Utah Medical Products (UTMD) Operating Margin (2010 - 2026)
Utah Medical Products' Operating Margin was 31.06% in Q2 2026, down 1.05 percentage points from 32.11% a year earlier but up 1.65 percentage points from the prior quarter.
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Analysis
Utah Medical Products (UTMD) Operating Margin (2010 - 2026) Analysis & Trends
On a trailing twelve-month basis, Utah Medical Products' Operating Margin was 28.43% through Jun 30, 2026, down 4.08 percentage points year-over-year; for FY2025, it was 29.60%, down 3.63 percentage points from FY2024.
- Operating Margin has now declined for four consecutive years, with a five-year change of -2.90 percentage points (FY2020 to FY2025).
- In earlier years, Operating Margin was 33.23% in FY2024 (-0.17 pp), 33.40% in FY2023 (-4.45 pp), 37.85% in FY2022 (-0.64 pp) and 38.49% in FY2021 (+5.99 pp).
- Quarterly Operating Margin has moved between 26.61% (Q3 2025) and 40.55% (Q3 2021) over five years.
- Compared with a year earlier, Operating Margin has declined for six straight quarters, with an average year-over-year change of -2.12 percentage points over the last eight quarters.
- The best year-over-year quarter for Operating Margin over five years was Q3 2021 (a gain of 6.32 percentage points); the worst was Q3 2023 (a drop of 7.94 percentage points).
- Per Business Quant data, UTMD's Operating Margin in the three quarters before Q2 2026 was 29.41% (Q1 2026), 26.99% (Q4 2025) and 26.61% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Thermo Fisher Scientific | 251.30 Bn | 230.45 Bn | 4.88 Bn | 17.40% |
| 2 | Abbott Laboratories | 174.70 Bn | 145.78 Bn | 7.27 Bn | 13.44% |
| 3 | Danaher | 158.94 Bn | 142.76 Bn | 3.61 Bn | 17.99% |
| 4 | Intuitive Surgical | 145.87 Bn | 125.42 Bn | 1.96 Bn | 33.60% |
| 5 | Medtronic | 111.49 Bn | 77.36 Bn | 6.34 Bn | 18.08% |
| 6 | Stryker | 106.96 Bn | 93.08 Bn | 4.50 Bn | 25.18% |
| 7 | Boston Scientific | 63.62 Bn | 58.63 Bn | 3.85 Bn | 21.65% |
| 8 | Edwards Lifesciences | 50.80 Bn | 34.92 Bn | 1.35 Bn | 29.48% |
| 9 | Becton Dickinson | 49.59 Bn | 46.74 Bn | 2.32 Bn | 13.31% |
| 10 | Utah Medical Products | 238.57 Mn | -106.39 Mn | 4.76 Mn | 31.06% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 31.06% |
| Mar 31, 2026 | 29.41% |
| Dec 31, 2025 | 26.99% |
| Sep 30, 2025 | 26.61% |
| Jun 30, 2025 | 32.11% |
| Mar 31, 2025 | 32.47% |
| Dec 31, 2024 | 32.00% |
| Sep 30, 2024 | 33.41% |
| Jun 30, 2024 | 33.06% |
| Mar 31, 2024 | 34.24% |
| Dec 31, 2023 | 31.98% |
| Sep 30, 2023 | 31.74% |
| Jun 30, 2023 | 34.39% |
| Mar 31, 2023 | 35.46% |
| Dec 31, 2022 | 37.35% |
| Sep 30, 2022 | 39.68% |
| Jun 30, 2022 | 37.66% |
| Mar 31, 2022 | 36.70% |
| Dec 31, 2021 | 39.72% |
| Sep 30, 2021 | 40.55% |
API Access
Utah Medical Products 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=UTMD&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-margin", "ticker": "UTMD", "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=UTMD&period=max&api_key=YOUR_API_KEY");
const data = await res.json();