Oatly Group AB OTLY
NASDAQ OTLY
$12.33 -0.28 (-2.21%)
As of: Sep 10, 2026 · 11:28 AM EDT

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

Historic Data

Download Data
DateValue
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%