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Mannkind MNKD Operating margin

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Other financials

Income statement

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Revenue$90.2M+15.1%
Gross profit$82.7M+10.8%
Operating income-$1.7M-107%
Net income-$16.6M-226%
EPS (diluted)-$0.05-225%

Balance sheet

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Cash & equivalents$52.8M+11.7%
Total debt$12.2M-9.4%
Total equity-$59.2M-1.0%
Total assets$744.4M+81.5%

Cash flow

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Operating cash flow-$5.4M+15.9%
CapEx$1.9M+470%
Free cash flow-$7.2M-8.0%

Valuation

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Market cap$1.19B+3.5%
Enterprise value$1.15B+3.0%
P/E228.5×
P/S3.3×-0.6×

Profitability

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Gross margin91.5%-2.6pp
Net margin9.3%
FCF margin13.8%

Returns & leverage

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Return on equity-8.8%
Debt / equity-0.2×
Current ratio1.9×-0.5×

Where this comes from

Calculated from Mannkind’s reported figures.

Based on trailing twelve months.

The official record: Mannkind’s 10-Q, filed November 5, 2025, on SEC EDGAR. View the filing →

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Questions, answered.

What is Mannkind's operating margin?
Mannkind (MNKD) reported operating margin of 23.3% in Q3 2025.
How has Mannkind's operating margin changed year-over-year?
Mannkind's operating margin increased by 15.2% year-over-year, from 20.2% to 23.3%.
What is the long-term trend for Mannkind's operating margin?
Over 4 years (2020 to 2024), Mannkind's operating margin has grown at a -23.3% compound annual growth rate (CAGR), from -73.5% to 25.4%.
What does operating margin mean?
Operating income as a percentage of revenue (trailing twelve months). Captures profitability from core operations after both cost of revenue and operating expenses, but before interest and taxes.