111 (YI) Gross Margin (2017 - 2026)
111's (YI) quarterly Gross Margin came in at 5.31% in Q1 2026, down 22.0% year-over-year from 6.81% in Q1 2025, and down 9.16% quarter-over-quarter from 5.85% in Q4 2025.
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111 (YI) Gross Margin (2017 - 2026) Analysis & Trends
111 has disclosed Gross Margin across 10 years of filings, most recently posting 5.31% for Q1 2026.
- In Q1 2026, Gross Margin fell 22.0% year-over-year to 5.31%; the TTM figure through Mar 2026 stood at 5.71% (up 7.0% YoY), while the FY2025 annual figure was 5.61%, down 15.0% from the prior year.
- Gross Margin came in at 5.31% for Q1 2026 at 111, down from 5.85% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 6.45% in Q1 2022 to a low of 5.21% in Q4 2023.
- Average Gross Margin over 5 years is 5.84%, with a median of 5.9% recorded in 2025.
- Year-over-year, Gross Margin jumped 194 bps in 2022 and slumped 90 bps in 2023.
- Over 5 years, Gross Margin stood at 6.11% in 2022, then declined by 15 bps to 5.21% in 2023, then gained by 1 bps to 5.26% in 2024, then rose by 11 bps to 5.85% in 2025, then dropped by 9 bps to 5.31% in 2026.
- Per Business Quant data, the three most recent Gross Margin figures were 5.31% in Q1 2026, 5.85% in Q4 2025, and 5.9% in Q3 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Mckesson | 104.59 Bn | 99.42 Bn | 3.69 Bn | 3.50% |
| 2 | Cencora | 62.07 Bn | 59.25 Bn | 3.61 Bn | 4.26% |
| 3 | Cardinal Health | 55.70 Bn | 50.84 Bn | 2.56 Bn | 4.02% |
| 4 | Henry Schein | 9.91 Bn | 9.75 Bn | 1.10 Bn | 31.84% |
| 5 | ZeroStack | 48.41 Mn | 45.45 Mn | 1.62 Mn | 11.85% |
| 6 | 111 | 30.02 Mn | -24.35 Mn | 18.18 Mn | 5.31% |
| 7 | Guardian Pharmacy Services | 5.58 Mn | -84.23 Mn | 80.04 Mn | 22.75% |
| 8 | Ridgetech | 4.83 Mn | -13.18 Mn | - | - |
| 9 | DataMeds AI | 1.85 Mn | 1.80 Mn | 170,221.00 | 10.91% |
| 10 | MedWellAI | 1.47 Mn | 1.32 Mn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Mar 31, 2026 | 5.31% |
| Dec 31, 2025 | 5.85% |
| Sep 30, 2025 | 5.90% |
| Jun 30, 2025 | 5.73% |
| Mar 31, 2025 | 5.53% |
| Dec 31, 2024 | 5.26% |
| Sep 30, 2024 | 5.73% |
| Jun 30, 2024 | 6.09% |
| Mar 31, 2024 | 5.97% |
| Dec 31, 2023 | 5.21% |
| Sep 30, 2023 | 5.25% |
| Jun 30, 2023 | 6.19% |
| Mar 31, 2023 | 6.41% |
| Dec 31, 2022 | 6.11% |
| Sep 30, 2022 | 6.03% |
| Jun 30, 2022 | 6.32% |
| Mar 31, 2022 | 6.45% |
| Dec 31, 2021 | 5.91% |
| Sep 30, 2021 | 4.94% |
| Jun 30, 2021 | 4.45% |