Zepp Health (ZEPP) Gross Margin (2016 - 2025)
Zepp Health's quarterly Gross Margin came in at 40.41% in Q4 2025, up 358.0% year-on-year from 8.82% in Q4 2024, and up 5.89% quarter-over-quarter from 38.16% in Q3 2025.
Zepp Health has reported Gross Margin for 10 years, with the latest figure at 40.41% in Q4 2025.
- For the quarter ending Q4 2025, Gross Margin rose 358.0% year-over-year to 40.41%; the trailing twelve-month figure through Dec 2025 stood at 38.31% (down 15.0% YoY), and the FY2025 full-year result was 38.31%, down 15.0% from the prior year.
- Gross Margin for Q4 2025 stood at 40.41%, up from 38.16% in the prior quarter.
- The five-year high for Gross Margin was 40.61% in Q3 2024, with the low at 15.94% in Q1 2023.
- Average Gross Margin over 5 years is 28.74%, with a median of 28.2% recorded in 2021.
- Year-over-year, Gross Margin tumbled 417 bps in 2023 and jumped 2085 bps in 2024.
- Tracing ZEPP's Gross Margin over 5 years: stood at 19.3% in 2021, then advanced by 7 bps to 20.7% in 2022, then soared by 68 bps to 34.74% in 2023, then advanced by 6 bps to 36.83% in 2024, then increased 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.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Apple | 4,505.01 Bn | 4,436.50 Bn | 54.78 Bn | 49.27% |
| 2 | Sonos | 1.95 Bn | 1.70 Bn | 124.65 Mn | 44.28% |
| 3 | Zepp Health | 1.91 Bn | 1.80 Bn | 34.42 Mn | 40.41% |
| 4 | Vuzix | 331.33 Mn | 310.18 Mn | 375,000.00 | 16.72% |
| 5 | Turtle Beach | 256.59 Mn | 244.27 Mn | 11.29 Mn | 26.78% |
| 6 | Axil Brands | 44.33 Mn | 38.81 Mn | 5.04 Mn | 69.12% |
| 7 | Koss | 39.85 Mn | 21.00 Mn | 1.00 Mn | 35.50% |
| 8 | Foxx Development Holdings | 34.37 Mn | 31.18 Mn | -1.45 Mn | -16.74% |
| 9 | GoPro | 12.18 Mn | -28.54 Mn | 4.31 Mn | 4.35% |
| 10 | Emerson Radio | 8.47 Mn | -4.82 Mn | 206,000.00 | 10.89% |
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% |
| Dec 31, 2020 | 18.99% |
| Sep 30, 2020 | 20.58% |
| Jun 30, 2020 | 22.28% |
| Mar 31, 2020 | 22.47% |
| Dec 31, 2019 | 23.83% |
| Sep 30, 2019 | 25.23% |
| Jun 30, 2019 | 26.70% |
| Mar 31, 2019 | 27.20% |
| Dec 31, 2018 | 25.23% |
| Sep 30, 2018 | 26.70% |
| Jun 30, 2018 | 25.90% |
| Mar 31, 2018 | 25.03% |
| Dec 31, 2017 | 22.16% |
| Sep 30, 2017 | 26.77% |
| Jun 30, 2017 | 25.86% |
| Mar 31, 2017 | 22.34% |
| Dec 31, 2016 | 20.21% |