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Asset Utilization RatioAssets AverageEBIT MarginEBITDA MarginEBT MarginEnterprise ValueEquity AverageEquity RatioFCF MarginGross MarginInterest Coverage RatioInventory AverageInvested CapitalNet MarginOperating MarginReturn on AssetsReturn on Capital EmployedReturn on EquityReturn on Invested CapitalReturn on SalesTimes Interest Earned

Vericel (VCEL) Operating Margin (2016 - 2025)

Vericel's Operating Margin history spans 16 years, with the latest figure at 24.12% for Q4 2025.

  • For Q4 2025, Operating Margin fell 39.0% year-over-year to 24.12%; the TTM value through Dec 2025 reached 4.0%, up 209.0%, while the annual FY2025 figure was 4.0%, 209.0% up from the prior year.
  • Operating Margin for Q4 2025 was 24.12% at Vericel, up from 5.11% in the prior quarter.
  • Across five years, Operating Margin topped out at 24.52% in Q4 2024 and bottomed at 24.52% in Q2 2022.
  • The 5-year median for Operating Margin is 10.11% (2021), against an average of 5.02%.
  • The largest YoY upside for Operating Margin was 3232bps in 2021 against a maximum downside of -2562bps in 2021.
  • A 5-year view of Operating Margin shows it stood at 8.7% in 2021, then surged by 33bps to 11.6% in 2022, then soared by 69bps to 19.59% in 2023, then rose by 25bps to 24.52% in 2024, then decreased by -2bps to 24.12% in 2025.
  • Per Business Quant, the three most recent readings for VCEL's Operating Margin are 24.12% (Q4 2025), 5.11% (Q3 2025), and 3.21% (Q2 2025).