Cango (CANG) Gross Margin (2017 - 2025)
Cango (CANG) posted quarterly Gross Margin of 13.47% for Q4 2025, down 412.0% year-over-year from 4.32% in Q4 2024, and down 53.63% quarter-over-quarter from 29.05% in Q3 2025.
Cango (CANG) Gross Margin (2017 - 2025) Analysis & Trends
Cango's Gross Margin history runs 9 years deep, the most recent figure standing at 13.47% for Q4 2025.
- In Q4 2025, Gross Margin fell 412.0% year-over-year to 13.47%; the TTM figure through Dec 2025 stood at 18.29% (down 345.0% YoY), while the FY2025 annual figure was 21.04%, down 606.0% from the prior year.
- Gross Margin for Q4 2025 stood at 13.47%, down from 29.05% in the prior quarter.
- The five-year high for Gross Margin was 54.89% in Q1 2024, with the low at 1.1% in Q4 2022.
- The 5-year median for Gross Margin is 14.36% (2023), against an average of 18.44%.
- The sharpest annual moves came in 2024 and 2025: Gross Margin jumped 4345 bps in 2024, then plunged 4552 bps in 2025.
- Cango's Gross Margin stood at 16.17% in 2021, then tumbled by 93 bps to 1.1% in 2022, then surged by 1247 bps to 14.86% in 2023, then climbed by 18 bps to 17.59% in 2024, then fell by 23 bps to 13.47% in 2025.
- Business Quant data shows CANG's Gross Margin at 13.47% in Q4 2025, 29.05% in Q3 2025, and 16.46% in Q2 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Morgan Stanley | 338.83 Bn | 205.30 Bn | - | - |
| 2 | Goldman Sachs | 316.34 Bn | -660.01 Bn | - | - |
| 3 | Schwab Charles | 220.55 Bn | 135.80 Bn | - | - |
| 4 | Futu Holdings | 121.48 Bn | 105.59 Bn | 733.58 Mn | 206.12% |
| 5 | Robinhood Markets | 84.07 Bn | 66.74 Bn | 1.20 Bn | 92.05% |
| 6 | Iren | 68.17 Bn | 65.95 Bn | 104.86 Mn | 72.42% |
| 7 | ATIF Holdings | 45.42 Bn | 45.42 Bn | - | - |
| 8 | Interactive Brokers | 39.54 Bn | -3.28 Bn | - | - |
| 9 | LPL Financial Holdings | 28.27 Bn | 25.57 Bn | - | - |
| 10 | Cango | 23.23 Mn | -18.01 Mn | 24.17 Mn | 13.47% |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 13.47% |
| Sep 30, 2025 | 29.05% |
| Jun 30, 2025 | 16.46% |
| Mar 31, 2025 | 9.37% |
| Dec 31, 2024 | 17.59% |
| Sep 30, 2024 | 13.70% |
| Jun 30, 2024 | 41.32% |
| Mar 31, 2024 | 54.89% |
| Dec 31, 2023 | 14.86% |
| Sep 30, 2023 | 13.86% |
| Jun 30, 2023 | 8.82% |
| Mar 31, 2023 | 11.44% |
| Dec 31, 2022 | 1.10% |
| Sep 30, 2022 | 6.66% |
| Jun 30, 2022 | 5.72% |
| Mar 31, 2022 | 12.79% |
| Dec 31, 2021 | 16.17% |
| Sep 30, 2021 | 23.75% |
| Jun 30, 2021 | 26.30% |
| Mar 31, 2021 | 31.57% |