Xos (XOS) Gross Margin (2020 - 2025)
Xos' (XOS) quarterly Gross Margin came in at 50.52% in Q4 2025, down 1812.0% year-on-year from 2.95% in Q4 2024, and down 429.33% quarter-over-quarter from 15.34% in Q3 2025.
Xos (XOS) Gross Margin (2020 - 2025) Analysis & Trends
Xos' Gross Margin history runs 6 years deep, the most recent figure standing at 50.52% for Q4 2025.
- On a quarterly basis, Gross Margin fell 1812.0% year-over-year to 50.52% in Q4 2025; TTM through Dec 2025 was 5.92%, a 116.0% decrease from a year earlier, with the FY2025 full-year figure at 5.92%, down 116.0% from the prior year.
- Gross Margin fell to 50.52% in Q4 2025 per XOS's latest filing, from 15.34% in the prior quarter.
- Across five years, Gross Margin topped out at 21.18% in Q1 2024 and bottomed at 97.67% in Q3 2022.
- The 5-year median for Gross Margin is 7.62% (2021), against an average of 23.39%.
- Across the five-year window, Gross Margin sank 10058 bps in 2022 and surged 10955 bps in 2023, its largest moves.
- Year by year, Gross Margin stood at 73.68% in 2021, then slipped by 26 bps to 93.05% in 2022, then surged by 108 bps to 7.22% in 2023, then tumbled by 549 bps to 32.39% in 2024, then plunged by 56 bps to 50.52% in 2025.
- Per Business Quant, the three latest XOS Gross Margin figures stand at 50.52% (Q4 2025), 15.34% (Q3 2025), and 8.8% (Q2 2025).
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Caterpillar | 414.02 Bn | 409.95 Bn | 6.11 Bn | 35.08% |
| 2 | Deere | 164.89 Bn | 157.03 Bn | 13.06 Bn | 97.71% |
| 3 | Paccar | 68.81 Bn | 67.93 Bn | 1.36 Bn | 20.07% |
| 4 | CNH Industrial | 13.19 Bn | 11.63 Bn | 1.22 Bn | 31.91% |
| 5 | Oshkosh | 11.41 Bn | 11.16 Bn | 311.90 Mn | 13.46% |
| 6 | Agco | 8.50 Bn | 8.28 Bn | 581.40 Mn | 24.82% |
| 7 | Terex | 6.58 Bn | 6.19 Bn | 206.00 Mn | 11.88% |
| 8 | Greenpower Motor | 3.53 Bn | 3.53 Bn | 1.26 Mn | - |
| 9 | Blue Bird | 2.45 Bn | 2.18 Bn | 70.65 Mn | 20.03% |
| 10 | Xos | 19.09 Mn | 5.05 Mn | -2.64 Mn | -50.52% |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | -50.52% |
| Sep 30, 2025 | 15.34% |
| Jun 30, 2025 | 8.80% |
| Mar 31, 2025 | 20.60% |
| Dec 31, 2024 | -32.39% |
| Sep 30, 2024 | 18.14% |
| Jun 30, 2024 | 13.07% |
| Mar 31, 2024 | 21.18% |
| Dec 31, 2023 | 7.22% |
| Sep 30, 2023 | 11.89% |
| Jun 30, 2023 | -78.36% |
| Mar 31, 2023 | -18.67% |
| Dec 31, 2022 | -93.05% |
| Sep 30, 2022 | -97.67% |
| Jun 30, 2022 | -54.31% |
| Mar 31, 2022 | -85.32% |
| Dec 31, 2021 | -73.68% |
| Sep 30, 2021 | -17.09% |
| Jun 30, 2021 | 1.85% |
| Mar 31, 2021 | 15.26% |