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
DateValue
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%