United Therapeutics UTHR
NASDAQ UTHR
$505.58 +7.61 (+1.53%)
As of: Sep 9, 2026 · 3:04 PM EDT

United Therapeutics (UTHR) Operating Margin (2009 - 2026)

United Therapeutics' (UTHR) quarterly Operating Margin came in at 42.23% in Q2 2026, down 341.0% year-over-year from 17.52% in Q2 2025, and up 1.3% quarter-over-quarter from 41.69% in Q1 2026.

Analysis

United Therapeutics (UTHR) Operating Margin (2009 - 2026) Analysis & Trends

United Therapeutics has disclosed Operating Margin across 18 years of filings, most recently posting 42.23% for Q2 2026.

  • In Q2 2026, Operating Margin fell 341.0% year-over-year to 42.23%; the TTM figure through Jun 2026 stood at 44.44% (down 261.0% YoY), while the FY2025 annual figure was 46.89%, down 96.0% from the prior year.
  • Operating Margin came in at 42.23% for Q2 2026 at United Therapeutics, up from 41.69% in the prior quarter.
  • In the past five years, Operating Margin ranged from a high of 62.35% in Q1 2022 to a low of 35.73% in Q4 2022.
  • Average Operating Margin over 5 years is 48.34%, with a median of 47.0% recorded in 2024.
  • Year-over-year, Operating Margin soared 7944 bps in 2022 and plunged 785 bps in 2024.
  • Over 5 years, Operating Margin stood at 35.73% in 2022, then grew by 18 bps to 42.31% in 2023, then increased by 15 bps to 48.61% in 2024, then fell by 7 bps to 45.14% in 2025, then retreated by 6 bps to 42.23% in 2026.
  • Per Business Quant data, the three most recent Operating Margin figures were 42.23% in Q2 2026, 41.69% in Q1 2026, and 45.14% in Q4 2025.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Operating Margin (Qtr)
1 Johnson & Johnson 646.13 Bn 625.38 Bn 17.26 Bn 28.21%
2 AbbVie 442.39 Bn 435.82 Bn 12.70 Bn 37.86%
3 Merck 366.26 Bn 359.12 Bn 12.21 Bn -3.52%
4 Novartis Ag 266.58 Bn 258.89 Bn 11.24 Bn 32.97%
5 Pfizer 159.00 Bn 147.30 Bn 10.94 Bn 28.37%
6 Sanofi 52.39 Bn 45.00 Bn 10.79 Bn 9.03%
7 Revolution Medicines 43.98 Bn 43.98 Bn - -
8 Incyte 25.41 Bn 20.87 Bn 1.57 Bn 41.69%
9 United Therapeutics 21.54 Bn 18.88 Bn 683.80 Mn 42.23%
10 Neurocrine Biosciences 15.59 Bn 15.20 Bn 935.80 Mn 15.80%
Historic Data

Historic Data

Download Data
DateValue
Jun 30, 2026 42.23%
Mar 31, 2026 41.69%
Dec 31, 2025 45.14%
Sep 30, 2025 48.59%
Jun 30, 2025 45.64%
Mar 31, 2025 48.19%
Dec 31, 2024 48.61%
Sep 30, 2024 45.81%
Jun 30, 2024 44.75%
Mar 31, 2024 52.57%
Dec 31, 2023 42.31%
Sep 30, 2023 53.66%
Jun 30, 2023 52.54%
Mar 31, 2023 56.11%
Dec 31, 2022 35.73%
Sep 30, 2022 60.91%
Jun 30, 2022 43.22%
Mar 31, 2022 62.35%
Dec 31, 2021 40.90%
Sep 30, 2021 51.43%