Skip to content
Q1 '26Q4 '25Q3 '25Q2 '25Q1 '25
Profitability
Gross margin75.9%+0.6pp75.3%+0.6pp74.8%+0.7pp74%-0.4pp74.4%+0.6pp
Operating margin-60.5%+0.1pp-60.5%-2.5pp-58%+6.5pp-64.5%+11.4pp-76%+12.8pp
Net margin-57.8%+0.9pp-58.7%-1.2pp-57.5%+7.9pp-65.4%+10.6pp-76%+13.2pp
EBITDA margin-59.9%+0.1pp-60%-2.5pp-57.5%+6.6pp-64.1%
Free cash flow margin-61.1%-2.4pp-58.6%+5.0pp-63.7%+8.2pp-71.9%
Efficiency
Inventory turnover10.3×+1.5×8.8×-1.7×10.5×
Liquidity
Current ratio11.9×+3.0×8.9×-3.2×12×+7.2×4.9×
Quick ratio11.7×+2.9×8.7×-3.2×11.9×+7.1×4.8×
Cash ratio7.5×+1.5×-4.5×10.6×+7.0×3.5×
Leverage
Debt-to-equity0.2×0.0×0.2×0.0×0.2×
Debt-to-assets0.1×0.0×0.1×0.0×0.1×-0.2×0.3×
Interest coverage-24.7×-3.3×-21.4×-3.8×-17.6×-1.1×-16.5×+0.3×-16.8×+1.5×
Per Share
Book value per share$3.44-50.6%$6.95+37.4%$5.06+128%-$18.10-1.6%-$17.82-2.6%
Valuation
Market capitalization$305.56M-20.3%$328.42M-7.7%$355.92M
Enterprise value$249.8M$260.04M+0.7%$258.16M
Price / sales5.4×6.5×-1.5×
Price / book3.3×3.3×0.0×3.3×
EV / sales4.4×5.1×-0.6×5.8×
Free cash flow yield-11.3%-9%-1.0pp-8%
Earnings yield-10.7%-9%-1.8pp-7.2%

Chart any of these lines over time, or line them up against competitors.

Compare these in charts →

Questions, answered.

What are Carlsmed, Inc. Common Stock's profit margins?
Carlsmed, Inc. Common Stock (CARL) runs a 75.9% gross margin and a -60.5% operating margin, with a -57.8% net margin.
Where do Carlsmed, Inc. Common Stock's ratios come from?
Every ratio is computed from Carlsmed, Inc. Common Stock's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.