Penumbra (PEN) Gross Margin (2014 - 2026)
Penumbra (PEN) recorded Gross Margin of 68.34% in Q3 2026, up 0.56 percentage points from 67.78% a year earlier and up 0.42 percentage points from the prior quarter.
Powered by 
Analysis
Penumbra (PEN) Gross Margin (2014 - 2026) Analysis & Trends
On a TTM basis, Penumbra's Gross Margin came in at 67.98% as of Sep 30, 2026, up 1.18 percentage points year-over-year; for FY2025, it came in at 67.14%, up 3.94 percentage points from FY2024.
- Annual Gross Margin has a five-year change of +6.80 percentage points (FY2020 to FY2025).
- Across earlier years, Gross Margin came in at 63.20% in FY2024 (-1.29 pp), 64.49% in FY2023 (+1.31 pp), 63.18% in FY2022 (-0.41 pp) and 63.59% in FY2021 (+3.24 pp).
- The Q3 2026 figure is the highest quarterly Gross Margin since Q3 2019.
- On a year-over-year basis, Gross Margin has increased for nine consecutive quarters, with an average year-over-year change of +2.54 percentage points over the last eight quarters.
- Peak year-over-year performance for Gross Margin in the last five years was a gain of 11.61 percentage points in Q2 2025, against a drop of 9.42 percentage points in Q2 2024 at the low end.
- Per Business Quant, the preceding three quarters came in at 67.93% (Q2 2026), 67.62% (Q1 2026) and 68.02% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Thermo Fisher Scientific | 266.22 Bn | 242.86 Bn | 5.13 Bn | 42.28% |
| 2 | Abbott Laboratories | 191.31 Bn | 165.77 Bn | 7.39 Bn | 56.75% |
| 3 | Danaher | 166.16 Bn | 145.82 Bn | 3.84 Bn | 58.54% |
| 4 | Intuitive Surgical | 155.98 Bn | 136.40 Bn | 2.08 Bn | 68.37% |
| 5 | Medtronic | 130.05 Bn | 96.18 Bn | 6.34 Bn | 64.99% |
| 6 | Stryker | 123.40 Bn | 109.59 Bn | 4.25 Bn | 65.15% |
| 7 | Boston Scientific | 64.81 Bn | 60.48 Bn | 3.43 Bn | 66.72% |
| 8 | Edwards Lifesciences | 59.87 Bn | 43.18 Bn | 1.35 Bn | 78.48% |
| 9 | Medline | 53.84 Bn | 50.96 Bn | 1.93 Bn | 24.50% |
| 10 | Penumbra | 12.67 Bn | 10.17 Bn | 280.30 Mn | 68.34% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 68.34% |
| 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% |
API Access
Penumbra Gross Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=gross-margin&ticker=PEN&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "ticker": "PEN", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=gross-margin&ticker=PEN&period=max&api_key=YOUR_API_KEY");
const data = await res.json();