Workhorse (WKHS) Gross Margin (2015 - 2026)
Workhorse (WKHS) recorded Gross Margin of -209.77% in Q2 2026, down 28.57 percentage points from -181.20% a year earlier.
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Analysis
Workhorse (WKHS) Gross Margin (2015 - 2026) Analysis & Trends
On a TTM basis, Workhorse's Gross Margin came in at -33.74% as of Jun 30, 2026, down 42.27 percentage points year-over-year; for FY2025, it was -45.05%, up 42.20 percentage points from FY2024.
- Annual Gross Margin has increased for four straight years, with a five-year change of +793.33 percentage points (FY2020 to FY2025).
- Across earlier years, Gross Margin came in at -87.25% in FY2024 (+105.62 pp), -192.87% in FY2023 (+457.12 pp), -649.99% in FY2022 (+15002.16 pp) and -15652.14% in FY2021 (-14813.76 pp).
- Quarterly Gross Margin has ranged from -27337.94% in Q1 2022 to 448.42% in Q4 2024 over the past five years.
- On a year-over-year basis, Gross Margin rose in two of the last seven quarters, with an average year-over-year change of +69.99 percentage points.
- Peak year-over-year performance for Gross Margin in the last five years was a gain of 27123.30 percentage points in Q1 2023, against a drop of 26243.20 percentage points in Q1 2022 at the low end.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Tesla | 1,231.10 Bn | 1,057.12 Bn | 4.75 Bn | 16.83% |
| 2 | Ferrari | 70.90 Bn | 63.39 Bn | 1.18 Bn | 52.59% |
| 3 | General Motors | 67.40 Bn | -37.21 Bn | 9.28 Bn | 18.55% |
| 4 | Ford Motor | 47.78 Bn | -94.71 Bn | 6.08 Bn | 12.59% |
| 5 | Honda Motor | 46.11 Bn | -103.70 Bn | 8.46 Bn | 22.24% |
| 6 | Toyota Motor | 24.76 Bn | -376.05 Bn | 20.95 Bn | 24.69% |
| 7 | Magna International | 18.23 Bn | 12.25 Bn | 1.61 Bn | 14.68% |
| 8 | Rivian Automotive | 15.97 Bn | -7.34 Bn | 179.00 Mn | 10.80% |
| 9 | Stellantis | 12.31 Bn | -152.34 Bn | 5.55 Bn | 10.98% |
| 10 | Workhorse | 28.55 Mn | -8.25 Mn | -7.47 Mn | -209.77% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -209.77% |
| Dec 31, 2025 | 80.40% |
| Sep 30, 2025 | -323.17% |
| Jun 30, 2025 | -181.20% |
| 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% |
| Sep 30, 2021 | -2,102.97% |
| Jun 30, 2021 | -1,130.06% |
| Mar 31, 2021 | -1,094.74% |
API Access
Workhorse Gross Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=gross-margin&ticker=WKHS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "ticker": "WKHS", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=gross-margin&ticker=WKHS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();