Expion Energy (XPON) Gross Margin (2021 - 2026)
Expion Energy (XPON) recorded Gross Margin of 32.43% in Q2 2026, up 11.60 percentage points from 20.82% a year earlier and up 7.13 percentage points from the prior quarter.
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Analysis
Expion Energy (XPON) Gross Margin (2021 - 2026) Analysis & Trends
On a TTM basis, Expion Energy's Gross Margin came in at 15.44% as of Jun 30, 2026, down 5.14 percentage points year-over-year; for FY2025, it came in at 13.86%, down 6.68 percentage points from FY2024.
- Annual Gross Margin has declined for four straight years, with a four-year change of -22.57 percentage points (FY2021 to FY2025).
- Across earlier years, Gross Margin came in at 20.54% in FY2024 (-5.80 pp), 26.34% in FY2023 (-5.61 pp), 31.95% in FY2022 (-4.48 pp) and 36.43% in FY2021.
- The Q2 2026 figure is the highest quarterly Gross Margin since Q1 2022.
- On a year-over-year basis, Gross Margin rose in four of the last eight quarters, with an average year-over-year change of -3.96 percentage points.
- Peak year-over-year performance for Gross Margin in the last five years was a gain of 11.60 percentage points in Q2 2026, against a drop of 36.92 percentage points in Q4 2025 at the low end.
- Per Business Quant, the preceding three quarters came in at 25.29% (Q1 2026), -14.84% (Q4 2025) and 22.67% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | GE Vernova | 252.94 Bn | 214.01 Bn | 2.36 Bn | 21.25% |
| 2 | Bloom Energy | 77.11 Bn | 68.94 Bn | 355.57 Mn | 33.38% |
| 3 | First Solar | 18.59 Bn | 9.54 Bn | 605.00 Mn | 57.28% |
| 4 | BWX Technologies | 12.31 Bn | 10.61 Bn | 202.31 Mn | 22.44% |
| 5 | Generac Holdings | 12.11 Bn | 10.94 Bn | 521.81 Mn | 44.47% |
| 6 | Nextpower | 12.00 Bn | 7.89 Bn | 335.85 Mn | 35.91% |
| 7 | EnerSys | 6.46 Bn | 4.66 Bn | 313.36 Mn | 33.49% |
| 8 | Enphase Energy | 4.08 Bn | -774.96 Mn | 175.01 Mn | 59.97% |
| 9 | Mirion Technologies | 3.51 Bn | 1.40 Bn | 133.10 Mn | 49.89% |
| 10 | Expion Energy | 4.23 Mn | -7.67 Mn | 658,266.00 | 32.43% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 32.43% |
| Mar 31, 2026 | 25.29% |
| Dec 31, 2025 | -14.84% |
| Sep 30, 2025 | 22.67% |
| Jun 30, 2025 | 20.82% |
| Mar 31, 2025 | 24.47% |
| Dec 31, 2024 | 22.09% |
| Sep 30, 2024 | 12.14% |
| Jun 30, 2024 | 25.46% |
| Mar 31, 2024 | 22.90% |
| Dec 31, 2023 | 23.89% |
| Sep 30, 2023 | 25.00% |
| Jun 30, 2023 | 26.34% |
| Mar 31, 2023 | 29.42% |
| Dec 31, 2022 | 22.32% |
| Sep 30, 2022 | 29.13% |
| Jun 30, 2022 | 32.07% |
| Mar 31, 2022 | 39.99% |
| Dec 31, 2021 | 35.20% |
| Sep 30, 2021 | 40.13% |
API Access
Expion Energy Gross Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=gross-margin&ticker=XPON&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "ticker": "XPON", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=gross-margin&ticker=XPON&period=max&api_key=YOUR_API_KEY");
const data = await res.json();