Wrap Technologies (WRAP) Gross Margin (2018 - 2026)
Wrap Technologies' (WRAP) quarterly Gross Margin came in at 62.2% in Q1 2026, down 1558.0% YoY from 4.27% in Q1 2025, and down 26.03% on a QoQ basis from 84.08% in Q4 2025.
Wrap Technologies (WRAP) Gross Margin (2018 - 2026) Analysis & Trends
Wrap Technologies (WRAP) has 9 years of Gross Margin data on file, last reported at 62.2% in Q1 2026.
- Quarterly Gross Margin fell 1558.0% year-over-year to 62.2% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 66.5% (up 791.0% YoY) and the FY2025 annual result came in at 57.77%, up 308.0% from the prior year.
- Gross Margin declined to 62.2% in Q1 2026, from 84.08% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 247.21% in Q2 2025 to a low of 49.41% in Q4 2023.
- A 5-year average of 61.31% and a median of 56.35% in 2022 frame the typical range for Gross Margin.
- Annual changes were most pronounced in 2023 — Gross Margin sank 10575 bps — and 2025, when it jumped 18465 bps.
- Tracing WRAP's Gross Margin over 5 years: stood at 56.35% in 2022, then slumped by 188 bps to 49.41% in 2023, then jumped by 196 bps to 47.4% in 2024, then surged by 77 bps to 84.08% in 2025, then retreated by 26 bps to 62.2% in 2026.
- The last three Gross Margin figures came in at 62.2% (Q1 2026), 84.08% (Q4 2025), and 43.67% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Garmin | 56.67 Bn | 54.00 Bn | 1.26 Bn | 62.41% |
| 2 | Keysight Technologies | 53.22 Bn | 50.81 Bn | 1.18 Bn | 68.61% |
| 3 | Coherent | 51.41 Bn | 49.43 Bn | 787.08 Mn | 38.48% |
| 4 | Teledyne Technologies | 29.23 Bn | 28.89 Bn | 738.10 Mn | 44.40% |
| 5 | Mks | 18.74 Bn | 18.13 Bn | 595.00 Mn | 47.68% |
| 6 | Fortive | 18.21 Bn | 17.84 Bn | 695.30 Mn | 63.39% |
| 7 | Trimble | 13.95 Bn | 13.74 Bn | 674.90 Mn | 69.43% |
| 8 | Cognex | 9.95 Bn | 9.54 Bn | 205.77 Mn | 70.65% |
| 9 | Esco Technologies | 7.37 Bn | 7.30 Bn | 141.52 Mn | 41.74% |
| 10 | Wrap Technologies | 84.71 Mn | 79.93 Mn | 1.55 Mn | 75.29% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 75.29% |
| Mar 31, 2026 | 62.20% |
| Dec 31, 2025 | 84.08% |
| Sep 30, 2025 | 43.67% |
| Jun 30, 2025 | 247.21% |
| Mar 31, 2025 | 77.78% |
| Dec 31, 2024 | 47.40% |
| Sep 30, 2024 | 39.63% |
| Jun 30, 2024 | 62.56% |
| Mar 31, 2024 | 56.64% |
| Dec 31, 2023 | -49.41% |
| Sep 30, 2023 | 67.03% |
| Jun 30, 2023 | 55.57% |
| Mar 31, 2023 | 57.14% |
| Dec 31, 2022 | 56.35% |
| Sep 30, 2022 | 53.56% |
| Jun 30, 2022 | 39.23% |
| Mar 31, 2022 | 41.71% |
| Dec 31, 2021 | 30.13% |
| Sep 30, 2021 | 9.20% |