Workhorse (WKHS) Operating Margin (2015 - 2026)
Workhorse (WKHS) posted quarterly Operating Margin of 28.56% for Q4 2025, down 75472.0% year-over-year from N/an in Q4 2024, and up 95.89% quarter-over-quarter from 694.17% in Q3 2025.
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Workhorse (WKHS) Operating Margin (2015 - 2026) Analysis & Trends
Workhorse (WKHS) has reported Operating Margin for 11 consecutive years, with 28.56% the latest figure, recorded in Q4 2025.
- In Q4 2025, Operating Margin fell 75472.0% year-over-year to 28.56%; the TTM figure through Dec 2025 stood at 223.66% (up 36308.0% YoY), while the FY2025 annual figure was 223.66%, up 36308.0% from the prior year.
- Operating Margin grew to 28.56% in Q4 2025 per WKHS's latest filing, from 694.17% in the prior quarter.
- Across five years, Operating Margin topped out at 40767.35% in Q4 2021 and bottomed at 167780.59% in Q2 2022.
- Historically, Operating Margin has averaged 14504.5% across 5 years, with a median of 1324.95% in 2022.
- Annual changes were most pronounced in 2022 — Operating Margin slumped 16589156 bps — and 2023, when it jumped 16718754 bps.
- Workhorse's Operating Margin stood at 40767.35% in 2021, then plunged by 103 bps to 1141.14% in 2022, then jumped by 30 bps to 798.15% in 2023, then surged by 191 bps to 726.16% in 2024, then sank by 104 bps to 28.56% in 2025.
- Business Quant data shows WKHS's Operating Margin at 28.56% in Q4 2025, 694.17% in Q3 2025, and 255.28% in Q2 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Tesla | 1,239.75 Bn | 1,196.23 Bn | 4.75 Bn | 1.41% |
| 2 | Toyota Motor | 260.67 Bn | 126.44 Bn | 12.27 Bn | 8.76% |
| 3 | Honda Motor | 131.87 Bn | 91.73 Bn | 8.46 Bn | 8.76% |
| 4 | Ford Motor | 80.50 Bn | 49.16 Bn | 6.08 Bn | 1.32% |
| 5 | General Motors | 77.58 Bn | 52.87 Bn | 7.33 Bn | 3.04% |
| 6 | Ferrari | 74.19 Bn | 72.44 Bn | 1.18 Bn | 31.22% |
| 7 | Rivian Automotive | 21.02 Bn | 15.71 Bn | 179.00 Mn | -50.42% |
| 8 | Stellantis | 15.78 Bn | -25.68 Bn | 5.55 Bn | 1.61% |
| 9 | Li Auto | 12.15 Bn | -424.23 Mn | 417.98 Mn | -8.96% |
| 10 | Workhorse | 30.75 Mn | 30.75 Mn | -7.47 Mn | -545.20% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -545.20% |
| Dec 31, 2025 | -28.57% |
| Sep 30, 2025 | -694.17% |
| Jun 30, 2025 | -1,203.33% |
| Mar 31, 2025 | -2,002.86% |
| Dec 31, 2024 | 726.16% |
| Sep 30, 2024 | -564.54% |
| Jun 30, 2024 | -2,435.57% |
| Mar 31, 2024 | -1,771.58% |
| Dec 31, 2023 | -798.15% |
| Sep 30, 2023 | -695.27% |
| Jun 30, 2023 | -593.05% |
| Mar 31, 2023 | -1,508.75% |
| Dec 31, 2022 | -1,141.14% |
| Sep 30, 2022 | -3,153.85% |
| Jun 30, 2022 | -167,780.59% |
| Mar 31, 2022 | -138,689.73% |
| Dec 31, 2021 | 40,767.35% |
| Sep 30, 2021 | -4,423.64% |
| Jun 30, 2021 | -1,889.03% |