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.

Ultragenyx Pharmaceutical RARE Gross margin

Discontinued — last reported Q2 '19

Gross margin at other companies

Eli LillyLLY

82.8%+1.1pp

AmgenAMGN

68.3%+5.3pp

Ionis PharmaceuticalsIONS

98.4%-0.2pp

ModernaMRNA

22.1%-32.0pp

BridgeBio PharmaBBIO

95.1%-0.2pp

Aurinia PharmaceuticalsAUPH

89.7%+1.5pp

Other financials

Income statement

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Revenue$136.0M-2.2%

Operating income-$169.0M-18.2%

Net income-$185.0M-22.5%

EPS (diluted)-$1.84-17.2%

Balance sheet

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Cash & equivalents$175.0M+37.8%

Total debt$36.0M-10.8%

Total equity-$236.0M-264%

Total assets$1.3B-1.2%

Cash flow

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Operating cash flow-$197.0M-18.7%

CapEx$1.0M0.0%

Free cash flow-$198.0M-18.6%

Valuation

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Market cap$2.83B-39.4%

P/S4.2×-3.7×

Profitability

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Operating margin-83.8%-3.0pp

Net margin-90.9%-2.1pp

FCF margin-75.1%+10.7pp

Returns & leverage

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Return on equity-325.6%+36.9pp

Debt / equity3.7×—

Current ratio2×-0.4×

Where this comes from

Calculated from Ultragenyx Pharmaceutical’s reported figures.

gross profit/total revenue=97.2%

Based on trailing twelve months.

The official record: Ultragenyx Pharmaceutical’s 10-Q, filed July 30, 2020, 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.