MNKD Mannkind margins

Relative Growth: Rel. Growth: 42

Relative Strength: Rel. Strength: 34

Relative Valuation: Rel. Valuation: 16

Relative Profitability: Rel. Profitability: 26

Gross margin

75.4%

Operating margin

1.8%

EBITDA margin

5.5%

Net margin

-11.1%

Mannkind records its net margin is negative at -11.1%, with a gross margin of 75.4%, an operating margin of 1.8%, an EBITDA margin of 5.5%, and a net margin of -11.1%. Gross margin led the available margin improvements with a 0.5 percentage-point increase, while operating margin fell by 22.3 percentage points.

MNKD margin history

Gross, operating, EBITDA and net margin trends

Over the last 3 years, Mannkind recorded average margins of 73.31% gross, 16.15% operating, 19.19% EBITDA, and 3.15% net. Relative to the three-year averages, gross margin is above its three-year average and operating, EBITDA, and net margins are below their three-year averages.

MNKD margin expansion

Year-over-year margin changes in percentage points

The strongest improvement was in gross margin, which increased by 0.5 percentage points, whereas operating margin contracted by 22.3 percentage points, EBITDA margin by 20.7 percentage points, and net margin by 22 percentage points.

Gross margin expansion

0.5pp

Operating margin expansion

-22.3pp

EBITDA margin expansion

-20.7pp

Net margin expansion

-22pp

MNKD Gross margin

Mannkind recorded an average gross margin of 73.31% across the last 3 years. Mannkind currently reports a gross margin of 75.4%, 2.1 percentage points above its three-year average. Looking back over the last 3 years, Mannkind's gross margin reached 75.6% at its highest point in Mar 2026 and 68.5% at its lowest in Dec 2023.

MNKD Operating margin

The average operating margin for Mannkind was 16.15% across the past 3 years. Right now, the current operating margin for Mannkind is 1.8%, 14.4 percentage points below its three-year average. The operating margin for Mannkind moved between 1.8% in Jun 2026 and 26.3% in Mar 2025.

MNKD EBITDA margin

Across the last 3 years, Mannkind's EBITDA margin averaged 19.19%. The latest EBITDA margin for Mannkind is 5.5%, 13.7 percentage points below its three-year average. EBITDA margin was highest at 27.8% in Mar 2025 and lowest at 5.5% in Jun 2026.

MNKD Net margin

Across the last 3 years, Mannkind's net margin averaged 3.15%. The current net margin of -11.1% is 14.3 percentage points below its three-year average. Net margin was highest at 10.9% in Jun 2025 and lowest at -11.1% in Jun 2026.

MNKD margin group comparison

Margins compared with peer-group, industry and sector averages

With a gross margin of 75.4%, MNKD ranks higher than the Healthcare sector average but lower than the industry and its peers average. In comparison with the Healthcare sector average of 68.3%, Mannkind's gross margin is 10% higher.

MNKD margin peer comparison

Compare margins with selected peers

Frequently asked questions

What is Mannkind's gross margin?

For the period ending Jun 30, 2026, MNKD recorded a gross margin of 75.4%.

What is Mannkind's operating margin?

As of Jun 30, 2026, MNKD has an operating margin of 1.8%.

What is Mannkind's EBITDA margin?

As of Jun 30, 2026, MNKD has an EBITDA margin of 5.5%.

What is Mannkind's net margin?

For the period ending Jun 30, 2026, MNKD recorded a net margin of -11.1%.

What are the average margins of MNKD?

Looking back over 3 years, MNKD recorded average margins of 73.3% gross, 16.2% operating, 19.2% EBITDA, and 3.2% net.

What are the highest historical margins of MNKD?

Within the 5-year period, MNKD recorded its highest margins at 75.6% gross in Mar 2026, 26.3% operating in Mar 2025, 27.8% EBITDA in Mar 2025, and 10.9% net in Jun 2025.

What are the lowest historical margins of MNKD?

Over this 5-year history, Mannkind's margins fell as low as 30.7% gross in Sep 2022, -125.6% operating in Jun 2022, -108% EBITDA in Mar 2022, and -134.3% net in Mar 2022.