Vroom (VRM) Gross Margin (2019 - 2023)
Vroom (VRM) posted Gross Margin of 54.29% for Q4 2023, down 365.98% sequentially from 20.41% in Q3 2023, and up 81920.0% YoY from N/an in Q4 2022.
Vroom (VRM) Gross Margin (2019 - 2023) Analysis & Trends
Vroom has reported Gross Margin for 5 years, with the latest figure at 54.29% in Q4 2023.
- Quarterly Gross Margin rose 81920.0% year-over-year to 54.29% in Q4 2023, while the trailing twelve-month figure through Dec 2023 was 5.12% (down 16.0% YoY) and the FY2023 annual result came in at 0.54%, up 550.0% from the prior year.
- Gross Margin eased to 54.29% in Q4 2023 per VRM's latest filing, from 20.41% in the prior quarter.
- Over five years, Gross Margin peaked at 20.43% in Q2 2023 and troughed at 873.49% in Q4 2022.
- A 5-year average of 41.71% and a median of 5.31% in 2019 frame the typical range for Gross Margin.
- The sharpest annual moves came in 2022 and 2023: Gross Margin slumped 87827 bps in 2022, then soared 81920 bps in 2023.
- Over 5 years, Gross Margin stood at 4.59% in 2019, then rose by 8 bps to 4.95% in 2020, then fell by 3 bps to 4.78% in 2021, then slumped by 18359 bps to 873.49% in 2022, then soared by 94 bps to 54.29% in 2023.
- According to Business Quant data, Gross Margin over the past three periods registered 54.29%, 20.41%, and 20.43% for Q4 2023, Q3 2023, and Q2 2023 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Visa | 618.21 Bn | 605.85 Bn | - | - |
| 2 | Mastercard | 506.53 Bn | 493.04 Bn | - | - |
| 3 | American Express | 232.32 Bn | 183.00 Bn | 17.99 Bn | 91.60% |
| 4 | Capital One Financial | 136.19 Bn | 81.48 Bn | - | - |
| 5 | PayPal Holdings | 52.34 Bn | 41.08 Bn | - | - |
| 6 | Eason Technology | 35.89 Bn | 35.89 Bn | - | - |
| 7 | Synchrony Financial | 26.09 Bn | 9.90 Bn | - | - |
| 8 | Affirm Holdings | 25.93 Bn | 24.20 Bn | - | - |
| 9 | SoFi Technologies | 23.04 Bn | 22.68 Bn | -41.62 Mn | -32.14% |
| 10 | Vroom | 48.43 Mn | -85.65 Mn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2023 | -54.29% |
| Sep 30, 2023 | 20.41% |
| Jun 30, 2023 | 20.43% |
| Mar 31, 2023 | -9.02% |
| Dec 31, 2022 | -873.49% |
| 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% |