Zeo Energy (ZEO) Gross Margin (2023 - 2026)
Zeo Energy (ZEO) reported Gross Margin of 77.16% for Q1 2026, up 3169.0% on a YoY basis from 2.36% in Q1 2025, and up 48.78% quarter-over-quarter from 51.86% in Q4 2025.
Zeo Energy (ZEO) Gross Margin (2023 - 2026) Analysis & Trends
Zeo Energy has reported Gross Margin for 4 years, with the latest figure at 77.16% in Q1 2026.
- For the quarter ending Q1 2026, Gross Margin rose 3169.0% year-over-year to 77.16%; the trailing twelve-month figure through Mar 2026 stood at 63.16% (up 363.0% YoY), and the FY2025 full-year result was 55.2%, down 1805.0% from the prior year.
- Gross Margin for Q1 2026 stood at 77.16%, up from 51.86% in the prior quarter.
- The five-year high for Gross Margin was 81.72% in Q4 2024, with the low at 39.89% in Q2 2023.
- Historically, Gross Margin has averaged 59.18% across 4 years, with a median of 54.28% in 2023.
- Annual changes were most pronounced in 2025 — Gross Margin slumped 2986 bps — and 2026, when it jumped 3169 bps.
- Zeo Energy's Gross Margin stood at 54.28% in 2023, then jumped by 51 bps to 81.72% in 2024, then tumbled by 37 bps to 51.86% in 2025, then jumped by 49 bps to 77.16% in 2026.
- The last three Gross Margin figures came in at 77.16% (Q1 2026), 51.86% (Q4 2025), and 59.88% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | First Solar | 28.68 Bn | 26.25 Bn | 486.13 Mn | 46.55% |
| 2 | Nextpower | 18.03 Bn | 16.93 Bn | 297.38 Mn | 33.77% |
| 3 | Enphase Energy | 7.16 Bn | 6.23 Bn | 100.39 Mn | 35.49% |
| 4 | Solaredge Technologies | 3.68 Bn | 3.13 Bn | 68.28 Mn | 21.99% |
| 5 | Sunrun | 3.02 Bn | 3.91 Bn | 543.70 Mn | 75.28% |
| 6 | Shoals Technologies | 1.75 Bn | 1.75 Bn | 41.01 Mn | 29.18% |
| 7 | Array Technologies | 1.19 Bn | 987.00 Mn | 63.00 Mn | 28.20% |
| 8 | JinkoSolar Holding | 596.69 Mn | 2.20 Bn | 147.66 Mn | 8.32% |
| 9 | Tigo Energy | 209.39 Mn | 197.82 Mn | 10.79 Mn | 42.84% |
| 10 | Zeo Energy | 27.32 Mn | 42.61 Mn | 10.17 Mn | 77.16% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 77.16% |
| Dec 31, 2025 | 51.86% |
| Sep 30, 2025 | 59.88% |
| Jun 30, 2025 | 68.90% |
| Mar 31, 2025 | 45.47% |
| Dec 31, 2024 | 81.72% |
| Sep 30, 2024 | 50.21% |
| Jun 30, 2024 | 52.29% |
| Mar 31, 2024 | 67.46% |
| Dec 31, 2023 | 54.28% |
| Sep 30, 2023 | 77.32% |
| Jun 30, 2023 | 39.89% |
| Mar 31, 2023 | 42.93% |