Oatly Group AB (OTLY) Cost of Revenue (2020 - 2026)
Oatly Group AB (OTLY) posted quarterly Cost of Revenue of $158.7 million for Q2 2026, up 12.79% year-over-year from $140.7 million in Q2 2025, and up 4.44% quarter-over-quarter from $152.0 million in Q1 2026.
Oatly Group AB (OTLY) Cost of Revenue (2020 - 2026) Analysis & Trends
Oatly Group AB (OTLY) has reported Cost of Revenue for 7 consecutive years, with $158.7 million the latest figure, recorded in Q2 2026.
- In Q2 2026, Cost of Revenue rose 12.79% year-over-year to $158.7 million; the TTM figure through Jun 2026 stood at $620.2 million (up 7.93% YoY), while the FY2025 annual figure was $585.4 million, changed 0.3% from the prior year.
- Cost of Revenue grew to $158.7 million in Q2 2026 per OTLY's latest filing, from $152.0 million in the prior quarter.
- Across five years, Cost of Revenue topped out at $178.0 million in Q3 2022 and bottomed at $135.2 million in Q1 2025.
- Historically, Cost of Revenue has averaged $153.2 million across 5 years, with a median of $152.9 million in 2024.
- Annual changes were most pronounced in 2022 — Cost of Revenue surged 53.22% — and 2023, when it declined 12.92%.
- Oatly Group AB's Cost of Revenue stood at $164.0 million in 2022, then dropped by 4.68% to $156.3 million in 2023, then retreated by 2.33% to $152.7 million in 2024, then climbed by 0.21% to $153.0 million in 2025, then grew by 3.73% to $158.7 million in 2026.
- Business Quant data shows OTLY's Cost of Revenue at $158.7 million in Q2 2026, $152.0 million in Q1 2026, and $153.0 million in Q4 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Kraft Heinz | 30.37 Bn | 27.69 Bn | 2.03 Bn | 4.23 Bn |
| 2 | General Mills | 21.49 Bn | 21.03 Bn | 1.60 Bn | 3.01 Bn |
| 3 | Mccormick | 14.93 Bn | 14.60 Bn | 778.20 Mn | 1.16 Bn |
| 4 | Jbs | 14.80 Bn | 11.34 Bn | 4.91 Bn | 40.60 Bn |
| 5 | J M Smucker | 13.21 Bn | 13.15 Bn | 862.10 Mn | 1.41 Bn |
| 6 | Hormel Foods | 13.14 Bn | 12.28 Bn | 518.51 Mn | 2.45 Bn |
| 7 | Magnum Ice Cream | 12.22 Bn | 11.50 Bn | - | - |
| 8 | Darling Ingredients | 10.40 Bn | 10.24 Bn | 503.37 Mn | 1.22 Bn |
| 9 | Smithfield Foods | 8.75 Bn | 7.40 Bn | 478.00 Mn | 3.22 Bn |
| 10 | Oatly Group AB | 455.96 Mn | 411.31 Mn | 81.36 Mn | 158.73 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 158.73 Mn |
| Jun 30, 2026 | 158.73 Mn |
| Mar 31, 2026 | 151.99 Mn |
| Mar 31, 2026 | 151.99 Mn |
| Dec 31, 2025 | 153.02 Mn |
| Dec 31, 2025 | 153.02 Mn |
| Sep 30, 2025 | 156.45 Mn |
| Sep 30, 2025 | 156.45 Mn |
| Jun 30, 2025 | 140.73 Mn |
| Jun 30, 2025 | 140.73 Mn |
| Mar 31, 2025 | 135.20 Mn |
| Mar 31, 2025 | 135.20 Mn |
| Dec 31, 2024 | 152.70 Mn |
| Dec 31, 2024 | 152.70 Mn |
| Sep 30, 2024 | 145.98 Mn |
| Sep 30, 2024 | 145.98 Mn |
| Jun 30, 2024 | 143.24 Mn |
| Jun 30, 2024 | 143.24 Mn |
| Mar 31, 2024 | 145.26 Mn |
| Mar 31, 2024 | 145.26 Mn |