Sanara MedTech (SMTI) Gross Margin (2010 - 2026)
Sanara MedTech (SMTI) reported Gross Margin of 93.08% for Q1 2026, up 91.0% on a YoY basis from 48.73% in Q1 2025, and little changed quarter-over-quarter from 93.19% in Q4 2025.
Sanara MedTech (SMTI) Gross Margin (2010 - 2026) Analysis & Trends
Sanara MedTech has reported Gross Margin for 16 years, with the latest figure at 93.08% in Q1 2026.
- For the quarter ending Q1 2026, Gross Margin rose 91.0% year-over-year to 93.08%; the trailing twelve-month figure through Mar 2026 stood at 92.92% (up 175.0% YoY), and the FY2025 full-year result was 92.71%, up 210.0% from the prior year.
- Gross Margin for Q1 2026 stood at 93.08%, roughly flat from 93.19% in the prior quarter.
- The five-year high for Gross Margin was 93.19% in Q4 2025, with the low at 82.92% in Q3 2022.
- Historically, Gross Margin has averaged 89.68% across 5 years, with a median of 90.04% in 2024.
- Annual changes were most pronounced in 2022 — Gross Margin plunged 820 bps — and 2023, when it jumped 616 bps.
- Sanara MedTech's Gross Margin stood at 84.53% in 2022, then grew by 6 bps to 89.89% in 2023, then rose by 2 bps to 91.45% in 2024, then grew by 2 bps to 93.19% in 2025, then dropped by 0 bps to 93.08% in 2026.
- The last three Gross Margin figures came in at 93.08% (Q1 2026), 93.19% (Q4 2025), and 92.88% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Intuitive Surgical | 148.09 Bn | 143.69 Bn | 1.83 Bn | 66.06% |
| 2 | Becton Dickinson | 41.00 Bn | 39.99 Bn | 2.15 Bn | 45.69% |
| 3 | Medline | 30.38 Bn | 36.22 Bn | 1.84 Bn | 25.04% |
| 4 | Resmed | 28.22 Bn | 26.56 Bn | 890.98 Mn | 62.25% |
| 5 | West Pharmaceutical Services | 23.72 Bn | 23.19 Bn | 296.40 Mn | 35.08% |
| 6 | Solventum | 13.33 Bn | 13.33 Bn | 1.10 Bn | 54.66% |
| 7 | Cooper Companies | 13.12 Bn | 12.99 Bn | 735.40 Mn | 68.00% |
| 8 | Align Technology | 12.86 Bn | 11.80 Bn | 736.59 Mn | 70.82% |
| 9 | Baxter International | 10.51 Bn | 8.47 Bn | 891.00 Mn | 32.99% |
| 10 | Sanara MedTech | 196.68 Mn | 183.08 Mn | 25.87 Mn | 93.08% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 93.08% |
| Dec 31, 2025 | 93.19% |
| Sep 30, 2025 | 92.88% |
| Jun 30, 2025 | 92.50% |
| Mar 31, 2025 | 92.17% |
| Dec 31, 2024 | 91.45% |
| Sep 30, 2024 | 90.81% |
| Jun 30, 2024 | 90.04% |
| Mar 31, 2024 | 89.80% |
| Dec 31, 2023 | 89.89% |
| Sep 30, 2023 | 89.07% |
| Jun 30, 2023 | 86.11% |
| Mar 31, 2023 | 86.31% |
| Dec 31, 2022 | 84.53% |
| Sep 30, 2022 | 82.92% |
| Jun 30, 2022 | 90.09% |
| Mar 31, 2022 | 89.69% |
| Dec 31, 2021 | 88.87% |
| Sep 30, 2021 | 91.11% |
| Jun 30, 2021 | 91.45% |