Petmed Express (PETS) Gross Margin (2010 - 2025)
Petmed Express (PETS) reported Gross Margin of 23.26% for Q4 2025, down 779.0% on a YoY basis from 3.43% in Q4 2024, and down 16.9% quarter-over-quarter from 27.98% in Q3 2025.
Petmed Express (PETS) Gross Margin (2010 - 2025) Analysis & Trends
Petmed Express has reported Gross Margin for 16 years, with the latest figure at 23.26% in Q4 2025.
- For the quarter ending Q4 2025, Gross Margin fell 779.0% year-over-year to 23.26%; the trailing twelve-month figure through Dec 2025 stood at 27.53% (down 274.0% YoY), and the FY2025 full-year result was 30.46%, down 47.0% from the prior year.
- Gross Margin for Q4 2025 stood at 23.26%, down from 27.98% in the prior quarter.
- The five-year high for Gross Margin was 32.94% in Q2 2023, with the low at 23.26% in Q4 2025.
- Historically, Gross Margin has averaged 29.59% across 5 years, with a median of 29.4% in 2022.
- Annual changes were most pronounced in 2022 — Gross Margin jumped 335 bps — and 2025, when it plunged 779 bps.
- Petmed Express' Gross Margin stood at 29.26% in 2021, then decreased by 1 bps to 28.95% in 2022, then rose by 5 bps to 30.51% in 2023, then grew by 2 bps to 31.04% in 2024, then retreated by 25 bps to 23.26% in 2025.
- The last three Gross Margin figures came in at 23.26% (Q4 2025), 27.98% (Q3 2025), and 28.14% (Q2 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | High Tide | 558.20 Mn | 531.28 Mn | 32.00 Mn | 24.90% |
| 2 | Wellgistics Health | 385.01 Mn | 384.95 Mn | 170,221.00 | 10.91% |
| 3 | Petmed Express | 35.71 Mn | 8.80 Mn | 9.46 Mn | 23.26% |
| 4 | Scienture Holdings | 14.72 Mn | 14.72 Mn | 53,850.00 | 95.61% |
| 5 | Ridgetech | 15.50 | -4.11 Mn | - | - |
| 6 | Scientist Home Future Health | - | - | 32,589.00 | 37.00% |
| 7 | BioScience Health Innovations | - | - | 485,596.00 | 64.66% |
| 8 | Rest Ez | - | - | - | - |
| 9 | Polomar Health Services | - | - | 550,489.00 | 54.75% |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 23.26% |
| Sep 30, 2025 | 27.98% |
| Jun 30, 2025 | 28.14% |
| Mar 31, 2025 | 29.94% |
| Dec 31, 2024 | 31.04% |
| Sep 30, 2024 | 32.34% |
| Jun 30, 2024 | 28.75% |
| Mar 31, 2024 | 29.34% |
| Dec 31, 2023 | 30.51% |
| Sep 30, 2023 | 30.60% |
| Jun 30, 2023 | 32.94% |
| Mar 31, 2023 | 31.62% |
| Dec 31, 2022 | 28.95% |
| Sep 30, 2022 | 31.87% |
| Jun 30, 2022 | 31.01% |
| Mar 31, 2022 | 29.46% |
| Dec 31, 2021 | 29.26% |
| Sep 30, 2021 | 28.58% |
| Jun 30, 2021 | 27.65% |
| Mar 31, 2021 | 28.63% |