GrowGeneration (GRWG) Operating Margin (2015 - 2026)
GrowGeneration (GRWG) reported Operating Margin of 13.71% for Q1 2026, up 1394.0% on a YoY basis from 0.92% in Q1 2025, and up 31.71% quarter-over-quarter from 20.08% in Q4 2025.
GrowGeneration (GRWG) Operating Margin (2015 - 2026) Analysis & Trends
GrowGeneration has reported Operating Margin for 12 years, with the latest figure at 13.71% in Q1 2026.
- For the quarter ending Q1 2026, Operating Margin rose 1394.0% year-over-year to 13.71%; the trailing twelve-month figure through Mar 2026 stood at 12.76% (up 1691.0% YoY), and the FY2025 full-year result was 15.82%, up 1170.0% from the prior year.
- Operating Margin for Q1 2026 stood at 13.71%, up from 20.08% in the prior quarter.
- The five-year high for Operating Margin was 6.01% in Q3 2025, with the low at 192.43% in Q2 2022.
- Historically, Operating Margin has averaged 31.53% across 5 years, with a median of 14.42% in 2023.
- Annual changes were most pronounced in 2022 — Operating Margin plunged 20006 bps — and 2023, when it surged 18256 bps.
- GrowGeneration's Operating Margin stood at 28.94% in 2022, then sank by 96 bps to 56.8% in 2023, then slipped by 13 bps to 63.94% in 2024, then soared by 69 bps to 20.08% in 2025, then soared by 32 bps to 13.71% in 2026.
- The last three Operating Margin figures came in at 13.71% (Q1 2026), 20.08% (Q4 2025), and 6.01% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Caseys General Stores | 27.84 Bn | 27.38 Bn | 1.01 Bn | 7.89% |
| 2 | Williams Sonoma | 24.59 Bn | 23.57 Bn | 1.10 Bn | 20.27% |
| 3 | Ulta Beauty | 20.75 Bn | 20.25 Bn | 1.48 Bn | 12.23% |
| 4 | Dick'S Sporting Goods | 17.81 Bn | 16.45 Bn | 1.77 Bn | 2.96% |
| 5 | Tractor Supply | 15.90 Bn | 15.67 Bn | 1.30 Bn | 6.50% |
| 6 | Best Buy | 15.61 Bn | 13.87 Bn | 2.10 Bn | 4.14% |
| 7 | NaaS Technology | 14.72 Bn | 14.70 Bn | - | - |
| 8 | Five Below | 10.27 Bn | 9.34 Bn | 696.98 Mn | 17.99% |
| 9 | Murphy USA | 10.20 Bn | 10.08 Bn | 3.98 Bn | 4.26% |
| 10 | GrowGeneration | 96.15 Mn | 55.03 Mn | 9.74 Mn | -13.71% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -13.71% |
| Dec 31, 2025 | -20.08% |
| Sep 30, 2025 | -6.01% |
| Jun 30, 2025 | -12.88% |
| Mar 31, 2025 | -27.66% |
| Dec 31, 2024 | -63.94% |
| Sep 30, 2024 | -24.18% |
| Jun 30, 2024 | -12.17% |
| Mar 31, 2024 | -19.70% |
| Dec 31, 2023 | -56.80% |
| Sep 30, 2023 | -14.42% |
| Jun 30, 2023 | -9.86% |
| Mar 31, 2023 | -13.06% |
| Dec 31, 2022 | -28.94% |
| Sep 30, 2022 | -11.42% |
| Jun 30, 2022 | -192.43% |
| Mar 31, 2022 | -8.83% |
| Dec 31, 2021 | -7.75% |
| Sep 30, 2021 | 4.03% |
| Jun 30, 2021 | 7.63% |