Penumbra (PEN) Operating Margin (2014 - 2026)
Penumbra (PEN) posted quarterly Operating Margin of 10.52% for 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.
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.
- In Q2 2026, Operating Margin fell 151.0% year-over-year to 10.52%; the TTM figure through Jun 2026 stood at 12.45% (changed 0.0% YoY), while the FY2025 annual figure was 13.48%, up 1271.0% from the prior year.
- Operating Margin advanced to 10.52% in Q2 2026 per PEN's latest filing, from 10.2% in the prior quarter.
- Across five years, Operating Margin topped out at 15.37% in Q4 2025 and bottomed at 27.04% in Q2 2024.
- Historically, Operating Margin has averaged 5.93% across 5 years, with a median of 8.52% in 2026.
- Annual changes were most pronounced in 2024 — Operating Margin tumbled 3388 bps — and 2025, when it jumped 3907 bps.
- Penumbra's Operating Margin stood at 2.18% in 2022, then surged by 463 bps to 12.3% in 2023, then increased by 10 bps to 13.56% in 2024, then gained by 13 bps to 15.37% in 2025, then slumped by 32 bps to 10.52% in 2026.
- Business Quant data shows PEN's Operating Margin at 10.52% in Q2 2026, 10.2% in Q1 2026, and 15.37% in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Abbott Laboratories | 200.19 Bn | 194.59 Bn | 7.27 Bn | 13.44% |
| 2 | Stryker | 129.95 Bn | 126.47 Bn | 4.50 Bn | 25.18% |
| 3 | Medtronic | 120.06 Bn | 110.84 Bn | 6.41 Bn | 19.10% |
| 4 | Boston Scientific | 74.14 Bn | 73.60 Bn | 3.85 Bn | 21.65% |
| 5 | Edwards Lifesciences | 52.74 Bn | 48.49 Bn | 1.35 Bn | 29.48% |
| 6 | Dexcom | 34.60 Bn | 32.65 Bn | 830.00 Mn | 24.33% |
| 7 | GE HealthCare Technologies | 34.20 Bn | 32.10 Bn | 2.18 Bn | 13.96% |
| 8 | Koninklijke Philips | 26.46 Bn | 23.13 Bn | 4.55 Bn | 10.30% |
| 9 | Steris | 23.25 Bn | 22.77 Bn | 684.20 Mn | 19.15% |
| 10 | Penumbra | 12.81 Bn | 12.15 Bn | 264.94 Mn | 10.52% |
Historic Data
Download Data| Date | Value |
|---|---|
| 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% |