Leatt (LEAT) Gross Margin (2018 - 2026)
Leatt (LEAT) posted quarterly Gross Margin of 43.95% for Q1 2026, up 22.0% year-over-year from 36.03% in Q1 2025, and down 3.48% quarter-over-quarter from 45.54% in Q4 2025.
Leatt (LEAT) Gross Margin (2018 - 2026) Analysis & Trends
Leatt (LEAT) has reported Gross Margin for 9 consecutive years, with 43.95% the latest figure, recorded in Q1 2026.
- In Q1 2026, Gross Margin rose 22.0% year-over-year to 43.95%; the TTM figure through Mar 2026 stood at 44.02% (up 215.0% YoY), while the FY2025 annual figure was 43.97%, up 374.0% from the prior year.
- Gross Margin fell to 43.95% in Q1 2026 per LEAT's latest filing, from 45.54% in the prior quarter.
- Across five years, Gross Margin topped out at 45.54% in Q4 2025 and bottomed at 34.14% in Q4 2022.
- Historically, Gross Margin has averaged 41.58% across 5 years, with a median of 42.61% in 2022.
- Annual changes were most pronounced in 2022 — Gross Margin slumped 758 bps — and 2025, when it jumped 597 bps.
- Leatt's Gross Margin stood at 34.14% in 2022, then climbed by 7 bps to 36.44% in 2023, then rose by 13 bps to 41.2% in 2024, then rose by 11 bps to 45.54% in 2025, then dropped by 3 bps to 43.95% in 2026.
- Business Quant data shows LEAT's Gross Margin at 43.95% in Q1 2026, 45.54% in Q4 2025, and 44.03% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Amer Sports | 18.61 Bn | 17.92 Bn | 1.17 Bn | 59.90% |
| 2 | Hasbro | 13.75 Bn | 12.37 Bn | 867.20 Mn | 76.10% |
| 3 | Life Time Group Holdings | 9.90 Bn | 9.67 Bn | 412.26 Mn | 47.61% |
| 4 | Acushnet Holdings | 5.34 Bn | 5.27 Bn | 445.83 Mn | 54.37% |
| 5 | Mattel | 4.35 Bn | 3.83 Bn | 542.12 Mn | 48.17% |
| 6 | Planet Fitness | 3.88 Bn | 3.48 Bn | 300.73 Mn | 82.34% |
| 7 | YETI Holdings | 3.56 Bn | 3.50 Bn | 322.52 Mn | 66.66% |
| 8 | Callaway Golf | 2.97 Bn | 2.69 Bn | 306.70 Mn | 50.10% |
| 9 | Onespaworld Holdings | 2.74 Bn | 2.70 Bn | 84.35 Mn | 32.29% |
| 10 | Leatt | 71.64 Mn | 50.98 Mn | 7.44 Mn | 45.36% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 43.95% |
| Dec 31, 2025 | 45.54% |
| Sep 30, 2025 | 44.03% |
| Jun 30, 2025 | 42.59% |
| Mar 31, 2025 | 43.73% |
| Dec 31, 2024 | 41.20% |
| Sep 30, 2024 | 42.59% |
| Jun 30, 2024 | 38.91% |
| Mar 31, 2024 | 37.76% |
| Dec 31, 2023 | 36.44% |
| Sep 30, 2023 | 42.62% |
| Jun 30, 2023 | 43.26% |
| Mar 31, 2023 | 44.14% |
| Dec 31, 2022 | 34.14% |
| Sep 30, 2022 | 43.58% |
| Jun 30, 2022 | 42.61% |
| Mar 31, 2022 | 39.74% |
| Dec 31, 2021 | 41.73% |
| Sep 30, 2021 | 43.12% |
| Jun 30, 2021 | 43.31% |