SmartRent (SMRT) Operating Margin (2020 - 2026)
SmartRent's (SMRT) quarterly Operating Margin came in at 13.17% in Q1 2026, up 8670.0% year-on-year from 0.15% in Q1 2025, and down 20.83% quarter-over-quarter from 10.9% in Q4 2025.
SmartRent (SMRT) Operating Margin (2020 - 2026) Analysis & Trends
SmartRent has disclosed Operating Margin across 7 years of filings, most recently posting 13.17% for Q1 2026.
- Operating Margin for Q1 2026 came in at 13.17%, up 8670.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 18.56% (up 2542.0% YoY), and the FY2025 annual result was 42.0%, down 1811.0% from the prior year.
- Operating Margin came in at 13.17% for Q1 2026 at SmartRent, down from 10.9% in the prior quarter.
- In the past five years, Operating Margin ranged from a high of 9.68% in Q4 2023 to a low of 99.87% in Q1 2025.
- The 5-year median for Operating Margin is 23.5% (2023), against an average of 35.13%.
- Across the five-year window, Operating Margin plunged 7975 bps in 2025 and surged 8670 bps in 2026, its largest moves.
- SmartRent's Operating Margin stood at 54.92% in 2022, then soared by 82 bps to 9.68% in 2023, then plunged by 279 bps to 36.64% in 2024, then surged by 70 bps to 10.9% in 2025, then slipped by 21 bps to 13.17% in 2026.
- The last three Operating Margin figures came in at 13.17% (Q1 2026), 10.9% (Q4 2025), and 19.41% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 238.14 Bn | 220.17 Bn | 8.16 Bn | 28.69% |
| 2 | Full Truck Alliance | 166.83 Bn | 164.28 Bn | - | - |
| 3 | Uber Technologies | 150.36 Bn | 149.32 Bn | 11.88 Bn | 14.56% |
| 4 | Shopify | 147.75 Bn | 142.01 Bn | 1.55 Bn | 12.05% |
| 5 | Salesforce | 140.39 Bn | 128.55 Bn | 8.56 Bn | 21.08% |
| 6 | Cadence Design Systems | 105.73 Bn | 104.32 Bn | 1.26 Bn | 29.26% |
| 7 | ServiceNow | 105.42 Bn | 100.24 Bn | 2.83 Bn | 13.34% |
| 8 | Automatic Data Processing | 89.57 Bn | 86.34 Bn | 2.87 Bn | -22.99% |
| 9 | Adobe | 85.05 Bn | 78.16 Bn | 5.90 Bn | 33.82% |
| 10 | SmartRent | 209.86 Mn | 111.04 Mn | 15.12 Mn | -13.17% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -13.17% |
| Dec 31, 2025 | -10.90% |
| Sep 30, 2025 | -19.41% |
| Jun 30, 2025 | -30.50% |
| Mar 31, 2025 | -99.87% |
| Dec 31, 2024 | -36.64% |
| Sep 30, 2024 | -28.97% |
| Jun 30, 2024 | -14.26% |
| Mar 31, 2024 | -20.12% |
| Dec 31, 2023 | -9.68% |
| Sep 30, 2023 | -17.12% |
| Jun 30, 2023 | -22.63% |
| Mar 31, 2023 | -23.50% |
| Dec 31, 2022 | -54.92% |
| Sep 30, 2022 | -56.13% |
| Jun 30, 2022 | -63.70% |
| Mar 31, 2022 | -75.76% |
| Dec 31, 2021 | -74.73% |
| Sep 30, 2021 | -75.51% |
| Jun 30, 2021 | -46.12% |