EVgo (EVGOW) Gross Margin (2020 - 2026)
EVgo (EVGOW) recorded quarterly Gross Margin of 11.83% in Q1 2026, down 68.85% quarter-over-quarter from 37.97% in Q4 2025, and down 55.0% on a YoY basis from 26.29% in Q1 2025.
EVgo (EVGOW) Gross Margin (2020 - 2026) Analysis & Trends
EVgo's Gross Margin history runs 7 years deep, the most recent figure standing at 11.83% for Q1 2026.
- In Q1 2026, Gross Margin fell 55.0% year-over-year to 11.83%; the TTM figure through Mar 2026 stood at 20.18% (up 868.0% YoY), while the FY2025 annual figure was 21.03%, up 960.0% from the prior year.
- Gross Margin was 11.83% for Q1 2026 at EVgo, down from 37.97% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 37.97% in Q4 2025 to a low of 30.53% in Q3 2022.
- Historically, Gross Margin has averaged 6.19% across 5 years, with a median of 9.6% in 2024.
- Biggest YoY gain for Gross Margin was 11010 bps in 2022; the steepest drop was 378 bps in 2022.
- A 5-year view of Gross Margin shows it stood at 4.03% in 2022, then soared by 276 bps to 7.08% in 2023, then jumped by 104 bps to 14.46% in 2024, then soared by 163 bps to 37.97% in 2025, then sank by 69 bps to 11.83% in 2026.
- The last three Gross Margin figures came in at 11.83% (Q1 2026), 37.97% (Q4 2025), and 13.61% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Caseys General Stores | 28.23 Bn | 27.77 Bn | 1.01 Bn | 25.70% |
| 2 | Williams Sonoma | 25.94 Bn | 24.92 Bn | 1.10 Bn | 46.87% |
| 3 | Ulta Beauty | 21.42 Bn | 20.93 Bn | 1.48 Bn | 38.06% |
| 4 | Dick'S Sporting Goods | 18.30 Bn | 16.95 Bn | 1.77 Bn | 28.43% |
| 5 | Best Buy | 15.81 Bn | 14.06 Bn | 2.10 Bn | 23.52% |
| 6 | Tractor Supply | 15.78 Bn | 15.56 Bn | 1.30 Bn | 36.22% |
| 7 | NaaS Technology | 14.29 Bn | 14.27 Bn | - | - |
| 8 | Five Below | 10.51 Bn | 9.58 Bn | 696.98 Mn | 40.32% |
| 9 | Murphy USA | 10.28 Bn | 10.16 Bn | 3.98 Bn | 82.59% |
| 10 | EVgo | - | - | 12.96 Mn | 11.83% |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 | -114.13% |
| Sep 30, 2021 | -26.74% |
| Jun 30, 2021 | -35.00% |