Zepp Health (ZEPP) Gross Margin (2016 - 2025)
Zepp Health (ZEPP) recorded quarterly Gross Margin of 40.41% in Q4 2025, up 5.89% quarter-over-quarter from 38.16% in Q3 2025, and up 358.0% on a YoY basis from 8.82% in Q4 2024.
Zepp Health (ZEPP) Gross Margin (2016 - 2025) Analysis & Trends
Zepp Health's Gross Margin history runs 10 years deep, the most recent figure standing at 40.41% for Q4 2025.
- In Q4 2025, Gross Margin rose 358.0% year-over-year to 40.41%; the TTM figure through Dec 2025 stood at 38.31% (down 15.0% YoY), while the FY2025 annual figure was 38.31%, down 15.0% from the prior year.
- Gross Margin was 40.41% for Q4 2025 at Zepp Health, up from 38.16% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 40.61% in Q3 2024 to a low of 15.94% in Q1 2023.
- Historically, Gross Margin has averaged 28.74% across 5 years, with a median of 28.2% in 2021.
- The sharpest annual moves came in 2023 and 2024: Gross Margin tumbled 417 bps in 2023, then surged 2085 bps in 2024.
- A 5-year view of Gross Margin shows it stood at 19.3% in 2021, then gained by 7 bps to 20.7% in 2022, then surged by 68 bps to 34.74% in 2023, then gained by 6 bps to 36.83% in 2024, then grew by 10 bps to 40.41% in 2025.
- The last three Gross Margin figures came in at 40.41% (Q4 2025), 38.16% (Q3 2025), and 36.18% (Q2 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Apple | 4,366.25 Bn | 4,297.75 Bn | 54.78 Bn | 49.27% |
| 2 | Sonos | 1.75 Bn | 1.50 Bn | 124.65 Mn | 44.28% |
| 3 | Zepp Health | 1.27 Bn | 1.16 Bn | 34.42 Mn | 40.41% |
| 4 | Turtle Beach | 267.51 Mn | 255.19 Mn | 11.29 Mn | 26.78% |
| 5 | Vuzix | 257.23 Mn | 236.08 Mn | 375,000.00 | 16.72% |
| 6 | Sony | 114.28 Mn | -18.94 Bn | 5.96 Bn | 30.77% |
| 7 | UTime | 53.53 Mn | 52.80 Mn | - | - |
| 8 | Axil Brands | 40.77 Mn | 35.25 Mn | 5.04 Mn | 69.12% |
| 9 | Koss | 37.77 Mn | 18.91 Mn | 1.00 Mn | 35.50% |
| 10 | Foxx Development Holdings | 20.59 Mn | 17.40 Mn | -1.45 Mn | -16.74% |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 40.41% |
| Sep 30, 2025 | 38.16% |
| Jun 30, 2025 | 36.18% |
| Mar 31, 2025 | 37.27% |
| Dec 31, 2024 | 36.83% |
| Sep 30, 2024 | 40.61% |
| Jun 30, 2024 | 40.26% |
| Mar 31, 2024 | 36.79% |
| Dec 31, 2023 | 34.74% |
| Sep 30, 2023 | 33.89% |
| Jun 30, 2023 | 21.99% |
| Mar 31, 2023 | 15.94% |
| Dec 31, 2022 | 20.70% |
| Sep 30, 2022 | 19.13% |
| Jun 30, 2022 | 17.90% |
| Mar 31, 2022 | 20.11% |
| Dec 31, 2021 | 19.30% |
| Sep 30, 2021 | 20.16% |
| Jun 30, 2021 | 21.96% |
| Mar 31, 2021 | 22.51% |