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
Download Data
Historic 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% |