JinkoSolar Holding (JKS) Gross Margin (2009 - 2026)
JinkoSolar Holding (JKS) posted Gross Margin of 8.32% for Q1 2026, up 2542.82% sequentially from 0.31% in Q4 2025, and up 1086.0% YoY from 0.7% in Q1 2025.
JinkoSolar Holding (JKS) Gross Margin (2009 - 2026) Analysis & Trends
JinkoSolar Holding has reported Gross Margin for 18 years, with the latest figure at 8.32% in Q1 2026.
- Quarterly Gross Margin rose 1086.0% year-over-year to 8.32% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 4.36% (down 519.0% YoY) and the FY2025 annual result came in at 2.15%, down 875.0% from the prior year.
- Gross Margin advanced to 8.32% in Q1 2026 per JKS's latest filing, from 0.31% in the prior quarter.
- Over five years, Gross Margin peaked at 17.42% in Q3 2023 and troughed at 2.55% in Q1 2025.
- A 5-year average of 10.48% and a median of 12.46% in 2023 frame the typical range for Gross Margin.
- The sharpest annual moves came in 2025 and 2026: Gross Margin plunged 1442 bps in 2025, then soared 1086 bps in 2026.
- Over 5 years, Gross Margin stood at 14.03% in 2022, then dropped by 11 bps to 12.46% in 2023, then slumped by 71 bps to 3.62% in 2024, then tumbled by 91 bps to 0.31% in 2025, then surged by 2543 bps to 8.32% in 2026.
- According to Business Quant data, Gross Margin over the past three periods registered 8.32%, 0.31%, and 7.31% for Q1 2026, Q4 2025, and Q3 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | First Solar | 23.03 Bn | 21.30 Bn | 605.00 Mn | 57.28% |
| 2 | Nextpower | 13.25 Bn | 12.03 Bn | 335.85 Mn | 35.91% |
| 3 | Enphase Energy | 5.07 Bn | 4.13 Bn | 175.01 Mn | 59.97% |
| 4 | Sunrun | 2.24 Bn | 2.24 Bn | 527.54 Mn | 60.64% |
| 5 | Solaredge Technologies | 1.89 Bn | 1.31 Bn | 95.15 Mn | 27.48% |
| 6 | Shoals Technologies | 1.24 Bn | 1.22 Bn | 49.53 Mn | 30.31% |
| 7 | Canadian Solar | 991.33 Mn | -596.96 Mn | 124.40 Mn | 10.22% |
| 8 | JinkoSolar Holding | 831.90 Mn | -2.48 Bn | 147.66 Mn | 8.32% |
| 9 | Array Technologies | 727.79 Mn | 420.48 Mn | 99.60 Mn | 29.12% |
| 10 | Toyo | 170.12 Mn | 93.48 Mn | 47.76 Mn | 33.45% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 8.32% |
| Dec 31, 2025 | 0.31% |
| Sep 30, 2025 | 7.31% |
| Jun 30, 2025 | 2.93% |
| Mar 31, 2025 | -2.55% |
| Dec 31, 2024 | 3.62% |
| Sep 30, 2024 | 12.94% |
| Jun 30, 2024 | 11.13% |
| Mar 31, 2024 | 11.87% |
| Dec 31, 2023 | 12.46% |
| Sep 30, 2023 | 17.42% |
| Jun 30, 2023 | 15.59% |
| Mar 31, 2023 | 17.32% |
| Dec 31, 2022 | 14.03% |
| Sep 30, 2022 | 15.74% |
| Jun 30, 2022 | 14.71% |
| Mar 31, 2022 | 15.08% |
| Dec 31, 2021 | 16.14% |
| Sep 30, 2021 | 15.12% |
| Jun 30, 2021 | 17.14% |