Moderna (MRNA) Margins & Profitability 2020-2026

Gross, EBITDA, operating, and net margin trends

Margins

Profit margins across the income statement

Gross Margin: -145.5%
EBITDA Margin: -342.4%
Op. Margin: -356.8%
Net Margin: -345.2%

Op. margin of -356.8% is up 615.4% YoY — cost efficiency is improving. Net margin at -345.2% and gross margin of -145.5% — earnings take a bigger bite when COGS stays lean..

Gross Margin (%)

Revenue left after direct cost of goods sold

EBITDA Margin (%)

Operating profitability independent of capital structure

Operating & Net Margins (%)

How much of each dollar becomes profit