XMax (XMAX) Operating Margin (2010 - 2026)
XMax's Operating Margin was -44.49% in Q2 2026, down 36.80 percentage points from -7.69% a year earlier and down 14.47 percentage points from the prior quarter.
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Analysis
XMax (XMAX) Operating Margin (2010 - 2026) Analysis & Trends
On a trailing twelve-month basis, XMax's Operating Margin was -20.51% through Jun 30, 2026, up 17.88 percentage points year-over-year; for FY2025, it was -11.53%, up 43.83 percentage points from FY2024.
- Operating Margin has now increased for three consecutive years, with a five-year change of +220.22 percentage points (FY2020 to FY2025).
- In earlier years, Operating Margin was -55.37% in FY2024 (+2.52 pp), -57.89% in FY2023 (+69.40 pp), -127.29% in FY2022 (-96.54 pp) and -30.75% in FY2021 (+201.01 pp).
- Quarterly Operating Margin has moved between -389.87% (Q4 2022) and 157.03% (Q4 2021) over five years.
- Compared with a year earlier, Operating Margin has declined for three straight quarters, with an average year-over-year change of +19.02 percentage points over the last eight quarters.
- The best year-over-year quarter for Operating Margin over five years was Q4 2021 (a gain of 629.33 percentage points); the worst was Q4 2022 (a drop of 546.90 percentage points).
- Per Business Quant data, XMAX's Operating Margin in the three quarters before Q2 2026 was -30.02% (Q1 2026), -59.27% (Q4 2025) and -5.02% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | SharkNinja | 25.70 Bn | 23.37 Bn | 860.34 Mn | 10.16% |
| 2 | Somnigroup International | 13.10 Bn | 12.64 Bn | 817.20 Mn | 11.06% |
| 3 | Hni | 3.37 Bn | 2.94 Bn | 647.20 Mn | 6.26% |
| 4 | Newell Brands | 2.27 Bn | 1.42 Bn | 812.00 Mn | 14.19% |
| 5 | Sonos | 2.11 Bn | 1.01 Bn | 189.31 Mn | 8.40% |
| 6 | Whirlpool | 1.99 Bn | -1.49 Bn | 442.00 Mn | 4.63% |
| 7 | Corsair Gaming | 1.46 Bn | 999.46 Mn | 104.29 Mn | 2.42% |
| 8 | Millerknoll | 1.37 Bn | 735.34 Mn | 385.30 Mn | 5.61% |
| 9 | Cricut | 1.34 Bn | 317.37 Mn | 116.41 Mn | 30.34% |
| 10 | XMax | 554.37 Mn | 501.41 Mn | 1.09 Mn | -44.49% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -44.49% |
| Mar 31, 2026 | -30.02% |
| Dec 31, 2025 | -59.27% |
| Sep 30, 2025 | -5.02% |
| Jun 30, 2025 | -7.69% |
| Mar 31, 2025 | -7.34% |
| Dec 31, 2024 | -48.37% |
| Sep 30, 2024 | -92.01% |
| Jun 30, 2024 | -18.51% |
| Mar 31, 2024 | -62.63% |
| Dec 31, 2023 | -167.34% |
| Sep 30, 2023 | -42.44% |
| Jun 30, 2023 | -8.48% |
| Mar 31, 2023 | -63.14% |
| Dec 31, 2022 | -389.87% |
| Sep 30, 2022 | -31.63% |
| Jun 30, 2022 | -149.03% |
| Mar 31, 2022 | -22.50% |
| Dec 31, 2021 | 157.03% |
| Sep 30, 2021 | -39.32% |
API Access
XMax Operating 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=operating-margin&ticker=XMAX&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-margin", "ticker": "XMAX", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-margin&ticker=XMAX&period=max&api_key=YOUR_API_KEY");
const data = await res.json();