Pony (PNYG) Gross Margin (2019 - 2026)
Pony (PNYG) posted quarterly Gross Margin of 72.8% for Q1 2026, up 3440.0% year-over-year from 2.06% in Q1 2025, and up 169.92% quarter-over-quarter from 26.97% in Q4 2025.
Pony (PNYG) Gross Margin (2019 - 2026) Analysis & Trends
Pony (PNYG) has reported Gross Margin for 8 consecutive years, with 72.8% the latest figure, recorded in Q1 2026.
- In Q1 2026, Gross Margin rose 3440.0% year-over-year to 72.8%; the TTM figure through Mar 2026 stood at 39.31% (down 338.0% YoY), while the FY2025 annual figure was 33.49%, down 955.0% from the prior year.
- Gross Margin advanced to 72.8% in Q1 2026 per PNYG's latest filing, from 26.97% in the prior quarter.
- Across five years, Gross Margin topped out at 72.8% in Q1 2026 and bottomed at 2.77% in Q4 2022.
- Historically, Gross Margin has averaged 41.87% across 5 years, with a median of 40.5% in 2024.
- On a YoY basis, Gross Margin climbed as much as 17325 bps in 2022 and fell as far as 6918 bps in 2022.
- Pony's Gross Margin stood at 2.77% in 2022, then soared by 638 bps to 14.92% in 2023, then soared by 171 bps to 40.5% in 2024, then tumbled by 33 bps to 26.97% in 2025, then jumped by 170 bps to 72.8% in 2026.
- Business Quant data shows PNYG's Gross Margin at 72.8% in Q1 2026, 26.97% in Q4 2025, and 31.36% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Union Pacific | 182.58 Bn | 180.47 Bn | 6.50 Bn | 94.73% |
| 2 | Csx | 95.72 Bn | 94.33 Bn | 3.29 Bn | 83.63% |
| 3 | Canadian Pacific Kansas City | 85.71 Bn | 85.44 Bn | 2.92 Bn | 96.88% |
| 4 | Canadian National Railway | 79.38 Bn | 79.38 Bn | - | - |
| 5 | Norfolk Southern | 78.72 Bn | 77.65 Bn | - | - |
| 6 | Westinghouse Air Brake Technologies | 50.38 Bn | 49.71 Bn | 1.16 Bn | 36.52% |
| 7 | Trinity Industries | 2.37 Bn | 2.21 Bn | 109.90 Mn | 22.66% |
| 8 | Greenbrier Companies | 1.43 Bn | 1.15 Bn | 81.10 Mn | 14.07% |
| 9 | Foster L B | 392.93 Mn | 387.15 Mn | 30.87 Mn | 22.28% |
| 10 | Pony | 1.04 Mn | 1.03 Mn | 3,440.00 | 10.94% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 72.80% |
| Dec 31, 2025 | 26.97% |
| Sep 30, 2025 | 31.36% |
| Jun 30, 2025 | 37.02% |
| Mar 31, 2025 | 38.40% |
| Dec 31, 2024 | 40.50% |
| Sep 30, 2024 | 53.38% |
| Jun 30, 2024 | 45.14% |
| Mar 31, 2024 | 34.64% |
| Dec 31, 2023 | 14.92% |
| Sep 30, 2023 | 47.66% |
| Jun 30, 2023 | 55.82% |
| Mar 31, 2023 | 56.19% |
| Dec 31, 2022 | -2.77% |
| Sep 30, 2022 | 71.45% |
| Jun 30, 2022 | 71.43% |
| Mar 31, 2022 | 16.89% |
| Dec 31, 2021 | 66.40% |
| Sep 30, 2021 | 17.74% |
| Jun 30, 2021 | 48.01% |