Zeo Energy (ZEO) Operating Margin (2023 - 2026)
Zeo Energy (ZEO) reported Operating Margin of 36.14% for Q1 2026, up 11768.0% on a YoY basis from N/an in Q1 2025, and down 206.88% quarter-over-quarter from 11.78% in Q4 2025.
Zeo Energy (ZEO) Operating Margin (2023 - 2026) Analysis & Trends
Zeo Energy has reported Operating Margin for 4 years, with the latest figure at 36.14% in Q1 2026.
- For the quarter ending Q1 2026, Operating Margin rose 11768.0% year-over-year to 36.14%; the trailing twelve-month figure through Mar 2026 stood at 15.98% (up 1677.0% YoY), and the FY2025 full-year result was 29.61%, down 1485.0% from the prior year.
- Operating Margin for Q1 2026 stood at 36.14%, down from 11.78% in the prior quarter.
- The five-year high for Operating Margin was 10.56% in Q3 2023, with the low at 153.82% in Q1 2025.
- Historically, Operating Margin has averaged 20.68% across 4 years, with a median of 11.78% in 2025.
- Annual changes were most pronounced in 2025 — Operating Margin plunged 13372 bps — and 2026, when it soared 11768 bps.
- Zeo Energy's Operating Margin stood at 5.91% in 2023, then fell by 1 bps to 5.96% in 2024, then slumped by 98 bps to 11.78% in 2025, then sank by 207 bps to 36.14% in 2026.
- The last three Operating Margin figures came in at 36.14% (Q1 2026), 11.78% (Q4 2025), and 8.29% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | First Solar | 28.68 Bn | 26.25 Bn | 486.13 Mn | 33.07% |
| 2 | Nextpower | 18.03 Bn | 16.93 Bn | 297.38 Mn | 17.44% |
| 3 | Enphase Energy | 7.16 Bn | 6.23 Bn | 100.39 Mn | -10.48% |
| 4 | Solaredge Technologies | 3.68 Bn | 3.13 Bn | 68.28 Mn | -17.73% |
| 5 | Sunrun | 3.02 Bn | 3.91 Bn | 543.70 Mn | -6.02% |
| 6 | Shoals Technologies | 1.75 Bn | 1.75 Bn | 41.01 Mn | 5.49% |
| 7 | Array Technologies | 1.19 Bn | 987.00 Mn | 63.00 Mn | 3.18% |
| 8 | JinkoSolar Holding | 596.69 Mn | 2.20 Bn | 147.66 Mn | -4.80% |
| 9 | Tigo Energy | 209.39 Mn | 197.82 Mn | 10.79 Mn | -9.56% |
| 10 | Zeo Energy | 27.32 Mn | 42.61 Mn | 10.17 Mn | -36.14% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -36.14% |
| Dec 31, 2025 | -11.78% |
| Sep 30, 2025 | -8.29% |
| Jun 30, 2025 | -15.76% |
| Mar 31, 2025 | -153.82% |
| Dec 31, 2024 | -5.96% |
| Sep 30, 2024 | -15.17% |
| Jun 30, 2024 | -18.00% |
| Mar 31, 2024 | -20.10% |
| Dec 31, 2023 | -5.91% |
| Sep 30, 2023 | 10.56% |
| Jun 30, 2023 | 2.89% |
| Mar 31, 2023 | 8.69% |