Wrap Technologies (WRAP) Gross Margin (2018 - 2026)
Wrap Technologies (WRAP) reported Gross Margin of 62.2% for Q1 2026, down 1558.0% on a YoY basis from 4.27% in Q1 2025, and up 18.97% quarter-over-quarter from 52.28% in Q4 2025.
Wrap Technologies (WRAP) Gross Margin (2018 - 2026) Analysis & Trends
Wrap Technologies has reported Gross Margin for 9 years, with the latest figure at 62.2% in Q1 2026.
- For the quarter ending Q1 2026, Gross Margin fell 1558.0% year-over-year to 62.2%; the trailing twelve-month figure through Mar 2026 stood at 55.7% (down 832.0% YoY), and the FY2025 full-year result was 57.77%, up 308.0% from the prior year.
- Gross Margin for Q1 2026 stood at 62.2%, up from 52.28% in the prior quarter.
- The five-year high for Gross Margin was 78.66% in Q2 2024, with the low at 66.14% in Q4 2023.
- Historically, Gross Margin has averaged 48.48% across 5 years, with a median of 52.28% in 2025.
- Annual changes were most pronounced in 2023 — Gross Margin slumped 11356 bps — and 2024, when it jumped 11354 bps.
- Wrap Technologies' Gross Margin stood at 47.42% in 2022, then plunged by 239 bps to 66.14% in 2023, then soared by 172 bps to 47.4% in 2024, then advanced by 10 bps to 52.28% in 2025, then rose by 19 bps to 62.2% in 2026.
- The last three Gross Margin figures came in at 62.2% (Q1 2026), 52.28% (Q4 2025), and 59.22% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Coherent | 67.67 Bn | 66.37 Bn | 679.95 Mn | 37.66% |
| 2 | Keysight Technologies | 57.00 Bn | 54.83 Bn | 995.00 Mn | 62.19% |
| 3 | Garmin | 45.82 Bn | 43.12 Bn | 1.04 Bn | 59.44% |
| 4 | Teledyne Technologies | 28.64 Bn | 28.34 Bn | 673.80 Mn | 43.19% |
| 5 | Mks | 21.67 Bn | 21.10 Bn | 507.00 Mn | 47.03% |
| 6 | Fortive | 19.42 Bn | 19.07 Bn | 675.50 Mn | 63.17% |
| 7 | Trimble | 12.42 Bn | 12.19 Bn | 646.30 Mn | 68.76% |
| 8 | Cognex | 10.23 Bn | 9.94 Bn | 190.94 Mn | 71.13% |
| 9 | Esco Technologies | 7.86 Bn | 7.77 Bn | 131.32 Mn | 42.45% |
| 10 | Wrap Technologies | 66.42 Mn | 59.16 Mn | 691,000.00 | 62.20% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 62.20% |
| Dec 31, 2025 | 52.28% |
| Sep 30, 2025 | 59.22% |
| Jun 30, 2025 | 48.12% |
| Mar 31, 2025 | 77.78% |
| Dec 31, 2024 | 47.40% |
| Sep 30, 2024 | 39.63% |
| Jun 30, 2024 | 78.66% |
| Mar 31, 2024 | 63.00% |
| Dec 31, 2023 | -66.14% |
| Sep 30, 2023 | 67.03% |
| Jun 30, 2023 | 55.57% |
| Mar 31, 2023 | 49.51% |
| Dec 31, 2022 | 47.42% |
| Sep 30, 2022 | 53.56% |
| Jun 30, 2022 | 47.16% |
| Mar 31, 2022 | 41.71% |
| Dec 31, 2021 | 30.13% |
| Sep 30, 2021 | 9.20% |
| Jun 30, 2021 | -3.24% |