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United Therapeutics UTHR Operating margin

Operating margin at other companies

Johnson & Johnson logo
Johnson & JohnsonJNJ
26.4%+2.8pp
Insmed logo
InsmedINSM
-140.6%-43.9pp
ALN
Alnylam PharmaceuticalsALNY
17.5%+14.4pp
Incyte logo
IncyteINCY
30%+26.1pp
Amgen logo
AmgenAMGN
28.4%+6.6pp
Regeneron Pharmaceuticals logo
Regeneron PharmaceuticalsREGN
24.3%-2.9pp

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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Gross margin86.6%-2.4pp
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 operating margin?
United Therapeutics (UTHR) reported operating margin of 45.3% in Q1 2026.
How has United Therapeutics's operating margin changed year-over-year?
United Therapeutics's operating margin decreased by 3.4% year-over-year, from 46.9% to 45.3%.
What is the long-term trend for United Therapeutics's operating margin?
Over 4 years (2021 to 2025), United Therapeutics's operating margin has grown at a 13.9% compound annual growth rate (CAGR), from 112.2% to 188.6%.
What does operating margin mean?
The profit left from core operations for every dollar of sales, before interest and taxes.
How do you interpret operating margin?
Expanding operating margin shows operating leverage — revenue growing faster than the cost base. Compression points to rising overhead, pricing pressure, or investment ahead of revenue.
How does operating margin compare across companies?
Strong cross-company signal within a sector. Capital-light businesses sustain higher operating margins than capital-intensive ones.