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| Date | Value |
|---|---|
| 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% |