Oatly Group AB (OTLY) Gross Margin (2020 - 2026)
Oatly Group AB's (OTLY) quarterly Gross Margin came in at 33.89% in Q2 2026, up 143.0% year-over-year from 13.95% in Q2 2025, and up 1.36% quarter-over-quarter from 33.43% in Q1 2026.
Analysis
Oatly Group AB (OTLY) Gross Margin (2020 - 2026) Analysis & Trends
Oatly Group AB (OTLY) has reported Gross Margin for 7 consecutive years, with 33.89% the latest figure, recorded in Q2 2026.
- On a quarterly basis, Gross Margin rose 143.0% year-over-year to 33.89% in Q2 2026; TTM through Jun 2026 was 32.95%, a 233.0% increase from a year earlier, with the FY2025 full-year figure at 32.12%, up 341.0% from the prior year.
- Gross Margin was 33.89% for Q2 2026 at Oatly Group AB, up from 33.43% in the prior quarter.
- Over five years, Gross Margin peaked at 34.54% in Q4 2025 and troughed at 2.72% in Q3 2022.
- A 5-year average of 23.99% and a median of 27.91% in 2024 frame the typical range for Gross Margin.
- Across the five-year window, Gross Margin tumbled 2351 bps in 2022 and jumped 1464 bps in 2023, its largest moves.
- Over 5 years, Gross Margin stood at 15.92% in 2022, then soared by 47 bps to 23.41% in 2023, then rose by 23 bps to 28.75% in 2024, then grew by 20 bps to 34.54% in 2025, then declined by 2 bps to 33.89% in 2026.
- The last three Gross Margin figures came in at 33.89% (Q2 2026), 33.43% (Q1 2026), and 34.54% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Coca Cola | 380.38 Bn | 366.23 Bn | 8.42 Bn | 62.89% |
| 2 | Pepsico | 186.87 Bn | 176.15 Bn | 13.11 Bn | 54.22% |
| 3 | Monster Beverage | 84.95 Bn | 81.53 Bn | 1.42 Bn | 55.95% |
| 4 | Keurig Dr Pepper | 43.60 Bn | 42.08 Bn | 3.07 Bn | 41.95% |
| 5 | Andina Bottling | 22.15 Bn | -308.74 Bn | 698.26 Mn | 40.03% |
| 6 | Coca Cola Femsa Sab De Cv | 18.74 Bn | 17.96 Bn | 2.06 Bn | 47.09% |
| 7 | Coca-Cola Consolidated | 12.58 Bn | 12.41 Bn | 778.41 Mn | 37.93% |
| 8 | Primo Brands | 7.53 Bn | 7.16 Bn | 548.70 Mn | 30.55% |
| 9 | Celsius Holdings | 6.87 Bn | 6.24 Bn | 393.69 Mn | 48.13% |
| 10 | Oatly Group AB | 374.54 Mn | 329.89 Mn | 81.36 Mn | 33.89% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 33.89% |
| Mar 31, 2026 | 33.43% |
| Dec 31, 2025 | 34.54% |
| Sep 30, 2025 | 29.78% |
| Jun 30, 2025 | 32.46% |
| Mar 31, 2025 | 31.55% |
| Dec 31, 2024 | 28.75% |
| Sep 30, 2024 | 29.82% |
| Jun 30, 2024 | 29.16% |
| Mar 31, 2024 | 27.06% |
| Dec 31, 2023 | 23.41% |
| Sep 30, 2023 | 17.36% |
| Jun 30, 2023 | 19.21% |
| Mar 31, 2023 | 17.42% |
| Dec 31, 2022 | 15.92% |
| Sep 30, 2022 | 2.72% |
| Jun 30, 2022 | 15.81% |
| Mar 31, 2022 | 9.54% |
| Dec 31, 2021 | 15.92% |
| Sep 30, 2021 | 26.23% |