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Trupanion TRUP Operating margin

Operating margin at other companies

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2.4%+1.3pp
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HumanaHUM
2.7%-1.7pp
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Tractor Supply CompanyTSCO
9.3%-0.4pp
TransUnion logo
TransUnionTRU
17.9%0.0pp
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General MillsGIS
19%+0.7pp
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American Financial GroupAFG
13.6%+1.4pp

Other financials

Income statement

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Revenue$384.0M+12.3%
Gross profit$61.5M+20.3%
Operating income$4.8M+424%
Net income$4.9M+429%
EPS (diluted)$0.11+467%

Balance sheet

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Cash & equivalents$182.9M-11.2%
Total debt$109.3M-15.2%
Total equity$394.8M+18.3%
Total assets$921.6M+10.1%

Cash flow

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Operating cash flow$14.6M-8.6%
CapEx$847.0K-56.1%
Free cash flow$13.7M-2.1%

Valuation

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Market cap$1.04B-56.5%
Enterprise value$968.57M-58.3%
P/E40.4×
P/S0.7×-1.1×

Profitability

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Gross margin16.3%+1.6pp
Net margin1.7%
FCF margin5.1%+1.0pp

Returns & leverage

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Return on equity7.1%
Debt / equity0.3×-0.1×
Current ratio1.7×0.0×

Where this comes from

Calculated from Trupanion’s reported figures.

Based on trailing twelve months.

The official record: Trupanion’s 10-Q, filed April 30, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Trupanion's operating margin?
Trupanion (TRUP) reported operating margin of 1.4% in Q1 2026.
How has Trupanion's operating margin changed year-over-year?
Trupanion's operating margin increased by 444.7% year-over-year, from -0.4% to 1.4%.
What is the long-term trend for Trupanion's operating margin?
Over 5 years (2020 to 2025), Trupanion's operating margin has grown at a -0.4% compound annual growth rate (CAGR), from -1% to 1%.
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.