GrowGeneration (GRWG) Gross Margin (2015 - 2026)
GrowGeneration (GRWG) posted Gross Margin of 25.37% for Q1 2026, up 5.24% on a QoQ basis from 24.11% in Q4 2025, and down 182.0% year-over-year from 30.94% in Q1 2025.
GrowGeneration (GRWG) Gross Margin (2015 - 2026) Analysis & Trends
GrowGeneration's Gross Margin history runs 12 years deep, the most recent figure standing at 25.37% for 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 was 25.37% for Q1 2026 at GrowGeneration, up from 24.11% in the prior quarter.
- Across five years, Gross Margin topped out at 29.07% in Q3 2023 and bottomed at 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 plunged 793 bps — and 2025, when it surged 774 bps.
- GrowGeneration's Gross Margin stood at 17.56% in 2022, then surged by 34 bps to 23.55% in 2023, then slumped by 30 bps to 16.37% in 2024, then soared by 47 bps to 24.11% in 2025, then grew by 5 bps to 25.37% in 2026.
- Business Quant data shows GRWG's Gross Margin at 25.37% in Q1 2026, 24.11% in Q4 2025, and 27.21% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Caseys General Stores | 32.43 Bn | 31.91 Bn | 1.08 Bn | 23.63% |
| 2 | NaaS Technology | 31.54 Bn | 31.54 Bn | - | - |
| 3 | Williams Sonoma | 28.17 Bn | 27.15 Bn | 1.10 Bn | 46.87% |
| 4 | Ulta Beauty | 23.05 Bn | 22.56 Bn | 1.48 Bn | 38.06% |
| 5 | Best Buy | 18.23 Bn | 16.48 Bn | 2.10 Bn | 23.52% |
| 6 | Dick'S Sporting Goods | 16.52 Bn | 15.17 Bn | 1.77 Bn | 28.43% |
| 7 | MINISO Group Holding | 15.94 Bn | 14.87 Bn | 414.86 Mn | 46.39% |
| 8 | Tractor Supply | 15.92 Bn | 15.70 Bn | 1.30 Bn | 36.22% |
| 9 | Five Below | 12.14 Bn | 11.21 Bn | 696.98 Mn | 40.32% |
| 10 | GrowGeneration | 87.13 Mn | 46.01 Mn | 9.74 Mn | 25.37% |
Historic Data
Download Data| Date | Value |
|---|---|
| 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% |
| Jun 30, 2021 | 28.37% |