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
DateValue
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%