United Therapeutics Corporation

UTHR Healthcare Drug Manufacturers Specialty & Generic

United Therapeutics Corporation’s revenue for fiscal 2025 (year ended December 2025) was $3.2 billion, up 10.6% from fiscal 2024.

Revenue
+4.13%
EPS
−21.7%
Free cash flow
−63.7%

Quarter to September 2026, against a year earlier

564.88 43.61 −7.17%
Market cap
$24.3B
P/E
19.7×
Fwd P/E
22.5×
Dividend yield
—
F-score
8/9
Altman Z
19.55
Beneish M
−2.26
Dividend safety
n/a

United Therapeutics Corporation (UTHR) Gross margin

Alert me on Gross margin

United Therapeutics Corporation's gross margin over the twelve months to 30 September 2026 was 86.3%, down 1.6 percentage points from fiscal 2025 (87.9%). Over the past ten years it has ranged from 87.8% (fiscal 2018) to 95.5% (fiscal 2016); the current reading is higher than 18% of that period. That is above the Drug Manufacturers Specialty & Generic industry median of 53.5% and above the Healthcare sector median of 53.9%.

Gross margin, annual

Embed this chart

Annual newest first

Period Gross margin Change (points)
FY2025 87.9% (1.32)
FY2024 89.2% 0.30
FY2023 88.9% (3.23)
FY2022 92.2% (0.56)
FY2021 92.7% 0.02
FY2020 92.7% 0.83
FY2019 91.9% 4.09
FY2018 87.8% (6.08)
FY2017 93.9% (1.58)
FY2016 95.5% 0.16

Quarterly newest first

Period Gross margin Change (points)
Sep 2026 88.1% 0.80
Jun 2026 87.3% 4.37
Mar 2026 82.9% (3.98)
Dec 2025 86.9% (0.47)
43 more quarters

Against its own ten years

Low 87.8% High 95.5%
Ten-year median 92.2%
Current reading's percentile 5

Gross margin against peers

Company Gross margin
NBIX Neurocrine Biosciences, Inc. compare 97.8%
UTHR United Therapeutics Corporation 86.3%
ZTS Zoetis Inc. compare 71.7%
TAK Takeda Pharmaceutical Co. compare 65.9%
HLN Haleon PLC Sponsored ADR compare 62.2%
ELAN Elanco Animal Health Incorporated compare 55.4%
TEVA Teva Pharmaceutical Industries Ltd. compare 53.5%
RDY Dr. Reddy's Laboratories Ltd compare 49.2%
VTRS Viatris Inc. compare 35.3%
Drug Manufacturers Specialty & Generic industry median 53.5%
Healthcare sector median 53.9%
Market median 45.1%

What Gross margin is

Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.

Gross Profit ÷ Revenue

The full definition of Gross margin →

More on UTHR