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

United Therapeutics (UTHR) reported Operating Margin of 41.69% for Q1 2026, down 650.0% on a YoY basis from 7.58% in Q1 2025, and down 7.65% sequentially from 45.14% in Q4 2025.

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

United Therapeutics (UTHR) has 18 years of Operating Margin data on file, last reported at 41.69% in Q1 2026.

  • For the quarter ending Q1 2026, Operating Margin fell 650.0% year-over-year to 41.69%; the trailing twelve-month figure through Mar 2026 stood at 45.29% (down 159.0% YoY), and the FY2025 full-year result was 46.89%, down 96.0% from the prior year.
  • Operating Margin retreated to 41.69% in Q1 2026, from 45.14% 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.
  • A 5-year average of 48.7% and a median of 48.19% in 2025 frame the typical range for Operating Margin.
  • Across the five-year window, Operating Margin surged 7944 bps in 2022 and tumbled 785 bps in 2024, its largest moves.
  • Tracing UTHR's Operating Margin over 5 years: stood at 35.73% in 2022, then climbed by 18 bps to 42.31% in 2023, then grew by 15 bps to 48.61% in 2024, then declined by 7 bps to 45.14% in 2025, then retreated by 8 bps to 41.69% in 2026.
  • Business Quant data shows UTHR's Operating Margin at 41.69% in Q1 2026, 45.14% in Q4 2025, and 48.59% in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Operating Margin (Qtr)
1 Haleon 87.22 Bn 85.35 Bn - -
2 Teva Pharmaceutical Industries 39.60 Bn 35.87 Bn 1.97 Bn 16.37%
3 Zoetis 31.46 Bn 29.52 Bn 1.62 Bn 36.83%
4 Takeda Pharmaceutical 26.49 Bn 22.44 Bn 4.39 Bn -38.02%
5 United Therapeutics 23.03 Bn 20.88 Bn 648.10 Mn 41.69%
6 Universe Pharmaceuticals 23.03 Bn -10.56 Bn - -
7 Viatris 20.90 Bn 19.09 Bn 1.16 Bn -2.27%
8 Neurocrine Biosciences 17.50 Bn 16.19 Bn 800.70 Mn 23.74%
9 Elanco Animal Health 12.33 Bn 11.91 Bn 785.00 Mn 21.23%
10 Vireo Growth 10.57 Bn 10.41 Bn 59.30 Mn 8.47%

Historic Data

Download Data
DateValue
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%
Jun 30, 2021 49.76%