Penumbra (PEN) Net Margin (2014 - 2026)
Penumbra (PEN) recorded Net Margin of 10.31% in Q3 2026, down 2.62 percentage points from 12.93% a year earlier but up 1.38 percentage points from the prior quarter.
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Analysis
Penumbra (PEN) Net Margin (2014 - 2026) Analysis & Trends
On a TTM basis, Penumbra's Net Margin came in at 10.06% as of Sep 30, 2026, down 2.23 percentage points year-over-year; for FY2025, it came in at 12.66%, up 11.49 percentage points from FY2024.
- Annual Net Margin has a five-year change of +15.46 percentage points (FY2020 to FY2025).
- Across earlier years, Net Margin came in at 1.17% in FY2024 (-7.42 pp), 8.59% in FY2023 (+8.83 pp), -0.24% in FY2022 (-0.94 pp) and 0.71% in FY2021 (+3.51 pp).
- Quarterly Net Margin has ranged from -20.11% in Q2 2024 to 19.05% in Q4 2023 over the past five years.
- On a year-over-year basis, Net Margin has declined for three consecutive quarters, with an average year-over-year change of +3.44 percentage points over the last eight quarters.
- Peak year-over-year performance for Net Margin in the last five years was a gain of 33.44 percentage points in Q2 2025, against a drop of 27.36 percentage points in Q2 2024 at the low end.
- Per Business Quant, the preceding three quarters came in at 8.92% (Q2 2026), 8.69% (Q1 2026) and 12.28% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Thermo Fisher Scientific | 266.22 Bn | 242.86 Bn | 5.13 Bn | 14.18% |
| 2 | Abbott Laboratories | 191.31 Bn | 165.77 Bn | 7.39 Bn | 7.07% |
| 3 | Danaher | 166.16 Bn | 145.82 Bn | 3.84 Bn | 18.84% |
| 4 | Intuitive Surgical | 155.98 Bn | 136.40 Bn | 2.08 Bn | 17.15% |
| 5 | Medtronic | 130.05 Bn | 96.18 Bn | 6.34 Bn | 15.07% |
| 6 | Stryker | 123.40 Bn | 109.59 Bn | 4.25 Bn | 11.55% |
| 7 | Boston Scientific | 64.81 Bn | 60.48 Bn | 3.43 Bn | 11.33% |
| 8 | Edwards Lifesciences | 59.87 Bn | 43.18 Bn | 1.35 Bn | 17.57% |
| 9 | Medline | 53.84 Bn | 50.96 Bn | 1.93 Bn | 4.09% |
| 10 | Penumbra | 12.67 Bn | 10.17 Bn | 280.30 Mn | 10.31% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 10.31% |
| Jun 30, 2026 | 8.92% |
| Mar 31, 2026 | 8.69% |
| Dec 31, 2025 | 12.28% |
| Sep 30, 2025 | 12.93% |
| Jun 30, 2025 | 13.34% |
| Mar 31, 2025 | 12.10% |
| Dec 31, 2024 | 10.68% |
| Sep 30, 2024 | 9.81% |
| Jun 30, 2024 | -20.11% |
| Mar 31, 2024 | 3.95% |
| Dec 31, 2023 | 19.05% |
| Sep 30, 2023 | 3.40% |
| Jun 30, 2023 | 7.25% |
| Mar 31, 2023 | 3.55% |
| Dec 31, 2022 | 1.75% |
| Sep 30, 2022 | -1.06% |
| Jun 30, 2022 | -1.77% |
| Mar 31, 2022 | 0.04% |
| Dec 31, 2021 | -12.07% |
API Access
Penumbra Net 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=net-margin&ticker=PEN&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-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=net-margin&ticker=PEN&period=max&api_key=YOUR_API_KEY");
const data = await res.json();