Niu Technologies (NIU) Gross Margin (2017 - 2026)
Niu Technologies (NIU) posted Gross Margin of 17.43% for Q1 2026, up 14.22% sequentially from 15.26% in Q4 2025, and up 12.0% YoY from 15.56% in Q1 2025.
Niu Technologies (NIU) Gross Margin (2017 - 2026) Analysis & Trends
Niu Technologies (NIU) has 10 years of Gross Margin data on file, last reported at 17.43% in Q1 2026.
- Quarterly Gross Margin rose 12.0% year-over-year to 17.43% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 19.47% (up 443.0% YoY) and the FY2025 annual result came in at 19.58%, up 441.0% from the prior year.
- Gross Margin grew to 17.43% in Q1 2026 per NIU's latest filing, from 15.26% in the prior quarter.
- The five-year high for Gross Margin was 23.1% in Q2 2023, with the low at 12.45% in Q4 2024.
- Average Gross Margin over 5 years is 19.01%, with a median of 19.06% recorded in 2022.
- Year-over-year, Gross Margin slumped 753 bps in 2024 and surged 801 bps in 2025.
- Niu Technologies' Gross Margin stood at 22.46% in 2022, then dropped by 15 bps to 19.0% in 2023, then tumbled by 34 bps to 12.45% in 2024, then rose by 23 bps to 15.26% in 2025, then rose by 14 bps to 17.43% in 2026.
- Business Quant data shows NIU's Gross Margin at 17.43% in Q1 2026, 15.26% in Q4 2025, and 21.83% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Tesla | 1,375.42 Bn | 1,330.73 Bn | 4.72 Bn | 21.08% |
| 2 | Ford Motor | 78.30 Bn | 47.85 Bn | 7.94 Bn | 18.36% |
| 3 | General Motors | 68.82 Bn | 46.43 Bn | 4.32 Bn | 10.98% |
| 4 | Xpeng | 40.80 Bn | 38.26 Bn | 388.90 Mn | 20.58% |
| 5 | Rivian Automotive | 21.46 Bn | 16.65 Bn | 119.00 Mn | 8.62% |
| 6 | Li Auto | 12.40 Bn | -965.30 Mn | 262.11 Mn | 7.87% |
| 7 | Nio | 12.31 Bn | 9.20 Bn | 704.43 Mn | 19.03% |
| 8 | VinFast Auto | 7.23 Bn | 91,500.01 Bn | -17,004.89 Bn | -73.58% |
| 9 | Lucid | 2.18 Bn | 1.48 Bn | -311.71 Mn | -110.35% |
| 10 | Niu Technologies | 334.72 Mn | 334.72 Mn | 22.98 Mn | 17.43% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 17.43% |
| Dec 31, 2025 | 15.26% |
| Sep 30, 2025 | 21.83% |
| Jun 30, 2025 | 20.11% |
| Mar 31, 2025 | 17.31% |
| Dec 31, 2024 | 12.45% |
| Sep 30, 2024 | 13.82% |
| Jun 30, 2024 | 16.98% |
| Mar 31, 2024 | 18.93% |
| Dec 31, 2023 | 19.00% |
| Sep 30, 2023 | 21.35% |
| Jun 30, 2023 | 23.10% |
| Mar 31, 2023 | 21.66% |
| Dec 31, 2022 | 22.46% |
| Sep 30, 2022 | 22.10% |
| Jun 30, 2022 | 20.25% |
| Mar 31, 2022 | 19.06% |
| Dec 31, 2021 | 22.57% |
| Sep 30, 2021 | 19.99% |
| Jun 30, 2021 | 22.73% |