Highway Holdings (HIHO) Gross Margin (2009 - 2025)
Highway Holdings (HIHO) reported Gross Margin of 25.46% for Q4 2025, down 928.0% year-over-year from 3.07% in Q4 2024, and down 35.38% quarter-over-quarter from 39.4% in Q3 2025.
Highway Holdings (HIHO) Gross Margin (2009 - 2025) Analysis & Trends
Highway Holdings (HIHO) has 17 years of Gross Margin data on file, last reported at 25.46% in Q4 2025.
- Gross Margin for Q4 2025 came in at 25.46%, down 928.0% year-over-year; the trailing twelve-month figure through Dec 2025 was 25.53% (down 255.0% YoY), and the FY2025 annual result was 33.32%, up 630.0% from the prior year.
- Gross Margin slipped to 25.46% in Q4 2025 per HIHO's latest filing, from 39.4% in the prior quarter.
- Over five years, Gross Margin peaked at 20941558.44% in Q1 2021 and troughed at 1.83% in Q1 2024.
- A 5-year average of 1102216.3% and a median of 33.32% in 2025 frame the typical range for Gross Margin.
- The sharpest annual moves came in 2021 and 2022: Gross Margin jumped 2000000000 bps in 2021, then sank 2000000000 bps in 2022.
- A 5-year view of Gross Margin shows it stood at 28.65% in 2021, then slipped by 1 bps to 28.38% in 2022, then jumped by 46 bps to 41.31% in 2023, then retreated by 16 bps to 34.73% in 2024, then fell by 27 bps to 25.46% in 2025.
- Business Quant data shows HIHO's Gross Margin at 25.46% in Q4 2025, 39.4% in Q3 2025, and 33.32% in Q1 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Carpenter Technology | 29.34 Bn | 29.04 Bn | 251.80 Mn | 31.03% |
| 2 | Ati | 27.51 Bn | 27.23 Bn | 262.90 Mn | 22.83% |
| 3 | Mueller Industries | 14.99 Bn | 13.61 Bn | 358.44 Mn | 30.05% |
| 4 | Commercial Metals | 8.04 Bn | 7.54 Bn | 387.91 Mn | 18.19% |
| 5 | Esab | 6.48 Bn | 6.34 Bn | 257.79 Mn | 35.76% |
| 6 | Gpgi | 3.86 Bn | 3.85 Bn | - | - |
| 7 | Worthington Enterprises | 2.96 Bn | 2.95 Bn | 109.47 Mn | 28.91% |
| 8 | Proto Labs | 1.93 Bn | 1.79 Bn | 63.59 Mn | 45.64% |
| 9 | Ryerson Holding | 1.17 Bn | 1.15 Bn | 288.80 Mn | 18.44% |
| 10 | Highway Holdings | 70.97 | -5.15 Mn | 292.00 Mn | 25.46% |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 25.46% |
| Sep 30, 2025 | 39.40% |
| Mar 31, 2025 | 33.32% |
| Dec 31, 2024 | 34.73% |
| Sep 30, 2024 | 39.40% |
| Jun 30, 2024 | 35.18% |
| Mar 31, 2024 | 1.83% |
| Dec 31, 2023 | 41.31% |
| Sep 30, 2023 | 28.97% |
| Jun 30, 2023 | 27.99% |
| Mar 31, 2023 | 15.52% |
| Dec 31, 2022 | 28.38% |
| Sep 30, 2022 | 36.12% |
| Jun 30, 2022 | 35.76% |
| Mar 31, 2022 | 35.76% |
| Dec 31, 2021 | 28.65% |
| Sep 30, 2021 | 32.49% |
| Jun 30, 2021 | 31.02% |
| Mar 31, 2021 | 20,941,558.44% |
| Dec 31, 2020 | 34.12% |