Protagonist Therapeutics, Inc.

PTGX Healthcare Biotechnology

Protagonist Therapeutics, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $46.0 million, down 89.4% from fiscal 2024.

Revenue
+3,749.2%
EPS
+549.1%
Free cash flow
+839.7%

Quarter to June 2026, against a year earlier

132.38 2.88 −2.13%
Market cap
$8.8B
P/E
111×
Fwd P/E
31.2×
Dividend yield
—
F-score
4/9
Altman Z
61.55
Beneish M
−7.18
Dividend safety
n/a

Protagonist Therapeutics, Inc. (PTGX) Operating margin

Alert me on Operating margin

Protagonist Therapeutics, Inc.'s operating margin over the twelve months to 30 June 2026 was 20.7%, up 364.3 percentage points from fiscal 2025 (−343.6%). Over the past ten years it has ranged from −34,857.6% (fiscal 2019) to 58.2% (fiscal 2024); the current reading is higher than 36% of that period. That is above the Biotechnology industry median of 0.00% and above the Healthcare sector median of 0.00%.

Operating margin, annual

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Annual newest first

Period Operating margin Change (points)
FY2025 −343.6% (401.83)
FY2024 58.2% 214.29
FY2023 −156.1% 338.15
FY2022 −494.2% (34.23)
FY2021 −460.0% (234.65)
FY2020 −225.4% 34,632.22
FY2019 −34,857.6% (34,720.90)
FY2018 −136.7% 52.21
FY2017 −188.9% (188.89)
FY2016 0.00% 0.00

Quarterly newest first

Period Operating margin Change (points)
Jun 2026 74.4% 80.84
Mar 2026 −6.47% 670.62
Dec 2025 −677.1% 308.08
Sep 2025 −985.2% (227.13)
40 more quarters

Against its own ten years

Low −34,857.6% High 58.2%
Ten-year median −188.9%
Current reading's percentile 81

Operating margin against peers

Company Operating margin
KRYS Krystal Biotech, Inc. compare 48.4%
PTGX Protagonist Therapeutics, Inc. 20.7%
TGTX TG Therapeutics, Inc. compare 17.1%
CAI Caris Life Sciences,�Inc. compare 13.4%
SYRE Spyre Therapeutics, Inc. compare 0.00%
MDGL Madrigal Pharmaceuticals, Inc. compare −10.7%
TWST Twist Bioscience Corporation compare −33.6%
IBRX ImmunityBio, Inc. compare −151.9%
CYTK Cytokinetics, Incorporated compare −625.2%
Biotechnology industry median 0.00%
Healthcare sector median 0.00%
Market median 0.00%

What Operating margin is

EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.

EBIT ÷ Revenue

The full definition of Operating margin →

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