Viemed Healthcare (VMD) Operating Margin (2018 - 2026)
Viemed Healthcare (VMD) reported Operating Margin of 5.7% for Q1 2026, down 80.0% on a YoY basis from 28.48% in Q1 2025, and down 48.16% quarter-over-quarter from 10.99% in Q4 2025.
Viemed Healthcare (VMD) Operating Margin (2018 - 2026) Analysis & Trends
Viemed Healthcare has reported Operating Margin for 9 years, with the latest figure at 5.7% in Q1 2026.
- For the quarter ending Q1 2026, Operating Margin fell 80.0% year-over-year to 5.7%; the trailing twelve-month figure through Mar 2026 stood at 8.17% (down 23.0% YoY), and the FY2025 full-year result was 8.49%, up 51.0% from the prior year.
- Operating Margin for Q1 2026 stood at 5.7%, down from 10.99% in the prior quarter.
- The five-year high for Operating Margin was 10.99% in Q4 2025, with the low at 3.01% in Q2 2022.
- Historically, Operating Margin has averaged 7.32% across 5 years, with a median of 6.97% in 2022.
- Annual changes were most pronounced in 2022 — Operating Margin sank 672 bps — and 2023, when it surged 441 bps.
- Viemed Healthcare's Operating Margin stood at 9.42% in 2022, then advanced by 11 bps to 10.42% in 2023, then advanced by 2 bps to 10.63% in 2024, then advanced by 3 bps to 10.99% in 2025, then tumbled by 48 bps to 5.7% in 2026.
- The last three Operating Margin figures came in at 5.7% (Q1 2026), 10.99% (Q4 2025), and 7.85% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Abbott Laboratories | 154.42 Bn | 147.76 Bn | 6.27 Bn | 12.05% |
| 2 | Stryker | 118.12 Bn | 115.25 Bn | 3.81 Bn | 15.55% |
| 3 | Medtronic | 101.72 Bn | 93.55 Bn | 5.76 Bn | 16.24% |
| 4 | Boston Scientific | 67.19 Bn | 65.98 Bn | 3.61 Bn | 21.16% |
| 5 | Edwards Lifesciences | 50.69 Bn | 47.02 Bn | 1.29 Bn | 28.97% |
| 6 | Koninklijke Philips | 29.38 Bn | 26.07 Bn | 2.07 Bn | 6.17% |
| 7 | Dexcom | 28.09 Bn | 26.97 Bn | 750.30 Mn | 21.42% |
| 8 | GE HealthCare Technologies | 28.08 Bn | 26.02 Bn | 1.98 Bn | 10.04% |
| 9 | Steris | 19.80 Bn | 19.37 Bn | 697.10 Mn | 19.94% |
| 10 | Viemed Healthcare | 410.03 Mn | 402.20 Mn | 42.83 Mn | 5.70% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 5.70% |
| Dec 31, 2025 | 10.99% |
| Sep 30, 2025 | 7.85% |
| Jun 30, 2025 | 8.08% |
| Mar 31, 2025 | 6.50% |
| Dec 31, 2024 | 10.63% |
| Sep 30, 2024 | 9.70% |
| Jun 30, 2024 | 6.58% |
| Mar 31, 2024 | 4.36% |
| Dec 31, 2023 | 10.42% |
| Sep 30, 2023 | 8.51% |
| Jun 30, 2023 | 6.70% |
| Mar 31, 2023 | 4.89% |
| Dec 31, 2022 | 9.42% |
| Sep 30, 2022 | 4.11% |
| Jun 30, 2022 | 3.01% |
| Mar 31, 2022 | 6.97% |
| Dec 31, 2021 | 14.60% |
| Sep 30, 2021 | 9.97% |
| Jun 30, 2021 | 9.72% |