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Guardant Health GH Gross margin

Gross margin at other companies

Illumina logo
IlluminaILMN
66.2%-0.1pp
Quest Diagnostics logo
Quest DiagnosticsDGX
33.2%+0.4pp
Agilent Technologies logo
Agilent TechnologiesA
52.7%-0.6pp
Labcorp Holdings logo
Labcorp HoldingsLH
28.8%+0.9pp
Abbott logo
AbbottABT
56.3%+0.4pp
Fortive logo
FortiveFTV
57.3%-0.7pp

Other financials

Income statement

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Revenue$301.7M+48.3%
Gross profit$196.7M+52.8%
Operating income-$121.4M-9.3%
Net income-$112.1M-17.8%
EPS (diluted)-$0.85-10.4%

Balance sheet

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Cash & equivalents$1.1B+37.0%
Total debt$1.7B+30.5%
Total equity-$181.1M+27.8%
Total assets$1.9B+42.5%

Cash flow

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Operating cash flow-$65.6M-4.7%
CapEx$5.6M+25.1%
Free cash flow-$71.2M-6.0%

Valuation

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Market cap$17.12B+130%
Enterprise value$17.72B+121%
P/S15.9×+6.3×

Profitability

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Operating margin-41.4%-9.4pp
Net margin-40.1%-8.1pp

Returns & leverage

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Return on equity-438.1%-1,655pp
Debt / equity
Current ratio4.7×+0.6×

Where this comes from

Calculated from Guardant Health’s reported figures.

Based on trailing twelve months.

The official record: Guardant Health’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Guardant Health's gross margin?
Guardant Health (GH) reported gross margin of 64.9% in Q1 2026.
How has Guardant Health's gross margin changed year-over-year?
Guardant Health's gross margin increased by 5.8% year-over-year, from 61.3% to 64.9%.
What does gross margin mean?
How much of every sales dollar is left after the direct cost of what was sold.
How do you interpret gross margin?
Higher and stable gross margins indicate pricing power and a durable cost structure. A declining trend signals input-cost pressure, pricing competition, or a shift toward lower-margin products.
How does gross margin compare across companies?
Highly comparable within an industry, less so across industries — software runs 70%+ while distributors run in single digits. Track the trend more than the absolute level across sectors.