SmartKem (SMTK) Gross Margin (2020 - 2026)
SmartKem's Gross Margin came in at 80.00% for Q1 2026, down 15.65 percentage points from 95.65% a year earlier but up 22.42 percentage points from the prior quarter.
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Analysis
SmartKem (SMTK) Gross Margin (2020 - 2026) Analysis & Trends
For FY2025, SmartKem's Gross Margin was 60.98%, unchanged from FY2024.
- Gross Margin carries a five-year change of +19.49 percentage points (FY2020 to FY2025).
- Going back by year, Gross Margin was 60.98% in FY2024 (+46.16 pp), 14.81% in FY2023 (-2.69 pp), 17.50% in FY2022 (-38.06 pp) and 55.56% in FY2021 (+14.07 pp).
- The five-year range for quarterly Gross Margin is 3.85% (Q3 2022) to 100.00% (Q4 2024).
- Business Quant data shows SMTK's Gross Margin at 57.58% (Q4 2025), 93.83% (Q3 2025) and 12.50% (Q2 2025) in the three quarters before Q1 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Linde | 231.45 Bn | 213.03 Bn | 4.43 Bn | 47.67% |
| 2 | Corning | 116.59 Bn | 109.15 Bn | 1.63 Bn | 36.14% |
| 3 | Sherwin Williams | 82.19 Bn | 81.23 Bn | 3.34 Bn | 49.17% |
| 4 | Air Products & Chemicals | 67.40 Bn | 62.58 Bn | 1.04 Bn | 32.77% |
| 5 | LyondellBasell Industries | 40.93 Bn | 30.44 Bn | 2.04 Bn | 22.21% |
| 6 | Nutrien | 33.12 Bn | 29.95 Bn | 3.25 Bn | 30.07% |
| 7 | Qnity Electronics | 25.20 Bn | 22.33 Bn | 666.00 Mn | 46.61% |
| 8 | Ppg Industries | 24.54 Bn | 17.20 Bn | 1.81 Bn | 40.22% |
| 9 | Ati | 24.54 Bn | 22.56 Bn | 309.80 Mn | 24.57% |
| 10 | SmartKem | 241,875.51 | -12.33 Mn | - | - |
Historic Data
Download Data
Historic 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% |
| 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% |
API Access
SmartKem Gross Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=gross-margin&ticker=SMTK&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "ticker": "SMTK", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=gross-margin&ticker=SMTK&period=max&api_key=YOUR_API_KEY");
const data = await res.json();