Growth Metrics

C21 Investments (CWLXF) Gross Margin (2018 - 2025)

C21 Investments (CWLXF) reported Gross Margin of 38.21% for Q4 2025, down 775.0% year-over-year from 5.66% in Q4 2024, and down 24.17% on a QoQ basis from 50.39% in Q3 2025.

C21 Investments (CWLXF) has 8 years of Gross Margin data on file, last reported at 38.21% in Q4 2025.

  • Quarterly Gross Margin fell 775.0% year-over-year to 38.21% in Q4 2025, while the trailing twelve-month figure through Dec 2025 was 42.06% (up 426.0% YoY) and the FY2025 annual result came in at 41.7%, up 192.0% from the prior year.
  • Gross Margin eased to 38.21% in Q4 2025 per CWLXF's latest filing, from 50.39% in the prior quarter.
  • Across five years, Gross Margin topped out at 59.41% in Q3 2021 and bottomed at 23.46% in Q1 2023.
  • The 5-year median for Gross Margin is 43.48% (2024), against an average of 44.37%.
  • The widest annual swing landed in 2021, when Gross Margin soared 2758 bps; it then sank 1801 bps in 2023.
  • Tracing CWLXF's Gross Margin over 5 years: stood at 56.09% in 2021, then fell by 3 bps to 54.17% in 2022, then slipped by 26 bps to 40.0% in 2023, then gained by 15 bps to 45.97% in 2024, then declined by 17 bps to 38.21% in 2025.
  • Per Business Quant, the three latest CWLXF Gross Margin figures stand at 38.21% (Q4 2025), 50.39% (Q3 2025), and 34.89% (Q2 2025).

Historic Data

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DateValue
Dec 31, 2025 38.21%
Sep 30, 2025 50.39%
Jun 30, 2025 34.89%
Mar 31, 2025 44.77%
Dec 31, 2024 45.97%
Sep 30, 2024 43.48%
Jun 30, 2024 30.79%
Mar 31, 2024 37.79%
Jan 31, 2024 43.46%
Oct 31, 2023 40.00%
Jul 31, 2023 39.53%
Apr 30, 2023 35.36%
Jan 31, 2023 23.46%
Oct 31, 2022 54.17%
Jul 31, 2022 53.78%
Apr 30, 2022 53.36%
Oct 31, 2021 56.09%
Jul 31, 2021 59.41%
Apr 30, 2021 58.12%
Oct 31, 2020 68.30%
Jul 31, 2020 42.76%
Apr 30, 2020 30.55%
Jan 31, 2020 31.33%
Oct 31, 2019 40.48%
Jul 31, 2019 30.55%
Apr 30, 2019 36.92%
Dec 31, 2018 60.67%
Oct 31, 2018 -57.51%
Jul 31, 2018 53.87%