Worksport (WKSP) Gross Margin (2014 - 2026)
Worksport's (WKSP) quarterly Gross Margin came in at 31.55% in Q2 2026, up 519.0% year-over-year from 5.1% in Q2 2025, and up 22.39% quarter-over-quarter from 25.78% in Q1 2026.
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Worksport (WKSP) Gross Margin (2014 - 2026) Analysis & Trends
Worksport (WKSP) has reported Gross Margin for 13 consecutive years, with 31.55% the latest figure, recorded in Q2 2026.
- On a quarterly basis, Gross Margin rose 519.0% year-over-year to 31.55% in Q2 2026; TTM through Jun 2026 was 30.06%, a 1352.0% increase from a year earlier, with the FY2025 full-year figure at 27.79%, up 1712.0% from the prior year.
- Gross Margin was 31.55% for Q2 2026 at Worksport, up from 25.78% in the prior quarter.
- Over five years, Gross Margin peaked at 104.09% in Q4 2022 and troughed at 7.31% in Q1 2024.
- A 5-year average of 26.76% and a median of 24.54% in 2023 frame the typical range for Gross Margin.
- Across the five-year window, Gross Margin jumped 70773 bps in 2022 and plunged 9312 bps in 2023, its largest moves.
- Over 5 years, Gross Margin stood at 104.09% in 2022, then plunged by 89 bps to 10.97% in 2023, then grew by 1 bps to 11.08% in 2024, then soared by 172 bps to 30.1% in 2025, then advanced by 5 bps to 31.55% in 2026.
- The last three Gross Margin figures came in at 31.55% (Q2 2026), 25.78% (Q1 2026), and 30.1% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Magna International | 18.47 Bn | 17.04 Bn | 1.61 Bn | 14.68% |
| 2 | Autoliv | 8.85 Bn | 8.47 Bn | 509.00 Mn | 18.16% |
| 3 | Lear | 6.38 Bn | 5.38 Bn | 470.30 Mn | 7.57% |
| 4 | Gentex | 4.73 Bn | 4.49 Bn | 241.00 Mn | 37.00% |
| 5 | Dorman Products | 3.78 Bn | 3.65 Bn | 251.23 Mn | 46.13% |
| 6 | Dauch | 1.65 Bn | 764.38 Mn | 338.20 Mn | 11.44% |
| 7 | Adient | 1.44 Bn | 511.09 Mn | 235.00 Mn | 5.98% |
| 8 | Xpel | 1.34 Bn | 1.30 Bn | 63.14 Mn | 44.14% |
| 9 | Standard Motor Products | 870.49 Mn | 870.49 Mn | 164.62 Mn | 32.82% |
| 10 | Worksport | 5.95 Mn | 4.67 Mn | 1.65 Mn | 31.55% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 31.55% |
| Mar 31, 2026 | 25.78% |
| Dec 31, 2025 | 30.10% |
| Sep 30, 2025 | 31.29% |
| Jun 30, 2025 | 26.36% |
| Mar 31, 2025 | 17.69% |
| Dec 31, 2024 | 11.08% |
| Sep 30, 2024 | 7.92% |
| Jun 30, 2024 | 15.44% |
| Mar 31, 2024 | 7.31% |
| Dec 31, 2023 | 10.97% |
| Sep 30, 2023 | 19.56% |
| Jun 30, 2023 | 23.30% |
| Mar 31, 2023 | 38.11% |
| Dec 31, 2022 | 104.09% |
| Sep 30, 2022 | 31.32% |
| Jun 30, 2022 | 29.35% |
| Mar 31, 2022 | 20.52% |
| Dec 31, 2021 | -333.59% |
| Sep 30, 2021 | 12.42% |