What are Vericel's profit margins?

Vericel (VCEL) runs a 74.8% gross margin and a 5.4% operating margin, with a 7.3% net margin.

Where do Vericel's ratios come from?

Every ratio is computed from Vericel'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.

Vericel VCEL Ratios & Valuation

Income Statement Balance Sheet Cash Flow Ratios Segments

Quarterly Annual TTM

YoY QoQ

Simplified Detailed

	Q1 '26	Q4 '25	Q3 '25	Q2 '25	Q1 '25
Profitability
Gross margin	74.8%+2.3pp	74.4%+1.9pp	73.8%+2.3pp	73.5%+3.1pp	72.5%+3.0pp
Operating margin	5.4%+6.6pp	4%+2.1pp	2.7%—	0.5%—	-1.2%—
Net margin	7.3%+6.1pp	6%+1.6pp	5.1%—	2.9%—	1.2%—
Returns
Return on equity	6.6%+5.5pp	5.1%+1.1pp	4.5%—	2.6%—	1.1%—
Return on invested capital	4.8%+5.8pp	3.2%+1.5pp	2.3%—	0.4%—	-1%—
Efficiency
Asset turnover	0.6×0.0×	0.6×0.0×	0.6×0.0×	0.6×0.0×	0.6×-0.1×
Liquidity
Current ratio	5.2×+0.2×	5×+0.8×	4.9×+0.3×	5×+0.5×	5×-0.2×
Leverage
Debt-to-equity	0.3×-0.1×	0.3×-0.1×	0.3×-0.1×	0.3×-0.1×	0.3×-0.1×
Net debt / EBITDA	-0.5×-5.5×	-0.1×-1.6×	-0.1×—	2.1×—	5×—
Per Share
Book value per share	$7.02+18.5%	$6.80+20.4%	$6.20+18.2%	$6.09+22.1%	$5.92+21.9%
Valuation
Market capitalization	$1.64B-26.8%	$1.82B-32.8%	$1.59B-23.3%	$2.18B-2.2%	$2.24B-11.1%
Price / earnings	76.3×-675×	110.3×-151×	121.4×—	307×—	751.2×—
Price / sales	5.6×-3.8×	6.6×-4.8×	6.1×-3.0×	8.8×-1.6×	9.4×-2.7×
Price / book	4.6×-3.0×	5.1×-4.1×	4.9×-3.1×	7.1×-2.1×	7.6×-3.2×
EV / EBITDA	58.2×-506×	80.5×-191×	93.1×—	231.6×—	563.8×—

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Questions, answered.

What are Vericel's profit margins?: Vericel (VCEL) runs a 74.8% gross margin and a 5.4% operating margin, with a 7.3% net margin.
Where do Vericel's ratios come from?: Every ratio is computed from Vericel'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.