Exagen (XGN) Operating Margin (2018 - 2026)
Exagen (XGN) posted Operating Margin of 19.73% for Q1 2026, up 34.05% quarter-over-quarter from 29.91% in Q4 2025, and up 199.0% year-on-year from 6.6% in Q1 2025.
Exagen (XGN) Operating Margin (2018 - 2026) Analysis & Trends
Exagen (XGN) has reported Operating Margin for 9 consecutive years, with 19.73% the latest figure, recorded in Q1 2026.
- Operating Margin for Q1 2026 came in at 19.73%, up 199.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 20.65% (up 403.0% YoY), and the FY2025 annual result was 21.13%, up 337.0% from the prior year.
- Operating Margin was 19.73% for Q1 2026 at Exagen, up from 29.91% in the prior quarter.
- Over five years, Operating Margin peaked at 15.29% in Q2 2025 and troughed at 184.91% in Q2 2022.
- Average Operating Margin over 5 years is 48.66%, with a median of 34.77% recorded in 2023.
- Year-over-year, Operating Margin slumped 13995 bps in 2022 and surged 15014 bps in 2023.
- Over 5 years, 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 dropped by 21 bps to 29.91% in 2025, then jumped by 34 bps to 19.73% in 2026.
- Per Business Quant data, the three most recent Operating Margin figures were 19.73% in Q1 2026, 29.91% in Q4 2025, and 17.98% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Waters | 31,055.11 Bn | 31,054.65 Bn | 1.11 Bn | -3.71% |
| 2 | Thermo Fisher Scientific | 191.02 Bn | 187.77 Bn | 7.74 Bn | 16.93% |
| 3 | Danaher | 137.16 Bn | 131.47 Bn | 3.59 Bn | 22.58% |
| 4 | Idexx Laboratories | 42.82 Bn | 42.62 Bn | 722.74 Mn | 31.78% |
| 5 | Natera | 39.09 Bn | 37.99 Bn | 696.04 Mn | -13.42% |
| 6 | Agilent Technologies | 37.61 Bn | 35.81 Bn | 990.00 Mn | 21.74% |
| 7 | Iqvia Holdings | 34.23 Bn | 32.25 Bn | 1.36 Bn | 12.38% |
| 8 | Illumina | 28.14 Bn | 26.98 Bn | 721.00 Mn | 19.16% |
| 9 | Mettler Toledo International | 26.40 Bn | 26.33 Bn | 555.82 Mn | 25.23% |
| 10 | Exagen | 112.36 Mn | 90.84 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% |