Borealis Foods (BRLS) Gross Margin (2023 - 2025)
Borealis Foods' (BRLS) quarterly Gross Margin came in at 14.65% in Q3 2025, down 112.0% year-on-year from 122.07% in Q3 2024, and up 104.5% quarter-over-quarter from 7.16% in Q2 2025.
Borealis Foods (BRLS) Gross Margin (2023 - 2025) Analysis & Trends
Borealis Foods' Gross Margin history runs 3 years deep, the most recent figure standing at 14.65% for Q3 2025.
- On a quarterly basis, Gross Margin fell 112.0% year-over-year to 14.65% in Q3 2025; TTM through Sep 2025 was 9.7%, a 65.0% increase from a year earlier, with the FY2024 full-year figure at 7.91%, up 1226.0% from the prior year.
- Gross Margin improved to 14.65% in Q3 2025 per BRLS's latest filing, from 7.16% in the prior quarter.
- Across five years, Gross Margin topped out at 15.77% in Q3 2024 and bottomed at 15.22% in Q2 2023.
- The 3-year median for Gross Margin is 7.16% (2025), against an average of 4.44%.
- Biggest YoY gain for Gross Margin was 2293 bps in 2024; the steepest drop was 538 bps in 2024.
- Year by year, Gross Margin stood at 9.1% in 2023, then slumped by 59 bps to 3.72% in 2024, then jumped by 294 bps to 14.65% in 2025.
- Per Business Quant, the three latest BRLS Gross Margin figures stand at 14.65% (Q3 2025), 7.16% (Q2 2025), and 13.14% (Q1 2025).
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Kraft Heinz | 30.05 Bn | 26.07 Bn | 2.22 Bn | 36.70% |
| 2 | General Mills | 19.11 Bn | 18.67 Bn | 1.60 Bn | 34.79% |
| 3 | Hormel Foods | 13.78 Bn | 12.93 Bn | 518.51 Mn | 17.44% |
| 4 | Mccormick | 13.51 Bn | 13.76 Bn | 778.20 Mn | 40.18% |
| 5 | Magnum Ice Cream | 10.87 Bn | 10.35 Bn | - | - |
| 6 | Smithfield Foods | 10.26 Bn | 8.88 Bn | 511.00 Mn | 13.45% |
| 7 | Darling Ingredients | 10.06 Bn | 10.02 Bn | 404.92 Mn | 26.11% |
| 8 | Conagra Brands | 6.88 Bn | 6.66 Bn | 704.10 Mn | 24.43% |
| 9 | Lamb Weston Holdings | 6.84 Bn | 6.78 Bn | 361.40 Mn | 20.42% |
| 10 | Borealis Foods | 18.67 Mn | 18.61 Mn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Sep 30, 2025 | 14.65% |
| Jun 30, 2025 | 7.16% |
| Mar 31, 2025 | 13.14% |
| Dec 31, 2024 | 3.72% |
| Sep 30, 2024 | 15.77% |
| Jun 30, 2024 | 7.71% |
| Mar 31, 2024 | 3.07% |
| Dec 31, 2023 | 9.10% |
| Sep 30, 2023 | -6.17% |
| Jun 30, 2023 | -15.22% |
| Mar 31, 2023 | -4.12% |