Vroom (VRM) Gross Margin (2019 - 2023)
Vroom (VRM) posted Gross Margin of 28.38% for Q4 2023, up 39.05% sequentially from 20.41% in Q3 2023, and up 110040.0% YoY from N/an in Q4 2022.
Vroom (VRM) Gross Margin (2019 - 2023) Analysis & Trends
Vroom (VRM) has 5 years of Gross Margin data on file, last reported at 28.38% in Q4 2023.
- Quarterly Gross Margin rose 110040.0% year-over-year to 28.38% in Q4 2023, while the trailing twelve-month figure through Dec 2023 was 33.45% (down 2461.0% YoY) and the FY2023 annual result came in at 2.34%, up 1118.0% from the prior year.
- Gross Margin grew to 28.38% in Q4 2023 per VRM's latest filing, from 20.41% in the prior quarter.
- The five-year high for Gross Margin was 28.38% in Q4 2023, with the low at 1072.02% in Q4 2022.
- Average Gross Margin over 5 years is 48.27%, with a median of 6.12% recorded in 2021.
- Year-over-year, Gross Margin tumbled 107681 bps in 2022 and surged 110040 bps in 2023.
- Vroom's Gross Margin stood at 4.59% in 2019, then gained by 8 bps to 4.95% in 2020, then retreated by 3 bps to 4.78% in 2021, then sank by 22509 bps to 1072.02% in 2022, then surged by 103 bps to 28.38% in 2023.
- Business Quant data shows VRM's Gross Margin at 28.38% in Q4 2023, 20.41% in Q3 2023, and 20.43% in Q2 2023.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Visa | 587.74 Bn | 575.34 Bn | - | - |
| 2 | Mastercard | 465.55 Bn | 455.34 Bn | - | - |
| 3 | American Express | 238.39 Bn | 184.35 Bn | 17.43 Bn | 92.17% |
| 4 | PayPal Holdings | 40.24 Bn | 30.89 Bn | 7.84 Bn | 93.80% |
| 5 | Affirm Holdings | 28.27 Bn | 26.55 Bn | 261.64 Mn | 78.22% |
| 6 | SoFi Technologies | 23.54 Bn | 20.13 Bn | 929.25 Mn | 84.45% |
| 7 | Ally Financial | 14.34 Bn | 13.89 Bn | 1.98 Bn | 94.24% |
| 8 | Credit Acceptance | 7.51 Bn | 7.49 Bn | 562.70 Mn | 97.03% |
| 9 | FinVolution | 6.22 Bn | 4.97 Bn | 311.24 Mn | 71.98% |
| 10 | Vroom | 40,250.00 | -132.76 Mn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2023 | 28.38% |
| Sep 30, 2023 | 20.41% |
| Jun 30, 2023 | 20.43% |
| Mar 31, 2023 | -17.77% |
| Dec 31, 2022 | -1,072.02% |
| Sep 30, 2022 | 19.76% |
| Jun 30, 2022 | 13.96% |
| Mar 31, 2022 | 8.84% |
| Dec 31, 2021 | 4.78% |
| Sep 30, 2021 | 6.48% |
| Jun 30, 2021 | 8.29% |
| Mar 31, 2021 | 6.12% |
| Dec 31, 2020 | 4.95% |
| Sep 30, 2020 | 7.88% |
| Jun 30, 2020 | 3.01% |
| Mar 31, 2020 | 4.89% |
| Dec 31, 2019 | 4.59% |
| Sep 30, 2019 | 4.61% |
| Jun 30, 2019 | 5.31% |