Penumbra PEN
NYSE PEN
$319.80 +0.54 (+0.17%)
As of: Sep 9, 2026 · 3:05 PM EDT

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

Historic Data

Download Data
DateValue
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%