Vericel (VCEL) Operating Margin (2009 - 2026)
Vericel's Operating Margin came in at 0.56% for Q2 2026, up 3.77 percentage points from -3.21% a year earlier and up 12.35 percentage points from the prior quarter.
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Analysis
Vericel (VCEL) Operating Margin (2009 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Vericel reported Operating Margin of 5.95%, up 5.47 percentage points year-over-year; for FY2025, it came in at 4.00%, up 2.09 percentage points from FY2024.
- Operating Margin has increased in each of the last three years, with a five-year change of +2.09 percentage points (FY2020 to FY2025).
- Going back by year, Operating Margin was 1.90% in FY2024 (+5.18 pp), -3.27% in FY2023 (+7.11 pp), -10.38% in FY2022 (-5.35 pp) and -5.03% in FY2021 (-6.94 pp).
- The five-year range for quarterly Operating Margin is -24.52% (Q2 2022) to 24.52% (Q4 2024).
- Year-over-year, Operating Margin increased in six of the last eight quarters, with an average year-over-year change of +3.95 percentage points.
- The fastest year-over-year change in Operating Margin over five years came in Q1 2026 (a gain of 12.54 percentage points), and the weakest in Q3 2021 (a drop of 25.28 percentage points).
- Business Quant data shows VCEL's Operating Margin at -11.79% (Q1 2026), 24.12% (Q4 2025) and 5.11% (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Eli Lilly | 1,348.13 Bn | 1,321.74 Bn | 20.46 Bn | 34.46% |
| 2 | Johnson & Johnson | 675.90 Bn | 595.76 Bn | 17.30 Bn | 24.35% |
| 3 | AbbVie | 519.45 Bn | 487.50 Bn | 13.12 Bn | 36.01% |
| 4 | Merck | 364.95 Bn | 327.95 Bn | 13.19 Bn | 30.74% |
| 5 | Novartis Ag | 311.58 Bn | 285.16 Bn | - | - |
| 6 | Astrazeneca | 289.34 Bn | 262.94 Bn | 13.26 Bn | 29.12% |
| 7 | Amgen | 251.64 Bn | 203.30 Bn | 7.58 Bn | 35.79% |
| 8 | Gilead Sciences | 212.05 Bn | 187.07 Bn | 6.73 Bn | 41.71% |
| 9 | Pfizer | 167.35 Bn | 115.00 Bn | 12.56 Bn | 32.98% |
| 10 | Vericel | 3.01 Bn | 2.40 Bn | 62.61 Mn | 14.27% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 14.27% |
| Jun 30, 2026 | 0.56% |
| Mar 31, 2026 | -11.79% |
| Dec 31, 2025 | 24.12% |
| Sep 30, 2025 | 5.11% |
| Jun 30, 2025 | -3.21% |
| Mar 31, 2025 | -24.32% |
| Dec 31, 2024 | 24.52% |
| Sep 30, 2024 | -4.26% |
| Jun 30, 2024 | -11.45% |
| Mar 31, 2024 | -10.66% |
| Dec 31, 2023 | 19.59% |
| Sep 30, 2023 | -11.09% |
| Jun 30, 2023 | -12.98% |
| Mar 31, 2023 | -19.94% |
| Dec 31, 2022 | 11.55% |
| Sep 30, 2022 | -17.61% |
| Jun 30, 2022 | -24.52% |
| Mar 31, 2022 | -20.16% |
| Dec 31, 2021 | 8.70% |
API Access
Vericel 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=VCEL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-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=operating-margin&ticker=VCEL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();