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Veracyte VCYT Operating margin

Operating margin at other companies

Guardant Health logo
Guardant HealthGH
-41.4%-9.4pp
Natera, Inc. logo
Natera, Inc.NTRA
-13%+0.6pp
Bio-Rad Laboratories logo
Bio-Rad LaboratoriesBIO
8.8%-3.1pp
Revvity logo
RevvityRVTY
12.4%-1.1pp
Labcorp Holdings logo
Labcorp HoldingsLH
10.2%+1.9pp
Quest Diagnostics logo
Quest DiagnosticsDGX
14.3%+0.6pp

Other financials

Income statement

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Revenue$139.1M+21.5%
Gross profit$101.2M+27.2%
Operating income$22.6M+680%
Net income$28.7M+307%
EPS (diluted)$0.35+289%

Balance sheet

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Cash & equivalents$264.8M+41.0%
Total debt$39.3M-22.1%
Total equity$1.3B+12.5%
Total assets$1.4B+9.2%

Cash flow

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Operating cash flow$35.2M+557%
CapEx$3.0M+62.8%
Free cash flow$32.3M+810%

Valuation

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Market cap$4.28B+10.7%
Enterprise value$4.05B+7.4%
P/E48.6×-68.3×
P/S7.9×-0.4×

Profitability

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Gross margin70.9%+2.9pp
Net margin16.2%+9.1pp
FCF margin28.7%+11.7pp

Returns & leverage

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Return on equity6.9%+4.1pp
Debt / equity0.0×
Current ratio9.3×+4.2×

Where this comes from

Calculated from Veracyte’s reported figures.

Based on trailing twelve months.

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

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Questions, answered.

What is Veracyte's operating margin?
Veracyte (VCYT) reported operating margin of 14.3% in Q1 2026.
How has Veracyte's operating margin changed year-over-year?
Veracyte's operating margin increased by 179.8% year-over-year, from 5.1% to 14.3%.
What is the long-term trend for Veracyte's operating margin?
Over 5 years (2020 to 2025), Veracyte's operating margin has grown at a -18.0% compound annual growth rate (CAGR), from -30.1% to 11.2%.
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.