Worksport (WKSP) Gross Margin (2014 - 2026)
Worksport (WKSP) posted quarterly Gross Margin of 25.78% for Q1 2026, up 809.0% year-over-year from 2.84% in Q1 2025, and down 14.37% quarter-over-quarter from 30.1% in Q4 2025.
Worksport (WKSP) Gross Margin (2014 - 2026) Analysis & Trends
Worksport (WKSP) has reported Gross Margin for 13 consecutive years, with 25.78% the latest figure, recorded in Q1 2026.
- In Q1 2026, Gross Margin rose 809.0% year-over-year to 25.78%; the TTM figure through Mar 2026 stood at 28.72% (up 1634.0% YoY), while the FY2025 annual figure was 27.79%, up 1712.0% from the prior year.
- Gross Margin fell to 25.78% in Q1 2026 per WKSP's latest filing, from 30.1% in the prior quarter.
- Across five years, Gross Margin topped out at 104.09% in Q4 2022 and bottomed at 7.31% in Q1 2024.
- Historically, Gross Margin has averaged 26.48% across 5 years, with a median of 23.3% in 2023.
- Annual changes were most pronounced in 2022 — Gross Margin surged 70773 bps — and 2023, when it tumbled 9312 bps.
- Worksport's Gross Margin stood at 104.09% in 2022, then plunged by 89 bps to 10.97% in 2023, then rose by 1 bps to 11.08% in 2024, then surged by 172 bps to 30.1% in 2025, then decreased by 14 bps to 25.78% in 2026.
- Business Quant data shows WKSP's Gross Margin at 25.78% in Q1 2026, 30.1% in Q4 2025, and 31.29% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | O Reilly Automotive | 73.54 Bn | 73.28 Bn | 2.52 Bn | 51.45% |
| 2 | Autozone | 48.78 Bn | 48.52 Bn | 2.52 Bn | 52.15% |
| 3 | Magna International | 19.33 Bn | 17.90 Bn | 1.61 Bn | 14.68% |
| 4 | Genuine Parts | 18.26 Bn | 17.70 Bn | 2.47 Bn | 37.80% |
| 5 | Borgwarner | 13.15 Bn | 10.70 Bn | 721.00 Mn | 19.76% |
| 6 | Allison Transmission Holdings | 10.71 Bn | 10.31 Bn | 515.00 Mn | 32.89% |
| 7 | Modine Manufacturing | 10.08 Bn | 10.00 Bn | - | - |
| 8 | Aptiv | 9.95 Bn | 9.19 Bn | 775.00 Mn | 23.67% |
| 9 | Autoliv | 9.00 Bn | 8.63 Bn | 509.00 Mn | 18.16% |
| 10 | Worksport | 7.23 Mn | 5.95 Mn | 1.65 Mn | 31.55% |
Historic Data
Download 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% |