Tandem Diabetes Care (TNDM) Gross Margin (2013 - 2026)
Tandem Diabetes Care (TNDM) recorded Gross Margin of 56.87% in Q2 2026, up 4.58 percentage points from 52.29% a year earlier and up 1.54 percentage points from the prior quarter.
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Analysis
Tandem Diabetes Care (TNDM) Gross Margin (2013 - 2026) Analysis & Trends
On a TTM basis, Tandem Diabetes Care's Gross Margin came in at 56.01% as of Jun 30, 2026, up 3.47 percentage points year-over-year; for FY2025, it was 53.81%, up 1.74 percentage points from FY2024.
- Annual Gross Margin has a five-year change of +1.58 percentage points (FY2020 to FY2025).
- Across earlier years, Gross Margin came in at 52.07% in FY2024 (+2.90 pp), 49.17% in FY2023 (-2.37 pp), 51.54% in FY2022 (-1.99 pp) and 53.53% in FY2021 (+1.30 pp).
- Quarterly Gross Margin has ranged from 47.41% in Q4 2023 to 57.67% in Q4 2025 over the past five years.
- On a year-over-year basis, Gross Margin has increased for eight consecutive quarters, with an average year-over-year change of +3.47 percentage points over the last eight quarters.
- Peak year-over-year performance for Gross Margin in the last five years was a gain of 8.30 percentage points in Q4 2024, against a drop of 4.98 percentage points in Q4 2023 at the low end.
- Per Business Quant, the preceding three quarters came in at 55.33% (Q1 2026), 57.67% (Q4 2025) and 53.88% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Thermo Fisher Scientific | 251.30 Bn | 230.45 Bn | 4.88 Bn | 40.70% |
| 2 | Abbott Laboratories | 174.70 Bn | 145.78 Bn | 7.27 Bn | 57.71% |
| 3 | Danaher | 158.94 Bn | 142.76 Bn | 3.61 Bn | 57.64% |
| 4 | Intuitive Surgical | 145.87 Bn | 125.42 Bn | 1.96 Bn | 67.78% |
| 5 | Medtronic | 111.49 Bn | 77.36 Bn | 6.34 Bn | 64.99% |
| 6 | Stryker | 106.96 Bn | 93.08 Bn | 4.50 Bn | 68.27% |
| 7 | Boston Scientific | 63.62 Bn | 58.63 Bn | 3.85 Bn | 70.71% |
| 8 | Edwards Lifesciences | 50.80 Bn | 34.92 Bn | 1.35 Bn | 77.46% |
| 9 | Becton Dickinson | 49.59 Bn | 46.74 Bn | 2.32 Bn | 46.46% |
| 10 | Tandem Diabetes Care | 1.15 Bn | -485.75 Mn | 144.78 Mn | 56.87% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 56.87% |
| Mar 31, 2026 | 55.33% |
| Dec 31, 2025 | 57.67% |
| Sep 30, 2025 | 53.88% |
| Jun 30, 2025 | 52.29% |
| Mar 31, 2025 | 50.51% |
| Dec 31, 2024 | 55.71% |
| Sep 30, 2024 | 51.09% |
| Jun 30, 2024 | 50.83% |
| Mar 31, 2024 | 49.39% |
| Dec 31, 2023 | 47.41% |
| Sep 30, 2023 | 48.35% |
| Jun 30, 2023 | 51.93% |
| Mar 31, 2023 | 48.95% |
| Dec 31, 2022 | 52.39% |
| Sep 30, 2022 | 51.05% |
| Jun 30, 2022 | 50.91% |
| Mar 31, 2022 | 51.78% |
| Dec 31, 2021 | 54.16% |
| Sep 30, 2021 | 53.86% |
API Access
Tandem Diabetes Care 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=TNDM&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "ticker": "TNDM", "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=TNDM&period=max&api_key=YOUR_API_KEY");
const data = await res.json();