Vericel (VCEL) Gross Margin (2009 - 2026)
Vericel's Gross Margin came in at 72.82% for Q2 2026, down 0.89 percentage points from 73.71% a year earlier but up 0.82 percentage points from the prior quarter.
Powered by 
Analysis
Vericel (VCEL) Gross Margin (2009 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Vericel reported Gross Margin of 74.56%, up 1.09 percentage points year-over-year; for FY2025, it was 74.42%, up 1.87 percentage points from FY2024.
- Gross Margin has increased in each of the last three years, with a five-year change of +6.59 percentage points (FY2020 to FY2025).
- Going back by year, Gross Margin was 72.55% in FY2024 (+3.91 pp), 68.64% in FY2023 (+1.85 pp), 66.80% in FY2022 (-1.09 pp) and 67.88% in FY2021 (+0.06 pp).
- The five-year range for quarterly Gross Margin is 61.69% (Q2 2022) to 78.70% (Q4 2025).
- Year-over-year, Gross Margin increased in seven of the last eight quarters, with an average year-over-year change of +2.09 percentage points.
- The fastest year-over-year change in Gross Margin over five years came in Q3 2024 (a gain of 4.78 percentage points), and the weakest in Q2 2022 (a drop of 6.40 percentage points).
- Business Quant data shows VCEL's Gross Margin at 72.00% (Q1 2026), 78.70% (Q4 2025) and 73.46% (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Eli Lilly | 1,348.13 Bn | 1,321.74 Bn | 20.46 Bn | 83.88% |
| 2 | Johnson & Johnson | 675.90 Bn | 595.76 Bn | 17.30 Bn | 68.12% |
| 3 | AbbVie | 519.45 Bn | 487.50 Bn | 13.12 Bn | 75.38% |
| 4 | Merck | 364.95 Bn | 327.95 Bn | 13.19 Bn | 72.95% |
| 5 | Novartis Ag | 311.58 Bn | 285.16 Bn | - | - |
| 6 | Astrazeneca | 289.34 Bn | 262.94 Bn | 13.26 Bn | 88.03% |
| 7 | Amgen | 251.64 Bn | 203.30 Bn | 7.58 Bn | 73.10% |
| 8 | Gilead Sciences | 212.05 Bn | 187.07 Bn | 6.73 Bn | 81.07% |
| 9 | Pfizer | 167.35 Bn | 115.00 Bn | 12.56 Bn | 75.71% |
| 10 | Vericel | 3.01 Bn | 2.40 Bn | 62.61 Mn | 73.34% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 73.34% |
| Jun 30, 2026 | 72.82% |
| 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 | 65.45% |
| Jun 30, 2022 | 61.69% |
| Mar 31, 2022 | 65.01% |
| Dec 31, 2021 | 71.51% |
API Access
Vericel Gross 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=gross-margin&ticker=VCEL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "ticker": "VCEL", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=gross-margin&ticker=VCEL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();