Quhuo (QH) Gross Margin (2019 - 2025)
Quhuo (QH) posted quarterly Gross Margin of 0.6% for Q4 2025, down 284.0% year-over-year from 0.32% in Q4 2024, and down 82.64% quarter-over-quarter from 3.43% in Q4 2024.
Quhuo (QH) Gross Margin (2019 - 2025) Analysis & Trends
Quhuo (QH) has reported Gross Margin for 7 consecutive years, with 0.6% the latest figure, recorded in Q4 2025.
- In Q4 2025, Gross Margin fell 284.0% year-over-year to 0.6%; the TTM figure through Dec 2025 stood at 4.71% (down 108.0% YoY), while the FY2025 annual figure was 0.48%, down 194.0% from the prior year.
- Gross Margin eased to 0.6% in Q4 2025 per QH's latest filing, from 3.43% in the prior quarter.
- Across five years, Gross Margin topped out at 8.11% in Q4 2022 and bottomed at 2.66% in Q1 2021.
- Historically, Gross Margin has averaged 4.01% across 5 years, with a median of 4.81% in 2021.
- Annual changes were most pronounced in 2021 — Gross Margin tumbled 598 bps — and 2022, when it jumped 235 bps.
- Quhuo's Gross Margin stood at 5.76% in 2021, then surged 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.
- Business Quant data shows QH's Gross Margin at 0.6% in Q4 2025, 3.43% in Q4 2024, and 5.08% in Q4 2023.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 255.48 Bn | 234.41 Bn | 16.51 Bn | 73.08% |
| 2 | Shopify | 198.95 Bn | 194.00 Bn | 1.71 Bn | 47.67% |
| 3 | Salesforce | 160.70 Bn | 148.86 Bn | 8.56 Bn | 76.92% |
| 4 | Uber Technologies | 154.94 Bn | 149.73 Bn | 6.38 Bn | 44.93% |
| 5 | ServiceNow | 128.25 Bn | 123.58 Bn | 2.82 Bn | 70.68% |
| 6 | Snowflake | 114.00 Bn | 111.05 Bn | 926.45 Mn | 66.61% |
| 7 | Automatic Data Processing | 108.58 Bn | 104.35 Bn | 2.51 Bn | 45.88% |
| 8 | Adobe | 105.34 Bn | 99.72 Bn | 5.90 Bn | 89.20% |
| 9 | Intuit | 94.55 Bn | 87.77 Bn | 7.24 Bn | 84.61% |
| 10 | Quhuo | 222,602.88 | -236.16 Mn | 1.19 Mn | 0.60% |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 0.60% |
| Dec 31, 2024 | 3.43% |
| Dec 31, 2023 | 5.08% |
| Dec 31, 2022 | 8.11% |
| Dec 31, 2021 | 5.76% |
| Sep 30, 2021 | 4.54% |
| Jun 30, 2021 | 7.24% |
| Mar 31, 2021 | -2.66% |
| Dec 31, 2020 | 4.60% |
| Sep 30, 2020 | 10.51% |
| Jun 30, 2020 | 11.02% |
| Mar 31, 2020 | 2.84% |
| Dec 31, 2019 | 6.54% |
| Sep 30, 2019 | 7.45% |
| Jun 30, 2019 | 11.79% |