Ultralife (ULBI) Gross Margin (2010 - 2026)

Ultralife (ULBI) recorded quarterly Gross Margin of 21.31% in Q1 2026, down 14.31% quarter-over-quarter from 24.87% in Q4 2025, and down 381.0% on a YoY basis from 7.58% in Q1 2025.

Ultralife (ULBI) Gross Margin (2010 - 2026) Analysis & Trends

Ultralife's Gross Margin history runs 17 years deep, the most recent figure standing at 21.31% for Q1 2026.

  • In Q1 2026, Gross Margin fell 381.0% year-over-year to 21.31%; the TTM figure through Mar 2026 stood at 23.1% (down 206.0% YoY), while the FY2025 annual figure was 24.07%, down 165.0% from the prior year.
  • Gross Margin was 21.31% for Q1 2026 at Ultralife, down from 24.87% in the prior quarter.
  • In the past five years, Gross Margin ranged from a high of 27.36% in Q1 2024 to a low of 20.21% in Q3 2022.
  • Historically, Gross Margin has averaged 23.99% across 5 years, with a median of 24.17% in 2024.
  • The sharpest annual moves came in 2022 and 2023: Gross Margin plunged 396 bps in 2022, then jumped 455 bps in 2023.
  • A 5-year view of Gross Margin shows it stood at 22.38% in 2022, then grew by 14 bps to 25.59% in 2023, then slipped by 6 bps to 24.17% in 2024, then rose by 3 bps to 24.87% in 2025, then declined by 14 bps to 21.31% in 2026.
  • The last three Gross Margin figures came in at 21.31% (Q1 2026), 24.87% (Q4 2025), and 22.18% (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 Ultralife 108.44 Mn 99.67 Mn 10.11 Mn 21.31%

Historic Data

Download Data
DateValue
Mar 31, 2026 21.31%
Dec 31, 2025 24.87%
Sep 30, 2025 22.18%
Jun 30, 2025 23.89%
Mar 31, 2025 25.12%
Dec 31, 2024 24.17%
Sep 30, 2024 24.32%
Jun 30, 2024 26.90%
Mar 31, 2024 27.36%
Dec 31, 2023 25.59%
Sep 30, 2023 24.75%
Jun 30, 2023 24.80%
Mar 31, 2023 23.30%
Dec 31, 2022 22.38%
Sep 30, 2022 20.21%
Jun 30, 2022 23.80%
Mar 31, 2022 22.91%
Dec 31, 2021 22.26%
Sep 30, 2021 23.47%
Jun 30, 2021 27.15%