Quhuo (QH) Gross Margin (2019 - 2025)

Quhuo (QH) has reported Gross Margin for 7 consecutive years, with 0.6% the latest figure, recorded 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 198.0% from the prior year.
• Gross Margin was 0.6% for Q4 2025 at Quhuo, down from 3.43% in the prior quarter.
• Over five years, Gross Margin peaked at 8.11% in Q4 2022 and troughed at 2.66% in Q1 2021.
• A 5-year average of 4.01% and a median of 4.81% in 2021 frame the typical range for Gross Margin.
• Across the five-year window, Gross Margin plunged 598 bps in 2021 and soared 235 bps in 2022, its largest moves.
• Over 5 years, Gross Margin stood at 5.76% in 2021, then soared 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.
• The last three Gross Margin figures came in at 0.6% (Q4 2025), 3.43% (Q4 2024), and 5.08% (Q4 2023), per Business Quant data.