SmartKem (SMTK) Gross Margin (2020 - 2026)
SmartKem (SMTK) posted quarterly Gross Margin of 80.0% for Q1 2026, down 1565.0% year-over-year from 5.46% in Q1 2025, and up 38.95% quarter-over-quarter from 57.58% in Q4 2025.
SmartKem (SMTK) Gross Margin (2020 - 2026) Analysis & Trends
SmartKem (SMTK) has reported Gross Margin for 6 consecutive years, with 80.0% the latest figure, recorded in Q1 2026.
- In Q1 2026, Gross Margin fell 1565.0% year-over-year to 80.0%; the TTM figure through Mar 2026 stood at 60.37% (down 820.0% YoY), while the FY2025 annual figure was 60.98%, changed 0.0% from the prior year.
- Gross Margin climbed to 80.0% in Q1 2026 per SMTK's latest filing, from 57.58% in the prior quarter.
- Across five years, Gross Margin topped out at 100.0% in Q4 2024 and bottomed at 3.85% in Q3 2022.
- Historically, Gross Margin has averaged 49.49% across 5 years, with a median of 50.0% in 2022.
- Annual changes were most pronounced in 2023 — Gross Margin soared 6282 bps — and 2025, when it slumped 4242 bps.
- SmartKem's Gross Margin stood at 15.0% in 2022, then surged by 344 bps to 66.67% in 2023, then jumped by 50 bps to 100.0% in 2024, then tumbled by 42 bps to 57.58% in 2025, then jumped by 39 bps to 80.0% in 2026.
- Business Quant data shows SMTK's Gross Margin at 80.0% in Q1 2026, 57.58% in Q4 2025, and 93.83% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Asml Holding | 683.77 Bn | 668.27 Bn | 5.90 Bn | 51.98% |
| 2 | Lam Research | 393.97 Bn | 388.39 Bn | 3.48 Bn | 51.75% |
| 3 | Applied Materials | 389.80 Bn | 381.56 Bn | 3.95 Bn | 49.90% |
| 4 | Kla | 240.86 Bn | 239.21 Bn | 2.24 Bn | 61.36% |
| 5 | Teradyne | 58.87 Bn | 58.52 Bn | 794.62 Mn | 59.79% |
| 6 | Qnity Electronics | 27.06 Bn | 26.10 Bn | 666.00 Mn | 46.61% |
| 7 | Entegris | 21.93 Bn | 21.58 Bn | 420.00 Mn | 47.55% |
| 8 | Onto Innovation | 14.50 Bn | 12.61 Bn | 183.25 Mn | 53.41% |
| 9 | Amkor Technology | 12.45 Bn | 9.94 Bn | 318.59 Mn | 16.79% |
| 10 | SmartKem | 62.36 Mn | 62.33 Mn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 80.00% |
| Dec 31, 2025 | 57.58% |
| Sep 30, 2025 | 93.83% |
| Jun 30, 2025 | 12.50% |
| Mar 31, 2025 | 95.65% |
| Dec 31, 2024 | 100.00% |
| Jun 30, 2024 | 20.00% |
| Sep 30, 2023 | 66.67% |
| Jun 30, 2023 | 25.00% |
| Dec 31, 2022 | 15.00% |
| Sep 30, 2022 | 3.85% |
| Jun 30, 2022 | 50.00% |
| Mar 31, 2022 | 23.33% |
| Dec 31, 2020 | 26.09% |
| Sep 30, 2020 | 48.00% |
| Mar 31, 2020 | 40.55% |