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) Operating margin

Alert me on Operating margin

Vericel Corporation's operating margin over the twelve months to 30 September 2026 was 8.32%, up 4.3 percentage points from fiscal 2025 (4.00%). Over the past ten years it has ranged from −35.4% (fiscal 2016) to 4.00% (fiscal 2025) — the current reading is the highest in ten years. 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 4.00% 2.10
FY2024 1.90% 5.17
FY2023 −3.27% 7.11
FY2022 −10.4% (5.35)
FY2021 −5.03% (6.94)
FY2020 1.91% 11.46
FY2019 −9.55% (5.25)
FY2018 −4.30% 19.14
FY2017 −23.4% 11.95
FY2016 −35.4% (2.81)

Quarterly newest first

Period Operating margin Change (points)
Sep 2026 14.3% 13.71
Jun 2026 0.56% 12.35
Mar 2026 −11.8% (35.91)
Dec 2025 24.1% 19.01
43 more quarters

Against its own ten years

Low −35.4% High 4.00%
Ten-year median −5.03%
Current reading's percentile 100

Operating margin against peers

Company Operating margin
ADMA ADMA Biologics Inc compare 46.5%
AUPH Aurinia Pharmaceuticals Inc compare 44.8%
VCEL Vericel Corporation 8.32%
IMNM Immunome, Inc. compare 0.00%
VERA Vera Therapeutics, Inc. compare 0.00%
BHVN Biohaven Ltd. compare 0.00%
PHVS Pharvaris N.V. compare 0.00%
PVLA Palvella Therapeutics, Inc. compare 0.00%
CLDX Celldex Therapeutics, Inc. compare −36,733.8%
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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