Who Generates Higher Gross Profit? United Therapeutics Corporation or Veracyte, Inc.

Biotech Giants: A Decade of Gross Profit Growth

__timestampUnited Therapeutics CorporationVeracyte, Inc.
Wednesday, January 1, 2014116263600021584000
Thursday, January 1, 2015139672500028006000
Friday, January 1, 2016152610000039623000
Sunday, January 1, 2017161960000043758000
Monday, January 1, 2018142910000058930000
Tuesday, January 1, 2019133120000083845000
Wednesday, January 1, 2020137520000076028000
Friday, January 1, 20211563000000145114000
Saturday, January 1, 20221789600000194954000
Sunday, January 1, 20232070000000248148000
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Unlocking the unknown

A Tale of Two Companies: Gross Profit Analysis

In the competitive landscape of biotechnology, United Therapeutics Corporation and Veracyte, Inc. have shown distinct trajectories in their gross profit generation from 2014 to 2023. United Therapeutics, a leader in the field, consistently outperformed Veracyte, with its gross profit growing by approximately 78% over the decade. In 2023, United Therapeutics reached a peak gross profit of $2.07 billion, marking a significant milestone. In contrast, Veracyte, while showing growth, achieved a gross profit of $248 million in the same year, reflecting a tenfold increase since 2014. This stark difference highlights United Therapeutics' robust market position and strategic advancements. As the biotech industry evolves, these figures underscore the importance of innovation and strategic planning in driving financial success. Investors and industry watchers should keep a keen eye on these trends as they reflect broader market dynamics.

Published by
U.S. Securities and Exchange Commission

Source link
sec.gov

Date published
17 Jan 2025