SmartRent (SMRT) Operating Margin (2020 - 2026)
SmartRent (SMRT) reported Operating Margin of 13.17% for Q1 2026, up 8670.0% on a YoY basis from 0.15% in Q1 2025, and down 20.83% sequentially from 10.9% in Q4 2025.
SmartRent (SMRT) Operating Margin (2020 - 2026) Analysis & Trends
SmartRent (SMRT) has 7 years of Operating Margin data on file, last reported at 13.17% in Q1 2026.
- For the quarter ending Q1 2026, Operating Margin rose 8670.0% year-over-year to 13.17%; the trailing twelve-month figure through Mar 2026 stood at 18.56% (up 2542.0% YoY), and the FY2025 full-year result was 42.0%, down 1811.0% from the prior year.
- Operating Margin retreated to 13.17% in Q1 2026, 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.
- A 5-year average of 35.13% and a median of 23.5% in 2023 frame the typical range for Operating Margin.
- Across the five-year window, Operating Margin slumped 7975 bps in 2025 and surged 8670 bps in 2026, its largest moves.
- Tracing SMRT's Operating Margin over 5 years: stood at 54.92% in 2022, then surged by 82 bps to 9.68% in 2023, then sank by 279 bps to 36.64% in 2024, then jumped by 70 bps to 10.9% in 2025, then decreased by 21 bps to 13.17% in 2026.
- Business Quant data shows SMRT's Operating Margin at 13.17% in Q1 2026, 10.9% in Q4 2025, and 19.41% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 208.91 Bn | 189.27 Bn | 8.16 Bn | 28.69% |
| 2 | Full Truck Alliance | 188.77 Bn | 186.13 Bn | - | - |
| 3 | Shopify | 145.98 Bn | 140.23 Bn | 1.55 Bn | 12.05% |
| 4 | Uber Technologies | 141.48 Bn | 140.44 Bn | 5.95 Bn | 14.56% |
| 5 | Salesforce | 128.51 Bn | 116.67 Bn | 8.56 Bn | 21.08% |
| 6 | ServiceNow | 98.38 Bn | 93.20 Bn | 2.82 Bn | 4.06% |
| 7 | Automatic Data Processing | 97.56 Bn | 94.34 Bn | 2.87 Bn | -22.99% |
| 8 | Snowflake | 91.55 Bn | 88.59 Bn | 926.45 Mn | -23.45% |
| 9 | Cadence Design Systems | 89.91 Bn | 88.50 Bn | 1.41 Bn | 29.26% |
| 10 | SmartRent | 182.07 Mn | 83.25 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% |