United Therapeutics annual gross margin
2009
2010
2011
2012
2013
2014
2019
2020
2021
2022
2023
2024
2025
United Therapeutics Gross Margin Growth & History (UTHR)
United Therapeutics's gross margin was 87.92% for fiscal 2025.
View full United Therapeutics company overviewUnited Therapeutics annual gross margin history
| Fiscal year | Period ended | Gross margin | Change (percentage points) |
|---|---|---|---|
| 2025 | 2025-12-31 | 87.92% | −1.31 pp |
| 2024 | 2024-12-31 | 89.24% | +0.30 pp |
| 2023 | 2023-12-31 | 88.94% | −3.23 pp |
| 2022 | 2022-12-31 | 92.17% | −0.56 pp |
| 2021 | 2021-12-31 | 92.73% | +0.02 pp |
| 2020 | 2020-12-31 | 92.71% | +0.83 pp |
| 2019 | 2019-12-31 | 91.88% | +2.35 pp |
| 2014 | 2014-12-31 | 89.53% | +2.17 pp |
| 2013 | 2013-12-31 | 87.36% | +1.47 pp |
| 2012 | 2012-12-31 | 85.89% | −1.87 pp |
| 2011 | 2011-12-31 | 87.76% | −0.63 pp |
| 2010 | 2010-12-31 | 88.38% | +0.12 pp |
| 2009 | 2009-12-31 | 88.27% | — |
United Therapeutics quarterly gross margin
Q2.10
Q3.10
Q1.11
Q2.11
Q3.11
Q4.11
Q1.12
Q2.12
Q3.12
Q4.12
Q1.13
Q2.13
Q3.13
Q4.13
Q1.14
Q2.14
Q3.14
Q4.14
Q1.15
Q1.21
Q2.21
Q3.21
Q4.21
Q1.22
Q2.22
Q3.22
Q4.22
Q1.23
Q2.23
Q3.23
Q4.23
Q1.24
Q2.24
Q3.24
Q4.24
Q1.25
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | Gross margin | Change (percentage points) |
|---|---|---|---|
| Q2 2026 | 2026-06-30 | 87.30% | −1.73 pp |
| Q1 2026 | 2026-03-31 | 82.93% | −5.43 pp |
| Q4 2025 | 2025-12-31 | 86.91% | −2.77 pp |
| Q3 2025 | 2025-09-30 | 87.38% | −1.52 pp |
| Q2 2025 | 2025-06-30 | 89.03% | −0.09 pp |
| Q1 2025 | 2025-03-31 | 88.36% | −0.89 pp |
| Q4 2024 | 2024-12-31 | 89.69% | +1.24 pp |
| Q3 2024 | 2024-09-30 | 88.90% | +0.41 pp |
| Q2 2024 | 2024-06-30 | 89.12% | −0.14 pp |
| Q1 2024 | 2024-03-31 | 89.24% | −0.44 pp |
| Q4 2023 | 2023-12-31 | 88.45% | +0.41 pp |
| Q3 2023 | 2023-09-30 | 88.50% | −4.29 pp |
| Q2 2023 | 2023-06-30 | 89.25% | −4.38 pp |
| Q1 2023 | 2023-03-31 | 89.68% | −4.71 pp |
| Q4 2022 | 2022-12-31 | 88.04% | −3.63 pp |
| Q3 2022 | 2022-09-30 | 92.79% | −0.98 pp |
| Q2 2022 | 2022-06-30 | 93.64% | +1.97 pp |
| Q1 2022 | 2022-03-31 | 94.39% | +0.46 pp |
| Q4 2021 | 2021-12-31 | 91.67% | −1.65 pp |
| Q3 2021 | 2021-09-30 | 93.77% | −1.40 pp |
| Q2 2021 | 2021-06-30 | 91.67% | +4.54 pp |
| Q1 2021 | 2021-03-31 | 93.93% | +6.38 pp |
| Q1 2015 | 2015-03-31 | 93.31% | +5.56 pp |
| Q4 2014 | 2014-12-31 | 95.17% | +9.53 pp |
| Q3 2014 | 2014-09-30 | 87.12% | −1.98 pp |
| Q2 2014 | 2014-06-30 | 87.55% | +0.18 pp |
| Q1 2014 | 2014-03-31 | 87.75% | +0.52 pp |
| Q4 2013 | 2013-12-31 | 85.64% | +2.48 pp |
| Q3 2013 | 2013-09-30 | 89.10% | +1.28 pp |
| Q2 2013 | 2013-06-30 | 87.37% | +2.17 pp |
| Q1 2013 | 2013-03-31 | 87.23% | −0.38 pp |
| Q4 2012 | 2012-12-31 | 83.16% | −3.42 pp |
| Q3 2012 | 2012-09-30 | 87.83% | −0.58 pp |
| Q2 2012 | 2012-06-30 | 85.20% | −3.17 pp |
| Q1 2012 | 2012-03-31 | 87.61% | −0.06 pp |
| Q4 2011 | 2011-12-31 | 86.58% | −1.26 pp |
| Q3 2011 | 2011-09-30 | 88.40% | −0.06 pp |
| Q2 2011 | 2011-06-30 | 88.37% | — |
| Q1 2011 | 2011-03-31 | 87.67% | — |
| Q3 2010 | 2010-09-30 | 87.84% | — |
| Q2 2010 | 2010-06-30 | 88.46% | — |
United Therapeutics gross margin trends
Over the last five reported fiscal years, United Therapeutics's gross margin decreased from 92.71% to 87.92%, a change of −4.79 percentage points. The latest reported quarter, Q2 2026, shows 87.30%.
About the metric
What gross margin means
Gross margin measures the percentage of revenue remaining after the direct costs of producing goods or services. It helps show how efficiently a company turns sales into gross profit before operating expenses.
Calculation and source
How gross margin is calculated
TickerStat calculates gross margin as SEC-reported gross profit divided by SEC-reported revenue for the same fiscal period. Changes are shown in percentage points. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review United Therapeutics filings at SEC.gov ↗