iPower (IPW) Operating Margin (2020 - 2026)
iPower's Operating Margin came in at -32.71% for fiscal Q3 2026 (quarter ended Mar 31, 2026), down 30.62 percentage points from -2.09% a year earlier but up 1.47 percentage points from the prior quarter.
iPower (IPW) Operating Margin (2020 - 2026) Analysis & Trends
Over the trailing twelve months to Mar 31, 2026, iPower reported Operating Margin of -23.01%, down 21.46 percentage points year-over-year; for FY2025 (ended Jun 30, 2025), it came in at -8.87%, down 7.75 percentage points from FY2024.
- Operating Margin carries a five-year change of -16.15 percentage points (FY2020 to FY2025).
- Going back by fiscal year, Operating Margin was -1.12% in FY2024 (+14.05 pp), -15.17% in FY2023 (-18.08 pp), 2.91% in FY2022 (-2.56 pp) and 5.47% in FY2021 (-1.81 pp).
- The five-year range for quarterly Operating Margin is -34.18% (fiscal Q2 2026) to 7.43% (fiscal Q1 2022).
- Year-over-year, Operating Margin increased in three of the last eight quarters, with an average year-over-year change of -9.70 percentage points.
- The fastest year-over-year change in Operating Margin over five years came in fiscal Q4 2024 (a gain of 19.27 percentage points), and the weakest in fiscal Q2 2026 (a drop of 37.76 percentage points).
- Business Quant data shows IPW's Operating Margin at -34.18% (Q2 2026), -14.11% (Q1 2026) and -22.53% (Q4 2025) in the three fiscal quarters before Q3 2026.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Amazon Com | 2,654.24 Bn | 2,170.93 Bn | 104.83 Bn | 13.69% |
| 2 | Home Depot | 289.19 Bn | 282.43 Bn | 16.12 Bn | 14.29% |
| 3 | Tjx Companies | 143.39 Bn | 120.94 Bn | 5.07 Bn | 13.09% |
| 4 | Lowes Companies | 105.29 Bn | 98.25 Bn | 8.58 Bn | 13.67% |
| 5 | Ross Stores | 75.79 Bn | 58.72 Bn | 2.12 Bn | 17.62% |
| 6 | Target | 72.00 Bn | 66.59 Bn | 8.94 Bn | 9.65% |
| 7 | O Reilly Automotive | 70.61 Bn | 69.69 Bn | 2.52 Bn | 20.15% |
| 8 | Carvana | 66.52 Bn | 58.12 Bn | 1.38 Bn | 9.22% |
| 9 | Autozone | 47.57 Bn | 46.47 Bn | 2.52 Bn | 19.08% |
| 10 | iPower | 25,443.18 | -5.66 Mn | 755,549.00 | -32.71% |
Historic Data
| Date | Value |
|---|---|
| Mar 31, 2026 | -32.71% |
| Dec 31, 2025 | -34.18% |
| Sep 30, 2025 | -14.11% |
| Jun 30, 2025 | -22.53% |
| Mar 31, 2025 | -2.09% |
| Dec 31, 2024 | 3.58% |
| Sep 30, 2024 | -14.45% |
| Jun 30, 2024 | 6.46% |
| Mar 31, 2024 | 6.87% |
| Dec 31, 2023 | -15.19% |
| Sep 30, 2023 | -4.79% |
| Jun 30, 2023 | -12.81% |
| Mar 31, 2023 | -8.95% |
| Dec 31, 2022 | -21.20% |
| Sep 30, 2022 | -17.65% |
| Jun 30, 2022 | -6.74% |
| Mar 31, 2022 | 6.04% |
| Dec 31, 2021 | 6.63% |
| Sep 30, 2021 | 7.43% |
| Jun 30, 2021 | 1.65% |
iPower Operating 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=operating-margin&ticker=IPW&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-margin", "ticker": "IPW", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-margin&ticker=IPW&period=max&api_key=YOUR_API_KEY");
const data = await res.json();