Sportsman'S Warehouse Holdings (SPWH) Gross Margin (2013 - 2026)

Sportsman'S Warehouse Holdings' Gross Margin history runs 14 years deep, the most recent figure standing at 28.43% for Q1 2026.

• In Q1 2026, Gross Margin fell 199.0% year-over-year to 28.43%; the TTM figure through Jan 2026 stood at 30.89% (down 4.0% YoY), while the FY2026 annual figure was 30.89%, down 4.0% from the prior year.
• Gross Margin was 28.43% for Q1 2026 at Sportsman'S Warehouse Holdings, down from 32.81% in the prior quarter.
• In the past five years, Gross Margin ranged from a high of 33.59% in Q4 2022 to a low of 26.83% in Q1 2024.
• Historically, Gross Margin has averaged 31.24% across 5 years, with a median of 31.79% in 2024.
• The sharpest annual moves came in 2024 and 2025: Gross Margin tumbled 555 bps in 2024, then surged 360 bps in 2025.
• A 5-year view of Gross Margin shows it stood at 33.59% in 2022, then dropped by 10 bps to 30.3% in 2023, then advanced by 5 bps to 31.79% in 2024, then gained by 3 bps to 32.81% in 2025, then fell by 13 bps to 28.43% in 2026.
• The last three Gross Margin figures came in at 28.43% (Q1 2026), 32.81% (Q4 2025), and 31.97% (Q3 2025), per Business Quant data.