C21 Investments (CWLXF) Gross Margin (2018 - 2026)

C21 Investments (CWLXF) reported Gross Margin of 43.51% for Q1 2026, down 125.0% on a YoY basis from 174.05% in Q1 2025, and up 13.86% sequentially from 38.21% in Q4 2025.

C21 Investments (CWLXF) Gross Margin (2018 - 2026) Analysis & Trends

C21 Investments (CWLXF) has 9 years of Gross Margin data on file, last reported at 43.51% in Q1 2026.

  • Quarterly Gross Margin fell 125.0% year-over-year to 43.51% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 41.71% (up 2.0% YoY) and the FY2026 annual result came in at 41.71%, up 2.0% from the prior year.
  • Gross Margin came in at 43.51% for Q1 2026 at C21 Investments, up from 38.21% in the prior quarter.
  • The five-year high for Gross Margin was 54.17% in Q4 2022, with the low at 23.46% in Q1 2023.
  • Median Gross Margin over the past 5 years was 43.47% (2024), compared with a mean of 42.6%.
  • The sharpest annual moves came in 2023 and 2024: Gross Margin tumbled 2837 bps in 2023, then soared 2001 bps in 2024.
  • C21 Investments' Gross Margin stood at 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, then grew by 14 bps to 43.51% in 2026.
  • Per Business Quant data, the three most recent Gross Margin figures were 43.51% in Q1 2026, 38.21% in Q4 2025, and 50.39% in Q3 2025.

Peer Comparison

Historic Data

Download Data
DateValue
Mar 31, 2026 43.51%
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 39.78%
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%
Jan 31, 2022 51.83%
Oct 31, 2021 56.09%
Jul 31, 2021 59.41%