EHang Holdings (EH) Gross Margin (2018 - 2025)
EHang Holdings (EH) recorded quarterly Gross Margin of 62.09% in Q4 2025, up 2.15% quarter-over-quarter from 60.78% in Q3 2025, and up 141.0% on a YoY basis from 25.76% in Q4 2024.
EHang Holdings (EH) Gross Margin (2018 - 2025) Analysis & Trends
EHang Holdings' Gross Margin history runs 8 years deep, the most recent figure standing at 62.09% for Q4 2025.
- In Q4 2025, Gross Margin rose 141.0% year-over-year to 62.09%; the TTM figure through Dec 2025 stood at 62.01% (up 64.0% YoY), while the FY2025 annual figure was 61.52%, up 15.0% from the prior year.
- Gross Margin was 62.09% for Q4 2025 at EHang Holdings, up from 60.78% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 67.94% in Q2 2021 to a low of 60.07% in Q4 2021.
- Historically, Gross Margin has averaged 63.1% across 5 years, with a median of 62.44% in 2022.
- The sharpest annual moves came in 2021 and 2023: Gross Margin jumped 1037 bps in 2021, then slumped 700 bps in 2023.
- A 5-year view of Gross Margin shows it stood at 60.07% in 2021, then grew by 10 bps to 66.09% in 2022, then retreated by 2 bps to 64.69% in 2023, then dropped by 6 bps to 60.68% in 2024, then gained by 2 bps to 62.09% in 2025.
- The last three Gross Margin figures came in at 62.09% (Q4 2025), 60.78% (Q3 2025), and 62.57% (Q2 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | DEFSEC Technologies | 5,320.77 Bn | 5,320.77 Bn | 456,459.43 | 29.53% |
| 2 | General Electric | 345.72 Bn | 334.98 Bn | 9.11 Bn | 73.52% |
| 3 | Rtx | 244.58 Bn | 239.48 Bn | 9.08 Bn | 41.11% |
| 4 | Boeing | 169.13 Bn | 148.22 Bn | 2.55 Bn | 11.46% |
| 5 | Lockheed Martin | 121.80 Bn | 119.90 Bn | 2.08 Bn | 11.53% |
| 6 | Howmet Aerospace | 102.93 Bn | 100.49 Bn | 854.00 Mn | 36.92% |
| 7 | General Dynamics | 93.39 Bn | 89.74 Bn | 9.09 Bn | 67.40% |
| 8 | Embraer | 87.17 Bn | 84.54 Bn | - | - |
| 9 | Northrop Grumman | 77.69 Bn | 75.60 Bn | 3.45 Bn | 34.90% |
| 10 | EHang Holdings | 138,857.34 | -154.98 Mn | 21.64 Mn | 62.09% |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 62.09% |
| Sep 30, 2025 | 60.78% |
| Jun 30, 2025 | 62.57% |
| Mar 31, 2025 | 62.46% |
| Dec 31, 2024 | 60.68% |
| Sep 30, 2024 | 61.20% |
| Jun 30, 2024 | 62.39% |
| Mar 31, 2024 | 61.87% |
| Dec 31, 2023 | 64.69% |
| Sep 30, 2023 | 64.58% |
| Jun 30, 2023 | 60.14% |
| Mar 31, 2023 | 63.93% |
| Dec 31, 2022 | 66.09% |
| Sep 30, 2022 | 65.92% |
| Jun 30, 2022 | 67.14% |
| Mar 31, 2022 | 62.43% |
| Dec 31, 2021 | 60.07% |
| Sep 30, 2021 | 61.78% |
| Jun 30, 2021 | 67.94% |
| Mar 31, 2021 | 63.22% |