Vericel Corporation

VCEL Healthcare Biotechnology

Vericel Corporation’s revenue for fiscal 2025 (year ended December 2025) was $276.3 million, up 16.5% from fiscal 2024.

Revenue
+26.5%
EPS
+180.0%
Free cash flow
−19.4%

Quarter to September 2026, against a year earlier

53.64 1.86 +3.59%
Market cap
$2.7B
P/E
77.8×
Fwd P/E
72.9×
Dividend yield
—
F-score
7/9
Altman Z
8.21
Beneish M
−2.53
Dividend safety
n/a

Vericel Corporation (VCEL) Gross margin

Alert me on Gross margin

Vericel Corporation's gross margin over the twelve months to 30 September 2026 was 74.5%, up 0.1 percentage points from fiscal 2025 (74.4%). Over the past ten years it has ranged from 48.0% (fiscal 2016) to 74.4% (fiscal 2025) — the current reading is the highest in ten years. That is above the Biotechnology industry median of 65.2% and above the Healthcare sector median of 53.9%.

Gross margin, annual

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Annual newest first

Period Gross margin Change (points)
FY2025 74.4% 1.87
FY2024 72.6% 3.91
FY2023 68.6% 1.84
FY2022 66.8% (1.08)
FY2021 67.9% 0.05
FY2020 67.8% (0.29)
FY2019 68.1% 3.52
FY2018 64.6% 12.08
FY2017 52.5% 4.57
FY2016 48.0% (0.32)

Quarterly newest first

Period Gross margin Change (points)
Sep 2026 73.3% 0.52
Jun 2026 72.8% 0.82
Mar 2026 72.0% (6.70)
Dec 2025 78.7% 5.24
43 more quarters

Against its own ten years

Low 48.0% High 74.4%
Ten-year median 67.8%
Current reading's percentile 95

Gross margin against peers

Company Gross margin
IMNM Immunome, Inc. compare 100.0%
CLDX Celldex Therapeutics, Inc. compare 100.0%
PVLA Palvella Therapeutics, Inc. compare 100.0%
AUPH Aurinia Pharmaceuticals Inc compare 90.6%
VCEL Vericel Corporation 74.5%
ADMA ADMA Biologics Inc compare 68.5%
VERA Vera Therapeutics, Inc. compare 0.00%
BHVN Biohaven Ltd. compare 0.00%
PHVS Pharvaris N.V. compare 0.00%
Biotechnology industry median 65.2%
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 →

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