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%+0.4pp	74.4%+0.6pp	73.8%+0.3pp	73.5%+0.9pp	72.5%0.0pp
Operating margin	5.4%+1.4pp	4%+1.3pp	2.7%+2.3pp	0.5%+1.7pp	-1.2%-3.1pp
Net margin	7.3%+1.4pp	6%+0.9pp	5.1%+2.2pp	2.9%+1.6pp	1.2%-3.1pp
Returns
Return on equity	6.6%+1.5pp	5.1%+0.6pp	4.5%+1.9pp	2.6%+1.5pp	1.1%-2.9pp
Return on invested capital	4.8%+1.6pp	3.2%+0.9pp	2.3%+1.9pp	0.4%+1.4pp	-1%-2.7pp
Efficiency
Asset turnover	0.6×0.0×	0.6×0.0×	0.6×0.0×	0.6×0.0×	0.6×0.0×
Liquidity
Current ratio	5.2×+0.1×	5×+0.2×	4.9×-0.1×	5×0.0×	5×+0.8×
Leverage
Debt-to-equity	0.3×0.0×	0.3×0.0×	0.3×0.0×	0.3×0.0×	0.3×0.0×
Net debt / EBITDA	-0.5×-0.4×	-0.1×0.0×	-0.1×-2.2×	2.1×-2.9×	5×+3.5×
Per Share
Book value per share	$7.02+3.2%	$6.80+9.7%	$6.20+1.8%	$6.09+2.9%	$5.92+4.8%
Valuation
Market capitalization	$1.64B-10.0%	$1.82B+14.7%	$1.59B-27.2%	$2.18B-2.5%	$2.24B-17.5%
Price / earnings	76.3×-33.9×	110.3×-11.1×	121.4×-186×	307×-444×	751.2×+490×
Price / sales	5.6×-1.0×	6.6×+0.5×	6.1×-2.6×	8.8×-0.6×	9.4×-2.0×
Price / book	4.6×-0.5×	5.1×+0.2×	4.9×-2.2×	7.1×-0.5×	7.6×-1.7×
EV / EBITDA	58.2×-22.3×	80.5×-12.6×	93.1×-138×	231.6×-332×	563.8×+292×

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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.