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
DateValue
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%