Pennant (PNTG) Gross Margin (2018 - 2026)
Pennant's Gross Margin came in at 17.91% for Q3 2026, down 1.13 percentage points from 19.04% a year earlier and down 0.67 percentage points from the prior quarter.
Pennant (PNTG) Gross Margin (2018 - 2026) Analysis & Trends
Over the trailing twelve months to Sep 30, 2026, Pennant reported Gross Margin of 18.25%, down 1.00 percentage points year-over-year; for FY2025, it came in at 18.91%, down 0.77 percentage points from FY2024.
- Gross Margin carries a five-year change of -5.15 percentage points (FY2020 to FY2025).
- Going back by year, Gross Margin was 19.68% in FY2024 (+0.08 pp), 19.60% in FY2023 (-0.81 pp), 20.41% in FY2022 (+0.07 pp) and 20.35% in FY2021 (-3.72 pp).
- The Q3 2026 figure represents the lowest quarterly Gross Margin in data going back to Q3 2018.
- Year-over-year, Gross Margin has declined for eight consecutive quarters, with an average year-over-year change of -0.80 percentage points over the last eight quarters.
- The fastest year-over-year change in Gross Margin over five years came in Q4 2022 (a gain of 1.42 percentage points), and the weakest in Q4 2021 (a drop of 3.91 percentage points).
- Business Quant data shows PNTG's Gross Margin at 18.57% (Q2 2026), 18.47% (Q1 2026) and 18.07% (Q4 2025) in the three quarters before Q3 2026.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | HCA Healthcare | 105.29 Bn | 103.13 Bn | 17.03 Bn | 85.78% |
| 2 | Natera | 46.06 Bn | 41.68 Bn | 513.47 Mn | 64.67% |
| 3 | Labcorp Holdings | 30.09 Bn | 28.19 Bn | 1.11 Bn | 29.08% |
| 4 | Quest Diagnostics | 28.58 Bn | 26.66 Bn | 1.04 Bn | 33.65% |
| 5 | Guardant Health | 20.44 Bn | 16.05 Bn | 236.15 Mn | 65.42% |
| 6 | BrightSpring Health Services | 14.16 Bn | 11.04 Bn | 518.55 Mn | 12.31% |
| 7 | Encompass Health | 13.83 Bn | 14.29 Bn | 1.54 Bn | 95.96% |
| 8 | Tempus AI | 12.69 Bn | 9.84 Bn | 266.70 Mn | 64.81% |
| 9 | Davita | 11.06 Bn | 9.92 Bn | 1.13 Bn | 31.50% |
| 10 | Pennant | 1.27 Bn | 1.25 Bn | 54.12 Mn | 17.91% |
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 17.91% |
| Jun 30, 2026 | 18.57% |
| Mar 31, 2026 | 18.47% |
| Dec 31, 2025 | 18.07% |
| Sep 30, 2025 | 19.04% |
| Jun 30, 2025 | 19.24% |
| Mar 31, 2025 | 19.58% |
| Dec 31, 2024 | 19.17% |
| Sep 30, 2024 | 20.05% |
| Jun 30, 2024 | 19.81% |
| Mar 31, 2024 | 19.70% |
| Dec 31, 2023 | 19.88% |
| Sep 30, 2023 | 19.84% |
| Jun 30, 2023 | 19.73% |
| Mar 31, 2023 | 18.87% |
| Dec 31, 2022 | 20.60% |
| Sep 30, 2022 | 20.00% |
| Jun 30, 2022 | 20.29% |
| Mar 31, 2022 | 20.76% |
| Dec 31, 2021 | 19.18% |
Pennant Gross 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=gross-margin&ticker=PNTG&period=max&api_key=YOUR_API_KEY
import requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "ticker": "PNTG", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()
const res = await fetch("https://data.businessquant.com/historic?slug=gross-margin&ticker=PNTG&period=max&api_key=YOUR_API_KEY");
const data = await res.json();