Mind Technology (MIND) Gross Margin (2010 - 2026)
Mind Technology (MIND) reported Gross Margin of 40.74% for Q1 2026, down 280.0% year-over-year from 22.63% in Q1 2025, and down 12.54% quarter-over-quarter from 46.58% in Q4 2025.
Mind Technology (MIND) Gross Margin (2010 - 2026) Analysis & Trends
Mind Technology (MIND) has 17 years of Gross Margin data on file, last reported at 40.74% in Q1 2026.
- Gross Margin for Q1 2026 came in at 40.74%, down 280.0% year-over-year; the trailing twelve-month figure through Jan 2026 was 45.58% (up 84.0% YoY), and the FY2026 annual result was 45.58%, up 84.0% from the prior year.
- Gross Margin retreated to 40.74% in Q1 2026 per MIND's latest filing, from 46.58% in the prior quarter.
- Over five years, Gross Margin peaked at 50.36% in Q3 2025 and troughed at 2.26% in Q1 2022.
- A 5-year average of 40.49% and a median of 43.54% in 2025 frame the typical range for Gross Margin.
- The sharpest annual moves came in 2022 and 2023: Gross Margin tumbled 3733 bps in 2022, then surged 4570 bps in 2023.
- A 5-year view of Gross Margin shows it stood at 28.37% in 2022, then soared by 60 bps to 45.3% in 2023, then slipped by 1 bps to 44.78% in 2024, then grew by 4 bps to 46.58% in 2025, then slipped by 13 bps to 40.74% in 2026.
- Business Quant data shows MIND's Gross Margin at 40.74% in Q1 2026, 46.58% in Q4 2025, and 50.36% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Coherent | 67.67 Bn | 66.37 Bn | 679.95 Mn | 37.66% |
| 2 | Keysight Technologies | 57.00 Bn | 54.83 Bn | 995.00 Mn | 62.19% |
| 3 | Garmin | 45.82 Bn | 43.12 Bn | 1.04 Bn | 59.44% |
| 4 | Teledyne Technologies | 28.64 Bn | 28.34 Bn | 673.80 Mn | 43.19% |
| 5 | Mks | 21.67 Bn | 21.10 Bn | 507.00 Mn | 47.03% |
| 6 | Fortive | 19.42 Bn | 19.07 Bn | 675.50 Mn | 63.17% |
| 7 | Trimble | 12.42 Bn | 12.19 Bn | 646.30 Mn | 68.76% |
| 8 | Cognex | 10.23 Bn | 9.94 Bn | 190.94 Mn | 71.13% |
| 9 | Esco Technologies | 7.86 Bn | 7.77 Bn | 131.32 Mn | 42.45% |
| 10 | Mind Technology | 48.89 Mn | 29.79 Mn | 3.99 Mn | 40.74% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jan 31, 2026 | 40.74% |
| Oct 31, 2025 | 46.58% |
| Jul 31, 2025 | 50.36% |
| Apr 30, 2025 | 42.15% |
| Jan 31, 2025 | 43.54% |
| Oct 31, 2024 | 44.78% |
| Jul 31, 2024 | 47.61% |
| Apr 30, 2024 | 43.58% |
| Jan 31, 2024 | 46.65% |
| Oct 31, 2023 | 45.30% |
| Jul 31, 2023 | 38.90% |
| Apr 30, 2023 | 42.80% |
| Jan 31, 2023 | 47.96% |
| Oct 31, 2022 | 28.37% |
| Jul 31, 2022 | 40.61% |
| Apr 30, 2022 | 36.19% |
| Jan 31, 2022 | 2.26% |
| Oct 31, 2021 | 37.98% |
| Jul 31, 2021 | 32.67% |
| Apr 30, 2021 | 12.95% |