Penumbra (PEN) Operating Margin (2014 - 2026)
Penumbra's Operating Margin was 10.52% in Q2 2026, down 1.51 percentage points from 12.03% a year earlier but up 0.32 percentage points from the prior quarter.
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Analysis
Penumbra (PEN) Operating Margin (2014 - 2026) Analysis & Trends
On a trailing twelve-month basis, Penumbra's Operating Margin was 12.45% through Jun 30, 2026, unchanged year-over-year; for FY2025, it came in at 13.48%, up 12.71 percentage points from FY2024.
- Operating Margin shows a five-year change of +20.43 percentage points (FY2020 to FY2025).
- In earlier years, Operating Margin was 0.78% in FY2024 (-6.17 pp), 6.95% in FY2023 (+6.23 pp), 0.72% in FY2022 (+1.72 pp) and -1.00% in FY2021 (+5.95 pp).
- Quarterly Operating Margin has moved between -27.04% (Q2 2024) and 15.37% (Q4 2025) over five years.
- Compared with a year earlier, Operating Margin was higher in six of the last eight quarters, with an average year-over-year change of +6.95 percentage points.
- The best year-over-year quarter for Operating Margin over five years was Q2 2025 (a gain of 39.07 percentage points); the worst was Q2 2024 (a drop of 33.88 percentage points).
- Per Business Quant data, PEN's Operating Margin in the three quarters before Q2 2026 was 10.20% (Q1 2026), 15.37% (Q4 2025) and 13.77% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Thermo Fisher Scientific | 251.30 Bn | 230.45 Bn | 4.88 Bn | 17.40% |
| 2 | Abbott Laboratories | 174.70 Bn | 145.78 Bn | 7.27 Bn | 13.44% |
| 3 | Danaher | 158.94 Bn | 142.76 Bn | 3.61 Bn | 17.99% |
| 4 | Intuitive Surgical | 145.87 Bn | 125.42 Bn | 1.96 Bn | 33.60% |
| 5 | Medtronic | 111.49 Bn | 77.36 Bn | 6.34 Bn | 18.08% |
| 6 | Stryker | 106.96 Bn | 93.08 Bn | 4.50 Bn | 25.18% |
| 7 | Boston Scientific | 63.62 Bn | 58.63 Bn | 3.85 Bn | 21.65% |
| 8 | Edwards Lifesciences | 50.80 Bn | 34.92 Bn | 1.35 Bn | 29.48% |
| 9 | Becton Dickinson | 49.59 Bn | 46.74 Bn | 2.32 Bn | 13.31% |
| 10 | Penumbra | 12.56 Bn | 10.27 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% |
API Access
Penumbra Operating 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=operating-margin&ticker=PEN&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-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=operating-margin&ticker=PEN&period=max&api_key=YOUR_API_KEY");
const data = await res.json();