Workhorse (WKHS) Gross Margin (2015 - 2025)
Workhorse (WKHS) posted quarterly Gross Margin of 80.37% for Q4 2025, down 36805.0% year-over-year from N/an in Q4 2024, and up 124.87% quarter-over-quarter from 323.17% in Q3 2025.
Workhorse (WKHS) Gross Margin (2015 - 2025) Analysis & Trends
Workhorse (WKHS) has reported Gross Margin for 11 consecutive years, with 80.37% the latest figure, recorded in Q4 2025.
- In Q4 2025, Gross Margin fell 36805.0% year-over-year to 80.37%; the TTM figure through Dec 2025 stood at 45.05% (up 4220.0% YoY), while the FY2025 annual figure was 45.05%, up 4220.0% from the prior year.
- Gross Margin climbed to 80.37% in Q4 2025 per WKHS's latest filing, from 323.17% in the prior quarter.
- Across five years, Gross Margin topped out at 34501.22% in Q4 2021 and bottomed at 27337.94% in Q1 2022.
- Historically, Gross Margin has averaged 1246.02% across 5 years, with a median of 389.45% in 2024.
- Annual changes were most pronounced in 2021 — Gross Margin jumped 3547440 bps — and 2022, when it plunged 3501656 bps.
- Workhorse's Gross Margin stood at 34501.22% in 2021, then plunged by 101 bps to 515.34% in 2022, then jumped by 40 bps to 309.36% in 2023, then soared by 245 bps to 448.42% in 2024, then slumped by 82 bps to 80.37% in 2025.
- Business Quant data shows WKHS's Gross Margin at 80.37% in Q4 2025, 323.17% in Q3 2025, and 130.2% in Q2 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Tesla | 1,062.42 Bn | 1,018.89 Bn | 4.75 Bn | 16.83% |
| 2 | Toyota Motor | 248.02 Bn | 113.80 Bn | 12.27 Bn | 16.11% |
| 3 | Honda Motor | 127.13 Bn | 92.93 Bn | -34.06 Bn | -4,972.01% |
| 4 | Ford Motor | 81.51 Bn | 50.18 Bn | 6.08 Bn | 12.59% |
| 5 | General Motors | 78.38 Bn | 53.66 Bn | 7.33 Bn | 15.26% |
| 6 | Li Auto | 26.25 Bn | 12.80 Bn | 262.11 Mn | 7.87% |
| 7 | Xpeng | 23.13 Bn | 20.59 Bn | 388.90 Mn | 20.58% |
| 8 | Rivian Automotive | 21.08 Bn | 15.77 Bn | 179.00 Mn | 10.80% |
| 9 | Stellantis | 16.04 Bn | -25.41 Bn | 5.55 Bn | 10.98% |
| 10 | Workhorse | 31.36 Mn | 18.46 Mn | 10.06 Mn | 80.37% |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 80.37% |
| Sep 30, 2025 | -323.17% |
| Jun 30, 2025 | -130.20% |
| Mar 31, 2025 | -705.83% |
| Dec 31, 2024 | 448.42% |
| Sep 30, 2024 | -164.67% |
| Jun 30, 2024 | -766.69% |
| Mar 31, 2024 | -455.72% |
| Dec 31, 2023 | -309.36% |
| Sep 30, 2023 | -116.52% |
| Jun 30, 2023 | -112.47% |
| Mar 31, 2023 | -214.64% |
| Dec 31, 2022 | -515.34% |
| Sep 30, 2022 | -514.38% |
| Jun 30, 2022 | -23,955.79% |
| Mar 31, 2022 | -27,337.94% |
| Dec 31, 2021 | 34,501.22% |
| Sep 30, 2021 | -2,102.97% |
| Jun 30, 2021 | -1,130.06% |
| Mar 31, 2021 | -1,094.74% |