Workhorse (WKHS) Net Margin (2011 - 2025)
Workhorse (WKHS) posted quarterly Net Margin of 166.46% for Q4 2025, down 140015.0% YoY from N/an in Q4 2024, and up 49.28% sequentially from 328.21% in Q3 2025.
Workhorse (WKHS) Net Margin (2011 - 2025) Analysis & Trends
Workhorse has disclosed Net Margin across 13 years of filings, most recently posting 166.46% for Q4 2025.
- In Q4 2025, Net Margin fell 140015.0% year-over-year to 166.46%; the TTM figure through Dec 2025 stood at 302.14% (up 43023.0% YoY), while the FY2025 annual figure was 302.14%, up 43023.0% from the prior year.
- Net Margin grew to 166.46% in Q4 2025, from 328.21% in the prior quarter.
- Over the last five years, Net Margin for WKHS reached as high as 52842.65% in Q4 2021 and fell as low as 168540.6% in Q2 2022.
- The 5-year median for Net Margin is 1298.75% (2022), against an average of 16365.29%.
- Annual changes were most pronounced in 2022 — Net Margin plunged 16491436 bps — and 2023, when it soared 16796029 bps.
- A 5-year view of Net Margin shows it stood at 52842.65% in 2021, then slumped by 102 bps to 1121.24% in 2022, then increased by 8 bps to 1027.09% in 2023, then soared by 220 bps to 1233.7% in 2024, then plunged by 113 bps to 166.46% in 2025.
- According to Business Quant data, Net Margin over the past three periods registered 166.46%, 328.21%, and 260.71% for Q4 2025, Q3 2025, and Q2 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Tesla | 1,375.42 Bn | 1,330.73 Bn | 4.72 Bn | 2.19% |
| 2 | Ford Motor | 78.30 Bn | 47.85 Bn | 7.94 Bn | 5.89% |
| 3 | General Motors | 68.82 Bn | 46.43 Bn | 4.32 Bn | 6.64% |
| 4 | Xpeng | 40.80 Bn | 38.26 Bn | 388.90 Mn | -13.69% |
| 5 | Rivian Automotive | 21.46 Bn | 16.65 Bn | 119.00 Mn | -30.12% |
| 6 | Li Auto | 12.40 Bn | -965.30 Mn | 262.11 Mn | -9.96% |
| 7 | Nio | 12.31 Bn | 9.20 Bn | 704.43 Mn | -1.94% |
| 8 | VinFast Auto | 7.23 Bn | 91,500.01 Bn | -17,004.89 Bn | 0.00% |
| 9 | Lucid | 2.18 Bn | 1.48 Bn | -311.71 Mn | -401.57% |
| 10 | Workhorse | 27.86 Mn | 27.86 Mn | 10.06 Mn | -166.46% |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | -166.46% |
| Sep 30, 2025 | -328.21% |
| Jun 30, 2025 | -260.71% |
| Mar 31, 2025 | -3,221.01% |
| Dec 31, 2024 | 1,233.70% |
| Sep 30, 2024 | -1,001.53% |
| Jun 30, 2024 | -3,124.26% |
| Mar 31, 2024 | -2,176.95% |
| Dec 31, 2023 | -1,027.09% |
| Sep 30, 2023 | -1,011.90% |
| Jun 30, 2023 | -580.31% |
| Mar 31, 2023 | -1,476.25% |
| Dec 31, 2022 | -1,121.24% |
| Sep 30, 2022 | -2,286.00% |
| Jun 30, 2022 | -168,540.60% |
| Mar 31, 2022 | -154,238.30% |
| Dec 31, 2021 | 52,842.65% |
| Sep 30, 2021 | -14,067.83% |
| Jun 30, 2021 | -3,626.23% |
| Mar 31, 2021 | -23,127.24% |