United Therapeutics (UTHR) Gross Margin (2009 - 2026)
United Therapeutics' (UTHR) quarterly Gross Margin came in at 87.3% in Q2 2026, down 173.0% year-over-year from 119.59% in Q2 2025, and up 5.27% quarter-over-quarter from 82.93% in Q1 2026.
Analysis
United Therapeutics (UTHR) Gross Margin (2009 - 2026) Analysis & Trends
United Therapeutics has disclosed Gross Margin across 18 years of filings, most recently posting 87.3% for Q2 2026.
- In Q2 2026, Gross Margin fell 173.0% year-over-year to 87.3%; the TTM figure through Jun 2026 stood at 86.14% (down 284.0% YoY), while the FY2025 annual figure was 87.92%, down 131.0% from the prior year.
- Gross Margin came in at 87.3% for Q2 2026 at United Therapeutics, up from 82.93% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 94.39% in Q1 2022 to a low of 82.93% in Q1 2026.
- Average Gross Margin over 5 years is 89.09%, with a median of 88.97% recorded in 2024.
- Year-over-year, Gross Margin jumped 197 bps in 2022 and slumped 543 bps in 2026.
- Over 5 years, Gross Margin stood at 88.04% in 2022, then advanced by 0 bps to 88.45% in 2023, then increased by 1 bps to 89.69% in 2024, then retreated by 3 bps to 86.91% in 2025, then grew by 0 bps to 87.3% in 2026.
- Per Business Quant data, the three most recent Gross Margin figures were 87.3% in Q2 2026, 82.93% in Q1 2026, and 86.91% in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Johnson & Johnson | 663.08 Bn | 642.33 Bn | 17.26 Bn | 68.19% |
| 2 | AbbVie | 453.04 Bn | 446.51 Bn | 12.70 Bn | 74.74% |
| 3 | Merck | 370.87 Bn | 363.78 Bn | 12.21 Bn | 73.54% |
| 4 | Novartis Ag | 305.29 Bn | 298.00 Bn | 11.24 Bn | 78.02% |
| 5 | Pfizer | 162.10 Bn | 150.70 Bn | 10.94 Bn | 72.78% |
| 6 | Sanofi | 53.95 Bn | 46.98 Bn | 10.79 Bn | 80.05% |
| 7 | Revolution Medicines | 45.00 Bn | 45.00 Bn | - | - |
| 8 | Incyte | 25.47 Bn | 20.94 Bn | 1.57 Bn | 93.73% |
| 9 | United Therapeutics | 20.81 Bn | 18.15 Bn | 683.80 Mn | 87.30% |
| 10 | Jazz Pharmaceuticals | 16.02 Bn | 14.40 Bn | 1.09 Bn | 90.37% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 87.30% |
| Mar 31, 2026 | 82.93% |
| Dec 31, 2025 | 86.91% |
| Sep 30, 2025 | 87.38% |
| Jun 30, 2025 | 89.03% |
| Mar 31, 2025 | 88.36% |
| Dec 31, 2024 | 89.69% |
| Sep 30, 2024 | 88.90% |
| Jun 30, 2024 | 89.12% |
| Mar 31, 2024 | 89.24% |
| Dec 31, 2023 | 88.45% |
| Sep 30, 2023 | 88.50% |
| Jun 30, 2023 | 89.25% |
| Mar 31, 2023 | 89.68% |
| Dec 31, 2022 | 88.04% |
| Sep 30, 2022 | 92.79% |
| Jun 30, 2022 | 93.64% |
| Mar 31, 2022 | 94.39% |
| Dec 31, 2021 | 91.67% |
| Sep 30, 2021 | 93.77% |