Vericel annual operating margin
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2025
Vericel Operating Margin Growth & History (VCEL)
Vericel's operating margin was 4.00% for fiscal 2025.
View full Vericel company overviewVericel annual operating margin history
| Fiscal year | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| 2025 | 2025-12-31 | 4.00% | +2.09 pp |
| 2024 | 2024-12-31 | 1.90% | +5.18 pp |
| 2023 | 2023-12-31 | −3.27% | +7.15 pp |
| 2022 | 2022-12-31 | −10.42% | −5.29 pp |
| 2021 | 2021-12-31 | −5.13% | −7.08 pp |
| 2020 | 2020-12-31 | 1.94% | +11.49 pp |
| 2019 | 2019-12-31 | −9.55% | −5.24 pp |
| 2018 | 2018-12-31 | −4.30% | +19.57 pp |
| 2017 | 2017-12-31 | −23.88% | +11.51 pp |
| 2016 | 2016-12-31 | −35.39% | −2.81 pp |
| 2015 | 2015-12-31 | −32.58% | +49.15 pp |
| 2014 | 2014-12-31 | −81.73% | +110255.12 pp |
| 2013 | 2013-12-31 | −110,336.84% | +50425.06 pp |
| 2012 | 2012-12-31 | −160,761.90% | +571.43 pp |
| 2011 | 2011-12-31 | −161,333.33% | −141328.84 pp |
| 2010 | 2010-06-30 | −20,004.49% | −11120.43 pp |
| 2009 | 2009-06-30 | −8,884.07% | — |
Vericel quarterly operating margin
Q1.11
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Q4.12
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Q3.14
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Q3.15
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Q2.16
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Q4.16
Q1.17
Q2.17
Q3.17
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Q1.18
Q2.18
Q3.18
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Q1.19
Q2.19
Q3.19
Q4.19
Q1.20
Q2.20
Q3.20
Q4.20
Q1.21
Q2.21
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Q4.21
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Q2.22
Q3.22
Q4.22
Q1.23
Q2.23
Q3.23
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Q1.24
Q2.24
Q3.24
Q4.24
Q1.25
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| Q2 2026 | 2026-06-30 | 0.56% | +3.77 pp |
| Q1 2026 | 2026-03-31 | −11.79% | +12.54 pp |
| Q4 2025 | 2025-12-31 | 24.12% | −0.39 pp |
| Q3 2025 | 2025-09-30 | 5.11% | +9.37 pp |
| Q2 2025 | 2025-06-30 | −3.21% | +8.24 pp |
| Q1 2025 | 2025-03-31 | −24.32% | −13.67 pp |
| Q4 2024 | 2024-12-31 | 24.52% | +4.93 pp |
| Q3 2024 | 2024-09-30 | −4.26% | +6.84 pp |
| Q2 2024 | 2024-06-30 | −11.45% | +1.53 pp |
| Q1 2024 | 2024-03-31 | −10.66% | +9.28 pp |
| Q4 2023 | 2023-12-31 | 19.59% | +8.04 pp |
| Q3 2023 | 2023-09-30 | −11.09% | +6.62 pp |
| Q2 2023 | 2023-06-30 | −12.98% | +11.68 pp |
| Q1 2023 | 2023-03-31 | −19.94% | +0.35 pp |
| Q4 2022 | 2022-12-31 | 11.55% | +2.75 pp |
| Q3 2022 | 2022-09-30 | −17.71% | −3.00 pp |
| Q2 2022 | 2022-06-30 | −24.66% | −15.02 pp |
| Q1 2022 | 2022-03-31 | −20.29% | −10.46 pp |
| Q4 2021 | 2021-12-31 | 8.80% | −18.97 pp |
| Q3 2021 | 2021-09-30 | −14.71% | −26.05 pp |
| Q2 2021 | 2021-06-30 | −9.64% | +32.12 pp |
| Q1 2021 | 2021-03-31 | −9.83% | +9.20 pp |
| Q4 2020 | 2020-12-31 | 27.77% | +4.39 pp |
| Q3 2020 | 2020-09-30 | 11.34% | +1.18 pp |
| Q2 2020 | 2020-06-30 | −41.76% | +35.48 pp |
| Q1 2020 | 2020-03-31 | −19.03% | −3.63 pp |
| Q4 2019 | 2019-12-31 | 23.38% | +4.25 pp |
| Q3 2019 | 2019-09-30 | 10.15% | +16.10 pp |
| Q2 2019 | 2019-06-30 | −77.24% | −54.91 pp |
| Q1 2019 | 2019-03-31 | −15.40% | +8.58 pp |
| Q4 2018 | 2018-12-31 | 19.13% | +13.76 pp |
| Q3 2018 | 2018-09-30 | −5.94% | +22.33 pp |
| Q2 2018 | 2018-06-30 | −22.33% | −7.46 pp |
| Q1 2018 | 2018-03-31 | −23.98% | +78.82 pp |
| Q4 2017 | 2017-12-31 | 5.37% | +41.01 pp |
| Q3 2017 | 2017-09-30 | −28.27% | +30.11 pp |
| Q2 2017 | 2017-06-30 | −14.87% | +24.00 pp |
| Q1 2017 | 2017-03-31 | −102.80% | −88.68 pp |
| Q4 2016 | 2016-12-31 | −35.64% | −3.49 pp |
| Q3 2016 | 2016-09-30 | −58.38% | −15.25 pp |
| Q2 2016 | 2016-06-30 | −38.87% | −22.20 pp |
| Q1 2016 | 2016-03-31 | −14.12% | +28.02 pp |
| Q4 2015 | 2015-12-31 | −32.15% | −16.20 pp |
| Q3 2015 | 2015-09-30 | −43.12% | +39.94 pp |
| Q2 2015 | 2015-06-30 | −16.67% | +175.62 pp |
| Q1 2015 | 2015-03-31 | −42.14% | +61507.86 pp |
| Q4 2014 | 2014-12-31 | −15.95% | +174450.72 pp |
| Q3 2014 | 2014-09-30 | −83.06% | +89479.44 pp |
| Q2 2014 | 2014-06-30 | −192.28% | +39897.19 pp |
| Q4 2013 | 2013-12-31 | −61,550.00% | +366350.00 pp |
| Q2 2013 | 2013-06-30 | −174,466.67% | −91811.11 pp |
| Q1 2013 | 2013-03-31 | −89,562.50% | −20006.94 pp |
| Q4 2012 | 2012-12-31 | −40,089.47% | — |
| Q1 2012 | 2012-03-31 | −427,900.00% | — |
| Q3 2011 | 2011-09-30 | −82,655.56% | — |
| Q1 2011 · Mar 31 | 2011-03-31 | −69,555.56% | — |
Vericel operating margin trends
Over the last five reported fiscal years, Vericel's operating margin increased from 1.94% to 4.00%, a change of +2.05 percentage points. The latest reported quarter, Q2 2026, shows 0.56%.
About the metric
What operating margin means
Operating margin measures the percentage of revenue left after operating costs and expenses. It shows how much operating profit a company generates from each dollar of revenue.
Calculation and source
How operating margin is calculated
TickerStat calculates operating margin as SEC-reported operating income 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 Vericel filings at SEC.gov ↗