GrowGeneration (GRWG) Gross Margin (2015 - 2026)
GrowGeneration's (GRWG) quarterly Gross Margin came in at 25.37% in Q1 2026, down 182.0% YoY from 30.94% in Q1 2025, and up 5.24% on a QoQ basis from 24.11% in Q4 2025.
GrowGeneration (GRWG) Gross Margin (2015 - 2026) Analysis & Trends
GrowGeneration (GRWG) has 12 years of Gross Margin data on file, last reported at 25.37% in Q1 2026.
- Quarterly Gross Margin fell 182.0% year-over-year to 25.37% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 26.34% (up 310.0% YoY) and the FY2025 annual result came in at 26.76%, up 361.0% from the prior year.
- Gross Margin grew to 25.37% in Q1 2026, from 24.11% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 29.07% in Q3 2023 to a low of 16.37% in Q4 2024.
- A 5-year average of 25.29% and a median of 26.81% in 2023 frame the typical range for Gross Margin.
- Annual changes were most pronounced in 2022 — Gross Margin sank 793 bps — and 2025, when it surged 774 bps.
- Tracing GRWG's Gross Margin over 5 years: stood at 17.56% in 2022, then soared by 34 bps to 23.55% in 2023, then plunged by 30 bps to 16.37% in 2024, then jumped by 47 bps to 24.11% in 2025, then advanced by 5 bps to 25.37% in 2026.
- The last three Gross Margin figures came in at 25.37% (Q1 2026), 24.11% (Q4 2025), and 27.21% (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 | 30.90 Bn | 30.38 Bn | 1.08 Bn | 23.63% |
| 2 | Williams Sonoma | 28.73 Bn | 27.71 Bn | 1.10 Bn | 46.87% |
| 3 | Ulta Beauty | 23.02 Bn | 22.80 Bn | 1.27 Bn | 40.07% |
| 4 | Tractor Supply | 18.23 Bn | 18.00 Bn | 1.68 Bn | 37.05% |
| 5 | Best Buy | 18.16 Bn | 16.41 Bn | 2.10 Bn | 23.52% |
| 6 | Dick'S Sporting Goods | 16.08 Bn | 15.08 Bn | 1.68 Bn | 32.59% |
| 7 | Five Below | 13.65 Bn | 12.53 Bn | 478.64 Mn | 37.23% |
| 8 | Murphy USA | 10.40 Bn | 10.22 Bn | 746.50 Mn | 10.97% |
| 9 | Bath & Body Works | 4.03 Bn | 3.08 Bn | 1.24 Bn | 45.67% |
| 10 | GrowGeneration | 104.36 Mn | 63.35 Mn | 12.32 Mn | 28.51% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 28.51% |
| Mar 31, 2026 | 25.37% |
| Dec 31, 2025 | 24.11% |
| Sep 30, 2025 | 27.21% |
| Jun 30, 2025 | 28.30% |
| Mar 31, 2025 | 27.19% |
| Dec 31, 2024 | 16.37% |
| Sep 30, 2024 | 21.62% |
| Jun 30, 2024 | 26.94% |
| Mar 31, 2024 | 25.82% |
| Dec 31, 2023 | 23.55% |
| Sep 30, 2023 | 29.07% |
| Jun 30, 2023 | 26.81% |
| Mar 31, 2023 | 28.66% |
| Dec 31, 2022 | 17.56% |
| Sep 30, 2022 | 25.88% |
| Jun 30, 2022 | 28.45% |
| Mar 31, 2022 | 27.08% |
| Dec 31, 2021 | 25.49% |
| Sep 30, 2021 | 29.36% |