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| 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% |