Xos (XOSWW) Gross Margin (2020 - 2025)
Xos (XOSWW) recorded quarterly Gross Margin of 50.52% in Q4 2025, down 429.33% quarter-over-quarter from 15.34% in Q3 2025, and down 1812.0% on a YoY basis from 2.95% in Q4 2024.
Xos (XOSWW) 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.
- In Q4 2025, Gross Margin fell 1812.0% year-over-year to 50.52%; the TTM figure through Dec 2025 stood at 5.92% (down 116.0% YoY), while the FY2025 annual figure was 5.92%, down 116.0% from the prior year.
- Gross Margin was 50.52% for Q4 2025 at Xos, down from 15.34% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 21.18% in Q1 2024 to a low of 97.67% in Q3 2022.
- Historically, Gross Margin has averaged 23.39% across 5 years, with a median of 7.62% in 2021.
- The sharpest annual moves came in 2022 and 2023: Gross Margin sank 10058 bps in 2022, then soared 10955 bps in 2023.
- A 5-year view of Gross Margin shows it 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 sank by 549 bps to 32.39% in 2024, then slumped by 56 bps to 50.52% in 2025.
- The last three Gross Margin figures came in at 50.52% (Q4 2025), 15.34% (Q3 2025), and 8.8% (Q2 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Caterpillar | 424.10 Bn | 420.03 Bn | 6.11 Bn | 35.08% |
| 2 | Deere | 156.25 Bn | 148.36 Bn | 13.06 Bn | 97.71% |
| 3 | Paccar | 63.14 Bn | 62.45 Bn | 1.36 Bn | 20.07% |
| 4 | Oshkosh | 8.32 Bn | 8.07 Bn | 311.90 Mn | 13.46% |
| 5 | Terex | 6.12 Bn | 5.73 Bn | 206.00 Mn | 11.88% |
| 6 | Blue Bird | 2.24 Bn | 1.97 Bn | 70.65 Mn | 20.03% |
| 7 | Alamo | 1.85 Bn | 1.65 Bn | 104.81 Mn | 25.12% |
| 8 | Lindsay | 1.21 Bn | 1.02 Bn | 42.35 Mn | 27.38% |
| 9 | Astec Industries | 1.18 Bn | 1.11 Bn | 99.10 Mn | 25.01% |
| 10 | Xos | - | - | -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% |