United Therapeutics (UTHR) Net Margin (2009 - 2026)
United Therapeutics' (UTHR) quarterly Net Margin came in at 42.51% in Q2 2026, up 376.0% year-over-year from 8.93% in Q2 2025, and up 20.86% quarter-over-quarter from 35.18% in Q1 2026.
Analysis
United Therapeutics (UTHR) Net Margin (2009 - 2026) Analysis & Trends
United Therapeutics has disclosed Net Margin across 18 years of filings, most recently posting 42.51% for Q2 2026.
- In Q2 2026, Net Margin rose 376.0% year-over-year to 42.51%; the TTM figure through Jun 2026 stood at 41.56% (up 120.0% YoY), while the FY2025 annual figure was 41.94%, up 40.0% from the prior year.
- Net Margin came in at 42.51% for Q2 2026 at United Therapeutics, up from 35.18% 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.
- Average Net Margin over 5 years is 40.67%, with a median of 41.82% recorded in 2025.
- The largest YoY upside for Net Margin was 4447 bps in 2022 against a maximum downside of 1381 bps in 2022.
- Over 5 years, 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 declined by 8 bps to 42.51% in 2026.
- Per Business Quant data, the three most recent Net Margin figures were 42.51% in Q2 2026, 35.18% in Q1 2026, and 46.1% in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Johnson & Johnson | 645.04 Bn | 624.28 Bn | 17.26 Bn | 21.86% |
| 2 | AbbVie | 440.25 Bn | 433.68 Bn | 12.70 Bn | 21.28% |
| 3 | Merck | 365.65 Bn | 358.51 Bn | 12.21 Bn | -8.05% |
| 4 | Novartis Ag | 266.64 Bn | 258.95 Bn | 11.24 Bn | 22.65% |
| 5 | Pfizer | 159.03 Bn | 147.33 Bn | 10.94 Bn | -1.58% |
| 6 | Sanofi | 52.43 Bn | 45.05 Bn | 10.79 Bn | 2.96% |
| 7 | Revolution Medicines | 44.19 Bn | 44.19 Bn | - | - |
| 8 | Incyte | 25.29 Bn | 20.75 Bn | 1.57 Bn | 34.98% |
| 9 | United Therapeutics | 21.44 Bn | 18.77 Bn | 683.80 Mn | 42.51% |
| 10 | Neurocrine Biosciences | 15.52 Bn | 15.13 Bn | 935.80 Mn | 15.06% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 42.51% |
| 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% |