What is the current annual gross margin of PEN?

As of today, PEN annual gross margin is 65.66%

What is 1-year change in PEN annual gross margin?

PEN annual gross margin is up +4.60% year-over-year

What is 3-year change in PEN annual gross margin?

PEN annual gross margin is up +5.68% over the past 3 years

How far is PEN annual gross margin from its all-time high?

PEN annual gross margin is currently -3.17% below its historical high of 67.81% set on December 31, 2019

How does PEN annual gross margin rank versus sector peers?

PEN annual gross margin is higher than 63.98% of companies in Healthcare sector

When is PEN next annual earnings release?

The next annual earnings release for PEN is on February 24, 2027

What is the current quarterly gross margin of PEN?

As of today, PEN quarterly gross margin is 67.03%

What is PEN quarterly gross margin most recent change?

PEN quarterly gross margin was up +0.80% on September 30, 2026

What is 1-year change in PEN quarterly gross margin?

PEN quarterly gross margin is down -0.10% year-over-year

How far is PEN quarterly gross margin from its all-time high?

PEN quarterly gross margin is currently -4.02% below its historical high of 69.84% set on June 30, 2019

How does PEN quarterly gross margin rank versus sector peers?

PEN quarterly gross margin is higher than 65.05% of companies in Healthcare sector

When is PEN next earnings release?

The next earnings release for PEN is on February 24, 2027

Penumbra, Inc. (PEN) Gross Margin History & Chart Since 2012

Annual Gross Margin

65.66%2.89%+4.60%

December 31, 2025

Summary

Current Value: As of today, PEN annual gross margin is 65.66%, up +4.60% on December 31, 2025
Historical Performance: PEN annual gross margin is up +5.68% over the past 3 years, up +9.07% over the past 5 years
All-Time High Comparison: PEN annual gross margin is currently -3.17% below its historical high of 67.81% set on December 31, 2019
3-Year Low Comparison: PEN annual gross margin is +5.68% above its 3-year low of 62.13% reached on an earlier date
Sector Comparison: PEN annual gross margin is higher than 63.98% of companies in Healthcare sector

Gross Margin Chart

beforeafter

Performance

PEN Performance
Metric	Date	Value	1Y	3Y	5Y	15Y
Annual Gross Margin	Dec 31, 25	65.66%	+4.6%	+5.7%	+9.1%	-1.9%
Quarterly Gross Margin	Sep 30, 26	67.03%	-0.1%	+3.6%	+6.5%	+0.5%
Price	Oct 30, 26	$318.95	+37.8%	+66.7%	+15.3%	–
PE Ratio	Oct 30, 26	80.29	+45.1%	-56.5%	-74.1%	–
Annual Revenue	Dec 31, 25	$1.40B	+17.5%	+65.7%	+150.5%	+1819.1%
Annual Gross Profit	Dec 31, 25	$0.00	-100.0%	-100.0%	-100.0%	-100.0%
Annual Operating Margin	Dec 31, 25	13.48%	+86.7%	+1772.2%	+307.4%	+187.4%
Annual Net Margin	Dec 31, 25	12.66%	+982.0%	+5375.0%	+468.0%	+372.4%

Gross Margin Highs

PEN Annual Gross Margin Highs Comparison
Period	High	Date	Current
3Y	65.66%	Dec 31, 25	at high
5Y	65.66%	Dec 31, 25	at high
All	67.81%	Dec 31, 19	-3.2%

Gross Margin Lows

PEN Annual Gross Margin Lows Comparison
Period	Low	Date	Current
3Y	62.13%	N/A	+5.7%
5Y	60.20%	N/A	+9.1%
All	60.20%	Dec 31, 20	+9.1%

Gross Margin History

Year	Value	Change
2025	65.66%	+4.6%
2024	62.77%	-1.2%
2023	63.55%	+2.3%
2022	62.13%	-1.8%
2021	63.24%	+5.0%
2020	60.20%	-11.2%
2019	67.81%	+3.4%

Year	Value	Change
2018	65.56%	+1.0%
2017	64.93%	-0.6%
2016	65.32%	-2.6%
2015	67.07%	+1.4%
2014	66.12%	+1.3%
2013	65.25%	-2.5%
2012	66.94%	-

FAQ

What is the current annual gross margin of PEN?: As of today, PEN annual gross margin is 65.66%
What is 1-year change in PEN annual gross margin?: PEN annual gross margin is up +4.60% year-over-year
What is 3-year change in PEN annual gross margin?: PEN annual gross margin is up +5.68% over the past 3 years
How far is PEN annual gross margin from its all-time high?: PEN annual gross margin is currently -3.17% below its historical high of 67.81% set on December 31, 2019
How does PEN annual gross margin rank versus sector peers?: PEN annual gross margin is higher than 63.98% of companies in Healthcare sector
When is PEN next annual earnings release?: The next annual earnings release for PEN is on February 24, 2027

Gross Margin Formula

Gross Margin = Gross Profit

Revenue × 100%

Quarterly Gross Margin

67.03%0.53%+0.80%

September 30, 2026

Summary

Current Value: As of today, PEN quarterly gross margin is 67.03%, up +0.80% on September 30, 2026
Historical Performance: PEN quarterly gross margin is down -0.10% year-over-year, up +3.65% over the past 3 years
All-Time High Comparison: PEN quarterly gross margin is currently -4.02% below its historical high of 69.84% set on June 30, 2019
3-Year Low Comparison: PEN quarterly gross margin is +25.17% above its 3-year low of 53.55% reached on June 30, 2024
Sector Comparison: PEN quarterly gross margin is higher than 65.05% of companies in Healthcare sector

Performance

PEN Performance
Metric	Date	Value	3M	1Y	3Y	5Y
Quarterly Gross Margin	Sep 30, 26	67.03%	+0.8%	-0.1%	+3.6%	+6.5%
Annual Gross Margin	Dec 31, 25	65.66%	–	+4.6%	+5.7%	+9.1%
Price	Oct 30, 26	$318.95	-0.3%	+37.8%	+66.7%	+15.3%
PE Ratio	Oct 30, 26	80.29	+2.2%	+45.1%	-56.5%	-74.1%
Quarterly Revenue	Sep 30, 26	$410.15M	+5.2%	+15.6%	+51.4%	+115.7%
Quarterly Gross Profit	Sep 30, 26	$274.90M	+6.0%	+15.5%	+56.9%	+129.7%
Quarterly Operating Margin	Sep 30, 26	12.37%	+17.6%	-10.2%	+8.7%	+167.8%
Quarterly Net Margin	Sep 30, 26	10.31%	+15.6%	-20.3%	+203.2%	+144.3%

Quarterly Gross Margin Highs

PEN Quarterly Gross Margin Highs Comparison
Period	High	Date	Current
1Y	67.10%	N/A	-0.1%
3Y	67.10%	Sep 30, 25	-0.1%
5Y	67.10%	Sep 30, 25	-0.1%
All	69.84%	Jun 30, 19	-4.0%

Quarterly Gross Margin Lows

PEN Quarterly Gross Margin Lows Comparison
Period	Low	Date	Current
1Y	66.42%	Mar 31, 26	+0.9%
3Y	53.55%	Jun 30, 24	+25.2%
5Y	53.55%	Jun 30, 24	+25.2%
All	53.55%	Jun 30, 24	+25.2%

Quarterly Gross Margin History

Month	Value	Change
Sep 2026	67.03%	+0.8%
Jun 2026	66.50%	+0.1%
Mar 2026	66.42%	-0.7%
Dec 2025	66.88%	-0.3%
Sep 2025	67.10%	+1.7%
Jun 2025	65.96%	-0.9%
Mar 2025	66.57%	-0.3%
Dec 2024	66.75%	+0.4%
Sep 2024	66.50%	+24.2%
Jun 2024	53.55%	-16.5%
Mar 2024	64.11%	-1.1%
Dec 2023	64.81%	+0.2%
Sep 2023	64.67%	+2.9%
Jun 2023	62.86%	+2.1%
Mar 2023	61.55%	+0.2%
Dec 2022	61.45%	-1.2%
Sep 2022	62.17%	-1.9%
Jun 2022	63.39%	+3.0%
Mar 2022	61.52%	+1.7%
Dec 2021	60.52%	-3.9%
Sep 2021	62.96%	-2.1%
Jun 2021	64.30%	-2.1%
Mar 2021	65.68%	+16.5%
Dec 2020	56.38%	-6.1%
Sep 2020	60.05%	-2.5%

Month	Value	Change
Jun 2020	61.59%	-3.7%
Mar 2020	63.95%	-5.1%
Dec 2019	67.42%	-1.8%
Sep 2019	68.67%	-1.7%
Jun 2019	69.84%	+7.2%
Mar 2019	65.17%	+0.3%
Dec 2018	65.00%	-2.9%
Sep 2018	66.91%	+1.8%
Jun 2018	65.71%	+1.3%
Mar 2018	64.84%	-2.1%
Dec 2017	66.24%	+1.8%
Sep 2017	65.10%	+2.8%
Jun 2017	63.32%	-2.8%
Mar 2017	65.16%	+2.3%
Dec 2016	63.72%	-0.1%
Sep 2016	63.81%	+0.2%
Jun 2016	63.70%	-7.5%
Mar 2016	68.90%	+2.8%
Dec 2015	67.00%	+0.8%
Sep 2015	66.44%	+2.7%
Jun 2015	64.70%	-5.7%
Mar 2015	68.62%	+4.3%
Jun 2014	65.76%	-1.4%
Mar 2014	66.71%	-

FAQ

What is the current quarterly gross margin of PEN?: As of today, PEN quarterly gross margin is 67.03%
What is PEN quarterly gross margin most recent change?: PEN quarterly gross margin was up +0.80% on September 30, 2026
What is 1-year change in PEN quarterly gross margin?: PEN quarterly gross margin is down -0.10% year-over-year
How far is PEN quarterly gross margin from its all-time high?: PEN quarterly gross margin is currently -4.02% below its historical high of 69.84% set on June 30, 2019
How does PEN quarterly gross margin rank versus sector peers?: PEN quarterly gross margin is higher than 65.05% of companies in Healthcare sector
When is PEN next earnings release?: The next earnings release for PEN is on February 24, 2027

Gross Margin Formula

Gross Margin = Gross Profit

Revenue × 100%

Data Sources & References

PEN Official Website www.penumbrainc.com
Most Recent Annual Report (10-K) www.sec.gov/Archives/edgar/data/1321732/000132173226000007/0001321732-26-000007-index.htm
PEN Profile on Yahoo Finance finance.yahoo.com/quote/PEN
PEN Profile on NASDAQ.com www.nasdaq.com/market-activity/stocks/pen