Penumbra (PEN) Gross Margin (2014 - 2026)
Penumbra (PEN) reported Gross Margin of 67.62% for Q1 2026, up 102.0% year-over-year from 33.48% in Q1 2025, and down 0.58% on a QoQ basis from 68.02% in Q4 2025.
Penumbra (PEN) has 13 years of Gross Margin data on file, last reported at 67.62% in Q1 2026.
- Quarterly Gross Margin rose 102.0% year-over-year to 67.62% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 67.38% (up 370.0% YoY) and the FY2025 annual result came in at 67.14%, up 394.0% from the prior year.
- Gross Margin fell to 67.62% in Q1 2026 per PEN's latest filing, from 68.02% in the prior quarter.
- Across five years, Gross Margin topped out at 68.02% in Q4 2025 and bottomed at 54.38% in Q2 2024.
- The 5-year median for Gross Margin is 65.59% (2023), against an average of 64.65%.
- The widest annual swing landed in 2024, when Gross Margin sank 942 bps; it then jumped 1161 bps in 2025.
- Tracing PEN's Gross Margin over 5 years: stood at 62.58% in 2022, then increased by 5 bps to 65.69% in 2023, then grew by 2 bps to 66.79% in 2024, then advanced by 2 bps to 68.02% in 2025, then dropped by 1 bps to 67.62% in 2026.
- Per Business Quant, the three latest PEN Gross Margin figures stand at 67.62% (Q1 2026), 68.02% (Q4 2025), and 67.78% (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 | Penumbra | 12.52 Bn | 11.91 Bn | 253.41 Mn | 67.62% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 67.62% |
| Dec 31, 2025 | 68.02% |
| Sep 30, 2025 | 67.78% |
| Jun 30, 2025 | 65.99% |
| Mar 31, 2025 | 66.60% |
| Dec 31, 2024 | 66.79% |
| Sep 30, 2024 | 66.54% |
| Jun 30, 2024 | 54.38% |
| Mar 31, 2024 | 65.00% |
| Dec 31, 2023 | 65.69% |
| Sep 30, 2023 | 65.59% |
| Jun 30, 2023 | 63.81% |
| Mar 31, 2023 | 62.58% |
| Dec 31, 2022 | 62.58% |
| Sep 30, 2022 | 63.33% |
| Jun 30, 2022 | 64.33% |
| Mar 31, 2022 | 62.49% |
| Dec 31, 2021 | 61.49% |
| Sep 30, 2021 | 63.07% |
| Jun 30, 2021 | 64.41% |
| Mar 31, 2021 | 65.80% |
| Dec 31, 2020 | 56.51% |
| Sep 30, 2020 | 60.18% |
| Jun 30, 2020 | 61.77% |
| Mar 31, 2020 | 64.09% |
| Dec 31, 2019 | 67.55% |
| Sep 30, 2019 | 68.81% |
| Jun 30, 2019 | 69.99% |
| Mar 31, 2019 | 65.33% |
| Dec 31, 2018 | 65.16% |
| Sep 30, 2018 | 67.09% |
| Jun 30, 2018 | 65.90% |
| Mar 31, 2018 | 64.81% |
| Dec 31, 2017 | 66.35% |
| Sep 30, 2017 | 65.28% |
| Jun 30, 2017 | 63.20% |
| Mar 31, 2017 | 65.16% |
| Dec 31, 2016 | 63.72% |
| Sep 30, 2016 | 63.81% |
| Jun 30, 2016 | 63.70% |
| Mar 31, 2016 | 68.90% |
| Dec 31, 2015 | 67.00% |
| Sep 30, 2015 | 66.44% |
| Jun 30, 2015 | 64.70% |
| Mar 31, 2015 | 68.62% |
| Dec 31, 2014 | 67.48% |
| Sep 30, 2014 | 64.06% |
| Jun 30, 2014 | 65.76% |
| Mar 31, 2014 | 66.71% |