Company / Gross Margin
Worksport Ltd Gross Margin History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Gross Margin
10.7%
FY2025
5-year range
-15.5% / 51.1%
FY2021-FY2025
Trend
-32.1%
vs FY2024
Sector context
Sector data unavailable
Latest sector comparison
What the data says
Gross Margin has fluctuated over the past 10 years, ranging from -15.5% in FY2022 to 51.1% in FY2023.
Based on SEC 10-K filings.
10.7% in FY2025 with a 5-year CAGR of -1.7%.
Declined from 51.1% to 10.7% over the past 2 years.
Gross Margin over time
Growth rates
- 3-Year Change
- +26.1pp
- 5-Year Change
- -1.7pp
- 10-Year Change
- -
Key checks
Key Insights
- In FY2025, gross margin decreased 32.1% year-over-year.
- Peak gross margin was recorded in FY2023.
- Lowest gross margin in the period was in FY2022.
Company context
Key Data Points
- Altman Z-Score -0.50 (distress zone, below 1.8 threshold)
- High earnings quality (cash-backed earnings)
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | Gross MarginValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | 10.7% | -32.1% |
| FY2024 | 15.7% | -69.2% |
| FY2023 | 51.1% | +430.5% |
| FY2022 | -15.5% | -213.5% |
| FY2021 | 13.6% | +10.0% |
| FY2020 | 12.4% | -38.3% |
| FY2019 | 20.1% | -53.7% |
| FY2018 | 43.3% | +478.0% |
| FY2017 | 7.5% | -59.0% |
| FY2016 | 18.3% | -31.3% |
As of FY2025 · SEC 10-K · Updated Jun 28, 2026