Workhorse (WKHS) Net Margin (2015 - 2025)
Workhorse (WKHS) posted quarterly Net Margin of 166.46% for Q4 2025, down 140015.0% year-over-year from N/an in Q4 2024, and up 49.28% quarter-over-quarter from 328.21% in Q3 2025.
Workhorse (WKHS) Net Margin (2015 - 2025) Analysis & Trends
Workhorse (WKHS) has reported Net Margin for 11 consecutive years, with 166.46% the latest figure, recorded in 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 advanced to 166.46% in Q4 2025 per WKHS's latest filing, from 328.21% in the prior quarter.
- Across five years, Net Margin topped out at 52842.65% in Q4 2021 and bottomed at 168540.6% in Q2 2022.
- Historically, Net Margin has averaged 16365.29% across 5 years, with a median of 1298.75% in 2022.
- Annual changes were most pronounced in 2022 — Net Margin slumped 16491436 bps — and 2023, when it soared 16796029 bps.
- Workhorse's Net Margin stood at 52842.65% in 2021, then sank by 102 bps to 1121.24% in 2022, then rose by 8 bps to 1027.09% in 2023, then jumped by 220 bps to 1233.7% in 2024, then tumbled by 113 bps to 166.46% in 2025.
- Business Quant data shows WKHS's Net Margin at 166.46% in Q4 2025, 328.21% in Q3 2025, and 260.71% in Q2 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Tesla | 1,062.42 Bn | 1,018.89 Bn | 4.75 Bn | 3.99% |
| 2 | Toyota Motor | 248.02 Bn | 113.80 Bn | 12.27 Bn | 12.16% |
| 3 | Honda Motor | 127.13 Bn | 92.93 Bn | -34.06 Bn | -827.87% |
| 4 | Ford Motor | 81.51 Bn | 50.18 Bn | 6.08 Bn | -2.75% |
| 5 | General Motors | 78.38 Bn | 53.66 Bn | 7.33 Bn | 2.68% |
| 6 | Li Auto | 26.25 Bn | 12.80 Bn | 262.11 Mn | -9.96% |
| 7 | Xpeng | 23.13 Bn | 20.59 Bn | 388.90 Mn | -13.69% |
| 8 | Rivian Automotive | 21.08 Bn | 15.77 Bn | 179.00 Mn | -50.24% |
| 9 | Stellantis | 16.04 Bn | -25.41 Bn | 5.55 Bn | 0.61% |
| 10 | Workhorse | 31.36 Mn | 18.46 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% |