GrowGeneration (GRWG) Gross Margin (2015 - 2026)
GrowGeneration (GRWG) reported Gross Margin of 25.37% for Q1 2026, down 182.0% on a YoY basis from 30.94% in Q1 2025, and up 5.24% quarter-over-quarter from 24.11% in Q4 2025.
GrowGeneration (GRWG) Gross Margin (2015 - 2026) Analysis & Trends
GrowGeneration has reported Gross Margin for 12 years, with the latest figure at 25.37% in Q1 2026.
- For the quarter ending Q1 2026, Gross Margin fell 182.0% year-over-year to 25.37%; the trailing twelve-month figure through Mar 2026 stood at 26.34% (up 310.0% YoY), and the FY2025 full-year result was 26.76%, up 361.0% from the prior year.
- Gross Margin for Q1 2026 stood at 25.37%, up from 24.11% in the prior quarter.
- The five-year high for Gross Margin was 29.07% in Q3 2023, with the low at 16.37% in Q4 2024.
- Historically, Gross Margin has averaged 25.29% across 5 years, with a median of 26.81% in 2023.
- Annual changes were most pronounced in 2022 — Gross Margin sank 793 bps — and 2025, when it surged 774 bps.
- GrowGeneration's Gross Margin 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 | 27.84 Bn | 27.38 Bn | 1.01 Bn | 25.70% |
| 2 | Williams Sonoma | 24.59 Bn | 23.57 Bn | 1.10 Bn | 46.87% |
| 3 | Ulta Beauty | 20.75 Bn | 20.25 Bn | 1.48 Bn | 38.06% |
| 4 | Dick'S Sporting Goods | 17.81 Bn | 16.45 Bn | 1.77 Bn | 28.43% |
| 5 | Tractor Supply | 15.90 Bn | 15.67 Bn | 1.30 Bn | 36.22% |
| 6 | Best Buy | 15.61 Bn | 13.87 Bn | 2.10 Bn | 23.52% |
| 7 | NaaS Technology | 14.72 Bn | 14.70 Bn | - | - |
| 8 | Five Below | 10.27 Bn | 9.34 Bn | 696.98 Mn | 40.32% |
| 9 | Murphy USA | 10.20 Bn | 10.08 Bn | 3.98 Bn | 82.59% |
| 10 | GrowGeneration | 96.15 Mn | 55.03 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% |