United Therapeutics (UTHR) Operating Margin (2009 - 2026)
United Therapeutics (UTHR) recorded Operating Margin of 42.23% in Q2 2026, down 3.41 percentage points from 45.64% a year earlier but up 0.54 percentage points from the prior quarter.
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Analysis
United Therapeutics (UTHR) Operating Margin (2009 - 2026) Analysis & Trends
On a TTM basis, United Therapeutics' Operating Margin came in at 44.44% as of Jun 30, 2026, down 2.61 percentage points year-over-year; for FY2025, it was 46.89%, down 0.96 percentage points from FY2024.
- Annual Operating Margin has a five-year change of +6.88 percentage points (FY2020 to FY2025).
- Across earlier years, Operating Margin came in at 47.86% in FY2024 (-3.05 pp), 50.91% in FY2023 (+0.31 pp), 50.60% in FY2022 (+17.62 pp) and 32.98% in FY2021 (-7.04 pp).
- Quarterly Operating Margin has ranged from 35.73% in Q4 2022 to 62.35% in Q1 2022 over the past five years.
- On a year-over-year basis, Operating Margin has declined for three consecutive quarters, with an average year-over-year change of -1.96 percentage points over the last eight quarters.
- Peak year-over-year performance for Operating Margin in the last five years was a gain of 79.44 percentage points in Q1 2022, against a drop of 7.85 percentage points in Q3 2024 at the low end.
- Per Business Quant, the preceding three quarters came in at 41.69% (Q1 2026), 45.14% (Q4 2025) and 48.59% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Johnson & Johnson | 645.01 Bn | 563.54 Bn | 17.26 Bn | 28.21% |
| 2 | AbbVie | 465.23 Bn | 438.39 Bn | 12.70 Bn | 37.86% |
| 3 | Merck | 368.40 Bn | 322.83 Bn | 12.21 Bn | -3.52% |
| 4 | Novartis Ag | 278.02 Bn | 233.89 Bn | 11.24 Bn | 32.97% |
| 5 | Astrazeneca | 254.57 Bn | 228.13 Bn | 12.86 Bn | 20.57% |
| 6 | Amgen | 229.02 Bn | 184.42 Bn | 7.24 Bn | 34.95% |
| 7 | Gilead Sciences | 187.74 Bn | 161.85 Bn | 6.22 Bn | -133.21% |
| 8 | Pfizer | 163.75 Bn | 110.70 Bn | 10.94 Bn | 28.37% |
| 9 | Vertex Pharmaceuticals | 133.45 Bn | 105.45 Bn | 2.84 Bn | 37.40% |
| 10 | United Therapeutics | 20.55 Bn | 10.04 Bn | 683.80 Mn | 42.23% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| 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% |
API Access
United Therapeutics Operating Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-margin&ticker=UTHR&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-margin", "ticker": "UTHR", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-margin&ticker=UTHR&period=max&api_key=YOUR_API_KEY");
const data = await res.json();