Pioneer Power Solutions (PPSI) Gross Margin (2010 - 2026)

Pioneer Power Solutions (PPSI) reported Gross Margin of 13.64% for Q1 2026, up 1145.0% year-over-year from 1.1% in Q1 2025, and down 42.0% quarter-over-quarter from 23.52% in Q4 2025.

Pioneer Power Solutions (PPSI) Gross Margin (2010 - 2026) Analysis & Trends

Pioneer Power Solutions (PPSI) has 17 years of Gross Margin data on file, last reported at 13.64% in Q1 2026.

  • Gross Margin for Q1 2026 came in at 13.64%, up 1145.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 15.35% (down 415.0% YoY), and the FY2025 annual result was 12.4%, down 1170.0% from the prior year.
  • Gross Margin declined to 13.64% in Q1 2026 per PPSI's latest filing, from 23.52% in the prior quarter.
  • Over five years, Gross Margin peaked at 36.91% in Q4 2023 and troughed at 25.47% in Q2 2022.
  • A 5-year average of 18.25% and a median of 23.52% in 2025 frame the typical range for Gross Margin.
  • The sharpest annual moves came in 2022 and 2023: Gross Margin sank 3427 bps in 2022, then surged 5704 bps in 2023.
  • A 5-year view of Gross Margin shows it stood at 33.2% in 2022, then gained by 11 bps to 36.91% in 2023, then fell by 22 bps to 28.87% in 2024, then fell by 19 bps to 23.52% in 2025, then sank by 42 bps to 13.64% in 2026.
  • Business Quant data shows PPSI's Gross Margin at 13.64% in Q1 2026, 23.52% in Q4 2025, and 9.29% in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Gross Margin (Qtr)
1 Novonix 479.97 Bn 479.92 Bn - -
2 Vertiv Holdings 114.69 Bn 112.19 Bn 999.70 Mn 37.73%
3 Bloom Energy 79.53 Bn 77.06 Bn 225.54 Mn 30.03%
4 nVent Electric 27.08 Bn 26.89 Bn 445.60 Mn 35.88%
5 Hubbell 26.67 Bn 26.16 Bn 505.30 Mn 33.32%
6 Advanced Energy Industries 13.19 Bn 13.19 Bn 200.90 Mn 39.32%
7 Powell Industries 10.63 Bn 10.09 Bn 87.94 Mn 29.65%
8 Ballard Power Systems 10.07 Bn 9.54 Bn 5.64 Mn 16.77%
9 Acuity Inc. (De) 9.39 Bn 9.12 Bn 520.40 Mn 49.29%
10 Pioneer Power Solutions 49.82 Mn 36.24 Mn 582,000.00 13.64%

Historic Data

Download Data
DateValue
Mar 31, 2026 13.64%
Dec 31, 2025 23.52%
Sep 30, 2025 9.29%
Jun 30, 2025 15.70%
Mar 31, 2025 2.20%
Dec 31, 2024 28.87%
Sep 30, 2024 23.72%
Jun 30, 2024 18.88%
Mar 31, 2024 16.14%
Dec 31, 2023 36.91%
Sep 30, 2023 32.29%
Jun 30, 2023 31.57%
Mar 31, 2023 29.65%
Dec 31, 2022 33.20%
Sep 30, 2022 34.13%
Jun 30, 2022 -25.47%
Mar 31, 2022 -14.01%
Dec 31, 2021 0.71%
Sep 30, 2021 12.54%
Jun 30, 2021 8.80%