Here (HERE) Gross Margin (2021 - 2025)
Here (HERE) recorded quarterly Gross Margin of 41.23% in Q3 2025, down 45.53% on a QoQ basis from 75.69% in Q2 2025, and down 4218.0% year-over-year from 1.0% in Q3 2024.
Here (HERE) Gross Margin (2021 - 2025) Analysis & Trends
Here has disclosed Gross Margin across 5 years of filings, most recently posting 41.23% for Q3 2025.
- Quarterly Gross Margin fell 4218.0% year-over-year to 41.23% in Q3 2025, while the trailing twelve-month figure through Sep 2025 was 78.19% (down 663.0% YoY) and the FY2025 annual result came in at 81.52%, down 398.0% from the prior year.
- Gross Margin declined to 41.23% in Q3 2025, from 75.69% in the prior quarter.
- Over five years, Gross Margin peaked at 88.62% in Q3 2022 and troughed at 41.23% in Q3 2025.
- A 5-year average of 81.99% and a median of 84.89% in 2023 frame the typical range for Gross Margin.
- Annual changes were most pronounced in 2023 — Gross Margin jumped 402 bps — and 2025, when it slumped 4218 bps.
- Tracing HERE's Gross Margin over 5 years: stood at 87.45% in 2021, then fell by 0 bps to 87.38% in 2022, then declined by 2 bps to 85.21% in 2023, then decreased by 2 bps to 83.14% in 2024, then sank by 50 bps to 41.23% in 2025.
- Business Quant data shows HERE's Gross Margin at 41.23% in Q3 2025, 75.69% in Q2 2025, and 83.08% in Q1 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Amer Sports | 19,630,355.93 Bn | 19,630,355.28 Bn | 1.17 Bn | 59.90% |
| 2 | Hasbro | 11.86 Bn | 10.53 Bn | 764.10 Mn | 76.39% |
| 3 | Life Time Group Holdings | 7.22 Bn | 7.10 Bn | 382.00 Mn | 48.43% |
| 4 | Acushnet Holdings | 5.62 Bn | 5.57 Bn | 355.26 Mn | 47.18% |
| 5 | Mattel | 4.31 Bn | 3.44 Bn | 386.78 Mn | 44.86% |
| 6 | Planet Fitness | 4.05 Bn | 3.58 Bn | 291.90 Mn | 86.56% |
| 7 | YETI Holdings | 3.97 Bn | 3.79 Bn | 340.87 Mn | 58.40% |
| 8 | Callaway Golf | 2.93 Bn | 2.43 Bn | 326.70 Mn | 47.52% |
| 9 | Onespaworld Holdings | 2.44 Bn | 2.43 Bn | 209.81 Mn | 84.73% |
| 10 | Here | - | - | 7.86 Mn | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Sep 30, 2025 | 41.23% |
| Jun 30, 2025 | 75.69% |
| Mar 31, 2025 | 83.08% |
| Dec 31, 2024 | 83.14% |
| Sep 30, 2024 | 83.41% |
| Jun 30, 2024 | 85.88% |
| Mar 31, 2024 | 84.58% |
| Dec 31, 2023 | 85.21% |
| Sep 30, 2023 | 86.40% |
| Jun 30, 2023 | 85.98% |
| Mar 31, 2023 | 87.48% |
| Dec 31, 2022 | 87.38% |
| Sep 30, 2022 | 88.62% |
| Jun 30, 2022 | 82.90% |
| Mar 31, 2022 | 83.46% |
| Dec 31, 2021 | 87.45% |