Oatly Group AB (OTLY) Gross Margin (2020 - 2026)
Oatly Group AB's (OTLY) quarterly Gross Margin came in at 33.43% in Q1 2026, up 188.0% year-on-year from 11.61% in Q1 2025, and down 3.21% on a QoQ basis from 34.54% in Q4 2025.
Oatly Group AB (OTLY) Gross Margin (2020 - 2026) Analysis & Trends
Oatly Group AB (OTLY) has 7 years of Gross Margin data on file, last reported at 33.43% in Q1 2026.
- On a quarterly basis, Gross Margin rose 188.0% year-over-year to 33.43% in Q1 2026; TTM through Mar 2026 was 32.59%, a 279.0% increase from a year earlier, with the FY2025 full-year figure at 32.12%, up 341.0% from the prior year.
- Gross Margin for Q1 2026 stood at 33.43%, down from 34.54% in the prior quarter.
- Over the last five years, Gross Margin for OTLY reached as high as 34.54% in Q4 2025 and fell as low as 2.72% in Q3 2022.
- Historically, Gross Margin has averaged 23.41% across 5 years, with a median of 27.06% in 2024.
- Across the five-year window, Gross Margin plunged 2351 bps in 2022 and soared 1464 bps in 2023, its largest moves.
- Year by year, Gross Margin stood at 15.92% in 2022, then jumped by 47 bps to 23.41% in 2023, then grew by 23 bps to 28.75% in 2024, then advanced by 20 bps to 34.54% in 2025, then slipped by 3 bps to 33.43% in 2026.
- Per Business Quant data, the three most recent Gross Margin figures were 33.43% in Q1 2026, 34.54% in Q4 2025, and 29.78% in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Kraft Heinz | 30.29 Bn | 26.20 Bn | 2.22 Bn | 36.70% |
| 2 | General Mills | 19.35 Bn | 18.90 Bn | 1.60 Bn | 34.79% |
| 3 | Hormel Foods | 13.90 Bn | 13.04 Bn | 518.51 Mn | 17.44% |
| 4 | Mccormick | 13.45 Bn | 13.12 Bn | 778.20 Mn | 40.18% |
| 5 | Magnum Ice Cream | 10.95 Bn | 10.43 Bn | - | - |
| 6 | Smithfield Foods | 10.34 Bn | 8.95 Bn | 511.00 Mn | 13.45% |
| 7 | Darling Ingredients | 9.92 Bn | 9.80 Bn | 404.92 Mn | 26.11% |
| 8 | Oatly Group AB | 8.23 Bn | 8.23 Bn | 76.34 Mn | 33.43% |
| 9 | Conagra Brands | 7.07 Bn | 6.85 Bn | 704.10 Mn | 24.43% |
| 10 | Lamb Weston Holdings | 6.87 Bn | 6.81 Bn | 331.60 Mn | 21.19% |
Historic Data
Download Data| Date | Value |
|---|---|
| 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% |
| Jun 30, 2021 | 26.42% |