United Therapeutics (UTHR) Net Margin (2009 - 2026)
United Therapeutics' (UTHR) quarterly Net Margin came in at 35.18% in Q1 2026, down 538.0% year-on-year from 8.03% in Q1 2025, and down 23.7% quarter-over-quarter from 46.1% in Q4 2025.
United Therapeutics (UTHR) Net Margin (2009 - 2026) Analysis & Trends
United Therapeutics has disclosed Net Margin across 18 years of filings, most recently posting 35.18% for Q1 2026.
- Net Margin for Q1 2026 came in at 35.18%, down 538.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 40.61% (up 18.0% YoY), and the FY2025 annual result was 41.94%, up 40.0% from the prior year.
- Net Margin came in at 35.18% for Q1 2026 at United Therapeutics, down from 46.1% in the prior quarter.
- In the past five years, Net Margin ranged from a high of 51.94% in Q1 2022 to a low of 24.84% in Q2 2022.
- The 5-year median for Net Margin is 41.27% (2024), against an average of 40.56%.
- Peak annual rise in Net Margin reached 4447 bps in 2022, while the deepest fall reached 1381 bps in 2022.
- United Therapeutics' Net Margin stood at 26.88% in 2022, then surged by 31 bps to 35.32% in 2023, then advanced by 16 bps to 40.94% in 2024, then gained by 13 bps to 46.1% in 2025, then slipped by 24 bps to 35.18% in 2026.
- The last three Net Margin figures came in at 35.18% (Q1 2026), 46.1% (Q4 2025), and 42.36% (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Teva Pharmaceutical Industries | 38.34 Bn | 34.60 Bn | 1.97 Bn | 9.19% |
| 2 | Zoetis | 33.27 Bn | 31.33 Bn | 1.62 Bn | 26.57% |
| 3 | United Therapeutics | 23.75 Bn | 21.60 Bn | 648.10 Mn | 35.18% |
| 4 | Aurora Cannabis | 17.11 Bn | 17.03 Bn | 33.43 Mn | 2.94% |
| 5 | Neurocrine Biosciences | 16.37 Bn | 15.05 Bn | 800.70 Mn | 24.30% |
| 6 | Elanco Animal Health | 11.78 Bn | 11.35 Bn | 785.00 Mn | 4.16% |
| 7 | Alkermes | 7.05 Bn | 6.54 Bn | -116.06 Mn | -168.42% |
| 8 | Lantheus Holdings | 6.49 Bn | 5.99 Bn | 230.92 Mn | 31.38% |
| 9 | Hims & Hers Health | 6.19 Bn | 5.44 Bn | 396.79 Mn | -15.15% |
| 10 | Liquidia | 5.63 Bn | 5.40 Bn | 121.79 Mn | 39.80% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 35.18% |
| Dec 31, 2025 | 46.10% |
| Sep 30, 2025 | 42.36% |
| Jun 30, 2025 | 38.76% |
| Mar 31, 2025 | 40.56% |
| Dec 31, 2024 | 40.94% |
| Sep 30, 2024 | 41.27% |
| Jun 30, 2024 | 38.90% |
| Mar 31, 2024 | 45.24% |
| Dec 31, 2023 | 35.32% |
| Sep 30, 2023 | 43.91% |
| Jun 30, 2023 | 43.45% |
| Mar 31, 2023 | 47.52% |
| Dec 31, 2022 | 26.88% |
| Sep 30, 2022 | 46.38% |
| Jun 30, 2022 | 24.84% |
| Mar 31, 2022 | 51.94% |
| Dec 31, 2021 | 27.02% |
| Sep 30, 2021 | 36.59% |
| Jun 30, 2021 | 38.66% |