Workhorse (WKHS) FCF Margin (2011 - 2025)

Workhorse has disclosed FCF Margin across 15 years of filings, most recently posting 89.51% for Q4 2025.

• In Q4 2025, FCF Margin fell 14173.0% year-over-year to 89.51%; the TTM figure through Dec 2025 stood at 170.68% (up 43856.0% YoY), while the FY2025 annual figure was 170.68%, up 43856.0% from the prior year.
• FCF Margin improved to 89.51% in Q4 2025, from 460.07% in the prior quarter.
• Over the last five years, FCF Margin for WKHS reached as high as 8137.77% in Q4 2021 and fell as low as 240144.92% in Q1 2022.
• The 5-year median for FCF Margin is 1107.79% (2023), against an average of 23671.44%.
• Annual changes were most pronounced in 2022 — FCF Margin plunged 23320361 bps — and 2023, when it jumped 23789183 bps.
• A 5-year view of FCF Margin shows it stood at 8137.77% in 2021, then tumbled by 113 bps to 1033.45% in 2022, then jumped by 71 bps to 297.56% in 2023, then jumped by 118 bps to 52.21% in 2024, then plunged by 271 bps to 89.51% in 2025.
• According to Business Quant data, FCF Margin over the past three periods registered 89.51%, 460.07%, and 102.47% for Q4 2025, Q3 2025, and Q2 2025 respectively.