What are Trupanion's profit margins?

Trupanion (TRUP) runs a 16.3% gross margin and a 1.4% operating margin, with a 1.7% net margin.

Where do Trupanion's ratios come from?

Every ratio is computed from Trupanion'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.

Trupanion TRUP Ratios & Valuation

Income Statement Balance Sheet Cash Flow Ratios Segments

Quarterly Annual TTM

YoY QoQ

Simplified Detailed

	TTM Q1 '26	TTM Q4 '25	TTM Q3 '25	TTM Q2 '25	TTM Q1 '25
Profitability
Gross margin	16.3%+1.6pp	16.1%+2.1pp	15.6%+2.3pp	15.3%+2.7pp	14.7%+2.5pp
Operating margin	1.4%+1.7pp	1%+1.7pp	0.5%+1.3pp	0.2%+1.4pp	-0.4%+1.6pp
EBITDA margin	2.4%+1.6pp	2.1%+1.5pp	1.6%+1.1pp	1.4%+1.4pp	0.9%+1.7pp
Free cash flow margin	5.1%+1.0pp	5.2%+2.2pp	5.1%+2.7pp	4.5%+2.5pp	4%+3.0pp
Returns
Return on invested capital	6.1%+8.1pp	4.1%+8.0pp	2.3%+6.0pp	0.9%+6.4pp	-2%+6.8pp
Efficiency
Asset turnover	1.7×+0.1×	1.7×+0.1×	1.7×+0.1×	1.7×+0.1×	1.6×+0.1×
Liquidity
Current ratio	1.7×0.0×	1.7×0.0×	1.7×+0.1×	1.7×+0.1×	1.7×+0.1×
Quick ratio	1.7×0.0×	1.7×0.0×	1.7×+0.1×	1.7×+0.1×	1.7×+0.1×
Cash ratio	0.4×-0.1×	0.4×-0.2×	0.5×0.0×	0.4×0.0×	0.6×+0.1×
Leverage
Debt-to-equity	0.3×-0.1×	0.3×-0.1×	0.3×-0.1×	0.3×-0.1×	0.4×0.0×
Debt-to-assets	0.1×0.0×	0.1×0.0×	0.1×0.0×	0.1×0.0×	0.2×0.0×
Net debt / EBITDA	-2.1×—	-1.5×—	-3.3×—	-2.7×—	——
Interest coverage	1.6×+2.0×	1×+1.7×	0.5×+1.2×	0.2×+1.3×	-0.4×+1.3×
Per Share
Book value per share	$9.04+15.9%	$8.81+15.0%	$8.46+13.2%	$8.20+12.9%	$7.80+7.8%
Valuation
Market capitalization	$1.05B-56.4%	$1.61B-20.9%	$1.86B+5.3%	$2.42B+96.0%	$1.58B+36.8%
Enterprise value	$972.06M-58.1%	$1.57B-20.4%	$1.79B+3.0%	$2.37B+94.9%	$1.51B+34.9%
Price / sales	0.7×-1.1×	1.1×-0.5×	1.3×-0.1×	1.8×+0.8×	1.2×+0.2×
Price / book	2.6×-4.5×	4.2×-2.1×	5×-0.5×	6.8×+2.8×	4.7×+0.9×
EV / EBITDA	27.1×-179×	52.9×—	79.7×—	126.9×—	——
EV / sales	0.7×-1.1×	1.1×-0.4×	1.3×-0.1×	1.7×+0.7×	1.1×+0.2×
Free cash flow yield	7.2%+5.0pp	4.7%+2.8pp	3.9%+2.1pp	2.5%+0.6pp	3.4%+2.3pp

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Questions, answered.

What are Trupanion's profit margins?: Trupanion (TRUP) runs a 16.3% gross margin and a 1.4% operating margin, with a 1.7% net margin.
Where do Trupanion's ratios come from?: Every ratio is computed from Trupanion'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.