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Asset Utilization RatioAssets AverageDebt RatioDebt to EquityEBIT MarginEBITDA MarginEBT MarginEnterprise ValueEquity AverageEquity RatioFCF MarginGross MarginInterest Coverage RatioInventory AverageInvested CapitalNet MarginOperating MarginReturn on AssetsReturn on Capital EmployedReturn on EquityReturn on Invested CapitalReturn on SalesTimes Interest Earned

Tucows (TCX) Gross Margin (2016 - 2025)

Tucows' Gross Margin history spans 16 years, with the latest figure at 24.46% for Q4 2025.

  • For Q4 2025, Gross Margin rose 113.0% year-over-year to 24.46%; the TTM value through Dec 2025 reached 24.07%, up 115.0%, while the annual FY2025 figure was 24.07%, 115.0% up from the prior year.
  • Gross Margin reached 24.46% in Q4 2025 per TCX's latest filing, roughly flat from 24.53% in the prior quarter.
  • In the past five years, Gross Margin ranged from a high of 29.8% in Q4 2021 to a low of 17.48% in Q1 2023.
  • Average Gross Margin over 5 years is 23.31%, with a median of 23.54% recorded in 2021.
  • Peak YoY movement for Gross Margin: surged 518bps in 2021, then tumbled -866bps in 2023.
  • A 5-year view of Gross Margin shows it stood at 29.8% in 2021, then fell by -28bps to 21.56% in 2022, then dropped by -5bps to 20.49% in 2023, then rose by 14bps to 23.32% in 2024, then rose by 5bps to 24.46% in 2025.
  • Per Business Quant, the three most recent readings for TCX's Gross Margin are 24.46% (Q4 2025), 24.53% (Q3 2025), and 22.46% (Q2 2025).