Pioneer Power Solutions (PPSI) Gross Margin (2010 - 2026)
Pioneer Power Solutions' Gross Margin was 13.64% in Q1 2026, up 11.45 percentage points from 2.20% a year earlier but down 9.88 percentage points from the prior quarter.
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Analysis
Pioneer Power Solutions (PPSI) Gross Margin (2010 - 2026) Analysis & Trends
On a trailing twelve-month basis, Pioneer Power Solutions' Gross Margin was 15.35% through Mar 31, 2026, down 4.15 percentage points year-over-year; for FY2025, it came in at 12.40%, down 11.70 percentage points from FY2024.
- Gross Margin shows a five-year change of +7.88 percentage points (FY2020 to FY2025).
- In earlier years, Gross Margin was 24.10% in FY2024 (+4.08 pp), 20.02% in FY2023 (+9.10 pp), 10.92% in FY2022 (+3.31 pp) and 7.61% in FY2021 (+3.09 pp).
- Quarterly Gross Margin has moved between -25.47% (Q2 2022) and 34.13% (Q3 2022) over five years.
- Compared with a year earlier, Gross Margin was higher in 1 of the last seven quarters, with an average year-over-year change of -6.67 percentage points.
- The best year-over-year quarter for Gross Margin over five years was Q2 2023 (a gain of 57.04 percentage points); the worst was Q2 2022 (a drop of 34.27 percentage points).
- Per Business Quant data, PPSI's Gross Margin in the three quarters before Q1 2026 was 23.52% (Q4 2025), 9.29% (Q3 2025) and 15.70% (Q2 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | GE Vernova | 238.25 Bn | 198.17 Bn | 2.36 Bn | 21.25% |
| 2 | Bloom Energy | 64.00 Bn | 55.79 Bn | 355.57 Mn | 33.38% |
| 3 | First Solar | 18.75 Bn | 9.70 Bn | 605.00 Mn | 57.28% |
| 4 | BWX Technologies | 12.32 Bn | 10.62 Bn | 202.31 Mn | 22.44% |
| 5 | Nextpower | 11.91 Bn | 7.80 Bn | 335.85 Mn | 35.91% |
| 6 | Generac Holdings | 11.42 Bn | 10.25 Bn | 521.81 Mn | 44.47% |
| 7 | EnerSys | 6.22 Bn | 4.41 Bn | 313.36 Mn | 33.49% |
| 8 | Enphase Energy | 4.25 Bn | -607.94 Mn | 175.01 Mn | 59.97% |
| 9 | Mirion Technologies | 3.72 Bn | 1.56 Bn | 133.10 Mn | 49.89% |
| 10 | Pioneer Power Solutions | 31.07 Mn | -25.48 Mn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| 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% |
| 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% |
| Mar 31, 2021 | 4.54% |
API Access
Pioneer Power Solutions Gross Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=gross-margin&ticker=PPSI&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "ticker": "PPSI", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=gross-margin&ticker=PPSI&period=max&api_key=YOUR_API_KEY");
const data = await res.json();