Workhorse (WKHS) Gross Margin (2011 - 2025)

Workhorse (WKHS) reported 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 (2011 - 2025) Analysis & Trends

Workhorse (WKHS) has 13 years of Gross Margin data on file, last reported at 80.37% in Q4 2025.

  • Gross Margin for Q4 2025 came in at 80.37%, down 36805.0% year-over-year; the trailing twelve-month figure through Dec 2025 was 45.05% (up 4220.0% YoY), and the FY2025 annual result was 45.05%, up 4220.0% from the prior year.
  • Gross Margin rose to 80.37% in Q4 2025 per WKHS's latest filing, from 323.17% in the prior quarter.
  • Over five years, Gross Margin peaked at 34501.22% in Q4 2021 and troughed at 27337.94% in Q1 2022.
  • A 5-year average of 1246.02% and a median of 389.45% in 2024 frame the typical range for Gross Margin.
  • The sharpest annual moves came in 2021 and 2022: Gross Margin jumped 3547440 bps in 2021, then plunged 3501656 bps in 2022.
  • A 5-year view of Gross Margin shows it stood at 34501.22% in 2021, then tumbled by 101 bps to 515.34% in 2022, then soared by 40 bps to 309.36% in 2023, then surged by 245 bps to 448.42% in 2024, then sank 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.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Gross Margin (Qtr)
1 Tesla 1,264.49 Bn 1,219.81 Bn 4.72 Bn 21.08%
2 Toyota Motor 448.54 Bn 321.13 Bn 9.14 Bn 12.65%
3 General Motors 74.80 Bn 52.42 Bn 4.32 Bn 10.98%
4 Ferrari 71.95 Bn 70.15 Bn 1.09 Bn 51.89%
5 Ford Motor 59.47 Bn 29.01 Bn 7.94 Bn 18.36%
6 Rivian Automotive 20.42 Bn 15.62 Bn 119.00 Mn 8.62%
7 China Yuchai International 16.65 Bn 15.59 Bn 317.01 Mn 18.91%
8 VinFast Auto 7.51 Bn 10.51 Bn -15,731.99 Bn -39.92%
9 Digital Currency X Technology 5.68 Bn 5.68 Bn - -
10 Workhorse 31.08 Mn 31.08 Mn 10.06 Mn 80.37%

Historic Data

Download Data
DateValue
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%