Xometry (XMTR) Gross Margin (2020 - 2026)

Xometry (XMTR) recorded quarterly Gross Margin of 38.26% in Q1 2026, down 2.16% quarter-over-quarter from 39.11% in Q4 2025, and up 95.0% on a YoY basis from 19.62% in Q1 2025.

Xometry (XMTR) Gross Margin (2020 - 2026) Analysis & Trends

Xometry's Gross Margin history runs 7 years deep, the most recent figure standing at 38.26% for Q1 2026.

  • In Q1 2026, Gross Margin rose 95.0% year-over-year to 38.26%; the TTM figure through Mar 2026 stood at 39.27% (up 23.0% YoY), while the FY2025 annual figure was 39.14%, down 38.0% from the prior year.
  • Gross Margin was 38.26% for Q1 2026 at Xometry, down from 39.11% in the prior quarter.
  • In the past five years, Gross Margin ranged from a high of 40.1% in Q2 2025 to a low of 35.14% in Q4 2022.
  • Historically, Gross Margin has averaged 38.82% across 5 years, with a median of 39.24% in 2023.
  • The sharpest annual moves came in 2022 and 2023: Gross Margin surged 1698 bps in 2022, then plunged 199 bps in 2023.
  • A 5-year view of Gross Margin shows it stood at 35.14% in 2022, then climbed by 9 bps to 38.3% in 2023, then increased by 4 bps to 39.73% in 2024, then slipped by 2 bps to 39.11% in 2025, then dropped by 2 bps to 38.26% in 2026.
  • The last three Gross Margin figures came in at 38.26% (Q1 2026), 39.11% (Q4 2025), and 39.86% (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Gross Margin (Qtr)
1 W.W. Grainger 63.64 Bn 63.46 Bn 1.75 Bn 39.46%
2 Fastenal 53.18 Bn 52.87 Bn 982.90 Mn 44.64%
3 Ferguson Enterprises 45.51 Bn 44.69 Bn 2.32 Bn 31.02%
4 Wesco International 17.33 Bn 16.62 Bn 1.29 Bn 21.25%
5 Watsco 14.65 Bn 14.51 Bn 427.56 Mn 27.89%
6 Qxo 12.24 Bn 9.19 Bn 409.30 Mn 23.66%
7 Applied Industrial Technologies 11.99 Bn 11.82 Bn 380.80 Mn 30.43%
8 Core & Main 9.98 Bn 9.84 Bn 428.00 Mn 27.07%
9 Pool 7.00 Bn 6.92 Bn 329.87 Mn 28.99%
10 Xometry 4.21 Bn 3.98 Bn 78.49 Mn 38.26%

Historic Data

Download Data
DateValue
Mar 31, 2026 38.26%
Dec 31, 2025 39.11%
Sep 30, 2025 39.86%
Jun 30, 2025 40.10%
Mar 31, 2025 37.31%
Dec 31, 2024 39.73%
Sep 30, 2024 39.40%
Jun 30, 2024 39.88%
Mar 31, 2024 39.04%
Dec 31, 2023 38.30%
Sep 30, 2023 38.89%
Jun 30, 2023 39.24%
Mar 31, 2023 37.38%
Dec 31, 2022 35.14%
Sep 30, 2022 39.49%
Jun 30, 2022 39.42%
Mar 31, 2022 39.37%
Dec 31, 2021 31.20%
Sep 30, 2021 25.55%
Jun 30, 2021 23.47%