EVgo (EVGO) Gross Margin (2020 - 2026)
EVgo's Gross Margin came in at 8.88% for Q2 2026, down 5.30 percentage points from 14.19% a year earlier and down 2.95 percentage points from the prior quarter.
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Analysis
EVgo (EVGO) Gross Margin (2020 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, EVgo reported Gross Margin of 19.32%, up 6.56 percentage points year-over-year; for FY2025, it came in at 21.03%, up 9.60 percentage points from FY2024.
- Gross Margin has increased in each of the last five years, with a five-year change of +94.58 percentage points (FY2020 to FY2025).
- Going back by year, Gross Margin was 11.43% in FY2024 (+5.40 pp), 6.04% in FY2023 (+16.39 pp), -10.35% in FY2022 (+20.39 pp) and -30.75% in FY2021 (+42.81 pp).
- The Q2 2026 figure represents the lowest quarterly Gross Margin since Q4 2023.
- Year-over-year, Gross Margin increased in five of the last eight quarters, with an average year-over-year change of +5.19 percentage points.
- The fastest year-over-year change in Gross Margin over five years came in Q3 2021 (a gain of 44.56 percentage points), and the weakest in Q2 2026 (a drop of 5.30 percentage points).
- Business Quant data shows EVGO's Gross Margin at 11.83% (Q1 2026), 37.97% (Q4 2025) and 13.61% (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | GE Vernova | 256.40 Bn | 217.48 Bn | 2.36 Bn | 21.25% |
| 2 | Bloom Energy | 85.45 Bn | 77.27 Bn | 355.57 Mn | 33.38% |
| 3 | First Solar | 19.01 Bn | 9.97 Bn | 605.00 Mn | 57.28% |
| 4 | BWX Technologies | 12.64 Bn | 10.94 Bn | 202.31 Mn | 22.44% |
| 5 | Generac Holdings | 12.53 Bn | 11.36 Bn | 521.81 Mn | 44.47% |
| 6 | Nextpower | 12.03 Bn | 7.92 Bn | 335.85 Mn | 35.91% |
| 7 | EnerSys | 6.62 Bn | 4.81 Bn | 313.36 Mn | 33.49% |
| 8 | Enphase Energy | 4.21 Bn | -653.40 Mn | 175.01 Mn | 59.97% |
| 9 | Mirion Technologies | 3.51 Bn | 1.39 Bn | 133.10 Mn | 49.89% |
| 10 | EVgo | 418.31 Mn | 171.77 Mn | 7.34 Mn | 8.88% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 8.88% |
| Mar 31, 2026 | 11.83% |
| Dec 31, 2025 | 37.97% |
| Sep 30, 2025 | 13.61% |
| Jun 30, 2025 | 14.19% |
| Mar 31, 2025 | 12.38% |
| Dec 31, 2024 | 14.46% |
| Sep 30, 2024 | 9.43% |
| Jun 30, 2024 | 9.60% |
| Mar 31, 2024 | 12.40% |
| Dec 31, 2023 | 7.08% |
| Sep 30, 2023 | 1.72% |
| Jun 30, 2023 | 10.94% |
| Mar 31, 2023 | 0.16% |
| Dec 31, 2022 | -4.03% |
| Sep 30, 2022 | -30.53% |
| Jun 30, 2022 | -8.20% |
| Mar 31, 2022 | -7.79% |
| Dec 31, 2021 | -25.65% |
| Sep 30, 2021 | -26.74% |
API Access
EVgo Gross Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=gross-margin&ticker=EVGO&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "ticker": "EVGO", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=gross-margin&ticker=EVGO&period=max&api_key=YOUR_API_KEY");
const data = await res.json();