Silk Road Medical Inc
NASDAQ:SILK
Gross Margin
Gross Margin shows how much money a company keeps from each dollar of sales after paying for the products it sells. It tells how profitable the company`s core business is before other expenses.
Gross Margin shows how much money a company keeps from each dollar of sales after paying for the products it sells. It tells how profitable the company`s core business is before other expenses.
Peer Comparison
| Country | Company | Market Cap |
Gross Margin |
||
|---|---|---|---|---|---|
| US |
|
Silk Road Medical Inc
NASDAQ:SILK
|
1.1B USD |
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|
| US |
M
|
Medline Inc
NASDAQ:MDLN
|
62.5B USD |
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|
|
| JP |
|
Hoya Corp
TSE:7741
|
9.3T JPY |
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|
|
| CH |
|
Alcon AG
SIX:ALC
|
31.8B CHF |
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|
|
| DK |
|
Coloplast A/S
CSE:COLO B
|
108.5B DKK |
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|
|
| US |
|
Align Technology Inc
NASDAQ:ALGN
|
13.7B USD |
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|
|
| UK |
|
ConvaTec Group PLC
LSE:CTEC
|
4.7B GBP |
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|
|
| CA |
|
Bausch + Lomb Corp
NYSE:BLCO
|
6.3B USD |
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|
|
| CN |
|
Shenzhen New Industries Biomedical Engineering Co Ltd
SZSE:300832
|
40.9B CNY |
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|
|
| CH |
|
Ypsomed Holding AG
SIX:YPSN
|
4.1B CHF |
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|
|
| JP |
A
|
Asahi Intecc Co Ltd
TSE:7747
|
790.8B JPY |
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|
Market Distribution
| Min | -24 813% |
| 30th Percentile | 28.9% |
| Median | 43% |
| 70th Percentile | 60.5% |
| Max | 10 905 714.3% |
Other Profitability Ratios
Silk Road Medical Inc
Glance View
In the often complex maze of the medical device industry, Silk Road Medical Inc. has carved a distinctive path by addressing a significant healthcare need—reducing the risks associated with carotid artery disease, a major cause of stroke. Founded with a vision of minimizing the invasiveness of medical procedures, this California-based company has innovated a novel approach known as Transcarotid Artery Revascularization (TCAR). Unlike traditional methods, TCAR allows physicians to directly access the carotid artery through a small incision at the neckline. By temporarily reversing blood flow, it prevents any dislodged plaque from traveling to the brain during the procedure. This surgery can be completed in a fraction of the time typically required, providing a crucial advantage in terms of patient safety and recovery. Silk Road Medical's business model thrives on the production and sale of the specialized instruments that enable this innovative procedure. The company generates revenue primarily through the sale of these proprietary devices, which are designed to be used in conjunction with TCAR surgeries conducted by trained vascular surgeons. Their product line, which includes devices like the ENROUTE Transcarotid Neuroprotection System and the ENROUTE Transcarotid Stent System, is at the heart of their financial success. By offering a solution that blends safety, efficacy, and hospital efficiency, Silk Road Medical not only meets a medical demand but also strategically positions itself in a niche market, capitalizing on the growing adoption of minimally invasive techniques across healthcare systems worldwide.
See Also
Gross Margin is calculated by dividing the Gross Profit by the Revenue.
The current Gross Margin for Silk Road Medical Inc is 74.3%, which is above its 3-year median of 72.5%.
Over the last 3 years, Silk Road Medical Inc’s Gross Margin has decreased from 74.6% to 74.3%. During this period, it reached a low of 71.4% on Sep 30, 2023 and a high of 75.2% on Sep 30, 2021.