Xos (XOS) Gross Margin (2020 - 2026)
Xos (XOS) posted Gross Margin of 12.09% for Q2 2026, up 123.93% on a QoQ basis from 50.52% in Q4 2025, and up 319.0% year-over-year from 2.89% in Q2 2025.
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Xos (XOS) Gross Margin (2020 - 2026) Analysis & Trends
Xos has reported Gross Margin for 7 years, with the latest figure at 12.09% in Q2 2026.
- On a quarterly basis, Gross Margin rose 319.0% year-over-year to 12.09% in Q2 2026; TTM through Jun 2026 was 4.69%, a 82.0% increase from a year earlier, with the FY2025 full-year figure at 5.92%, down 116.0% from the prior year.
- Gross Margin was 12.09% for Q2 2026 at Xos, up from 50.52% in the prior quarter.
- The five-year high for Gross Margin was 21.18% in Q1 2024, with the low at 97.67% in Q3 2022.
- Average Gross Margin over 5 years is 22.46%, with a median of 7.22% recorded in 2023.
- The sharpest annual moves came in 2022 and 2023: Gross Margin plunged 10058 bps in 2022, then jumped 10955 bps in 2023.
- Over 5 years, Gross Margin stood at 93.05% in 2022, then soared by 108 bps to 7.22% in 2023, then plunged by 549 bps to 32.39% in 2024, then sank by 56 bps to 50.52% in 2025, then soared by 124 bps to 12.09% in 2026.
- The last three Gross Margin figures came in at 12.09% (Q2 2026), 50.52% (Q4 2025), and 15.34% (Q3 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Caterpillar | 370.59 Bn | 363.87 Bn | 7.76 Bn | 37.78% |
| 2 | Cummins | 75.77 Bn | 71.10 Bn | 2.47 Bn | 26.07% |
| 3 | Paccar | 64.57 Bn | 55.91 Bn | 1.56 Bn | 20.64% |
| 4 | Borgwarner | 13.34 Bn | 10.89 Bn | 721.00 Mn | 19.76% |
| 5 | Allison Transmission Holdings | 10.59 Bn | 10.19 Bn | 515.00 Mn | 32.89% |
| 6 | Oshkosh | 9.21 Bn | 8.80 Bn | 480.30 Mn | 16.48% |
| 7 | Federal Signal | 6.90 Bn | 6.84 Bn | 203.80 Mn | 30.41% |
| 8 | Terex | 6.76 Bn | 6.35 Bn | 444.00 Mn | 19.84% |
| 9 | Dana | 3.31 Bn | 2.98 Bn | 210.00 Mn | 10.45% |
| 10 | Xos | 35.13 Mn | 21.89 Mn | 573,000.00 | 12.09% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 12.09% |
| Dec 31, 2025 | -50.52% |
| Sep 30, 2025 | 15.34% |
| Jun 30, 2025 | 8.90% |
| 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% |