Tenon Medical (TNON) Gross Margin (2021 - 2026)
Tenon Medical (TNON) posted Gross Margin of 63.64% for Q2 2026, up 20.20 percentage points from 43.44% a year earlier but down 4.88 percentage points from the prior quarter.
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Analysis
Tenon Medical (TNON) Gross Margin (2021 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, Gross Margin at Tenon Medical was 66.81%, up 21.37 percentage points year-over-year; for FY2025, it came in at 59.79%, up 7.57 percentage points from FY2024.
- Annual Gross Margin has increased for three consecutive years, though with a four-year change of -5.84 percentage points (FY2021 to FY2025).
- In prior years, Tenon Medical's Gross Margin was 52.21% in FY2024 (+9.83 pp), 42.38% in FY2023 (+135.15 pp), -92.76% in FY2022 (-158.39 pp) and 65.63% in FY2021.
- Quarterly Gross Margin has run from a low of -287.32% in Q1 2022 to a high of 74.29% in Q3 2021 over five years.
- On a year-over-year basis, Gross Margin has increased in each of the last four quarters, with an average year-over-year change of +2.92 percentage points over the last eight quarters.
- The strongest year-over-year quarter for Gross Margin in the past five years was Q1 2023, with a gain of 276.47 percentage points; the weakest was Q1 2022, with a drop of 313.99 percentage points.
- According to Business Quant data, Gross Margin for the three prior quarters was 68.53% (Q1 2026), 68.67% (Q4 2025) and 65.90% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Thermo Fisher Scientific | 249.71 Bn | 228.86 Bn | 4.88 Bn | 40.70% |
| 2 | Abbott Laboratories | 171.00 Bn | 142.08 Bn | 7.27 Bn | 57.71% |
| 3 | Danaher | 155.79 Bn | 139.61 Bn | 3.61 Bn | 57.64% |
| 4 | Intuitive Surgical | 143.91 Bn | 123.46 Bn | 1.96 Bn | 67.78% |
| 5 | Medtronic | 110.42 Bn | 76.29 Bn | 6.34 Bn | 64.99% |
| 6 | Stryker | 105.71 Bn | 91.82 Bn | 4.50 Bn | 68.27% |
| 7 | Boston Scientific | 63.26 Bn | 58.27 Bn | 3.85 Bn | 70.71% |
| 8 | Edwards Lifesciences | 49.80 Bn | 33.91 Bn | 1.35 Bn | 77.46% |
| 9 | Becton Dickinson | 48.78 Bn | 45.93 Bn | 2.32 Bn | 46.46% |
| 10 | Tenon Medical | 1.34 Mn | -12.14 Mn | 814,000.00 | 63.64% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 63.64% |
| Mar 31, 2026 | 68.53% |
| Dec 31, 2025 | 68.67% |
| Sep 30, 2025 | 65.90% |
| Jun 30, 2025 | 43.44% |
| Mar 31, 2025 | 44.49% |
| Dec 31, 2024 | 45.84% |
| Sep 30, 2024 | 47.13% |
| Jun 30, 2024 | 52.16% |
| Mar 31, 2024 | 65.37% |
| Dec 31, 2023 | 69.18% |
| Sep 30, 2023 | 56.67% |
| Jun 30, 2023 | 26.11% |
| Mar 31, 2023 | -10.85% |
| Dec 31, 2022 | -74.73% |
| Sep 30, 2022 | -45.19% |
| Jun 30, 2022 | -100.74% |
| Mar 31, 2022 | -287.32% |
| Dec 31, 2021 | 67.92% |
| Sep 30, 2021 | 74.29% |
API Access
Tenon Medical 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=TNON&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "ticker": "TNON", "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=TNON&period=max&api_key=YOUR_API_KEY");
const data = await res.json();