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) Operating margin

Alert me on Operating margin

United Therapeutics Corporation's operating margin over the twelve months to 30 September 2026 was 41.5%, down 5.4 percentage points from fiscal 2025 (46.9%). Over the past ten years it has ranged from −13.0% (fiscal 2019) to 66.4% (fiscal 2016); the current reading is higher than 36% of that period. That is above the Drug Manufacturers Specialty & Generic 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 46.9% (0.97)
FY2024 47.9% (3.05)
FY2023 50.9% 0.31
FY2022 50.6% 17.62
FY2021 33.0% (7.04)
FY2020 40.0% 52.97
FY2019 −13.0% (62.43)
FY2018 49.5% 2.25
FY2017 47.2% (19.18)
FY2016 66.4% 18.72

Quarterly newest first

Period Operating margin Change (points)
Sep 2026 37.0% (5.26)
Jun 2026 42.2% 0.54
Mar 2026 41.7% (3.45)
Dec 2025 45.1% (3.45)
43 more quarters

Against its own ten years

Low −13.0% High 66.4%
Ten-year median 47.7%
Current reading's percentile 26

Operating margin against peers

Company Operating margin
UTHR United Therapeutics Corporation 41.5%
ZTS Zoetis Inc. compare 37.1%
NBIX Neurocrine Biosciences, Inc. compare 24.0%
HLN Haleon PLC Sponsored ADR compare 17.9%
TAK Takeda Pharmaceutical Co. compare 11.6%
RDY Dr. Reddy's Laboratories Ltd compare 9.20%
TEVA Teva Pharmaceutical Industries Ltd. compare 7.84%
ELAN Elanco Animal Health Incorporated compare 1.61%
VTRS Viatris Inc. compare −0.03%
Drug Manufacturers Specialty & Generic 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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