SmartRent (SMRT) Operating Margin (2020 - 2026)
SmartRent recorded quarterly Operating Margin of 13.17% in Q1 2026, down 20.83% quarter-over-quarter from 10.9% in Q4 2025, and up 8670.0% year-over-year from 0.15% in Q1 2025.
SmartRent's Operating Margin history runs 7 years deep, the most recent figure standing at 13.17% for Q1 2026.
- In Q1 2026, Operating Margin rose 8670.0% year-over-year to 13.17%; the TTM figure through Mar 2026 stood at 18.56% (up 2542.0% YoY), while the FY2025 annual figure 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.
- 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 tumbled 7975 bps in 2025 and soared 8670 bps in 2026, its largest moves.
- SmartRent's Operating Margin stood at 54.92% in 2022, then jumped by 82 bps to 9.68% in 2023, then tumbled by 279 bps to 36.64% in 2024, then soared by 70 bps to 10.9% in 2025, then dropped by 21 bps to 13.17% in 2026.
- According to Business Quant data, Operating Margin over the past three periods registered 13.17%, 10.9%, and 19.41% for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 253.17 Bn | 235.20 Bn | 8.16 Bn | 28.69% |
| 2 | Salesforce | 171.07 Bn | 161.50 Bn | 8.69 Bn | 16.69% |
| 3 | Uber Technologies | 151.10 Bn | 150.06 Bn | 11.88 Bn | 14.56% |
| 4 | Shopify | 134.25 Bn | 128.50 Bn | 1.55 Bn | 12.05% |
| 5 | ServiceNow | 105.72 Bn | 100.54 Bn | 2.83 Bn | 13.34% |
| 6 | Cadence Design Systems | 101.64 Bn | 100.23 Bn | 1.26 Bn | 29.26% |
| 7 | Adobe | 100.35 Bn | 93.46 Bn | 5.73 Bn | 37.79% |
| 8 | Automatic Data Processing | 90.91 Bn | 87.68 Bn | 2.87 Bn | -22.99% |
| 9 | Intuit | 88.30 Bn | 81.52 Bn | 6.77 Bn | 46.97% |
| 10 | SmartRent | 245.32 Mn | 146.50 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% |
| Mar 31, 2021 | -48.11% |
| Dec 31, 2020 | -80.02% |
| Sep 30, 2020 | -48.84% |