Solo Brands (SBDS) Operating Margin (2021 - 2025)
Solo Brands (SBDS) posted Operating Margin of 81.7% for Q4 2025, down 167.87% sequentially from 30.5% in Q3 2025, and down 4323.0% YoY from 1.93% in Q4 2024.
Solo Brands (SBDS) Operating Margin (2021 - 2025) Analysis & Trends
Solo Brands has reported Operating Margin for 5 years, with the latest figure at 81.7% in Q4 2025.
- Quarterly Operating Margin fell 4323.0% year-over-year to 81.7% in Q4 2025, while the trailing twelve-month figure through Dec 2025 was 35.85% (up 257.0% YoY) and the FY2025 annual result came in at 35.85%, up 257.0% from the prior year.
- Operating Margin fell to 81.7% in Q4 2025 per SBDS's latest filing, from 30.5% in the prior quarter.
- Over five years, Operating Margin peaked at 34.77% in Q1 2021 and troughed at 145.65% in Q4 2023.
- A 5-year average of 18.47% and a median of 3.57% in 2022 frame the typical range for Operating Margin.
- The sharpest annual moves came in 2023 and 2024: Operating Margin plunged 15925 bps in 2023, then surged 10718 bps in 2024.
- Over 5 years, Operating Margin stood at 9.8% in 2021, then soared by 39 bps to 13.6% in 2022, then sank by 1171 bps to 145.65% in 2023, then jumped by 74 bps to 38.47% in 2024, then sank by 112 bps to 81.7% in 2025.
- According to Business Quant data, Operating Margin over the past three periods registered 81.7%, 30.5%, and 10.66% for Q4 2025, Q3 2025, and Q2 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Amazon Com | 2,942.52 Bn | 2,819.53 Bn | 198.88 Bn | 13.43% |
| 2 | PDD Holdings | 506.40 Bn | 446.86 Bn | 9.83 Bn | 22.37% |
| 3 | Mercadolibre | 98.49 Bn | 83.30 Bn | 4.16 Bn | 6.72% |
| 4 | DoorDash | 92.97 Bn | 87.62 Bn | 2.35 Bn | 3.50% |
| 5 | JD.com | 87.31 Bn | 58.13 Bn | 7.66 Bn | 1.21% |
| 6 | Sea | 78.18 Bn | 69.66 Bn | 3.15 Bn | 80.28% |
| 7 | Ebay | 47.28 Bn | 43.97 Bn | 2.30 Bn | 21.57% |
| 8 | Coupang | 29.61 Bn | 23.50 Bn | 2.49 Bn | -6.28% |
| 9 | Zkh | 16.42 Bn | 16.42 Bn | 51.11 Mn | -1.06% |
| 10 | Solo Brands | 5.64 Mn | -14.39 Mn | 57.03 Mn | -81.70% |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | -81.70% |
| Sep 30, 2025 | -30.50% |
| Jun 30, 2025 | -10.66% |
| Mar 31, 2025 | -13.78% |
| Dec 31, 2024 | -38.47% |
| Sep 30, 2024 | -122.46% |
| Jun 30, 2024 | 1.70% |
| Mar 31, 2024 | -7.44% |
| Dec 31, 2023 | -145.65% |
| Sep 30, 2023 | -1.20% |
| Jun 30, 2023 | 8.45% |
| Mar 31, 2023 | 3.63% |
| Dec 31, 2022 | 13.60% |
| Sep 30, 2022 | -3.22% |
| Jun 30, 2022 | -14.66% |
| Mar 31, 2022 | -3.92% |
| Dec 31, 2021 | 9.80% |
| Sep 30, 2021 | 6.21% |
| Jun 30, 2021 | 26.19% |
| Mar 31, 2021 | 34.77% |