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 has reported Gross Margin for 10 years, with the latest figure 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.
- Over five years, Gross Margin peaked at 23.1% in Q2 2023 and troughed at 12.45% in Q4 2024.
- A 5-year average of 19.01% and a median of 19.06% in 2022 frame the typical range for Gross Margin.
- The sharpest annual moves came in 2024 and 2025: Gross Margin plunged 753 bps in 2024, then soared 801 bps in 2025.
- Over 5 years, Gross Margin stood at 22.46% in 2022, then slipped by 15 bps to 19.0% in 2023, then slumped by 34 bps to 12.45% in 2024, then increased by 23 bps to 15.26% in 2025, then increased by 14 bps to 17.43% in 2026.
- According to Business Quant data, Gross Margin over the past three periods registered 17.43%, 15.26%, and 21.83% for Q1 2026, Q4 2025, and Q3 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Tesla | 1,062.42 Bn | 1,018.89 Bn | 4.75 Bn | 16.83% |
| 2 | Toyota Motor | 248.02 Bn | 113.80 Bn | 12.27 Bn | 16.11% |
| 3 | Honda Motor | 127.13 Bn | 92.93 Bn | -34.06 Bn | -4,972.01% |
| 4 | Ford Motor | 81.51 Bn | 50.18 Bn | 6.08 Bn | 12.59% |
| 5 | General Motors | 78.38 Bn | 53.66 Bn | 7.33 Bn | 15.26% |
| 6 | Li Auto | 26.25 Bn | 12.80 Bn | 262.11 Mn | 7.87% |
| 7 | Xpeng | 23.13 Bn | 20.59 Bn | 388.90 Mn | 20.58% |
| 8 | Rivian Automotive | 21.08 Bn | 15.77 Bn | 179.00 Mn | 10.80% |
| 9 | Stellantis | 16.04 Bn | -25.41 Bn | 5.55 Bn | 10.98% |
| 10 | Niu Technologies | 400.83 Mn | 400.83 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% |