Worksport (WKSP) Gross Margin (2014 - 2026)
Worksport (WKSP) reported Gross Margin of 25.78% for Q1 2026, up 809.0% year-over-year from 2.84% in Q1 2025, and down 14.37% on a QoQ basis from 30.1% in Q4 2025.
Worksport (WKSP) has 13 years of Gross Margin data on file, last reported at 25.78% in Q1 2026.
- Quarterly Gross Margin rose 809.0% year-over-year to 25.78% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 28.72% (up 1634.0% YoY) and the FY2025 annual result came in at 27.79%, up 1712.0% from the prior year.
- Gross Margin eased 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.
- The 5-year median for Gross Margin is 23.3% (2023), against an average of 26.48%.
- The widest annual swing landed in 2022, when Gross Margin soared 70773 bps; it then sank 9312 bps in 2023.
- Tracing WKSP's Gross Margin over 5 years: stood at 104.09% in 2022, then sank by 89 bps to 10.97% in 2023, then climbed by 1 bps to 11.08% in 2024, then surged by 172 bps to 30.1% in 2025, then declined by 14 bps to 25.78% in 2026.
- Per Business Quant, the three latest WKSP Gross Margin figures stand at 25.78% (Q1 2026), 30.1% (Q4 2025), and 31.29% (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | O Reilly Automotive | 77.46 Bn | 77.21 Bn | 2.35 Bn | 51.47% |
| 2 | Autozone | 56.88 Bn | 56.59 Bn | 2.24 Bn | 52.49% |
| 3 | Genuine Parts | 13.45 Bn | 12.97 Bn | 2.34 Bn | 37.33% |
| 4 | Modine Manufacturing | 13.16 Bn | 13.07 Bn | 186.10 Mn | 23.12% |
| 5 | Borgwarner | 13.07 Bn | 13.23 Bn | 677.00 Mn | 19.16% |
| 6 | Aptiv | 11.89 Bn | 8.82 Bn | 920.00 Mn | 18.09% |
| 7 | Magna International | 10.79 Bn | 9.60 Bn | 1.42 Bn | 13.71% |
| 8 | Allison Transmission Holdings | 9.02 Bn | 8.71 Bn | 406.00 Mn | 28.88% |
| 9 | Autoliv | 9.01 Bn | 8.66 Bn | 526.00 Mn | 19.11% |
| 10 | Worksport | 9.81 Mn | 9.24 Mn | 853,946.00 | 25.78% |
Historic Data
Download Data| Date | Value |
|---|---|
| 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% |
| Jun 30, 2021 | 26.26% |
| Mar 31, 2021 | -687.20% |
| Dec 31, 2020 | 2.90% |
| Sep 30, 2020 | 19.19% |
| Jun 30, 2020 | 10.92% |
| Mar 31, 2020 | 34.16% |
| Dec 31, 2019 | 758.17% |
| Sep 30, 2019 | 23.16% |
| Jun 30, 2019 | 28.06% |
| Mar 31, 2019 | 24.35% |
| Dec 31, 2018 | 56.10% |
| Sep 30, 2018 | -811.49% |
| Jun 30, 2018 | 22.48% |
| Mar 31, 2018 | 7.25% |
| Dec 31, 2017 | 63.00% |
| Sep 30, 2017 | 14.86% |
| Jun 30, 2017 | 8.62% |
| Mar 31, 2017 | 29.89% |
| Dec 31, 2016 | -25.91% |
| Sep 30, 2016 | 19.78% |
| Jun 30, 2016 | 40.58% |
| Mar 31, 2016 | 6.73% |
| Dec 31, 2015 | 19.82% |
| Sep 30, 2015 | 14.03% |
| Jun 30, 2015 | 18.94% |
| Mar 31, 2015 | 20.33% |
| Sep 30, 2014 | 23.98% |
| Jun 30, 2014 | 27.85% |
| Mar 31, 2014 | 34.73% |