Legacy Education (LGCY) Gross Margin (2023 - 2025)
Legacy Education (LGCY) posted Gross Margin of 46.35% for Q4 2025, down 0.95% sequentially from 46.8% in Q3 2025, and up 121.0% YoY from 20.97% in Q4 2024.
Legacy Education (LGCY) Gross Margin (2023 - 2025) Analysis & Trends
Legacy Education has reported Gross Margin for 3 years, with the latest figure at 46.35% in Q4 2025.
- Quarterly Gross Margin rose 121.0% year-over-year to 46.35% in Q4 2025, while the trailing twelve-month figure through Dec 2025 was 46.51% (up 299.0% YoY) and the FY2025 annual result came in at 46.63%, up 391.0% from the prior year.
- Gross Margin retreated to 46.35% in Q4 2025 per LGCY's latest filing, from 46.8% in the prior quarter.
- Over five years, Gross Margin peaked at 48.56% in Q3 2024 and troughed at 32.96% in Q2 2024.
- A 3-year average of 45.2% and a median of 46.58% in 2025 frame the typical range for Gross Margin.
- The sharpest annual moves came in 2024 and 2025: Gross Margin tumbled 248 bps in 2024, then surged 1441 bps in 2025.
- Over 3 years, Gross Margin stood at 47.62% in 2023, then decreased by 5 bps to 45.15% in 2024, then advanced by 3 bps to 46.35% in 2025.
- According to Business Quant data, Gross Margin over the past three periods registered 46.35%, 46.8%, and 47.38% for Q4 2025, Q3 2025, and Q2 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | New Oriental Education & Technology | 84.72 Bn | 82.72 Bn | 812.22 Mn | 53.10% |
| 2 | 51Talk Online Education | 7.12 Bn | 7.09 Bn | 22.97 Mn | 73.66% |
| 3 | Laureate Education | 5.21 Bn | 5.05 Bn | 237.67 Mn | 38.59% |
| 4 | Graham Holdings | 5.05 Bn | 3.80 Bn | 777.03 Mn | 59.66% |
| 5 | Covista | 4.61 Bn | 4.61 Bn | 284.63 Mn | 56.77% |
| 6 | Grand Canyon Education | 3.74 Bn | 3.47 Bn | 204.08 Mn | 77.29% |
| 7 | Stride | 3.57 Bn | 2.61 Bn | 217.28 Mn | 34.16% |
| 8 | McGraw Hill | 2.49 Bn | 2.30 Bn | 439.20 Mn | 79.87% |
| 9 | TAL Education | 2.31 Bn | -375.26 Mn | 227.32 Mn | 52.92% |
| 10 | Legacy Education | 134.54 Mn | 123.99 Mn | 8.89 Mn | 46.35% |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 46.35% |
| Sep 30, 2025 | 46.80% |
| Jun 30, 2025 | 47.38% |
| Mar 31, 2025 | 45.54% |
| Dec 31, 2024 | 45.15% |
| Sep 30, 2024 | 48.56% |
| Jun 30, 2024 | 32.96% |
| Mar 31, 2024 | 46.92% |
| Dec 31, 2023 | 47.62% |
| Sep 30, 2023 | 44.71% |