Penumbra (PEN) Gross Margin (2014 - 2026)
Penumbra's (PEN) quarterly Gross Margin came in at 67.93% in 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.
Analysis
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.
- On a quarterly basis, Gross Margin rose 194.0% year-over-year to 67.93% in Q2 2026; TTM through Jun 2026 was 67.84%, a 137.0% increase from a year earlier, with the FY2025 full-year figure at 67.14%, up 394.0% from the prior year.
- Gross Margin was 67.93% for Q2 2026 at Penumbra, roughly flat from 67.62% in the prior quarter.
- Over five years, Gross Margin peaked at 68.02% in Q4 2025 and troughed at 54.38% in Q2 2024.
- A 5-year average of 64.84% and a median of 65.64% in 2023 frame the typical range for Gross Margin.
- Across the five-year window, Gross Margin plunged 942 bps in 2024 and surged 1161 bps in 2025, its largest moves.
- Over 5 years, Gross Margin stood at 62.58% in 2022, then rose by 5 bps to 65.69% in 2023, then increased by 2 bps to 66.79% in 2024, then climbed by 2 bps to 68.02% in 2025, then declined by 0 bps to 67.93% in 2026.
- The last three Gross Margin figures came in at 67.93% (Q2 2026), 67.62% (Q1 2026), and 68.02% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Abbott Laboratories | 183.51 Bn | 177.91 Bn | 7.27 Bn | 57.71% |
| 2 | Intuitive Surgical | 124.70 Bn | 119.48 Bn | 1.96 Bn | 67.78% |
| 3 | Medtronic | 117.95 Bn | 109.13 Bn | 6.34 Bn | 64.99% |
| 4 | Stryker | 106.08 Bn | 102.61 Bn | 4.50 Bn | 68.27% |
| 5 | Boston Scientific | 66.53 Bn | 65.99 Bn | 3.85 Bn | 70.71% |
| 6 | Edwards Lifesciences | 49.51 Bn | 45.26 Bn | 1.35 Bn | 77.46% |
| 7 | Alcon | 33.90 Bn | 32.44 Bn | 1.68 Bn | 60.21% |
| 8 | Dexcom | 32.09 Bn | 30.14 Bn | 830.00 Mn | 63.44% |
| 9 | Steris | 21.06 Bn | 20.58 Bn | 684.20 Mn | 45.84% |
| 10 | Penumbra | 12.59 Bn | 11.93 Bn | 264.94 Mn | 67.93% |
Historic Data
Download Data
Historic 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% |