QHSLab (USAQ) Net Margin (2021 - 2025)
QHSLab (USAQ) recorded Net Margin of 79.08% in Q4 2025, up 125.02 percentage points from -45.94% a year earlier and up 74.55 percentage points from the prior quarter.
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Analysis
QHSLab (USAQ) Net Margin (2021 - 2025) Analysis & Trends
For FY2025, QHSLab reported Net Margin of 16.99%, up 29.15 percentage points from FY2024.
- Annual Net Margin has increased for three straight years, with a five-year change of +279.89 percentage points (FY2020 to FY2025).
- Across earlier years, Net Margin came in at -12.16% in FY2024 (+21.08 pp), -33.24% in FY2023 (+46.88 pp), -80.12% in FY2022 (-25.67 pp) and -54.45% in FY2021 (+208.44 pp).
- The Q4 2025 figure is the highest quarterly Net Margin in data going back to Q1 2021.
- On a year-over-year basis, Net Margin rose in four of the last eight quarters, with an average year-over-year change of +24.44 percentage points.
- Peak year-over-year performance for Net Margin in the last five years was a gain of 125.02 percentage points in Q4 2025, against a drop of 54.99 percentage points in Q2 2022 at the low end.
- Per Business Quant, the preceding three quarters came in at 4.53% (Q3 2025), -8.75% (Q2 2025) and -12.33% (Q1 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Bryn | 945.00 Bn | 945.00 Bn | - | - |
| 2 | Veeva Systems | 51.55 Bn | 23.79 Bn | 695.95 Mn | 29.47% |
| 3 | Samsara | 24.79 Bn | 21.56 Bn | 392.58 Mn | 3.19% |
| 4 | Ptc | 22.17 Bn | 20.99 Bn | 490.47 Mn | 19.80% |
| 5 | Toast | 18.88 Bn | 11.55 Bn | 516.00 Mn | 8.07% |
| 6 | Trimble | 14.47 Bn | 13.54 Bn | 674.90 Mn | -48.53% |
| 7 | Manhattan Associates | 13.68 Bn | 12.67 Bn | 168.33 Mn | 16.91% |
| 8 | Costar | 13.35 Bn | 7.30 Bn | 728.00 Mn | 5.95% |
| 9 | Bentley Systems | 11.88 Bn | 11.34 Bn | 336.74 Mn | 19.13% |
| 10 | QHSLab | 3.50 Mn | 2.48 Mn | 488,259.00 | 79.08% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2025 | 79.08% |
| Sep 30, 2025 | 4.53% |
| Jun 30, 2025 | -8.75% |
| Mar 31, 2025 | -12.33% |
| Dec 31, 2024 | -45.94% |
| Sep 30, 2024 | 9.14% |
| Jun 30, 2024 | -0.61% |
| Mar 31, 2024 | -3.79% |
| Dec 31, 2023 | -27.50% |
| Sep 30, 2023 | -24.51% |
| Jun 30, 2023 | -26.37% |
| Mar 31, 2023 | -54.58% |
| Dec 31, 2022 | -80.76% |
| Sep 30, 2022 | -115.15% |
| Jun 30, 2022 | -79.64% |
| Mar 31, 2022 | -53.56% |
| Dec 31, 2021 | -81.94% |
| Sep 30, 2021 | -92.69% |
| Jun 30, 2021 | -24.65% |
| Mar 31, 2021 | -28.48% |
API Access
QHSLab Net 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=net-margin&ticker=USAQ&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-margin", "ticker": "USAQ", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=net-margin&ticker=USAQ&period=max&api_key=YOUR_API_KEY");
const data = await res.json();