Penumbra PEN
NYSE PEN
$320.02 +0.76 (+0.24%)
As of: Sep 9, 2026 · 2:23 PM EDT

Penumbra (PEN) Operating Margin (2014 - 2026)

Penumbra's (PEN) quarterly Operating Margin came in at 10.52% in Q2 2026, down 151.0% year-over-year from 20.63% in Q2 2025, and up 3.13% quarter-over-quarter from 10.2% in Q1 2026.

Analysis

Penumbra (PEN) Operating Margin (2014 - 2026) Analysis & Trends

Penumbra (PEN) has reported Operating Margin for 13 consecutive years, with 10.52% the latest figure, recorded in Q2 2026.

  • On a quarterly basis, Operating Margin fell 151.0% year-over-year to 10.52% in Q2 2026; TTM through Jun 2026 was 12.45%, a 0.0% change from a year earlier, with the FY2025 full-year figure at 13.48%, up 1271.0% from the prior year.
  • Operating Margin was 10.52% for Q2 2026 at Penumbra, up from 10.2% in the prior quarter.
  • Over five years, Operating Margin peaked at 15.37% in Q4 2025 and troughed at 27.04% in Q2 2024.
  • A 5-year average of 5.93% and a median of 8.52% in 2026 frame the typical range for Operating Margin.
  • Across the five-year window, Operating Margin plunged 3388 bps in 2024 and soared 3907 bps in 2025, its largest moves.
  • Over 5 years, Operating Margin stood at 2.18% in 2022, then soared by 463 bps to 12.3% in 2023, then climbed by 10 bps to 13.56% in 2024, then increased by 13 bps to 15.37% in 2025, then slumped by 32 bps to 10.52% in 2026.
  • The last three Operating Margin figures came in at 10.52% (Q2 2026), 10.2% (Q1 2026), and 15.37% (Q4 2025), per Business Quant data.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Operating Margin (Qtr)
1 Abbott Laboratories 184.08 Bn 178.48 Bn 7.27 Bn 13.44%
2 Intuitive Surgical 124.33 Bn 119.11 Bn 1.96 Bn 33.60%
3 Medtronic 118.50 Bn 109.68 Bn 6.34 Bn 18.08%
4 Stryker 106.32 Bn 102.85 Bn 4.50 Bn 25.18%
5 Boston Scientific 66.81 Bn 66.27 Bn 3.85 Bn 21.65%
6 Edwards Lifesciences 49.73 Bn 45.48 Bn 1.35 Bn 29.48%
7 Alcon 34.03 Bn 32.57 Bn 1.68 Bn 0.40%
8 Dexcom 32.17 Bn 30.23 Bn 830.00 Mn 24.33%
9 Steris 21.14 Bn 20.66 Bn 684.20 Mn 19.15%
10 Penumbra 12.59 Bn 11.94 Bn 264.94 Mn 10.52%
Historic Data

Historic Data

Download Data
DateValue
Jun 30, 2026 10.52%
Mar 31, 2026 10.20%
Dec 31, 2025 15.37%
Sep 30, 2025 13.77%
Jun 30, 2025 12.03%
Mar 31, 2025 12.45%
Dec 31, 2024 13.56%
Sep 30, 2024 11.75%
Jun 30, 2024 -27.04%
Mar 31, 2024 4.34%
Dec 31, 2023 12.30%
Sep 30, 2023 4.66%
Jun 30, 2023 6.84%
Mar 31, 2023 3.32%
Dec 31, 2022 2.18%
Sep 30, 2022 2.54%
Jun 30, 2022 -0.07%
Mar 31, 2022 -1.98%
Dec 31, 2021 -19.63%
Sep 30, 2021 4.62%