Sportsman'S Warehouse Holdings (SPWH) Gross Margin (2013 - 2026)
Sportsman'S Warehouse Holdings (SPWH) posted quarterly Gross Margin of 28.43% for Q1 2026, down 199.0% year-over-year from 28.72% in Q1 2025, and down 13.35% quarter-over-quarter from 32.81% in Q4 2025.
Sportsman'S Warehouse Holdings (SPWH) Gross Margin (2013 - 2026) Analysis & Trends
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 for Q1 2026 stood at 28.43%, down from 32.81% in the prior quarter.
- The five-year high for Gross Margin was 33.59% in Q4 2022, with the low at 26.83% in Q1 2024.
- The 5-year median for Gross Margin is 31.79% (2024), against an average of 31.24%.
- The sharpest annual moves came in 2024 and 2025: Gross Margin slumped 555 bps in 2024, then jumped 360 bps in 2025.
- Sportsman'S Warehouse Holdings' Gross Margin stood at 33.59% in 2022, then slipped by 10 bps to 30.3% in 2023, then gained by 5 bps to 31.79% in 2024, then rose by 3 bps to 32.81% in 2025, then declined by 13 bps to 28.43% in 2026.
- Business Quant data shows SPWH's Gross Margin at 28.43% in Q1 2026, 32.81% in Q4 2025, and 31.97% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Caseys General Stores | 31.04 Bn | 30.52 Bn | 1.08 Bn | 23.63% |
| 2 | Williams Sonoma | 28.81 Bn | 27.79 Bn | 1.10 Bn | 46.87% |
| 3 | Ulta Beauty | 22.94 Bn | 22.72 Bn | 1.27 Bn | 40.07% |
| 4 | Tractor Supply | 18.30 Bn | 18.07 Bn | 1.68 Bn | 37.05% |
| 5 | Best Buy | 18.17 Bn | 16.42 Bn | 2.10 Bn | 23.52% |
| 6 | Dick'S Sporting Goods | 16.12 Bn | 15.12 Bn | 1.68 Bn | 32.59% |
| 7 | Five Below | 13.73 Bn | 12.62 Bn | 478.64 Mn | 37.23% |
| 8 | Murphy USA | 10.45 Bn | 10.28 Bn | 746.50 Mn | 10.97% |
| 9 | Bath & Body Works | 4.04 Bn | 3.09 Bn | 1.24 Bn | 45.67% |
| 10 | Sportsman'S Warehouse Holdings | 44.58 Mn | 42.52 Mn | 75.78 Mn | 29.59% |
Historic Data
Download Data| Date | Value |
|---|---|
| May 2, 2026 | 29.59% |
| Jan 31, 2026 | 28.43% |
| Nov 1, 2025 | 32.81% |
| Aug 2, 2025 | 31.97% |
| May 3, 2025 | 30.37% |
| Feb 1, 2025 | 30.43% |
| Nov 2, 2024 | 31.79% |
| Aug 3, 2024 | 31.18% |
| May 4, 2024 | 30.21% |
| Feb 3, 2024 | 26.83% |
| Oct 28, 2023 | 30.30% |
| Jul 29, 2023 | 32.57% |
| Apr 29, 2023 | 29.92% |
| Jan 28, 2023 | 32.37% |
| Oct 29, 2022 | 33.59% |
| Jul 30, 2022 | 33.48% |
| Apr 30, 2022 | 32.02% |
| Jan 29, 2022 | 32.81% |
| Oct 30, 2021 | 32.32% |
| Jul 31, 2021 | 33.18% |