Penumbra (PEN) Gross Margin (2014 - 2026)
Penumbra (PEN) posted quarterly Gross Margin of 67.93% for Q2 2026, up 194.0% year-over-year from 23.1% in Q2 2025, and little changed quarter-over-quarter from 67.62% in Q1 2026.
Penumbra (PEN) Gross Margin (2014 - 2026) Analysis & Trends
Penumbra (PEN) has reported Gross Margin for 13 consecutive years, with 67.93% the latest figure, recorded in Q2 2026.
- In Q2 2026, Gross Margin rose 194.0% year-over-year to 67.93%; the TTM figure through Jun 2026 stood at 67.84% (up 137.0% YoY), while the FY2025 annual figure was 67.14%, up 394.0% from the prior year.
- Gross Margin held at 67.93% in Q2 2026 per PEN's latest filing, from 67.62% 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.
- Historically, Gross Margin has averaged 64.84% across 5 years, with a median of 65.64% in 2023.
- Annual changes were most pronounced in 2024 — Gross Margin tumbled 942 bps — and 2025, when it soared 1161 bps.
- Penumbra's Gross Margin stood at 62.58% in 2022, then advanced by 5 bps to 65.69% in 2023, then gained by 2 bps to 66.79% in 2024, then increased by 2 bps to 68.02% in 2025, then retreated by 0 bps to 67.93% in 2026.
- Business Quant data shows PEN's Gross Margin at 67.93% in Q2 2026, 67.62% in Q1 2026, and 68.02% in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Abbott Laboratories | 200.19 Bn | 194.59 Bn | 7.27 Bn | 57.71% |
| 2 | Stryker | 129.95 Bn | 126.47 Bn | 4.50 Bn | 68.27% |
| 3 | Medtronic | 120.06 Bn | 110.84 Bn | 6.41 Bn | 65.35% |
| 4 | Boston Scientific | 74.14 Bn | 73.60 Bn | 3.85 Bn | 70.71% |
| 5 | Edwards Lifesciences | 52.74 Bn | 48.49 Bn | 1.35 Bn | 77.46% |
| 6 | Dexcom | 34.60 Bn | 32.65 Bn | 830.00 Mn | 63.44% |
| 7 | GE HealthCare Technologies | 34.20 Bn | 32.10 Bn | 2.18 Bn | 41.17% |
| 8 | Koninklijke Philips | 26.46 Bn | 23.13 Bn | 4.55 Bn | 47.38% |
| 9 | Steris | 23.25 Bn | 22.77 Bn | 684.20 Mn | 45.84% |
| 10 | Penumbra | 12.81 Bn | 12.15 Bn | 264.94 Mn | 67.93% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 67.93% |
| 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% |