Pioneer Power Solutions (PPSI) Gross Margin (2010 - 2026)
Pioneer Power Solutions (PPSI) posted Gross Margin of 13.64% for Q1 2026, down 42.0% sequentially from 23.52% in Q4 2025, and up 1145.0% YoY from 1.1% in Q1 2025.
Pioneer Power Solutions (PPSI) Gross Margin (2010 - 2026) Analysis & Trends
Pioneer Power Solutions has reported Gross Margin for 17 years, with the latest figure 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% (up 754.0% YoY) and the FY2025 annual result came in at 12.4%, up 173.0% from the prior year.
- Gross Margin slipped 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 16.4% and a median of 18.88% in 2024 frame the typical range for Gross Margin.
- The sharpest annual moves came in 2023 and 2024: Gross Margin surged 5704 bps in 2023, then slumped 3954 bps in 2024.
- Over 5 years, Gross Margin stood at 33.2% in 2022, then advanced by 11 bps to 36.91% in 2023, then slumped by 107 bps to 2.64% in 2024, then soared by 993 bps to 23.52% in 2025, then slumped by 42 bps to 13.64% in 2026.
- According to Business Quant data, Gross Margin over the past three periods registered 13.64%, 23.52%, and 9.29% for Q1 2026, Q4 2025, and Q3 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Vertiv Holdings | 99.95 Bn | 96.84 Bn | 1.23 Bn | 37.71% |
| 2 | Bloom Energy | 56.50 Bn | 53.83 Bn | 355.57 Mn | 33.38% |
| 3 | Hubbell | 24.95 Bn | 24.55 Bn | 613.00 Mn | 35.81% |
| 4 | nVent Electric | 24.76 Bn | 24.50 Bn | 558.00 Mn | 37.93% |
| 5 | Advanced Energy Industries | 11.15 Bn | 9.73 Bn | 236.10 Mn | 41.13% |
| 6 | Acuity Inc. (De) | 10.35 Bn | 9.94 Bn | 606.40 Mn | 50.62% |
| 7 | Powell Industries | 7.24 Bn | 6.61 Bn | 95.30 Mn | 30.57% |
| 8 | EnerSys | 6.92 Bn | 6.39 Bn | 313.36 Mn | 33.49% |
| 9 | Plug Power | 3.21 Bn | 2.89 Bn | -1.68 Mn | -0.94% |
| 10 | Pioneer Power Solutions | 32.07 Mn | 21.40 Mn | - | - |
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 | -2.64% |
| 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% |