Penumbra (PEN) Operating Margin (2014 - 2026)
Penumbra (PEN) reported Operating Margin of 10.2% for Q1 2026, down 225.0% year-over-year from 8.16% in Q1 2025, and down 33.62% on a QoQ basis from 15.37% in Q4 2025.
Penumbra (PEN) has 13 years of Operating Margin data on file, last reported at 10.2% in Q1 2026.
- Quarterly Operating Margin fell 225.0% year-over-year to 10.2% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 12.87% (up 984.0% YoY) and the FY2025 annual result came in at 13.48%, up 1271.0% from the prior year.
- Operating Margin eased to 10.2% in Q1 2026 per PEN's latest filing, from 15.37% 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.
- The 5-year median for Operating Margin is 6.84% (2023), against an average of 5.66%.
- The widest annual swing landed in 2024, when Operating Margin sank 3388 bps; it then surged 3907 bps in 2025.
- Tracing PEN's Operating Margin over 5 years: stood at 2.18% in 2022, then surged by 463 bps to 12.3% in 2023, then advanced by 10 bps to 13.56% in 2024, then grew by 13 bps to 15.37% in 2025, then tumbled by 34 bps to 10.2% in 2026.
- Per Business Quant, the three latest PEN Operating Margin figures stand at 10.2% (Q1 2026), 15.37% (Q4 2025), and 13.77% (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Abbott Laboratories | 152.82 Bn | 146.17 Bn | 6.27 Bn | 12.05% |
| 2 | Stryker | 115.07 Bn | 112.19 Bn | 3.81 Bn | 15.55% |
| 3 | Medtronic | 95.25 Bn | 87.08 Bn | 5.76 Bn | 16.24% |
| 4 | Boston Scientific | 71.38 Bn | 70.17 Bn | 3.61 Bn | 21.16% |
| 5 | Edwards Lifesciences | 51.08 Bn | 47.41 Bn | 1.29 Bn | 28.97% |
| 6 | Koninklijke Philips | 29.38 Bn | 26.07 Bn | 2.07 Bn | 6.17% |
| 7 | Dexcom | 28.84 Bn | 27.72 Bn | 750.30 Mn | 21.42% |
| 8 | GE HealthCare Technologies | 28.56 Bn | 26.49 Bn | 1.98 Bn | 10.04% |
| 9 | Steris | 20.71 Bn | 20.30 Bn | 697.10 Mn | 19.94% |
| 10 | Penumbra | 12.52 Bn | 11.91 Bn | 253.41 Mn | 10.20% |
Historic Data
Download Data| Date | Value |
|---|---|
| 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% |
| Jun 30, 2021 | 5.60% |
| Mar 31, 2021 | 7.96% |
| Dec 31, 2020 | -1.05% |
| Sep 30, 2020 | -13.34% |
| Jun 30, 2020 | -16.79% |
| Mar 31, 2020 | 0.44% |
| Dec 31, 2019 | 7.28% |
| Sep 30, 2019 | 9.30% |
| Jun 30, 2019 | 9.54% |
| Mar 31, 2019 | 8.68% |
| Dec 31, 2018 | 5.52% |
| Sep 30, 2018 | -18.65% |
| Jun 30, 2018 | 8.47% |
| Mar 31, 2018 | 3.94% |
| Dec 31, 2017 | 4.01% |
| Sep 30, 2017 | 0.81% |
| Jun 30, 2017 | -1.65% |
| Mar 31, 2017 | -2.79% |
| Dec 31, 2016 | -1.58% |
| Sep 30, 2016 | -2.03% |
| Jun 30, 2016 | -1.03% |
| Mar 31, 2016 | 3.17% |
| Dec 31, 2015 | 3.34% |
| Sep 30, 2015 | 4.33% |
| Jun 30, 2015 | -9.01% |
| Mar 31, 2015 | 10.24% |
| Dec 31, 2014 | 0.91% |
| Sep 30, 2014 | 0.96% |
| Jun 30, 2014 | 65.76% |
| Mar 31, 2014 | 66.71% |