Healthcare stocks with the highest profit margins

Ranked

317

of 876 healthcare stocks we cover

Median

1.2%

Highest

84.2%

ABUS

Range

−97.0% to 84.2%

#	Company	Net margin	Operating margin	Revenue growth (TTM)	Market cap
1	ABUSArbutus Biopharma, Drug Manufacturers - General	84.2%	82.0%	n/m	$831M
2	INVAInnoviva, Drug Manufacturers - General	81.2%	36.9%	+18.8%	$1.5B
3	AGENAgenus, Biotechnology	69.3%	27.3%	+30.5%	$285M
4	LGNDLigand Pharmaceuticals, Drug Manufacturers - General	67.9%	32.6%	+54.9%	$6.1B
5	LNSRLENSAR, Medical - Instruments & Supplies	57.6%	−13.5%	+3.3%	$74.6M
6	TGTXTG Therapeutics, Drug Manufacturers - General	55.2%	17.1%	+76.1%	$8.3B
7	KRYSKrystal Biotech, Biotechnology	54.8%	44.9%	+22.6%	$9.2B
8	ZVRAZevra Therapeutics, Drug Manufacturers - General	42.8%	60.5%	+119.4%	$582.6M
9	NRIXNurix Therapeutics, Drug Manufacturers - General	42.0%	41.3%	n/m	$2.8B
10	UTHRUnited Therapeutics, Biotechnology	41.6%	44.4%	+2.5%	$25.2B
11	CRMDCorMedix, Drug Manufacturers - General	40.5%	47.0%	+280.5%	$611.9M
12	EXELExelixis, Biotechnology	35.3%	39.9%	+9.2%	$16B
13	VRTXVertex Pharmaceuticals, Biotechnology	35.0%	38.0%	+10.2%	$132.8B
14	LLYEli Lilly and, Drug Manufacturers - General	33.5%	42.2%	+49.6%	$1.2T
15	ACADAcadia Pharmaceuticals, Drug Manufacturers - General	33.4%	7.6%	+11.8%	$3.4B
16	IRWDIronwood Pharmaceuticals, Drug Manufacturers - General	33.4%	60.1%	+26.2%	$571.7M
17	ADMAAdma Biologics, Biotechnology	33.0%	43.8%	+8.0%	$2.4B
18	RPRXRoyalty Pharma, Medical - Pharmaceuticals	32.1%	59.6%	+10.0%	$36.7B
19	LQDALiquidia, Drug Manufacturers - General	30.7%	37.4%	n/m	$3.8B
20	PTGXProtagonist Therapeutics, Drug Manufacturers - General	29.4%	20.7%	+34.8%	$9B
21	SBCSBC Medical, Medical - Care Facilities	28.0%	37.3%	−6.9%	$543M
22	REGNRegeneron Pharmaceuticals, Biotechnology	27.9%	24.7%	+9.3%	$82.9B
23	INCYIncyte, Biotechnology	27.7%	30.6%	+26.9%	$23.5B
24	ZTSZoetis, Drug Manufacturers - Specialty & Generic	27.5%	36.4%	+1.5%	$33.5B
25	RMDResMed, Medical - Instruments & Supplies	26.9%	33.4%	+9.9%	$36.5B
26	IRMDIradimed, Medical - Instruments & Supplies	26.7%	31.9%	+11.2%	$1.1B
27	INDVIndivior Pharmaceuticals, Drug Manufacturers - General	26.7%	31.6%	+13.5%	$4.1B
28	ISRGIntuitive Surgical, Medical - Instruments & Supplies	25.5%	28.4%	+20.5%	$159.8B
29	IDXXIDEXX Laboratories, Medical - Diagnostics & Research	25.0%	32.0%	+12.8%	$44.1B
30	LMATLemaitre Vascular, Medical - Instruments & Supplies	25.0%	29.5%	+11.8%	$1.9B
31	HALOHalozyme Therapeutics, Biotechnology	24.9%	35.9%	+41.2%	$14.3B
32	CDNACareDx, Medical - Diagnostics & Research	24.2%	23.6%	+34.4%	$3.6B
33	PLXProtalix BioTherapeutics, Biotechnology	23.5%	28.9%	+30.1%	$205.5M
34	AMGNAmgen, Drug Manufacturers - General	23.0%	30.0%	+9.1%	$237.5B
35	TMDXTransMedics, Medical - Devices	22.7%	12.2%	+25.8%	$2.5B
36	MTDMettler-Toledo International, Medical - Diagnostics & Research	21.9%	27.8%	+6.9%	$33.5B
37	NBIXNeurocrine Biosciences, Biotechnology	20.9%	23.6%	+34.4%	$14.5B
38	JAZZJazz Pharmaceuticals, Drug Manufacturers - General	20.4%	19.5%	+12.6%	$13.9B
39	VCYTVeracyte, Medical - Diagnostics & Research	20.4%	18.8%	+17.3%	$3.9B
40	DXCMDexCom, Medical - Devices	20.1%	22.9%	+15.5%	$29.4B
41	MGTXMeiraGTx, Biotechnology	19.9%	46.3%	n/m	$884.6M
42	AAgilent Technologies, Medical - Diagnostics & Research	19.5%	22.2%	+8.6%	$48.8B
43	HRMYHarmony Biosciences, Drug Manufacturers - General	18.9%	24.0%	+24.3%	$2.1B
44	BMYBristol-Myers Squibb, Drug Manufacturers - General	18.9%	23.8%	+3.1%	$125.6B
45	ILMNIllumina, Medical - Diagnostics & Research	18.4%	19.6%	+4.9%	$40.7B
46	LNTHLantheus, Medical - Diagnostics & Research	17.7%	19.4%	+2.3%	$6.5B
47	MEDPMedpace, Medical - Diagnostics & Research	17.7%	21.0%	+24.7%	$18.7B
48	PDEXPro DEX, Medical - Instruments & Supplies	17.6%	16.8%	+16.4%	$199.3M
49	BSXBoston Scientific, Medical - Devices	17.5%	19.8%	+13.5%	$66.2B
50	SOLVSolventum, Medical - Instruments & Supplies	17.3%	25.0%	−0.9%	$14.5B
51	GMEDGlobus Medical, Medical - Instruments & Supplies	17.0%	20.3%	+19.7%	$10.9B
52	WSTWest Pharmaceutical Services, Medical - Instruments & Supplies	17.0%	20.5%	+12.4%	$27.6B
53	ALNYAlnylam Pharmaceuticals, Biotechnology	16.8%	20.8%	+95.1%	$30B
54	MSAMSA Safety, Medical - Instruments & Supplies	16.1%	21.2%	+6.5%	$7B
55	DHRDanaher, Medical - Diagnostics & Research	15.9%	20.4%	+4.6%	$162B
56	SRTAStrata Critical Medical, Medical - Care Facilities	15.7%	−8.0%	+49.3%	$412.3M
57	PBHPrestige Consumer Healthcare, Drug Manufacturers - General	15.6%	26.3%	−1.4%	$2.3B
58	EWEdwards Lifesciences, Medical - Devices	15.4%	22.3%	+14.6%	$51.3B
59	ELMDElectromed, Medical - Devices	15.3%	18.8%	+15.3%	$220.6M
60	INSPInspire Medical Systems, Medical - Instruments & Supplies	15.0%	6.0%	+4.3%	$2.1B
61	TECHBIO-TECHNE, Biotechnology	15.0%	20.7%	−0.4%	$11.4B
62	TMOThermo Fisher Scientific, Medical - Diagnostics & Research	14.9%	17.9%	+8.3%	$249.1B
63	SYKStryker, Medical - Devices	14.4%	21.4%	+8.5%	$117.8B
64	BMIBadger Meter, Medical - Instruments & Supplies	14.3%	18.6%	−2.2%	$4.4B
65	MDTMedtronic, Medical - Devices	13.9%	18.1%	+9.8%	$122B
66	COOCooper Companies, Medical - Instruments & Supplies	13.5%	12.8%	+4.7%	$11.6B
67	SHCSotera Health, Medical - Care Facilities	13.4%	32.6%	+8.1%	$5.2B
68	STESTERIS, Medical - Specialties	13.3%	18.9%	+8.4%	$22.6B
69	LIVNLivaNova, Medical - Devices	12.8%	12.7%	+12.4%	$4.5B
70	PODDInsulet, Medical - Instruments & Supplies	12.3%	16.9%	+29.4%	$10.3B
71	PBYIPuma Biotechnology, Drug Manufacturers - General	11.6%	13.2%	−2.9%	$568.9M
72	UFPTUFP Technologies, Medical - Instruments & Supplies	11.4%	15.3%	+7.3%	$2.3B
73	VNTVontier, Medical - Instruments & Supplies	11.3%	18.8%	+0.9%	$4.6B
74	ANIPANI Pharmaceuticals, Drug Manufacturers - General	11.1%	15.4%	+30.9%	$1.7B
75	AMPHAmphastar Pharmaceuticals, Drug Manufacturers - General	10.8%	15.7%	+1.0%	$1.1B
76	ONCBeOne Medicines, Biotechnology	10.7%	15.1%	+34.3%	$42.9B
77	PENPenumbra, Medical - Instruments & Supplies	10.7%	12.4%	+17.6%	$12.8B
78	CAICaris Life Sciences, Medical - Diagnostics & Research	10.6%	15.5%	+85.4%	$9B
79	CHEChemed, Medical - Care Facilities	10.6%	13.5%	+3.3%	$6.7B
80	AVAHAveanna Healthcare, Medical - Care Facilities	10.6%	10.5%	+19.5%	$2.9B
81	THCTenet Healthcare, Medical - Care Facilities	10.3%	20.8%	+5.4%	$21.6B
82	EHCEncompass Health, Medical - Care Facilities	10.0%	18.0%	+9.5%	$12.2B
83	ALGNAlign Technology, Medical - Instruments & Supplies	10.0%	13.2%	+4.4%	$11B
84	ABBVAbbVie, Drug Manufacturers - General	9.8%	26.2%	+10.4%	$504.8B
85	KNSAKiniksa Pharmaceuticals International, Drug Manufacturers - General	9.6%	11.9%	+58.9%	$6B
86	BLLNBillionToOne, Medical - Diagnostics & Research	9.5%	10.9%	+90.1%	$5.1B
87	ZBHZimmer Biomet, Medical - Devices	9.5%	14.2%	+8.6%	$18.8B
88	BVSBioventus, Medical - Instruments & Supplies	9.4%	10.0%	+3.1%	$1.3B
89	GEHCGE HealthCare Technologies, Medical - Devices	9.3%	12.9%	+6.5%	$32.3B
90	MMSIMerit Medical Systems, Medical - Instruments & Supplies	9.2%	12.8%	+10.2%	$5.6B
91	DGXQuest Diagnostics, Medical - Diagnostics & Research	9.2%	14.1%	+9.1%	$26.7B
92	NHCNational Healthcare, Medical - Care Facilities	9.0%	9.3%	+6.9%	$3.7B
93	MDPediatrix Medical, Medical - Care Facilities	9.0%	11.0%	+0.5%	$2.4B
94	HCAHCA Healthcare, Medical - Care Facilities	8.8%	15.5%	+7.3%	$101.5B
95	CONConcentra Group Holdings Parent, Medical - Care Facilities	8.7%	16.4%	+14.0%	$5B
96	EMBCEmbecta, Medical - Instruments & Supplies	8.6%	21.9%	−7.6%	$380.2M
97	BIOBio-Rad Laboratories, Medical - Diagnostics & Research	8.6%	2.1%	+1.4%	$9.9B
98	UHSUniversal Health Services, Medical - Care Facilities	8.4%	11.4%	+10.0%	$11B
99	BIIBBiogen, Drug Manufacturers - General	8.3%	12.3%	+0.3%	$37B
100	RVTYRevvity, Medical - Diagnostics & Research	8.2%	12.3%	+4.1%	$17.7B

The first 100 of 317.

Not ranked: 172 with a margin moved by items that are not sales, 125 with not a meaningful number, 90 with a quarter missing, 34 with under $50M of revenue, 15 with no margin to measure. 123 companies whose data behind this number has a caveat are left out until it is checked.

A ranking of numbers, not a recommendation. A low multiple can be a bargain or a business in trouble: open the company to see which.