C21 Investments (CXXIF) Gross Margin (2018 - 2026)
C21 Investments (CXXIF) posted Gross Margin of 32.51% for fiscal Q1 2027 (quarter ended Jun 30, 2026), down 2.38 percentage points from 34.89% a year earlier and down 11.01 percentage points from the prior quarter.
C21 Investments (CXXIF) Gross Margin (2018 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, Gross Margin at C21 Investments was 41.34%, down 0.79 percentage points year-over-year; for FY2026 (ended Mar 31, 2026), it came in at 41.71%, up 0.02 percentage points from FY2025.
- Annual Gross Margin shows a five-year change of -12.21 percentage points (FY2021 to FY2026).
- In prior fiscal years, C21 Investments' Gross Margin was 41.70% in FY2025, 39.42% in FY2024 (-6.97 pp), 46.39% in FY2023 (-10.64 pp) and 57.03% in FY2022 (+3.10 pp).
- The fiscal Q1 2027 figure stands as the lowest quarterly Gross Margin since fiscal Q1 2025.
- On a year-over-year basis, Gross Margin has declined in each of the last three quarters, with an average year-over-year change of +0.77 percentage points over the last six quarters.
- The strongest year-over-year quarter for Gross Margin in the past five years was fiscal Q2 2023, with a gain of 53.78 percentage points; the weakest was fiscal Q2 2022, with a drop of 43.07 percentage points.
- According to Business Quant data, Gross Margin for the three prior fiscal quarters was 43.51% (Q4 2026), 38.21% (Q3 2026) and 50.39% (Q2 2026).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Philip Morris International | 302.31 Bn | 283.88 Bn | 7.66 Bn | 68.43% |
| 2 | British American Tobacco p.l.c | 126.84 Bn | 105.99 Bn | - | - |
| 3 | Altria | 114.73 Bn | 100.93 Bn | 3.82 Bn | 62.51% |
| 4 | Curaleaf Holdings | 2.84 Bn | 2.44 Bn | 169.91 Mn | 49.96% |
| 5 | RLX Technology | 2.65 Bn | -916.64 Mn | 52.74 Mn | 35.41% |
| 6 | Trulieve Cannabis | 2.39 Bn | 1.00 Bn | 162.29 Mn | 59.90% |
| 7 | Green Thumb Industries | 1.49 Bn | 344.56 Mn | 137.87 Mn | 44.96% |
| 8 | Cronos | 1.25 Bn | -1.97 Bn | 28.45 Mn | 40.30% |
| 9 | Turning Point Brands | 1.21 Bn | 336.94 Mn | 93.70 Mn | 65.55% |
| 10 | C21 Investments | 30.64 Mn | 20.57 Mn | 2.48 Mn | 32.51% |
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 32.51% |
| 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% |
C21 Investments Gross Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=gross-margin&ticker=CXXIF&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "ticker": "CXXIF", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=gross-margin&ticker=CXXIF&period=max&api_key=YOUR_API_KEY");
const data = await res.json();