Bn | 145.78 Bn | 7.27 Bn | 13.44% |
| 3 | Danaher | 158.94 Bn | 142.76 Bn | 3.61 Bn | 17.99% |
| 4 | Intuitive Surgical | 145.87 Bn | 125.42 Bn | 1.96 Bn | 33.60% |
| 5 | Medtronic | 111.49 Bn | 77.36 Bn | 6.34 Bn | 18.08% |
| 6 | Stryker | 106.96 Bn | 93.08 Bn | 4.50 Bn | 25.18% |
| 7 | Boston Scientific | 63.62 Bn | 58.63 Bn | 3.85 Bn | 21.65% |
| 8 | Edwards Lifesciences | 50.80 Bn | 34.92 Bn | 1.35 Bn | 29.48% |
| 9 | Becton Dickinson | 49.59 Bn | 46.74 Bn | 2.32 Bn | 13.31% |
| 10 | Outset Medical | 56.95 Mn | -986.03 Mn | 13.28 Mn | -49.55% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -49.55% |
| Mar 31, 2026 | -60.72% |
| Dec 31, 2025 | -61.05% |
| Sep 30, 2025 | -53.73% |
| Jun 30, 2025 | -53.68% |
| Mar 31, 2025 | -55.12% |
| Dec 31, 2024 | -74.18% |
| Sep 30, 2024 | -83.16% |
| Jun 30, 2024 | -112.33% |
| Mar 31, 2024 | -131.04% |
| Dec 31, 2023 | -122.44% |
| Sep 30, 2023 | -149.71% |
| Jun 30, 2023 | -120.64% |
| Mar 31, 2023 | -129.93% |
| Dec 31, 2022 | -124.42% |
| Sep 30, 2022 | -147.69% |
| Jun 30, 2022 | -174.49% |
| Mar 31, 2022 | -119.39% |
| Dec 31, 2021 | -144.92% |
| Sep 30, 2021 | -114.51% |
API Access
Outset Medical 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=OM&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-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=operating-margin&ticker=OM&period=max&api_key=YOUR_API_KEY");
const data = await res.json();