What is Traeger's gross margin?

Traeger (COOK) reported gross margin of 39.8% in Q1 2026.

How has Traeger's gross margin changed year-over-year?

Traeger's gross margin decreased by 5.1% year-over-year, from 41.9% to 39.8%.

What is the long-term trend for Traeger's gross margin?

Over 4 years (2020 to 2025), Traeger's gross margin has grown at a -2.3% compound annual growth rate (CAGR), from 43% to 39.2%.

What does gross margin mean?

Gross profit (revenue minus cost of revenue) as a percentage of revenue, on a trailing-twelve-month basis. Measures how much of each sales dollar survives the direct cost of producing the goods or services sold.

Traeger COOK Gross margin

Gross margin at other companies

Costco WholesaleCOST

12.9%+0.1pp

American Outdoor Brands, Inc.AOUT

44.7%+0.1pp

ChewyCHWY

29.9%+0.7pp

Tractor Supply CompanyTSCO

36.4%+0.1pp

McCormick & Company, IncorporatedMKC

37.9%-0.6pp

Compass Diversified HoldingsCODI

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Other financials

Income statement

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Revenue$94.1M-34.3%

Gross profit$43.0M-27.7%

Operating income-$1.0M-130%

Net income$2.9M+476%

EPS (diluted)$1.08+460%

Balance sheet

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Cash & equivalents$33.7M+180%

Total debt$424.7M-0.8%

Total equity$174.8M-37.5%

Total assets$661.7M-19.9%

Cash flow

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Operating cash flow$17.9M+186%

CapEx$3.4M+85.8%

Free cash flow$14.5M+164%

Valuation

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Market cap$219.29M-14.0%

Enterprise value$610.29M-9.1%

P/S0.4×0.0×

Profitability

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Operating margin-20%-20.1pp

Net margin-21.8%-31.1pp

FCF margin1.2%-7.4pp

Returns & leverage

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Return on equity-49.1%-67.4pp

Debt / equity2.4×+0.9×

Current ratio3.4×+1.2×

Where this comes from

Calculated from Traeger’s reported figures.

gross profit/total revenue=39.8%

Based on trailing twelve months.

The official record: Traeger’s 10-Q, filed May 11, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Traeger's gross margin?: Traeger (COOK) reported gross margin of 39.8% in Q1 2026.
How has Traeger's gross margin changed year-over-year?: Traeger's gross margin decreased by 5.1% year-over-year, from 41.9% to 39.8%.
What is the long-term trend for Traeger's gross margin?: Over 4 years (2020 to 2025), Traeger's gross margin has grown at a -2.3% compound annual growth rate (CAGR), from 43% to 39.2%.
What does gross margin mean?: Gross profit (revenue minus cost of revenue) as a percentage of revenue, on a trailing-twelve-month basis. Measures how much of each sales dollar survives the direct cost of producing the goods or services sold.