QHSLab (USAQ) Gross Margin (2021 - 2025)
QHSLab's Gross Margin was 69.37% in Q4 2025, up 3.53 percentage points from 65.84% a year earlier and up 2.40 percentage points from the prior quarter.
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Analysis
QHSLab (USAQ) Gross Margin (2021 - 2025) Analysis & Trends
For FY2025, Gross Margin at QHSLab came in at 67.27%, up 3.58 percentage points from FY2024.
- Gross Margin has now increased for five consecutive years, with a five-year change of +27.05 percentage points (FY2020 to FY2025).
- In earlier years, Gross Margin was 63.69% in FY2024 (+7.37 pp), 56.32% in FY2023 (+6.49 pp), 49.83% in FY2022 (+2.41 pp) and 47.42% in FY2021 (+7.20 pp).
- The Q4 2025 figure marks the highest quarterly Gross Margin in data going back to Q1 2021.
- Compared with a year earlier, Gross Margin was higher in seven of the last eight quarters, with an average year-over-year change of +5.39 percentage points.
- The best year-over-year quarter for Gross Margin over five years was Q3 2024 (a gain of 10.75 percentage points); the worst was Q4 2022 (a drop of 1.98 percentage points).
- Per Business Quant data, USAQ's Gross Margin in the three quarters before Q4 2025 was 66.97% (Q3 2025), 65.90% (Q2 2025) and 66.61% (Q1 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Bryn | 945.00 Bn | 945.00 Bn | - | - |
| 2 | Veeva Systems | 51.55 Bn | 23.79 Bn | 695.95 Mn | 75.00% |
| 3 | Samsara | 24.79 Bn | 21.56 Bn | 392.58 Mn | 77.21% |
| 4 | Ptc | 22.17 Bn | 20.99 Bn | 490.47 Mn | 81.74% |
| 5 | Toast | 18.88 Bn | 11.55 Bn | 516.00 Mn | 27.04% |
| 6 | Trimble | 14.47 Bn | 13.54 Bn | 674.90 Mn | 69.43% |
| 7 | Manhattan Associates | 13.68 Bn | 12.67 Bn | 168.33 Mn | 56.53% |
| 8 | Costar | 13.35 Bn | 7.30 Bn | 728.00 Mn | 78.70% |
| 9 | Bentley Systems | 11.88 Bn | 11.34 Bn | 336.74 Mn | 81.99% |
| 10 | QHSLab | 3.50 Mn | 2.48 Mn | 488,259.00 | 69.37% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2025 | 69.37% |
| Sep 30, 2025 | 66.97% |
| Jun 30, 2025 | 65.90% |
| Mar 31, 2025 | 66.61% |
| Dec 31, 2024 | 65.84% |
| Sep 30, 2024 | 67.08% |
| Jun 30, 2024 | 62.24% |
| Mar 31, 2024 | 58.57% |
| Dec 31, 2023 | 60.29% |
| Sep 30, 2023 | 56.33% |
| Jun 30, 2023 | 56.04% |
| Mar 31, 2023 | 53.10% |
| Dec 31, 2022 | 50.43% |
| Sep 30, 2022 | 46.64% |
| Jun 30, 2022 | 48.52% |
| Mar 31, 2022 | 53.10% |
| Dec 31, 2021 | 52.42% |
| Sep 30, 2021 | 48.41% |
| Jun 30, 2021 | 45.46% |
| Mar 31, 2021 | 43.89% |
API Access
QHSLab Gross Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=gross-margin&ticker=USAQ&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "ticker": "USAQ", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=gross-margin&ticker=USAQ&period=max&api_key=YOUR_API_KEY");
const data = await res.json();