Vericel (VCEL) Gross Margin (2011 - 2026)
Vericel (VCEL) reported Gross Margin of 72.0% for Q1 2026, up 304.0% on a YoY basis from 17.82% in Q1 2025, and down 8.52% sequentially from 78.7% in Q4 2025.
Vericel (VCEL) Gross Margin (2011 - 2026) Analysis & Trends
Vericel (VCEL) has 16 years of Gross Margin data on file, last reported at 72.0% in Q1 2026.
- For the quarter ending Q1 2026, Gross Margin rose 304.0% year-over-year to 72.0%; the trailing twelve-month figure through Mar 2026 stood at 74.84% (up 230.0% YoY), and the FY2025 full-year result was 74.42%, up 187.0% from the prior year.
- Gross Margin eased to 72.0% in Q1 2026, from 78.7% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 78.7% in Q4 2025 to a low of 62.06% in Q2 2022.
- A 5-year average of 70.14% and a median of 69.5% in 2024 frame the typical range for Gross Margin.
- Across the five-year window, Gross Margin sank 603 bps in 2022 and soared 478 bps in 2024, its largest moves.
- Tracing VCEL's Gross Margin over 5 years: stood at 72.59% in 2022, then increased by 3 bps to 74.63% in 2023, then increased by 4 bps to 77.61% in 2024, then gained by 1 bps to 78.7% in 2025, then declined by 9 bps to 72.0% in 2026.
- Business Quant data shows VCEL's Gross Margin at 72.0% in Q1 2026, 78.7% in Q4 2025, and 73.46% in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Oculis Holding AG | 68,785.72 Bn | 68,785.72 Bn | - | - |
| 2 | Nanobiotix | 1,895.57 Bn | 1,895.51 Bn | - | - |
| 3 | BeOne Medicines | 471.35 Bn | 466.56 Bn | 1.35 Bn | 88.95% |
| 4 | NuCana | 279.75 Bn | 279.75 Bn | - | - |
| 5 | Vertex Pharmaceuticals | 120.24 Bn | 113.00 Bn | 2.59 Bn | 86.85% |
| 6 | Regeneron Pharmaceuticals | 67.80 Bn | 59.04 Bn | 3.31 Bn | 91.79% |
| 7 | Belite Bio | 62.51 Bn | 62.51 Bn | - | - |
| 8 | Argenx Se | 57.38 Bn | 57.38 Bn | 1.41 Bn | 90.68% |
| 9 | Revolution Medicines | 37.78 Bn | 37.78 Bn | - | - |
| 10 | Vericel | 2.30 Bn | 2.15 Bn | 49.27 Mn | 72.00% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 72.00% |
| Dec 31, 2025 | 78.70% |
| Sep 30, 2025 | 73.46% |
| Jun 30, 2025 | 73.71% |
| Mar 31, 2025 | 68.96% |
| Dec 31, 2024 | 77.61% |
| Sep 30, 2024 | 71.93% |
| Jun 30, 2024 | 69.50% |
| Mar 31, 2024 | 68.94% |
| Dec 31, 2023 | 74.63% |
| Sep 30, 2023 | 67.15% |
| Jun 30, 2023 | 65.20% |
| Mar 31, 2023 | 64.66% |
| Dec 31, 2022 | 72.59% |
| Sep 30, 2022 | 65.84% |
| Jun 30, 2022 | 62.06% |
| Mar 31, 2022 | 65.41% |
| Dec 31, 2021 | 71.51% |
| Sep 30, 2021 | 65.54% |
| Jun 30, 2021 | 68.09% |