Lucid (LCID) Gross Margin (2020 - 2026)
Lucid (LCID) posted quarterly Gross Margin of 110.35% for Q1 2026, down 1313.0% YoY from 9.1% in Q1 2025, and down 36.72% sequentially from 80.71% in Q4 2025.
Lucid (LCID) Gross Margin (2020 - 2026) Analysis & Trends
Lucid has disclosed Gross Margin across 7 years of filings, most recently posting 110.35% for Q1 2026.
- In Q1 2026, Gross Margin fell 1313.0% year-over-year to 110.35%; the TTM figure through Mar 2026 stood at 95.6% (up 1008.0% YoY), while the FY2025 annual figure was 92.81%, up 2147.0% from the prior year.
- Gross Margin fell to 110.35% in Q1 2026, from 80.71% in the prior quarter.
- Over the last five years, Gross Margin for LCID reached as high as 80.71% in Q4 2025 and fell as low as 326.48% in Q1 2022.
- The 5-year median for Gross Margin is 134.5% (2024), against an average of 157.59%.
- The widest YoY moves for Gross Margin: up 117907 bps in 2022, down 39932 bps in 2022.
- A 5-year view of Gross Margin shows it stood at 138.75% in 2022, then slipped by 16 bps to 160.91% in 2023, then jumped by 45 bps to 89.04% in 2024, then grew by 9 bps to 80.71% in 2025, then sank by 37 bps to 110.35% in 2026.
- According to Business Quant data, Gross Margin over the past three periods registered 110.35%, 80.71%, and 99.12% for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Tesla | 1,375.42 Bn | 1,330.73 Bn | 4.72 Bn | 21.08% |
| 2 | Ford Motor | 78.30 Bn | 47.85 Bn | 7.94 Bn | 18.36% |
| 3 | General Motors | 68.82 Bn | 46.43 Bn | 4.32 Bn | 10.98% |
| 4 | Xpeng | 40.80 Bn | 38.26 Bn | 388.90 Mn | 20.58% |
| 5 | Rivian Automotive | 21.46 Bn | 16.65 Bn | 119.00 Mn | 8.62% |
| 6 | Li Auto | 12.40 Bn | -965.30 Mn | 262.11 Mn | 7.87% |
| 7 | Nio | 12.31 Bn | 9.20 Bn | 704.43 Mn | 19.03% |
| 8 | VinFast Auto | 7.23 Bn | 91,500.01 Bn | -17,004.89 Bn | -73.58% |
| 9 | Lucid | 2.18 Bn | 1.48 Bn | -311.71 Mn | -110.35% |
| 10 | China Yuchai International | 1.74 Bn | 678.93 Mn | 317.01 Mn | 18.91% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -110.35% |
| Dec 31, 2025 | -80.71% |
| Sep 30, 2025 | -99.12% |
| Jun 30, 2025 | -104.98% |
| Mar 31, 2025 | -97.22% |
| Dec 31, 2024 | -89.04% |
| Sep 30, 2024 | -106.23% |
| Jun 30, 2024 | -134.50% |
| Mar 31, 2024 | -134.34% |
| Dec 31, 2023 | -160.91% |
| Sep 30, 2023 | -240.84% |
| Jun 30, 2023 | -268.39% |
| Mar 31, 2023 | -234.95% |
| Dec 31, 2022 | -138.75% |
| Sep 30, 2022 | -151.96% |
| Jun 30, 2022 | -200.34% |
| Mar 31, 2022 | -326.48% |
| Dec 31, 2021 | -473.94% |
| Sep 30, 2021 | -1,331.03% |
| Jun 30, 2021 | 89.08% |