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| Date | Value |
|---|---|
| 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% |