Solo Brands (SBDS) Operating Margin (2021 - 2025)
Solo Brands' (SBDS) quarterly Operating Margin came in at 81.7% in Q4 2025, down 4323.0% year-on-year from 1.93% in Q4 2024, and down 167.87% quarter-over-quarter from 30.5% in Q3 2025.
Solo Brands (SBDS) Operating Margin (2021 - 2025) Analysis & Trends
Solo Brands has disclosed Operating Margin across 5 years of filings, most recently posting 81.7% for Q4 2025.
- Operating Margin for Q4 2025 came in at 81.7%, down 4323.0% year-over-year; the trailing twelve-month figure through Dec 2025 was 35.85% (up 257.0% YoY), and the FY2025 annual result was 35.85%, up 257.0% from the prior year.
- Operating Margin came in at 81.7% for Q4 2025 at Solo Brands, down from 30.5% in the prior quarter.
- In the past five years, Operating Margin ranged from a high of 34.77% in Q1 2021 to a low of 145.65% in Q4 2023.
- The 5-year median for Operating Margin is 3.57% (2022), against an average of 18.47%.
- Across the five-year window, Operating Margin plunged 15925 bps in 2023 and soared 10718 bps in 2024, its largest moves.
- Solo Brands' Operating Margin stood at 9.8% in 2021, then jumped by 39 bps to 13.6% in 2022, then sank by 1171 bps to 145.65% in 2023, then surged by 74 bps to 38.47% in 2024, then sank by 112 bps to 81.7% in 2025.
- The last three Operating Margin figures came in at 81.7% (Q4 2025), 30.5% (Q3 2025), and 10.66% (Q2 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Amazon Com | 2,624.51 Bn | 2,481.43 Bn | 171.21 Bn | 13.14% |
| 2 | Mercadolibre | 83.29 Bn | 77.64 Bn | 3.86 Bn | 6.91% |
| 3 | DoorDash | 67.87 Bn | 63.01 Bn | 2.04 Bn | 3.74% |
| 4 | PDD Holdings | 64.68 Bn | 40.01 Bn | 12.81 Bn | 22.37% |
| 5 | Ebay | 48.60 Bn | 44.74 Bn | 2.29 Bn | 19.78% |
| 6 | Coupang | 29.01 Bn | 28.92 Bn | 2.30 Bn | -2.85% |
| 7 | Zkh | 16.33 Bn | 16.33 Bn | 285.30 Mn | -1.06% |
| 8 | Maplebear | 10.11 Bn | 9.42 Bn | 738.00 Mn | 17.86% |
| 9 | Wayfair | 9.36 Bn | 8.30 Bn | 880.00 Mn | -0.38% |
| 10 | Solo Brands | - | - | 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% |