Exagen (XGN) Operating Margin (2018 - 2026)
Exagen (XGN) reported Operating Margin of 19.73% for Q1 2026, up 199.0% on a YoY basis from 6.6% in Q1 2025, and up 34.05% quarter-over-quarter from 29.91% in Q4 2025.
Exagen (XGN) Operating Margin (2018 - 2026) Analysis & Trends
Exagen has reported Operating Margin for 9 years, with the latest figure at 19.73% in Q1 2026.
- For the quarter ending Q1 2026, Operating Margin rose 199.0% year-over-year to 19.73%; the trailing twelve-month figure through Mar 2026 stood at 20.65% (up 403.0% YoY), and the FY2025 full-year result was 21.13%, up 337.0% from the prior year.
- Operating Margin for Q1 2026 stood at 19.73%, up from 29.91% in the prior quarter.
- The five-year high for Operating Margin was 15.29% in Q2 2025, with the low at 184.91% in Q2 2022.
- Historically, Operating Margin has averaged 48.66% across 5 years, with a median of 34.77% in 2023.
- Annual changes were most pronounced in 2022 — Operating Margin plunged 13995 bps — and 2023, when it soared 15014 bps.
- Exagen's Operating Margin stood at 112.88% in 2022, then surged by 67 bps to 37.39% in 2023, then jumped by 34 bps to 24.77% in 2024, then retreated by 21 bps to 29.91% in 2025, then jumped by 34 bps to 19.73% in 2026.
- The last three Operating Margin figures came in at 19.73% (Q1 2026), 29.91% (Q4 2025), and 17.98% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Waters | 29,902.70 Bn | 29,902.24 Bn | 1.11 Bn | -3.71% |
| 2 | Thermo Fisher Scientific | 175.99 Bn | 172.74 Bn | 7.74 Bn | 16.93% |
| 3 | Danaher | 129.87 Bn | 124.18 Bn | 3.59 Bn | 22.58% |
| 4 | Idexx Laboratories | 44.75 Bn | 44.55 Bn | 722.74 Mn | 31.78% |
| 5 | Agilent Technologies | 37.52 Bn | 35.72 Bn | 990.00 Mn | 21.74% |
| 6 | Iqvia Holdings | 30.91 Bn | 28.94 Bn | 1.36 Bn | 12.38% |
| 7 | Natera | 30.21 Bn | 29.11 Bn | 696.04 Mn | -13.42% |
| 8 | Illumina | 24.19 Bn | 23.04 Bn | 721.00 Mn | 19.16% |
| 9 | Mettler Toledo International | 23.12 Bn | 23.06 Bn | 555.82 Mn | 25.23% |
| 10 | Exagen | 101.38 Mn | 79.87 Mn | 10.21 Mn | -19.73% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -19.73% |
| Dec 31, 2025 | -29.91% |
| Sep 30, 2025 | -17.98% |
| Jun 30, 2025 | -15.29% |
| Mar 31, 2025 | -21.71% |
| Dec 31, 2024 | -24.77% |
| Sep 30, 2024 | -37.28% |
| Jun 30, 2024 | -17.17% |
| Mar 31, 2024 | -20.83% |
| Dec 31, 2023 | -37.39% |
| Sep 30, 2023 | -37.78% |
| Jun 30, 2023 | -34.77% |
| Mar 31, 2023 | -68.62% |
| Dec 31, 2022 | -112.88% |
| Sep 30, 2022 | -53.08% |
| Jun 30, 2022 | -184.91% |
| Mar 31, 2022 | -93.12% |
| Dec 31, 2021 | -49.29% |
| Sep 30, 2021 | -53.09% |
| Jun 30, 2021 | -44.96% |