What does gross margin mean?

Gross profit (revenue minus cost of revenue) as a percentage of revenue, on a trailing-twelve-month basis. Measures how much of each sales dollar survives the direct cost of producing the goods or services sold.

PTC Therapeutics PTCT Gross margin

Discontinued — last reported Q4 '19

Gross margin at other companies

BioMarin PharmaceuticalsBMRN

76.5%-2.9pp

ALN

Alnylam PharmaceuticalsALNY

81%-5.3pp

BridgeBio PharmaBBIO

95.1%-0.2pp

United TherapeuticsUTHR

86.6%-2.4pp

BiogenBIIB

75.5%-0.1pp

LQD

Liquidia CorporationLQDA

58.1%-18.7pp

Other financials

Income statement

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Revenue$272.6M-76.8%

Operating income$45.0M-95.4%

Net income-$2.8M-100%

EPS (diluted)-$0.03-100%

Balance sheet

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Cash & equivalents$834.0M-43.7%

Total debt$395.1M+0.1%

Total equity-$180.5M+2.9%

Total assets$2.9B+8.0%

Cash flow

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Operating cash flow-$59.0M-107%

CapEx$1.2M-30.6%

Free cash flow-$60.2M-107%

Valuation

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Market cap$6.55B+40.3%

Enterprise value$6.11B+77.3%

P/E8×—

P/S7.9×+5.3×

Profitability

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Operating margin1.6%-38.7pp

Net margin42.3%+27.4pp

FCF margin39.1%+32.8pp

Returns & leverage

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Return on equity-216.7%—

Debt / equity372.3×—

Current ratio2.4×-1.5×

Where this comes from

Calculated from PTC Therapeutics’s reported figures.

gross profit/total revenue=96%

Based on trailing twelve months.

The official record: PTC Therapeutics’s 10-K, filed February 25, 2021, on SEC EDGAR. View the filing →

Questions, answered.

What does gross margin mean?: Gross profit (revenue minus cost of revenue) as a percentage of revenue, on a trailing-twelve-month basis. Measures how much of each sales dollar survives the direct cost of producing the goods or services sold.