Here (HERE) Gross Margin (2021 - 2025)
Here's Gross Margin came in at 41.23% for fiscal Q1 2026 (quarter ended Sep 30, 2025), down 42.18 percentage points from 83.41% a year earlier and down 34.46 percentage points from the prior quarter.
Here (HERE) Gross Margin (2021 - 2025) Analysis & Trends
Over the trailing twelve months to Sep 30, 2025, Here reported Gross Margin of 78.19%, down 6.63 percentage points year-over-year; for FY2025 (ended Jun 30, 2025), it came in at 81.52%, down 3.98 percentage points from FY2024.
- Gross Margin carries a four-year change of +30.21 percentage points (FY2021 to FY2025).
- Going back by fiscal year, Gross Margin was 85.50% in FY2024 (-12.00 pp), 97.50% in FY2023 (+24.51 pp), 72.99% in FY2022 (+21.68 pp) and 51.31% in FY2021.
- The fiscal Q1 2026 figure represents the lowest quarterly Gross Margin in data going back to fiscal Q2 2022.
- Year-over-year, Gross Margin has declined for nine consecutive quarters, with an average year-over-year change of -8.01 percentage points over the last eight quarters.
- The fastest year-over-year change in Gross Margin over five years came in fiscal Q3 2023 (a gain of 4.02 percentage points), and the weakest in fiscal Q1 2026 (a drop of 42.18 percentage points).
- Business Quant data shows HERE's Gross Margin at 75.69% (Q4 2025), 83.08% (Q3 2025) and 83.14% (Q2 2025) in the three fiscal quarters before Q1 2026.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Amer Sports | 15.40 Bn | 11.45 Bn | 1.07 Bn | 65.64% |
| 2 | Hasbro | 12.62 Bn | 8.41 Bn | 867.20 Mn | 76.10% |
| 3 | Acushnet Holdings | 4.89 Bn | 4.64 Bn | 445.83 Mn | 54.37% |
| 4 | Mattel | 3.81 Bn | 486.56 Mn | 542.12 Mn | 48.17% |
| 5 | YETI Holdings | 3.16 Bn | 2.48 Bn | 322.52 Mn | 66.66% |
| 6 | Callaway Golf | 2.55 Bn | 8.09 Mn | 306.70 Mn | 50.10% |
| 7 | Peloton Interactive | 2.11 Bn | -2.51 Bn | 344.40 Mn | 56.67% |
| 8 | Unusual Machines | 1.19 Bn | 731.45 Mn | 5.80 Mn | 34.70% |
| 9 | Sturm Ruger | 671.09 Mn | 275.09 Mn | 33.74 Mn | 21.35% |
| 10 | Here | 89.25 Mn | -277.56 Mn | 4.86 Mn | - |
Historic 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% |
Here Gross Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=gross-margin&ticker=HERE&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "ticker": "HERE", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=gross-margin&ticker=HERE&period=max&api_key=YOUR_API_KEY");
const data = await res.json();