Tarsus Pharmaceuticals, Inc.

TARS Healthcare Biotechnology

Tarsus Pharmaceuticals, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $451.4 million, up 146.7% from fiscal 2024.

Revenue
+63.9%
EPS
−4,699.1%
Free cash flow
−144.1%
Total debt
+0.90%

Quarter to September 2026, against a year earlier

67.52 0.00 0.00%
Market cap
$3.3B
P/E
0.0×
Fwd P/E
−10.6×
Dividend yield
—
F-score
5/9
Altman Z
9.54
Beneish M
−1.78
Dividend safety
n/a

Tarsus Pharmaceuticals, Inc. (TARS) Operating margin

Alert me on Operating margin

Tarsus Pharmaceuticals, Inc.'s operating margin over the twelve months to 30 September 2026 was −102.0%, down 86.3 percentage points from fiscal 2025 (−15.7%). Over the past ten years it has ranged from −820.5% (fiscal 2023) to 0.00% (fiscal 2020); the current reading is higher than 63% of that period. That is below the Biotechnology industry median of 0.00% and below the Healthcare sector median of 0.00%.

Operating margin, annual

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Annual newest first

Period Operating margin Change (points)
FY2025 −15.7% 50.18
FY2024 −65.9% 754.63
FY2023 −820.5% (577.61)
FY2022 −242.9% (221.60)
FY2021 −21.3% (21.32)
FY2020 0.00% 0.00
FY2019 0.00% 0.00
FY2018 0.00% —

Quarterly newest first

Period Operating margin Change (points)
Sep 2026 −340.3% (328.84)
Jun 2026 −11.5% (7.67)
Mar 2026 −3.78% 1.48
Dec 2025 −5.26% 6.98
24 more quarters

Against its own ten years

Low −820.5% High 0.00%
Ten-year median −18.5%
Current reading's percentile 56

Operating margin against peers

Company Operating margin
ACAD ACADIA Pharmaceuticals Inc. compare 10.2%
ELVN Enliven Therapeutics, Inc. compare 0.00%
DYN Dyne Therapeutics, Inc. compare 0.00%
CELC Celcuity, Inc. compare 0.00%
VKTX Viking Therapeutics, Inc. compare 0.00%
TARS Tarsus Pharmaceuticals, Inc. −102.0%
VRDN Viridian Therapeutics, Inc. compare −1,781.4%
DNLI Denali Therapeutics Inc. compare −2,349.0%
TLX Telix Pharmaceuticals Limited compare —
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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