Glass House Brands (GLAS) EBITDA Margin (2018 - 2026)
Glass House Brands (GLAS) reported EBITDA Margin of 1.70% for Q2 2026, down 28.10 percentage points from 29.80% a year earlier but up 38.52 percentage points from the prior quarter.
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Analysis
Glass House Brands (GLAS) EBITDA Margin (2018 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Glass House Brands' EBITDA Margin came in at -16.85%, down 32.18 percentage points year-over-year; for FY2025, it was -0.42%, down 10.77 percentage points from FY2024.
- EBITDA Margin has a five-year change of -5338330.92 percentage points (FY2020 to FY2025).
- By year, EBITDA Margin came in at 10.34% in FY2024 (+32.04 pp), -21.70% in FY2023 (+30.25 pp), -51.95% in FY2022 (-2.25 pp) and -49.70% in FY2021 (-5338380.20 pp).
- Five-year quarterly EBITDA Margin spans a low of -93.41% in Q4 2021 and a high of 29.80% in Q2 2025.
- Year over year, EBITDA Margin has now declined in each of the last four quarters, with an average year-over-year change of -5.57 percentage points over the last seven quarters.
- The high point for year-over-year EBITDA Margin in five years was Q2 2023 (a gain of 101.36 percentage points); the low point was Q4 2021 (a drop of 5338420.08 percentage points).
- Per Business Quant data, the three quarters before Q2 2026 came in at -36.82% (Q1 2026), -22.28% (Q4 2025) and -19.21% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Philip Morris International | 312.18 Bn | 291.82 Bn | 7.66 Bn | 45.06% |
| 2 | British American Tobacco p.l.c | 129.47 Bn | 105.84 Bn | - | - |
| 3 | Altria | 124.10 Bn | 110.25 Bn | 3.82 Bn | 52.23% |
| 4 | Trulieve Cannabis | 2.08 Bn | 701.17 Mn | 162.29 Mn | -127.26% |
| 5 | Curaleaf Holdings | 2.08 Bn | 1.68 Bn | 169.91 Mn | 15.53% |
| 6 | RLX Technology | 2.08 Bn | -1.69 Bn | 52.74 Mn | - |
| 7 | Green Thumb Industries | 1.39 Bn | 235.32 Mn | 137.87 Mn | 21.80% |
| 8 | Turning Point Brands | 1.28 Bn | 392.11 Mn | 93.70 Mn | - |
| 9 | Cronos | 1.23 Bn | -2.04 Bn | 28.45 Mn | 15.27% |
| 10 | Glass House Brands | 191.73 Mn | 117.29 Mn | 15.77 Mn | 1.87% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 1.87% |
| Mar 31, 2026 | -36.66% |
| Dec 31, 2025 | -22.14% |
| Sep 30, 2025 | -19.08% |
| Jun 30, 2025 | 29.90% |
| Mar 31, 2025 | 2.15% |
| Dec 31, 2024 | 11.85% |
| Sep 30, 2024 | 18.17% |
| Jun 30, 2024 | 17.56% |
| Dec 31, 2023 | -71.34% |
| Sep 30, 2023 | 18.30% |
| Jun 30, 2023 | 16.91% |
| Dec 31, 2022 | -19.08% |
| Sep 30, 2022 | -20.63% |
| Jun 30, 2022 | -84.02% |
| Mar 31, 2022 | -89.52% |
| Dec 31, 2021 | -89.82% |
| Sep 30, 2021 | -50.87% |
| Jun 30, 2021 | 0.23% |
| Mar 31, 2021 | 4,753,469.43% |
API Access
Glass House Brands EBITDA 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=ebitda-margin&ticker=GLAS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ebitda-margin", "ticker": "GLAS", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=ebitda-margin&ticker=GLAS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();