Exagen (XGN) Asset Utilization Ratio (2019 - 2026)
Exagen's Asset Utilization Ratio was 1.37 in Q2 2026, up 15.2% from 1.19 a year earlier and up 10.1% from the prior quarter.
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Analysis
Exagen (XGN) Asset Utilization Ratio (2019 - 2026) Analysis & Trends
For FY2025, Asset Utilization Ratio at Exagen came in at 1.30, up 18.4% from FY2024.
- Asset Utilization Ratio has now increased for three consecutive years.
- In earlier years, Asset Utilization Ratio was 1.09 in FY2024 (+49.2%), 0.73 in FY2023 (+68.9%), 0.43 in FY2022 (-9.2%) and 0.48 in FY2021 (-5.0%).
- The Q2 2026 figure marks the highest quarterly Asset Utilization Ratio in data going back to Q4 2019.
- Compared with a year earlier, Asset Utilization Ratio was higher in five of the last eight quarters, with growth averaging 13.0%.
- The best year-over-year quarter for Asset Utilization Ratio over five years was Q2 2023 (growth of 96.7%); the worst was Q4 2021 (a decline of 27.5%).
- Per Business Quant data, XGN's Asset Utilization Ratio in the three quarters before Q2 2026 was 1.24 (Q1 2026), 1.10 (Q4 2025) and 1.05 (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Asset Util. (Qtr) |
|---|---|---|---|---|---|
| 1 | HCA Healthcare | 94.08 Bn | 93.52 Bn | - | 1.25 |
| 2 | Natera | 59.53 Bn | 55.21 Bn | 485.19 Mn | 1.03 |
| 3 | Quest Diagnostics | 25.60 Bn | 24.03 Bn | 1.03 Bn | 0.69 |
| 4 | Labcorp Holdings | 24.98 Bn | 22.75 Bn | 1.11 Bn | 0.76 |
| 5 | Guardant Health | 23.75 Bn | 19.81 Bn | 219.03 Mn | 0.62 |
| 6 | Tenet Healthcare | 20.75 Bn | 11.90 Bn | - | 0.70 |
| 7 | Tempus AI | 14.47 Bn | 11.50 Bn | 246.50 Mn | 0.64 |
| 8 | Encompass Health | 12.19 Bn | 12.65 Bn | - | 0.84 |
| 9 | Davita | 11.20 Bn | 9.97 Bn | 1.16 Bn | 0.80 |
| 10 | Exagen | 200.80 Mn | 86.77 Mn | 12.22 Mn | 1.37 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 1.37 |
| Mar 31, 2026 | 1.24 |
| Dec 31, 2025 | 1.10 |
| Sep 30, 2025 | 1.05 |
| Jun 30, 2025 | 1.19 |
| Mar 31, 2025 | 1.33 |
| Dec 31, 2024 | 1.26 |
| Sep 30, 2024 | 1.20 |
| Jun 30, 2024 | 1.13 |
| Mar 31, 2024 | 1.03 |
| Dec 31, 2023 | 0.89 |
| Sep 30, 2023 | 0.83 |
| Jun 30, 2023 | 0.74 |
| Mar 31, 2023 | 0.56 |
| Dec 31, 2022 | 0.49 |
| Sep 30, 2022 | 0.44 |
| Jun 30, 2022 | 0.38 |
| Mar 31, 2022 | 0.39 |
| Dec 31, 2021 | 0.38 |
| Sep 30, 2021 | 0.37 |
API Access
Exagen Asset Utilization Ratio 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=asset-utilization-ratio&ticker=XGN&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "asset-utilization-ratio", "ticker": "XGN", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=asset-utilization-ratio&ticker=XGN&period=max&api_key=YOUR_API_KEY");
const data = await res.json();