GrowGeneration (GRWG) Operating Margin (2015 - 2026)
GrowGeneration (GRWG) posted Operating Margin of 13.71% for Q1 2026, up 31.71% on a QoQ basis from 20.08% in Q4 2025, and up 1394.0% year-over-year from 0.92% in Q1 2025.
GrowGeneration (GRWG) Operating Margin (2015 - 2026) Analysis & Trends
GrowGeneration's Operating Margin history runs 12 years deep, the most recent figure standing at 13.71% for Q1 2026.
- Quarterly Operating Margin rose 1394.0% year-over-year to 13.71% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 12.76% (up 1691.0% YoY) and the FY2025 annual result came in at 15.82%, up 1170.0% from the prior year.
- Operating Margin was 13.71% for Q1 2026 at GrowGeneration, up from 20.08% in the prior quarter.
- Across five years, Operating Margin topped out at 6.01% in Q3 2025 and bottomed at 192.43% in Q2 2022.
- A 5-year average of 31.53% and a median of 14.42% in 2023 frame the typical range for Operating Margin.
- Annual changes were most pronounced in 2022 — Operating Margin tumbled 20006 bps — and 2023, when it surged 18256 bps.
- GrowGeneration's Operating Margin stood at 28.94% in 2022, then tumbled by 96 bps to 56.8% in 2023, then declined by 13 bps to 63.94% in 2024, then surged by 69 bps to 20.08% in 2025, then surged by 32 bps to 13.71% in 2026.
- Business Quant data shows GRWG's Operating Margin at 13.71% in Q1 2026, 20.08% in Q4 2025, and 6.01% in Q3 2025.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Caseys General Stores | 32.43 Bn | 31.91 Bn | 1.08 Bn | 7.66% |
| 2 | NaaS Technology | 31.54 Bn | 31.54 Bn | - | - |
| 3 | Williams Sonoma | 28.17 Bn | 27.15 Bn | 1.10 Bn | 20.27% |
| 4 | Ulta Beauty | 23.05 Bn | 22.56 Bn | 1.48 Bn | 12.23% |
| 5 | Best Buy | 18.23 Bn | 16.48 Bn | 2.10 Bn | 4.14% |
| 6 | Dick'S Sporting Goods | 16.52 Bn | 15.17 Bn | 1.77 Bn | 2.96% |
| 7 | MINISO Group Holding | 15.94 Bn | 14.87 Bn | 414.86 Mn | 14.56% |
| 8 | Tractor Supply | 15.92 Bn | 15.70 Bn | 1.30 Bn | 6.50% |
| 9 | Five Below | 12.14 Bn | 11.21 Bn | 696.98 Mn | 17.99% |
| 10 | GrowGeneration | 87.13 Mn | 46.01 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% |