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Gross margin at other companies

Johnson & Johnson logo
Johnson & JohnsonJNJ
67.8%-0.5pp
Merck & Co. logo
Merck & Co.MRK
73.9%-2.5pp
Insmed logo
InsmedINSM
81.8%+5.3pp
ALN
Alnylam PharmaceuticalsALNY
81%-5.3pp
Incyte logo
IncyteINCY
92.5%-0.2pp
Amgen logo
AmgenAMGN
68.3%+5.3pp

Other financials

Income statement

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Revenue$781.5M-1.6%
Gross profit$648.1M-7.7%
Operating income$325.8M-14.9%
Net income$274.9M-14.7%
EPS (diluted)$5.82-12.2%

Balance sheet

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Cash & equivalents$1.3B-32.6%
Total equity$5.9B-13.3%
Total assets$6.7B-13.3%

Cash flow

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Operating cash flow$463.3M+0.5%
CapEx$100.8M+34.6%
Free cash flow$362.5M-6.2%

Valuation

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Market cap$23.41B+87.7%
P/E18.2×+7.9×
P/S7.4×+3.2×

Profitability

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Operating margin45.3%-1.6pp
Net margin40.6%+0.2pp

Returns & leverage

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Return on equity20.3%+0.3pp
Debt / equity
Current ratio4.8×-0.7×

Where this comes from

Calculated from United Therapeutics’s reported figures.

Based on trailing twelve months.

The official record: United Therapeutics’s 10-Q, filed May 6, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is United Therapeutics's gross margin?
United Therapeutics (UTHR) reported gross margin of 86.6% in Q1 2026.
How has United Therapeutics's gross margin changed year-over-year?
United Therapeutics's gross margin decreased by 2.7% year-over-year, from 89% to 86.6%.
What is the long-term trend for United Therapeutics's gross margin?
Over 4 years (2021 to 2025), United Therapeutics's gross margin has grown at a -1.1% compound annual growth rate (CAGR), from 370.7% to 354.5%.
What does gross margin mean?
How much of every sales dollar is left after the direct cost of what was sold.
How do you interpret gross margin?
Higher and stable gross margins indicate pricing power and a durable cost structure. A declining trend signals input-cost pressure, pricing competition, or a shift toward lower-margin products.
How does gross margin compare across companies?
Highly comparable within an industry, less so across industries — software runs 70%+ while distributors run in single digits. Track the trend more than the absolute level across sectors.