Tarsus Pharmaceuticals (TARS) FCF Margin (2021 - 2026)
Tarsus Pharmaceuticals' FCF Margin came in at 32.86% for Q2 2026, up 62.46 percentage points from -29.60% a year earlier and up 51.67 percentage points from the prior quarter.
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Analysis
Tarsus Pharmaceuticals (TARS) FCF Margin (2021 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Tarsus Pharmaceuticals reported FCF Margin of 9.24%, up 37.26 percentage points year-over-year; for FY2025, it was -4.94%, up 41.30 percentage points from FY2024.
- FCF Margin carries a four-year change of -10.49 percentage points (FY2021 to FY2025).
- Going back by year, FCF Margin was -46.24% in FY2024 (+635.80 pp), -682.04% in FY2023 (-490.16 pp), -191.88% in FY2022 (-197.43 pp) and 5.54% in FY2021.
- The Q2 2026 figure represents the highest quarterly FCF Margin since Q3 2021.
- Year-over-year, FCF Margin has increased for eight consecutive quarters, with an average year-over-year change of +282.78 percentage points over the last eight quarters.
- The fastest year-over-year change in FCF Margin over five years came in Q4 2022 (a gain of 3557.15 percentage points), and the weakest in Q1 2022 (a drop of 2830.06 percentage points).
- Business Quant data shows TARS's FCF Margin at -18.80% (Q1 2026), 8.55% (Q4 2025) and 13.77% (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Johnson & Johnson | 655.56 Bn | 574.09 Bn | 17.26 Bn | 28.82% |
| 2 | AbbVie | 470.94 Bn | 444.10 Bn | 12.70 Bn | 18.33% |
| 3 | Merck | 367.14 Bn | 321.57 Bn | 12.21 Bn | 26.96% |
| 4 | Novartis Ag | 280.33 Bn | 236.20 Bn | 11.24 Bn | 43.05% |
| 5 | Astrazeneca | 257.78 Bn | 231.34 Bn | 12.86 Bn | 34.72% |
| 6 | Amgen | 226.04 Bn | 181.44 Bn | 7.24 Bn | 34.70% |
| 7 | Gilead Sciences | 188.89 Bn | 163.01 Bn | 6.22 Bn | 44.00% |
| 8 | Pfizer | 163.75 Bn | 110.70 Bn | 10.94 Bn | 2.01% |
| 9 | Vertex Pharmaceuticals | 133.68 Bn | 105.69 Bn | 2.84 Bn | 30.39% |
| 10 | Tarsus Pharmaceuticals | 3.32 Bn | 2.27 Bn | 161.80 Mn | 32.86% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 32.86% |
| Mar 31, 2026 | -18.80% |
| Dec 31, 2025 | 8.55% |
| Sep 30, 2025 | 13.77% |
| Jun 30, 2025 | -29.60% |
| Mar 31, 2025 | -27.12% |
| Dec 31, 2024 | -33.51% |
| Sep 30, 2024 | -18.57% |
| Jun 30, 2024 | -37.84% |
| Mar 31, 2024 | -137.48% |
| Dec 31, 2023 | -300.82% |
| Sep 30, 2023 | -1,749.71% |
| Mar 31, 2023 | -892.40% |
| Dec 31, 2022 | -110.01% |
| Jun 30, 2022 | -28.68% |
| Mar 31, 2022 | -2,865.86% |
| Dec 31, 2021 | -3,667.16% |
| Sep 30, 2021 | 563.79% |
| Jun 30, 2021 | 93.27% |
| Mar 31, 2021 | -35.80% |
API Access
Tarsus Pharmaceuticals FCF 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=fcf-margin&ticker=TARS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "fcf-margin", "ticker": "TARS", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=fcf-margin&ticker=TARS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();