Exagen (XGN) FCF Margin (2018 - 2026)

Exagen (XGN) reported FCF Margin of 61.51% for Q1 2026, up 807.0% on a YoY basis from 6.78% in Q1 2025, and down 181.27% quarter-over-quarter from 21.87% in Q4 2025.

Exagen (XGN) FCF Margin (2018 - 2026) Analysis & Trends

Exagen has reported FCF Margin for 9 years, with the latest figure at 61.51% in Q1 2026.

  • For the quarter ending Q1 2026, FCF Margin rose 807.0% year-over-year to 61.51%; the trailing twelve-month figure through Mar 2026 stood at 20.66% (up 658.0% YoY), and the FY2025 full-year result was 21.43%, up 336.0% from the prior year.
  • FCF Margin for Q1 2026 stood at 61.51%, down from 21.87% in the prior quarter.
  • The five-year high for FCF Margin was 65.42% in Q4 2023, with the low at 172.23% in Q2 2022.
  • Historically, FCF Margin has averaged 43.21% across 5 years, with a median of 47.83% in 2022.
  • Annual changes were most pronounced in 2022 — FCF Margin tumbled 13702 bps — and 2023, when it surged 11325 bps.
  • Exagen's FCF Margin stood at 47.83% in 2022, then surged by 237 bps to 65.42% in 2023, then tumbled by 98 bps to 1.59% in 2024, then plunged by 1476 bps to 21.87% in 2025, then slumped by 181 bps to 61.51% in 2026.
  • The last three FCF Margin figures came in at 61.51% (Q1 2026), 21.87% (Q4 2025), and 18.84% (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) FCF Margin (Qtr)
1 Waters 29,902.70 Bn 29,902.24 Bn 1.11 Bn -3.31%
2 Thermo Fisher Scientific 175.99 Bn 172.74 Bn 7.74 Bn 7.41%
3 Danaher 129.87 Bn 124.18 Bn 3.59 Bn 18.23%
4 Idexx Laboratories 44.75 Bn 44.55 Bn 722.74 Mn 22.61%
5 Agilent Technologies 37.52 Bn 35.72 Bn 990.00 Mn 10.95%
6 Iqvia Holdings 30.91 Bn 28.94 Bn 1.36 Bn 11.83%
7 Natera 30.21 Bn 29.11 Bn 696.04 Mn 2.59%
8 Illumina 24.19 Bn 23.04 Bn 721.00 Mn 23.01%
9 Mettler Toledo International 23.12 Bn 23.06 Bn 555.82 Mn 12.92%
10 Exagen 101.38 Mn 79.87 Mn 10.21 Mn -61.51%

Historic Data

Download Data
DateValue
Mar 31, 2026 -61.51%
Dec 31, 2025 -21.87%
Sep 30, 2025 18.84%
Jun 30, 2025 -17.99%
Mar 31, 2025 -69.58%
Dec 31, 2024 1.59%
Sep 30, 2024 -18.57%
Jun 30, 2024 -17.01%
Mar 31, 2024 -63.31%
Dec 31, 2023 65.42%
Sep 30, 2023 -21.69%
Jun 30, 2023 -74.12%
Mar 31, 2023 -90.34%
Dec 31, 2022 -47.83%
Sep 30, 2022 -51.34%
Jun 30, 2022 -172.23%
Mar 31, 2022 -92.95%
Dec 31, 2021 -51.99%
Sep 30, 2021 -44.93%
Jun 30, 2021 -35.21%