Palatin Technologies (PTN) Gross Margin (2019 - 2024)
Palatin Technologies' (PTN) quarterly Gross Margin came in at 100.0% in Q2 2024, up 591.0% YoY from 14.47% in Q3 2023, and up 5.04% on a QoQ basis from 95.2% in Q4 2023.
Palatin Technologies (PTN) Gross Margin (2019 - 2024) Analysis & Trends
Palatin Technologies (PTN) has 6 years of Gross Margin data on file, last reported at 100.0% in Q2 2024.
- Quarterly Gross Margin rose 591.0% year-over-year to 100.0% in Q2 2024, while the trailing twelve-month figure through Mar 2025 was 100.0% (up 342.0% YoY) and the FY2024 annual result came in at 97.83%, up 645.0% from the prior year.
- Gross Margin improved to 100.0% in Q2 2024, from 95.2% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 121.58% in Q2 2021 to a low of 37.53% in Q1 2021.
- A 5-year average of 87.33% and a median of 90.38% in 2022 frame the typical range for Gross Margin.
- The widest YoY moves for Gross Margin: up 4077 bps in 2022, down 3838 bps in 2022.
- Tracing PTN's Gross Margin over 5 years: stood at 82.07% in 2020, then increased by 11 bps to 90.94% in 2021, then slipped by 1 bps to 90.38% in 2022, then grew by 5 bps to 95.2% in 2023, then grew by 5 bps to 100.0% in 2024.
- The last three Gross Margin figures came in at 100.0% (Q2 2024), 95.2% (Q4 2023), and 100.0% (Q3 2023), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Vertex Pharmaceuticals | 137.11 Bn | 129.26 Bn | 2.84 Bn | 85.33% |
| 2 | Regeneron Pharmaceuticals | 84.98 Bn | 76.99 Bn | 3.93 Bn | 91.59% |
| 3 | Argenx Se | 64.52 Bn | 59.33 Bn | 1.37 Bn | 90.43% |
| 4 | Moderna | 53.23 Bn | 48.09 Bn | 52.00 Mn | 35.86% |
| 5 | BeOne Medicines | 41.23 Bn | 36.14 Bn | 1.53 Bn | 89.76% |
| 6 | Alnylam Pharmaceuticals | 30.65 Bn | 27.34 Bn | 992.69 Mn | 76.90% |
| 7 | Insmed | 27.15 Bn | 25.99 Bn | 358.27 Mn | 84.20% |
| 8 | Royalty Pharma | 26.98 Bn | 26.14 Bn | - | - |
| 9 | BioNTech SE | 26.78 Bn | 8.39 Bn | 668.28 Mn | 63.27% |
| 10 | Palatin Technologies | 40.86 Mn | 40.86 Mn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2024 | 100.00% |
| Dec 31, 2023 | 95.20% |
| Sep 30, 2023 | 100.00% |
| Jun 30, 2023 | 94.09% |
| Mar 31, 2023 | 89.19% |
| Dec 31, 2022 | 90.38% |
| Sep 30, 2022 | 90.05% |
| Jun 30, 2022 | 83.19% |
| Mar 31, 2022 | 78.29% |
| Dec 31, 2021 | 90.94% |
| Sep 30, 2021 | 66.18% |
| Jun 30, 2021 | 121.58% |
| Mar 31, 2021 | 37.53% |
| Dec 31, 2020 | 82.07% |
| Sep 30, 2020 | 91.27% |
| Dec 31, 2019 | 100.00% |
| Sep 30, 2019 | 100.00% |