Penumbra (PEN) Gross Margin (2014 - 2026)

Penumbra's (PEN) quarterly Gross Margin came in at 67.62% in Q1 2026, up 102.0% year-on-year from 33.48% in Q1 2025, and down 0.58% on a QoQ basis from 68.02% in Q4 2025.

Penumbra (PEN) Gross Margin (2014 - 2026) Analysis & Trends

Penumbra (PEN) has 13 years of Gross Margin data on file, last reported at 67.62% in Q1 2026.

  • On a quarterly basis, Gross Margin rose 102.0% year-over-year to 67.62% in Q1 2026; TTM through Mar 2026 was 67.38%, a 370.0% increase from a year earlier, with the FY2025 full-year figure at 67.14%, up 394.0% from the prior year.
  • Gross Margin for Q1 2026 stood at 67.62%, down from 68.02% in the prior quarter.
  • Over the last five years, Gross Margin for PEN reached as high as 68.02% in Q4 2025 and fell as low as 54.38% in Q2 2024.
  • Historically, Gross Margin has averaged 64.65% across 5 years, with a median of 65.59% in 2023.
  • Across the five-year window, Gross Margin sank 942 bps in 2024 and jumped 1161 bps in 2025, its largest moves.
  • Year by year, Gross Margin stood at 62.58% in 2022, then grew by 5 bps to 65.69% in 2023, then climbed by 2 bps to 66.79% in 2024, then gained by 2 bps to 68.02% in 2025, then slipped by 1 bps to 67.62% in 2026.
  • Per Business Quant data, the three most recent Gross Margin figures were 67.62% in Q1 2026, 68.02% in Q4 2025, and 67.78% in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Gross Margin (Qtr)
1 Abbott Laboratories 181.51 Bn 174.21 Bn 6.27 Bn 56.20%
2 Stryker 128.52 Bn 125.64 Bn 3.81 Bn 63.29%
3 Medtronic 108.06 Bn 98.84 Bn 6.41 Bn 65.35%
4 Boston Scientific 68.04 Bn 66.59 Bn 3.61 Bn 69.46%
5 Edwards Lifesciences 47.64 Bn 43.97 Bn 1.29 Bn 78.01%
6 GE HealthCare Technologies 28.45 Bn 26.17 Bn 1.98 Bn 38.53%
7 Dexcom 28.41 Bn 27.29 Bn 750.30 Mn 62.95%
8 Smith & Nephew 26.88 Bn 26.30 Bn - -
9 Koninklijke Philips 25.42 Bn 22.29 Bn 2.07 Bn 45.22%
10 Penumbra 12.54 Bn 11.93 Bn 253.41 Mn 67.62%

Historic Data

Download Data
DateValue
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%