Orion Energy Systems (OESX) Gross Margin (2010 - 2025)
Orion Energy Systems' (OESX) quarterly Gross Margin came in at 30.85% in Q4 2025, up 147.0% year-on-year from 12.49% in Q4 2024, and down 0.5% quarter-over-quarter from 31.01% in Q3 2025.
Orion Energy Systems (OESX) Gross Margin (2010 - 2025) Analysis & Trends
Orion Energy Systems has disclosed Gross Margin across 16 years of filings, most recently posting 30.85% for Q4 2025.
- Gross Margin for Q4 2025 came in at 30.85%, up 147.0% year-over-year; the trailing twelve-month figure through Dec 2025 was 29.99% (up 490.0% YoY), and the FY2025 annual result was 25.63%, up 253.0% from the prior year.
- Gross Margin came in at 30.85% for Q4 2025 at Orion Energy Systems, down from 31.01% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 31.01% in Q3 2025 to a low of 18.01% in Q2 2023.
- The 5-year median for Gross Margin is 25.07% (2022), against an average of 25.44%.
- Across the five-year window, Gross Margin plunged 930 bps in 2022 and surged 853 bps in 2025, its largest moves.
- Orion Energy Systems' Gross Margin stood at 24.88% in 2021, then dropped by 5 bps to 23.57% in 2022, then increased by 4 bps to 24.53% in 2023, then grew by 20 bps to 29.38% in 2024, then rose by 5 bps to 30.85% in 2025.
- The last three Gross Margin figures came in at 30.85% (Q4 2025), 31.01% (Q3 2025), and 30.15% (Q2 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Novonix | 479.97 Bn | 479.92 Bn | - | - |
| 2 | Vertiv Holdings | 114.69 Bn | 112.19 Bn | 999.70 Mn | 37.73% |
| 3 | Bloom Energy | 79.53 Bn | 77.06 Bn | 225.54 Mn | 30.03% |
| 4 | nVent Electric | 27.08 Bn | 26.89 Bn | 445.60 Mn | 35.88% |
| 5 | Hubbell | 26.67 Bn | 26.16 Bn | 505.30 Mn | 33.32% |
| 6 | Advanced Energy Industries | 13.19 Bn | 13.19 Bn | 200.90 Mn | 39.32% |
| 7 | Powell Industries | 10.63 Bn | 10.09 Bn | 87.94 Mn | 29.65% |
| 8 | Ballard Power Systems | 10.07 Bn | 9.54 Bn | 5.64 Mn | 16.77% |
| 9 | Acuity Inc. (De) | 9.39 Bn | 9.12 Bn | 520.40 Mn | 49.29% |
| 10 | Orion Energy Systems | 32.05 Mn | 27.33 Mn | 6.51 Mn | 30.85% |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 30.85% |
| Sep 30, 2025 | 31.01% |
| Jun 30, 2025 | 30.15% |
| Mar 31, 2025 | 27.96% |
| Dec 31, 2024 | 29.38% |
| Sep 30, 2024 | 23.39% |
| Jun 30, 2024 | 21.62% |
| Mar 31, 2024 | 25.76% |
| Dec 31, 2023 | 24.53% |
| Sep 30, 2023 | 22.22% |
| Jun 30, 2023 | 18.01% |
| Mar 31, 2023 | 21.92% |
| Dec 31, 2022 | 23.57% |
| Sep 30, 2022 | 25.26% |
| Jun 30, 2022 | 19.85% |
| Mar 31, 2022 | 23.81% |
| Dec 31, 2021 | 24.88% |
| Sep 30, 2021 | 29.55% |
| Jun 30, 2021 | 29.14% |
| Mar 31, 2021 | 25.97% |