Worksport (WKSP) Gross Margin (2014 - 2026)
Worksport (WKSP) reported Gross Margin of 31.55% for Q2 2026, up 5.19 percentage points from 26.36% a year earlier and up 5.77 percentage points from the prior quarter.
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Analysis
Worksport (WKSP) Gross Margin (2014 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Worksport's Gross Margin came in at 30.06%, up 13.52 percentage points year-over-year; for FY2025, it came in at 27.79%, up 17.12 percentage points from FY2024.
- Gross Margin has a five-year change of +14.17 percentage points (FY2020 to FY2025).
- By year, Gross Margin came in at 10.67% in FY2024 (-5.05 pp), 15.72% in FY2023 (-35.38 pp), 51.10% in FY2022 (+66.56 pp) and -15.46% in FY2021 (-29.08 pp).
- The Q2 2026 figure ranks as the highest quarterly Gross Margin since Q1 2023.
- Year over year, Gross Margin has now increased in each of the last seven quarters, with an average year-over-year change of +8.18 percentage points over the last eight quarters.
- The high point for year-over-year Gross Margin in five years was Q1 2022 (a gain of 707.73 percentage points); the low point was Q4 2021 (a drop of 336.49 percentage points).
- Per Business Quant data, the three quarters before Q2 2026 came in at 25.78% (Q1 2026), 30.10% (Q4 2025) and 31.29% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Tesla | 1,142.14 Bn | 976.70 Bn | 4.75 Bn | 16.83% |
| 2 | Toyota Motor | 240.48 Bn | -166.26 Bn | 20.95 Bn | 24.69% |
| 3 | Ferrari | 149.20 Bn | 141.65 Bn | 1.18 Bn | 52.59% |
| 4 | Honda Motor | 145.55 Bn | 12.93 Bn | 8.46 Bn | 22.24% |
| 5 | General Motors | 70.62 Bn | -34.25 Bn | 7.33 Bn | 15.26% |
| 6 | Ford Motor | 48.18 Bn | -94.29 Bn | 6.08 Bn | 12.59% |
| 7 | Rivian Automotive | 20.39 Bn | -2.90 Bn | 179.00 Mn | 10.80% |
| 8 | Magna International | 18.08 Bn | 15.64 Bn | 1.61 Bn | 14.68% |
| 9 | Stellantis | 12.84 Bn | -153.16 Bn | 5.55 Bn | 10.98% |
| 10 | Worksport | 5.34 Mn | -6.10 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% |
API Access
Worksport Gross Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=gross-margin&ticker=WKSP&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "ticker": "WKSP", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=gross-margin&ticker=WKSP&period=max&api_key=YOUR_API_KEY");
const data = await res.json();