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% on a QoQ basis from 23.52% in Q4 2025.
Pioneer Power Solutions (PPSI) has 17 years of Gross Margin data on file, last reported at 13.64% in Q1 2026.
- Quarterly Gross Margin rose 1145.0% year-over-year to 13.64% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 15.35% (down 415.0% YoY) and the FY2025 annual result came in at 12.4%, down 1170.0% from the prior year.
- Gross Margin fell to 13.64% in Q1 2026 per PPSI's latest filing, from 23.52% in the prior quarter.
- Across five years, Gross Margin topped out at 36.91% in Q4 2023 and bottomed at 25.47% in Q2 2022.
- The 5-year median for Gross Margin is 23.52% (2025), against an average of 18.25%.
- The widest annual swing landed in 2022, when Gross Margin tumbled 3427 bps; it then soared 5704 bps in 2023.
- Tracing PPSI's Gross Margin over 5 years: stood at 33.2% in 2022, then increased by 11 bps to 36.91% in 2023, then dropped by 22 bps to 28.87% in 2024, then dropped by 19 bps to 23.52% in 2025, then tumbled by 42 bps to 13.64% in 2026.
- Per Business Quant, the three latest PPSI Gross Margin figures stand at 13.64% (Q1 2026), 23.52% (Q4 2025), and 9.29% (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Vertiv Holdings | 125.39 Bn | 122.89 Bn | 999.70 Mn | 37.73% |
| 2 | Bloom Energy | 85.22 Bn | 82.75 Bn | 225.54 Mn | 30.03% |
| 3 | nVent Electric | 26.63 Bn | 26.44 Bn | 445.60 Mn | 35.88% |
| 4 | Hubbell | 25.22 Bn | 24.72 Bn | 505.30 Mn | 33.32% |
| 5 | Advanced Energy Industries | 12.25 Bn | 12.25 Bn | 200.90 Mn | 39.32% |
| 6 | Powell Industries | 10.16 Bn | 9.61 Bn | 87.94 Mn | 29.65% |
| 7 | Acuity Inc. (De) | 8.82 Bn | 8.55 Bn | 520.40 Mn | 49.29% |
| 8 | EnerSys | 8.70 Bn | 8.26 Bn | 290.87 Mn | 29.44% |
| 9 | Plug Power | 5.25 Bn | 4.87 Bn | -21.61 Mn | -13.21% |
| 10 | Pioneer Power Solutions | 57.81 Mn | 44.23 Mn | 582,000.00 | 13.64% |
Historic Data
Download 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% |
| 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% |
| Mar 31, 2021 | 4.54% |
| Dec 31, 2020 | 4.91% |
| Sep 30, 2020 | 18.24% |
| Jun 30, 2020 | -5.84% |
| Mar 31, 2020 | 3.54% |
| Dec 31, 2019 | 1.97% |
| Sep 30, 2019 | 4.60% |
| Jun 30, 2019 | 9.72% |
| Mar 31, 2019 | 16.60% |
| Dec 31, 2018 | 18.90% |
| Sep 30, 2018 | 13.07% |
| Jun 30, 2018 | 4.98% |
| Mar 31, 2018 | 19.07% |
| Dec 31, 2017 | 3.65% |
| Sep 30, 2017 | 19.66% |
| Jun 30, 2017 | 21.34% |
| Mar 31, 2017 | 22.22% |
| Dec 31, 2016 | 25.50% |
| Sep 30, 2016 | 22.17% |
| Jun 30, 2016 | 20.94% |
| Mar 31, 2016 | 22.05% |
| Dec 31, 2015 | 21.95% |
| Sep 30, 2015 | 20.22% |
| Jun 30, 2015 | 19.15% |
| Mar 31, 2015 | 19.27% |
| Dec 31, 2014 | 9.75% |
| Sep 30, 2014 | 25.69% |
| Jun 30, 2014 | 19.88% |
| Mar 31, 2014 | 23.55% |
| Dec 31, 2013 | 24.62% |
| Sep 30, 2013 | 26.28% |
| Jun 30, 2013 | 25.37% |
| Mar 31, 2013 | 22.53% |
| Dec 31, 2012 | 23.76% |
| Sep 30, 2012 | 21.94% |
| Jun 30, 2012 | 21.83% |
| Mar 31, 2012 | 22.59% |
| Dec 31, 2011 | 22.90% |
| Sep 30, 2011 | 21.29% |
| Jun 30, 2011 | 21.64% |
| Mar 31, 2011 | 27.48% |
| Dec 31, 2010 | 29.37% |
| Sep 30, 2010 | 22.03% |
| Jun 30, 2010 | 24.15% |