Here (HERE) Gross Margin (2021 - 2025)
Here's (HERE) quarterly Gross Margin came in at 41.23% in Q3 2025, down 4218.0% YoY from 1.0% in Q3 2024, and down 45.53% on a QoQ basis from 75.69% in Q2 2025.
Here (HERE) Gross Margin (2021 - 2025) Analysis & Trends
Here (HERE) has 5 years of Gross Margin data on file, last reported at 41.23% in 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 retreated to 41.23% in Q3 2025, from 75.69% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 88.62% in Q3 2022 to a low of 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 dropped by 0 bps to 87.38% in 2022, then slipped by 2 bps to 85.21% in 2023, then fell by 2 bps to 83.14% in 2024, then tumbled by 50 bps to 41.23% in 2025.
- The last three Gross Margin figures came in at 41.23% (Q3 2025), 75.69% (Q2 2025), and 83.08% (Q1 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Amer Sports | 18.61 Bn | 17.92 Bn | 1.17 Bn | 59.90% |
| 2 | Hasbro | 13.64 Bn | 12.26 Bn | 867.20 Mn | 76.10% |
| 3 | Life Time Group Holdings | 9.88 Bn | 9.65 Bn | 412.26 Mn | 47.61% |
| 4 | Acushnet Holdings | 5.40 Bn | 5.33 Bn | 445.83 Mn | 54.37% |
| 5 | Mattel | 4.25 Bn | 3.73 Bn | 542.12 Mn | 48.17% |
| 6 | Planet Fitness | 3.74 Bn | 3.34 Bn | 300.73 Mn | 82.34% |
| 7 | YETI Holdings | 3.58 Bn | 3.52 Bn | 322.52 Mn | 66.66% |
| 8 | Callaway Golf | 3.01 Bn | 2.73 Bn | 306.70 Mn | 50.10% |
| 9 | Onespaworld Holdings | 2.75 Bn | 2.70 Bn | 84.35 Mn | 32.29% |
| 10 | Here | 299.96 Mn | -96.31 Bn | 8.24 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% |