Trupanion profit margin TRUP
Gross, operating and net profit as a share of revenue over the last twelve months, from 2013.
- Net margin, 12 months
- 1.5%
- Operating margin, 12 months
- 1.6%
- Net margin on a year earlier
- +0.7 pts
- Peer median
- 3.0%
Over the twelve months to Jun 30, 2026, Trupanion kept 1.5% of its revenue as net profit, with an operating margin of 1.6% and a gross margin of 16.6%.
Five years earlier its net margin was −4.7%.
The median for 10 healthcare stocks of a similar size is 3.0%.
Profit margin over time
Fiscal year by fiscal year
| Fiscal year | Net margin | Operating margin | Gross margin |
|---|---|---|---|
| FY2025 | 1.4% | 1.0% | 16.1% |
| FY2024 | −0.7% | −0.7% | 13.9% |
| FY2023 | −4.0% | −3.7% | 11.8% |
| FY2022 | −4.9% | −4.8% | 13.5% |
| FY2021 | −5.1% | −5.0% | 14.9% |
| FY2020 | −1.2% | −1.0% | 16.3% |
| FY2019 | −0.5% | −0.5% | 16.9% |
| FY2018 | −0.3% | −0.3% | 16.9% |
| FY2017 | −0.6% | −1.1% | 17.7% |
| FY2016 | −3.7% | −3.6% | 17.7% |
| FY2015 | −11.7% | −11.4% | 17.2% |
| FY2014 | −18.3% | −13.8% | 17.1% |
| FY2013 | −9.8% | −8.3% | 18.7% |
Quarter by quarter
| Quarter | Ended | Net margin, 12 months | Change on a year | Operating margin |
|---|---|---|---|---|
| Q2 FY26 | 1.5% | +0.7 pts | 1.6% | |
| Q1 FY26 | 1.7% | +2.1 pts | 1.4% | |
| Q4 FY25 | 1.4% | +2.1 pts | 1.0% | |
| Q3 FY25 | 1.1% | +2.2 pts | 0.5% | |
| Q2 FY25 | 0.8% | +2.4 pts | 0.2% | |
| Q1 FY25 | −0.3% | +2.0 pts | −0.4% | |
| Q4 FY24 | −0.7% | +3.3 pts | −0.7% | |
| Q3 FY24 | −1.1% | +3.8 pts | −0.8% | |
| Q2 FY24 | −1.6% | +4.5 pts | −1.2% | |
| Q1 FY24 | −2.3% | +4.0 pts | −1.9% | |
| Q4 FY23 | −4.0% | +0.9 pts | −3.7% | |
| Q3 FY23 | −4.9% | +0.1 pts | −4.7% |
Against its peers
Companies in Healthcare nearest Trupanion's size, closest first, today.
| Company | Profit margin |
|---|---|
| TRUPTrupanion | 1.5% |
| CDRECadre | 5.3% |
| BVSBioventus | 9.4% |
| USPHU S Physical Therapy | 4.0% |
| OMEROmeros | n/m |
| HLFHerbalife | 3.2% |
| OMDAOmada Health | 1.4% |
| PCRXPacira BioSciences | 2.0% |
| ANABAnaptysbio | n/m |
| STAAStaar Surgical | 1.1% |
| PNTGPennant | 2.9% |
| Peer median | 3.0% |
Where Trupanion ranks
What the profit margin tells you
Profit as a share of revenue at three levels: gross (after making the product), operating (after running the business) and net (after everything, including tax and interest).
Compare within an industry. 10% is superb for a retailer and poor for a software company.
More on Trupanion
Valuation data, not investment advice. Prices as of . Reported figures come from the company's filings with the SEC.