−11% from the high · +16% from the low
Balanced into a 16-day expiry: 0.89 puts per call by open interest, the most call OI sits at $540.00, the most put OI at $460.00, max pain $510.00.
UTHR options carry 42.7K contracts of open interest across 7 expiries, 88% of it in the Oct 16 contract, with 0.89 puts per call.
| Expiry | Call OI · on the day | Put OI · on the day | Puts per call | Share of OI % | Strikes |
|---|---|---|---|---|---|
| Oct 1616 days | 19K | 18.4K | 0.97 | 88 | 29 |
| Nov 2051 days | 1.28K | 823 | 0.64 | 4.9 | 57 |
| Jan 15107 days | 1.94K | 204 | 0.11 | 5.0 | 55 |
| Feb 19142 days | 153 | 379 | 2.48 | 1.2 | 45 |
| May 21233 days | 8 | 2 | 0.25 | 0.02 | 41 |
| Jan 21478 days | 237 | 289 | 1.22 | 1.2 | 57 |
| Jan 19842 days | 3 | 1 | 0.33 | 0.01 | 48 |
12% of open interest sits beyond the Oct 16 contract · 29 strikes listed for it · 42.7K contracts open in all
The Oct 16 contract holds 19K calls and 18.4K puts, the most call OI at $540.00 and the most put OI at $460.00; max pain $510.00, −5.9% from the close.
Revenue $783.3M, −1.9% on a year earlier; profit $333.0M, +7.6% in the Jun 2026 quarter, consolidated.
| Quarter | Revenue $ | Revenue YoY | Profit $ | Profit YoY | EPS $ | Market on the day |
|---|---|---|---|---|---|---|
| Jun 2026filed Aug 5 | $783.3M | ▼ −1.9% | $333.0M | ▲ +7.6% | 7.27 | ▲ +2.7%S&P 500 −0.2% · +2.8 pp |
| Mar 2026filed May 6 | $781.5M | ▼ −1.6% | $274.9M | ▼ −15% | 5.82 | ▼ −4.6%S&P 500 −0.3% · −4.3 pp |
| Dec 2025filed Feb 25 | $790.2M | ▲ +7.4% | $364.3M | ▲ +21% | 7.66 | —not reached |
| Sep 2025filed Oct 29 | $799.5M | ▲ +6.8% | $338.7M | ▲ +9.6% | 7.16 | —not reached |
| Jun 2025filed Aug 5 | $798.6M | ▲ +12% | $309.5M | ▲ +11% | 6.41 | ▲ +2.7%S&P 500 −0.2% · +2.8 pp |
| Mar 2025filed May 6 | $794.4M | ▲ +17% | $322.2M | ▲ +5.1% | 6.63 | ▼ −4.6%S&P 500 −0.3% · −4.3 pp |
| Dec 2024filed Feb 26 | $735.9M | ▲ +20% | $301.3M | ▲ +39% | 6.23 | —not reached |
| Sep 2024filed Oct 29 | $748.9M | ▲ +23% | $309.1M | ▲ +16% | 6.39 | —not reached |
| Year | Revenue $ | Revenue YoY | Profit $ | Profit YoY | EPS $ |
|---|---|---|---|---|---|
| FY25to Dec 2025 | $3.18B | ▲ +11% | $1.33B | ▲ +12% | 27.86 |
| FY24to Dec 2024 | $2.88B | ▲ +24% | $1.20B | ▲ +21% | 24.64 |
| FY23to Dec 2023 | $2.33B | ▲ +20% | $984.8M | ▲ +35% | 19.81 |
| FY22to Dec 2022 | $1.94B | ▲ +15% | $727.3M | ▲ +53% | 15.00 |
| FY21to Dec 2021 | $1.69B | ▲ +14% | $475.8M | — | 10.06 |
UTHR trades at 19 times trailing earnings against 20 for its industry, 3.6 times book value, revenue +2.5% over twelve months, market cap $23.24B.
| Stock | Market cap | P/E | P/B | Close $ |
|---|---|---|---|---|
| REGNRegeneron Pharmaceuticals Inc | $71.24Bon Sep 30 | 19consolidated | 2.3 | $758.27 |
| UTHRUnited Therapeutics Corp | $23.24Bon Sep 30 | 19consolidated | 3.6 | $541.89 |
| RPRXRoyalty Pharma plc Class A Ordinary Shares | $22.65Bon Sep 30 | 31consolidated | — | $58.36 |
| BMRNBioMarin Pharmaceuticals Inc | $11.61Bon Sep 30 | 150consolidated | 1.8 | $60.00 |
| LQDALiquidia Corporation Common Stock | $2.71Bon Sep 30 | 22consolidated | 14 | $30.26 |
| ANIPANI Pharmaceuticals, Inc. | $1.77Bon Sep 30 | 16consolidated | 3.0 | $72.65 |
| STOKStoke Therapeutics, Inc. Common Stock | $1.68Bon Sep 30 | — | 4.9 | $26.00 |
| MLTXMoonLake Immunotherapeutics Class A Ordinary Shares | $995.7Mon Sep 30 | — | 2.3 | $11.70 |
| JBIOJade Biosciences, Inc. Common Stock | $893.5Mon Sep 30 | 1.7consolidated | 2.0 | $14.05 |
| CLYMClimb Bio, Inc. Common Stock | $658.8Mon Sep 30 | — | 2.8 | $11.47 |
13F managers hold 190% of shares, BlackRock, Inc. the largest at 25%, Avoro Capital Advisors LLC 13% and VANGUARD PORTFOLIO MANAGEMENT LLC 8.9%, as filed for the quarter to Jun 2026.
| Manager | Shares | Of outstanding | Value | Change on quarter |
|---|---|---|---|---|
| BlackRock, Inc. | 10.6M | 25% | $5.74B | −210K |
| Avoro Capital Advisors LLC | 5.56M | 13% | $3.01B | +296K |
| VANGUARD PORTFOLIO MANAGEMENT LLC | 3.84M | 8.9% | $2.08B | −169K |
| VANGUARD CAPITAL MANAGEMENT LLC | 3.84M | 8.9% | $2.08B | −78.6K |
| STATE STREET CORP | 3.8M | 8.8% | $2.06B | +108K |
| RENAISSANCE TECHNOLOGIES LLC | 3.42M | 8.0% | $1.85B | −157K |
| WELLINGTON MANAGEMENT GROUP LLP | 2.76M | 6.4% | $1.49B | −1.77M |
| GEODE CAPITAL MANAGEMENT, LLC | 1.99M | 4.7% | $1.08B | −473K |
| Jupiter Topco LLC | 1.66M | 3.9% | $900.3M | — |
| NORGES BANK | 1.39M | 3.2% | $752.9M | — |
No open-market insider buying or selling in the last 90 days.
| Insider | Trade | Shares | Price | Held after |
|---|---|---|---|---|
| ROTHBLATT MARTINE ADirector,Officer | sold · Jun 29, 2026 | 80 | $541.86 | 49,453 |
| ROTHBLATT MARTINE ADirector,Officer | sold · Jun 29, 2026 | 1,594 | $544.40 | 47,274 |
| ROTHBLATT MARTINE ADirector,Officer | sold · Jun 29, 2026 | 2,165 | $545.30 | 45,109 |
| ROTHBLATT MARTINE ADirector,Officer | sold · Jun 29, 2026 | 1,705 | $546.28 | 43,404 |
| ROTHBLATT MARTINE ADirector,Officer | sold · Jun 29, 2026 | 759 | $547.12 | 42,645 |
| ROTHBLATT MARTINE ADirector,Officer | exercised · Jun 29, 2026 | 9,500 | $135.42 | 50,013 |
| ROTHBLATT MARTINE ADirector,Officer | sold · Jun 29, 2026 | 120 | $539.98 | 49,893 |
| ROTHBLATT MARTINE ADirector,Officer | sold · Jun 29, 2026 | 360 | $541.24 | 49,533 |
| ROTHBLATT MARTINE ADirector,Officer | sold · Jun 29, 2026 | 585 | $543.37 | 48,868 |
| ROTHBLATT MARTINE ADirector,Officer | sold · Jun 29, 2026 | 1,702 | $548.29 | 40,943 |
No corporate action on record for UTHR yet.
UTHR is +5.7% over 20 sessions against the S&P 500's +0.1%, 11% below its 52-week high, realised volatility 50% annualised.
| Window | From $ | UTHR % | S&P 500 % | Difference pp |
|---|---|---|---|---|
| 120 sessionssince Apr 9 | $574.77 | ▼ −5.7% | ▲ +12% | −18 |
| 60 sessionssince Jul 7 | $563.71 | ▼ −3.9% | ▲ +2.0% | −5.9 |
| 20 sessionssince Sep 1 | $512.72 | ▲ +5.7% | ▲ +0.11% | +5.6 |
| 5 sessionssince Sep 23 | $489.42 | ▲ +11% | ▼ −0.67% | +11 |
| 1 sessionsince Sep 29 | $481.47 | ▲ +13% | ▼ −0.21% | +13 |
Short sales were 69% of reported volume on Sep 30, 2026, against 56% over the last 25 sessions.
| Session | Short volume | Reported volume | Short share |
|---|---|---|---|
| Sep 30, 2026 | 1.08M | 1.56M | 69.1% |
| Sep 29, 2026 | 112K | 183K | 61.3% |
| Sep 28, 2026 | 164K | 273K | 60.1% |
| Sep 25, 2026 | 129K | 195K | 66.4% |
| Sep 24, 2026 | 139K | 200K | 69.9% |
| Sep 23, 2026 | 90.6K | 133K | 68.2% |
| Sep 22, 2026 | 98.8K | 147K | 67.3% |
| Sep 21, 2026 | 98.1K | 135K | 72.5% |
| Sep 18, 2026 | 85.4K | 159K | 53.6% |
| Sep 17, 2026 | 106K | 200K | 52.8% |
| Filed | Form | Report date |
|---|---|---|
| Sep 30, 2026 | 4 | Sep 29, 2026 |
| Sep 29, 2026 | 4 | Sep 28, 2026 |
| Sep 28, 2026 | 4 | Sep 25, 2026 |
| Sep 25, 2026 | 4 | Sep 24, 2026 |
| Sep 24, 2026 | 4 | Sep 23, 2026 |
| Sep 23, 2026 | 4 | Sep 22, 2026 |
| Sep 22, 2026 | 4 | Sep 21, 2026 |
| Sep 21, 2026 | 4 | Sep 18, 2026 |
| Sep 18, 2026 | 4 | Sep 17, 2026 |
| Sep 18, 2026 | 4 | Sep 17, 2026 |
| Sep 17, 2026 | 144 | — |
| Sep 17, 2026 | 4 | Sep 16, 2026 |
| Sep 16, 2026 | 4 | Sep 15, 2026 |
| Sep 15, 2026 | 4 | Sep 14, 2026 |
| Sep 15, 2026 | 4 | Sep 14, 2026 |
| Sep 14, 2026 | 144 | — |
| Sep 14, 2026 | 4 | Sep 11, 2026 |
| Sep 11, 2026 | 4 | Sep 10, 2026 |
| Sep 10, 2026 | 4 | Sep 9, 2026 |
| Sep 9, 2026 | 4 | Sep 8, 2026 |
| Sep 8, 2026 | 4 | Sep 4, 2026 |
| Sep 8, 2026 | 8-K | Sep 8, 2026 |
| Sep 4, 2026 | 4 | Sep 3, 2026 |
| Sep 3, 2026 | 144 | — |
| Sep 3, 2026 | 4 | Sep 3, 2026 |
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