Quhuo (QH) Gross Margin (2019 - 2025)

Quhuo (QH) has 7 years of Gross Margin data on file, last reported at 0.6% in Q4 2025.

• On a quarterly basis, Gross Margin fell 284.0% year-over-year to 0.6% in Q4 2025; TTM through Dec 2025 was 4.71%, a 108.0% decrease from a year earlier, with the FY2025 full-year figure at 0.48%, down 194.0% from the prior year.
• Gross Margin for Q4 2025 stood at 0.6%, down from 3.43% in the prior quarter.
• Over the last five years, Gross Margin for QH reached as high as 8.11% in Q4 2022 and fell as low as 2.66% in Q1 2021.
• Historically, Gross Margin has averaged 4.01% across 5 years, with a median of 4.81% in 2021.
• Across the five-year window, Gross Margin sank 598 bps in 2021 and surged 235 bps in 2022, its largest moves.
• Year by year, Gross Margin stood at 5.76% in 2021, then jumped by 41 bps to 8.11% in 2022, then sank by 37 bps to 5.08% in 2023, then sank by 32 bps to 3.43% in 2024, then sank by 83 bps to 0.6% in 2025.
• Per Business Quant data, the three most recent Gross Margin figures were 0.6% in Q4 2025, 3.43% in Q4 2024, and 5.08% in Q4 2023.