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Tandem Diabetes Care TNDM Ratios & Valuation

TTM Q1 '26TTM Q4 '25TTM Q3 '25TTM Q2 '25TTM Q1 '25
Profitability
Gross margin54.9%+2.7pp53.8%+1.7pp53.2%+3.4pp52.5%+3.5pp52.2%+2.9pp
Operating margin-8.2%+10.0pp-18.5%-7.9pp-19.5%-3.8pp-19.9%-2.4pp-18.1%+1.0pp
Net margin-9.2%+9.5pp-20.2%-10.0pp-20.2%-5.4pp-20.5%-3.4pp-18.7%-0.3pp
Returns
Return on equity-65.7%+26.6pp-97.9%-64.6pp-109.7%-63.8pp-111.9%-63.4pp-92.3%-43.7pp
Return on invested capital-13.1%+26.2pp-30.8%-16.4pp-32.8%-7.9pp-32.6%-5.8pp-39.2%+5.2pp
Efficiency
Asset turnover-0.1×1.1×+0.1×1.1×+0.2×1.1×+0.3×1.1×+0.2×
Liquidity
Current ratio3.6×+1.3×2.5×-0.4×2.4×-0.5×2.4×-0.6×2.3×-1.5×
Leverage
Debt-to-equity5.5×+2.4×2.9×+0.9×3.4×+1.2×3.4×+1.2×3.2×+2.6×
Per Share
Book value per share$1.94-17.2%$2.28-42.6%$1.97-45.8%$1.99-44.8%$2.34-37.1%
Valuation
Market capitalization$1.03B-23.6%$1.49B-37.0%$820.29M-70.5%$1.34B-48.3%$1.27B-45.2%
Price / sales-0.4×1.5×-1.0×0.8×-2.4×1.3×-1.9×1.3×-1.7×
Price / book7.8×-0.9×9.6×+0.6×6.2×-5.5×10.1×-1.0×8.2×-1.4×

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Questions, answered.

What are Tandem Diabetes Care's profit margins?
Tandem Diabetes Care (TNDM) runs a 54.9% gross margin and a -8.2% operating margin, with a -9.2% net margin.
Where do Tandem Diabetes Care's ratios come from?
Every ratio is computed from Tandem Diabetes Care's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.