Company / Gross Margin
Ocean Power Technologies, Inc. Gross Margin History
FY2016-FY2024 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Gross Margin
28.3%
FY2024
5-year range
-89.0% / 28.3%
FY2020-FY2024
Trend
+593.4%
vs FY2023
Sector context
Sector data unavailable
Latest sector comparison
What the data says
Gross Margin changed +593% YoY in FY2024, a notable deviation from the 8-year average annual change of -546%.
Based on SEC 10-K filings.
28.3% in FY2024 with a 5-year CAGR of +34.5%.
Improved from -89.0% to 28.3% over the past 2 years.
Gross Margin over time
Growth rates
- 3-Year Change
- +34.1pp
- 5-Year Change
- +34.5pp
- 10-Year Change
- -
Key checks
Key Insights
- In FY2024, gross margin increased 593.4% year-over-year.
- Lowest gross margin in the period was in FY2020.
Company context
Key Data Points
- Low Piotroski F-Score: 1/9 (multiple financial health concerns)
- Altman Z-Score -6.11 (distress zone, below 1.8 threshold)
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | Gross MarginValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | - | - |
| FY2024 | 28.3% | +593.4% |
| FY2023 | -5.7% | +93.5% |
| FY2022 | -89.0% | -1450.0% |
| FY2021 | -5.7% | +94.9% |
| FY2020 | -111.8% | -1709.5% |
| FY2019 | -6.2% | +94.5% |
| FY2018 | -111.8% | -2230.1% |
| FY2017 | 5.3% | +146.6% |
| FY2016 | -11.3% | -314.7% |
As of FY2024 · SEC 10-K · Updated Jun 24, 2026