United Therapeutics (UTHR) Gross Margin (2009 - 2026)
United Therapeutics' (UTHR) quarterly Gross Margin came in at 82.93% in Q1 2026, down 543.0% year-on-year from 18.72% in Q1 2025, and down 4.58% quarter-over-quarter from 86.91% in Q4 2025.
United Therapeutics (UTHR) Gross Margin (2009 - 2026) Analysis & Trends
United Therapeutics has disclosed Gross Margin across 18 years of filings, most recently posting 82.93% for Q1 2026.
- Gross Margin for Q1 2026 came in at 82.93%, down 543.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 86.58% (down 242.0% YoY), and the FY2025 annual result was 87.92%, down 131.0% from the prior year.
- Gross Margin came in at 82.93% for Q1 2026 at United Therapeutics, down from 86.91% 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.
- The 5-year median for Gross Margin is 89.03% (2025), against an average of 89.19%.
- Across the five-year window, Gross Margin soared 197 bps in 2022 and tumbled 543 bps in 2026, its largest moves.
- United Therapeutics' 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 retreated by 5 bps to 82.93% in 2026.
- The last three Gross Margin figures came in at 82.93% (Q1 2026), 86.91% (Q4 2025), and 87.38% (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Teva Pharmaceutical Industries | 38.34 Bn | 34.60 Bn | 1.97 Bn | 49.52% |
| 2 | Zoetis | 33.27 Bn | 31.33 Bn | 1.62 Bn | 71.66% |
| 3 | United Therapeutics | 23.75 Bn | 21.60 Bn | 648.10 Mn | 82.93% |
| 4 | Aurora Cannabis | 17.11 Bn | 17.03 Bn | 33.43 Mn | 49.50% |
| 5 | Neurocrine Biosciences | 16.37 Bn | 15.05 Bn | 800.70 Mn | 98.31% |
| 6 | Elanco Animal Health | 11.78 Bn | 11.35 Bn | 785.00 Mn | 57.26% |
| 7 | Alkermes | 7.05 Bn | 6.54 Bn | -116.06 Mn | -293.83% |
| 8 | Lantheus Holdings | 6.49 Bn | 5.99 Bn | 230.92 Mn | 61.20% |
| 9 | Hims & Hers Health | 6.19 Bn | 5.44 Bn | 396.79 Mn | 65.25% |
| 10 | Liquidia | 5.63 Bn | 5.40 Bn | 121.79 Mn | 91.66% |
Historic Data
Download Data| Date | Value |
|---|---|
| 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% |
| Jun 30, 2021 | 91.67% |