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Vericel VCEL Operating margin

Operating margin at other companies

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StrykerSYK
19.7%+4.4pp
Zimmer Biomet Holdings logo
Zimmer Biomet HoldingsZBH
14%-3.0pp
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LeMaitre VascularLMAT
28.5%+5.1pp
Capricor Therapeutics logo
Capricor TherapeuticsCAPR
-778.8%-1,038pp
Globus Medical logo
Globus MedicalGMED
17.2%+7.0pp
Johnson & Johnson logo
Johnson & JohnsonJNJ
26.4%+2.8pp

Other financials

Income statement

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Revenue$68.4M+30.1%
Gross profit$49.3M+35.8%
Operating income-$8.1M+37.0%
Net income-$6.3M+44.0%
EPS (diluted)-$0.12+47.8%

Balance sheet

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Cash & equivalents$109.3M+37.1%
Total debt$95.0M-4.6%
Total equity$356.2M+20.6%
Total assets$485.6M+14.4%

Cash flow

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Operating cash flow$16.4M+148%
CapEx$1.3M-91.2%
Free cash flow$15.1M+299%

Valuation

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Market cap$2.06B-26.8%
Enterprise value$2.05B-28.0%
P/E96.1×-850×
P/S7.1×-4.7×

Profitability

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Gross margin74.8%+2.3pp
Net margin7.3%+6.1pp
FCF margin16.3%

Returns & leverage

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Return on equity6.6%+5.5pp
Debt / equity0.3×-0.1×
Current ratio5.2×+0.2×

Where this comes from

Calculated from Vericel’s reported figures.

Based on trailing twelve months.

The official record: Vericel’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Vericel's operating margin?
Vericel (VCEL) reported operating margin of 5.4% in Q1 2026.
How has Vericel's operating margin changed year-over-year?
Vericel's operating margin increased by 558.5% year-over-year, from -1.2% to 5.4%.
What is the long-term trend for Vericel's operating margin?
Over 2 years (2020 to 2025), Vericel's operating margin has grown at a 44.7% compound annual growth rate (CAGR), from 1.9% to 4%.
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.