Lucid (LCID) Gross Margin (2020 - 2026)
Lucid (LCID) posted quarterly Gross Margin of 110.35% for Q1 2026, down 1313.0% year-over-year from 9.1% in Q1 2025, and down 36.72% quarter-over-quarter from 80.71% in Q4 2025.
Lucid (LCID) Gross Margin (2020 - 2026) Analysis & Trends
Lucid (LCID) has reported Gross Margin for 7 consecutive years, with 110.35% the latest figure, recorded in 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 retreated to 110.35% in Q1 2026 per LCID's latest filing, from 80.71% in the prior quarter.
- Across five years, Gross Margin topped out at 80.71% in Q4 2025 and bottomed at 326.48% in Q1 2022.
- Historically, Gross Margin has averaged 157.59% across 5 years, with a median of 134.5% in 2024.
- On a YoY basis, Gross Margin climbed as much as 117907 bps in 2022 and fell as far as 39932 bps in 2022.
- Lucid's Gross Margin stood at 138.75% in 2022, then dropped by 16 bps to 160.91% in 2023, then surged by 45 bps to 89.04% in 2024, then increased by 9 bps to 80.71% in 2025, then plunged by 37 bps to 110.35% in 2026.
- Business Quant data shows LCID's Gross Margin at 110.35% in Q1 2026, 80.71% in Q4 2025, and 99.12% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Tesla | 1,062.42 Bn | 1,018.89 Bn | 4.75 Bn | 16.83% |
| 2 | Toyota Motor | 248.02 Bn | 113.80 Bn | 12.27 Bn | 16.11% |
| 3 | Honda Motor | 127.13 Bn | 92.93 Bn | -34.06 Bn | -4,972.01% |
| 4 | Ford Motor | 81.51 Bn | 50.18 Bn | 6.08 Bn | 12.59% |
| 5 | General Motors | 78.38 Bn | 53.66 Bn | 7.33 Bn | 15.26% |
| 6 | Li Auto | 26.25 Bn | 12.80 Bn | 262.11 Mn | 7.87% |
| 7 | Xpeng | 23.13 Bn | 20.59 Bn | 388.90 Mn | 20.58% |
| 8 | Rivian Automotive | 21.08 Bn | 15.77 Bn | 179.00 Mn | 10.80% |
| 9 | Stellantis | 16.04 Bn | -25.41 Bn | 5.55 Bn | 10.98% |
| 10 | Lucid | 2.68 Bn | 1.92 Bn | -426.73 Mn | -105.27% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | -105.27% |
| 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% |