Oatly Group AB (OTLY) Gross Margin (2020 - 2026)
Oatly Group AB (OTLY) posted quarterly Gross Margin of 33.89% for 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.
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.
- In Q2 2026, Gross Margin rose 143.0% year-over-year to 33.89%; the TTM figure through Jun 2026 stood at 32.95% (up 233.0% YoY), while the FY2025 annual figure was 32.12%, up 341.0% from the prior year.
- Gross Margin advanced to 33.89% in Q2 2026 per OTLY's latest filing, from 33.43% in the prior quarter.
- Across five years, Gross Margin topped out at 34.54% in Q4 2025 and bottomed at 2.72% in Q3 2022.
- Historically, Gross Margin has averaged 23.99% across 5 years, with a median of 27.91% in 2024.
- Annual changes were most pronounced in 2022 — Gross Margin slumped 2351 bps — and 2023, when it surged 1464 bps.
- Oatly Group AB's Gross Margin stood at 15.92% in 2022, then surged by 47 bps to 23.41% in 2023, then advanced by 23 bps to 28.75% in 2024, then rose by 20 bps to 34.54% in 2025, then retreated by 2 bps to 33.89% in 2026.
- Business Quant data shows OTLY's Gross Margin at 33.89% in Q2 2026, 33.43% in Q1 2026, and 34.54% in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Kraft Heinz | 30.23 Bn | 27.54 Bn | 2.03 Bn | 32.39% |
| 2 | General Mills | 21.36 Bn | 20.90 Bn | 1.60 Bn | 34.79% |
| 3 | Mccormick | 14.89 Bn | 14.56 Bn | 778.20 Mn | 40.18% |
| 4 | Jbs | 14.54 Bn | 11.07 Bn | 4.91 Bn | 10.79% |
| 5 | Hormel Foods | 13.26 Bn | 12.40 Bn | 518.51 Mn | 17.44% |
| 6 | J M Smucker | 13.17 Bn | 13.11 Bn | 862.10 Mn | 38.01% |
| 7 | Magnum Ice Cream | 12.10 Bn | 11.38 Bn | - | - |
| 8 | Darling Ingredients | 10.78 Bn | 10.62 Bn | 503.37 Mn | 29.20% |
| 9 | Smithfield Foods | 8.77 Bn | 7.42 Bn | 478.00 Mn | 12.92% |
| 10 | Oatly Group AB | 448.56 Mn | 403.92 Mn | 81.36 Mn | 33.89% |
Historic Data
Download 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% |