Tecogen (TGEN) Gross Margin (2012 - 2026)

Tecogen (TGEN) reported Gross Margin of 40.87% for Q1 2026, down 338.0% on a YoY basis from 17.17% in Q1 2025, and up 11.05% quarter-over-quarter from 36.81% in Q4 2025.

Tecogen (TGEN) Gross Margin (2012 - 2026) Analysis & Trends

Tecogen has reported Gross Margin for 15 years, with the latest figure at 40.87% in Q1 2026.

  • For the quarter ending Q1 2026, Gross Margin fell 338.0% year-over-year to 40.87%; the trailing twelve-month figure through Mar 2026 stood at 35.18% (down 917.0% YoY), and the FY2025 full-year result was 36.29%, down 735.0% from the prior year.
  • Gross Margin for Q1 2026 stood at 40.87%, up from 36.81% in the prior quarter.
  • The five-year high for Gross Margin was 52.5% in Q4 2022, with the low at 30.4% in Q3 2025.
  • Historically, Gross Margin has averaged 41.33% across 5 years, with a median of 41.64% in 2024.
  • Annual changes were most pronounced in 2024 — Gross Margin jumped 518 bps — and 2025, when it plunged 1367 bps.
  • Tecogen's Gross Margin stood at 52.5% in 2022, then slipped by 24 bps to 39.83% in 2023, then advanced by 13 bps to 45.01% in 2024, then decreased by 18 bps to 36.81% in 2025, then increased by 11 bps to 40.87% in 2026.
  • The last three Gross Margin figures came in at 40.87% (Q1 2026), 36.81% (Q4 2025), and 30.4% (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Gross Margin (Qtr)
1 Novonix 479.97 Bn 479.92 Bn - -
2 Vertiv Holdings 114.69 Bn 112.19 Bn 999.70 Mn 37.73%
3 Bloom Energy 79.53 Bn 77.06 Bn 225.54 Mn 30.03%
4 nVent Electric 27.08 Bn 26.89 Bn 445.60 Mn 35.88%
5 Hubbell 26.67 Bn 26.16 Bn 505.30 Mn 33.32%
6 Advanced Energy Industries 13.19 Bn 13.19 Bn 200.90 Mn 39.32%
7 Powell Industries 10.63 Bn 10.09 Bn 87.94 Mn 29.65%
8 Ballard Power Systems 10.07 Bn 9.54 Bn 5.64 Mn 16.77%
9 Acuity Inc. (De) 9.39 Bn 9.12 Bn 520.40 Mn 49.29%
10 Tecogen 172.29 Mn 162.78 Mn 2.59 Mn 40.87%

Historic Data

Download Data
DateValue
Mar 31, 2026 40.87%
Dec 31, 2025 36.81%
Sep 30, 2025 30.40%
Jun 30, 2025 33.76%
Mar 31, 2025 44.26%
Dec 31, 2024 45.01%
Sep 30, 2024 44.06%
Jun 30, 2024 43.98%
Mar 31, 2024 41.64%
Dec 31, 2023 39.83%
Sep 30, 2023 41.14%
Jun 30, 2023 42.00%
Mar 31, 2023 38.88%
Dec 31, 2022 52.50%
Sep 30, 2022 43.72%
Jun 30, 2022 42.15%
Mar 31, 2022 41.55%
Dec 31, 2021 48.08%
Sep 30, 2021 46.69%
Jun 30, 2021 46.26%