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Ocular Therapeutix OCUL Operating margin

Operating margin at other companies

Regeneron Pharmaceuticals logo
Regeneron PharmaceuticalsREGN
24.3%-2.9pp
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Bausch + LombBLCO
4.4%+2.9pp
Tarsus Pharmaceuticals, Inc. logo
Tarsus Pharmaceuticals, Inc.TARS
-9.5%-4.2pp
Ultragenyx Pharmaceutical logo
Ultragenyx PharmaceuticalRARE
-83.8%-3.0pp
PBH
Prestige Consumer HealthcarePBH
28.4%-1.2pp
Arcutis Biotherapeutics, Inc. logo
Arcutis Biotherapeutics, Inc.ARQT
-12%-5.7pp

Other financials

Income statement

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Revenue$10.8M+0.8%
Gross profit$9.5M+0.2%
Operating income-$93.3M-46.0%
Net income-$88.6M-38.3%
EPS (diluted)-$0.40-5.3%

Balance sheet

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Cash & equivalents$666.7M+90.7%
Total debt$79.5M+4.2%
Total equity$581.6M+119%
Total assets$732.5M+80.5%

Cash flow

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Operating cash flow-$66.0M-47.7%
CapEx$4.7M+141%
Free cash flow-$70.7M-51.6%

Valuation

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Market cap$2.21B+58.2%
Enterprise value$1.63B+40.8%
P/S42.6×+19.1×

Profitability

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Gross margin87.2%-3.4pp
Net margin-558.2%+1,493pp
FCF margin-463%+2,860pp

Returns & leverage

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Return on equity-68.6%+17.0pp
Debt / equity0.1×-0.2×
Current ratio14.8×+4.6×

Where this comes from

Calculated from Ocular Therapeutix’s reported figures.

Based on trailing twelve months.

The official record: Ocular Therapeutix’s 10-Q, filed May 5, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Ocular Therapeutix's operating margin?
Ocular Therapeutix (OCUL) reported operating margin of -575.4% in Q1 2026.
How has Ocular Therapeutix's operating margin changed year-over-year?
Ocular Therapeutix's operating margin decreased by 68.2% year-over-year, from -342.2% to -575.4%.
What is the long-term trend for Ocular Therapeutix's operating margin?
Over 5 years (2020 to 2025), Ocular Therapeutix's operating margin has grown at a 7.6% compound annual growth rate (CAGR), from -361.1% to -519.8%.
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.