Newegg Commerce (NEGG) Gross Margin (2010 - 2023)
Newegg Commerce (NEGG) posted Gross Margin of 10.84% for Q4 2023, down 6.62% sequentially from 11.61% in Q3 2023, and down 159.0% YoY from 18.37% in Q4 2022.
Newegg Commerce (NEGG) Gross Margin (2010 - 2023) Analysis & Trends
Newegg Commerce has reported Gross Margin for 7 years, with the latest figure at 10.84% in Q4 2023.
- Quarterly Gross Margin fell 159.0% year-over-year to 10.84% in Q4 2023, while the trailing twelve-month figure through Dec 2023 was 11.98% (down 127.0% YoY) and the FY2025 annual result came in at 11.66%, up 102.0% from the prior year.
- Gross Margin eased to 10.84% in Q4 2023 per NEGG's latest filing, from 11.61% in the prior quarter.
- Over five years, Gross Margin peaked at 14.74% in Q3 2021 and troughed at 10.84% in Q4 2023.
- A 4-year average of 12.42% and a median of 12.45% in 2020 frame the typical range for Gross Margin.
- The sharpest annual moves came in 2021 and 2023: Gross Margin soared 225 bps in 2021, then tumbled 161 bps in 2023.
- Over 4 years, Gross Margin stood at 11.45% in 2020, then climbed by 10 bps to 12.63% in 2021, then slipped by 2 bps to 12.42% in 2022, then dropped by 13 bps to 10.84% in 2023.
- According to Business Quant data, Gross Margin over the past three periods registered 10.84%, 11.61%, and 12.42% for Q4 2023, Q3 2023, and Q4 2022 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Amazon Com | 2,931.64 Bn | 2,808.66 Bn | 198.88 Bn | 52.05% |
| 2 | PDD Holdings | 506.17 Bn | 446.63 Bn | 9.83 Bn | 55.49% |
| 3 | Mercadolibre | 98.29 Bn | 83.09 Bn | 4.16 Bn | 40.90% |
| 4 | DoorDash | 92.11 Bn | 86.76 Bn | 2.35 Bn | 52.69% |
| 5 | JD.com | 87.50 Bn | 58.32 Bn | 7.66 Bn | 16.73% |
| 6 | Sea | 78.22 Bn | 69.70 Bn | 3.15 Bn | 44.32% |
| 7 | Ebay | 47.18 Bn | 43.87 Bn | 2.30 Bn | 73.45% |
| 8 | Coupang | 29.74 Bn | 23.63 Bn | 2.49 Bn | 28.16% |
| 9 | Zkh | 16.36 Bn | 16.36 Bn | 51.11 Mn | 16.68% |
| 10 | Newegg Commerce | 383,976.26 | -108.26 Mn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2023 | 10.84% |
| Sep 30, 2023 | 11.61% |
| Dec 31, 2022 | 12.42% |
| Sep 30, 2022 | 13.22% |
| Dec 31, 2021 | 12.63% |
| Sep 30, 2021 | 14.74% |
| Dec 31, 2020 | 11.45% |
| Sep 30, 2020 | 12.48% |
| Dec 31, 2012 | 37.29% |
| Sep 30, 2012 | 37.39% |
| Jun 30, 2012 | 39.24% |
| Mar 31, 2012 | 37.43% |
| Dec 31, 2011 | 31.91% |
| Sep 30, 2011 | 42.49% |
| Jun 30, 2011 | 36.84% |
| Mar 31, 2011 | 33.78% |
| Dec 31, 2010 | 36.94% |
| Sep 30, 2010 | 41.40% |
| Jun 30, 2010 | 39.74% |