Company / Operating Margin
Zai Lab Ltd Operating Margin History
FY2020-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Operating Margin
-49.9%
FY2025
5-year range
-1564.9% / -49.9%
FY2021-FY2025
Trend
+29.5%
vs FY2024
Sector context
#79 of 136
Health Care
What the data says
At -49.9%, Zai Lab Ltd's operating margin ranks #79 of 136 in the Health Care sector. Operating Margin has increased for 5 consecutive years, from -109897.7% in FY2020 to -49.9% in FY2025.
Based on SEC 10-K filings.
-49.9% in FY2025 with a 5-year CAGR of +109847.8%.
Improved from -137.4% to -49.9% over the past 2 years.
Health Care sector context is included.
Operating Margin over time
Growth rates
- 3-Year Change
- +566.6pp
- 5-Year Change
- +109847.8pp
- 10-Year Change
- -
Sector benchmark
#79 of 136 in Health CareTop 58% of 136This company -49.9% Sector average -778.9%
▼
+93.6% above sector average
Key checks
Key Insights
- Zai Lab Ltd's operating margin has grown for 5 consecutive years.
- In FY2025, operating margin increased 29.5% year-over-year.
- Currently 729.1pp above the Health Care sector average.
- Lowest operating margin in the period was in FY2020.
Company context
Key Data Points
- Altman Z-Score -1.09 (distress zone, below 1.8 threshold)
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | Operating MarginValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | -49.9% | +29.5% |
| FY2024 | -70.7% | +48.6% |
| FY2023 | -137.4% | +77.7% |
| FY2022 | -616.5% | +60.6% |
| FY2021 | -1564.9% | +98.6% |
| FY2020 | -109897.7% | - |
| FY2019 | - | - |
| FY2018 | - | - |
As of FY2025 · SEC 10-K · Updated Jun 30, 2026