Glass House Brands (GLAS) Gross Margin (2018 - 2026)
Glass House Brands' Gross Margin was 33.54% in Q2 2026, down 21.23 percentage points from 54.76% a year earlier but up 19.38 percentage points from the prior quarter.
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Analysis
Glass House Brands (GLAS) Gross Margin (2018 - 2026) Analysis & Trends
On a trailing twelve-month basis, Glass House Brands' Gross Margin was 29.28% through Jun 30, 2026, down 19.61 percentage points year-over-year; for FY2025, it was 42.29%, down 6.19 percentage points from FY2024.
- Gross Margin shows a five-year change of +3.46 percentage points (FY2020 to FY2025).
- In earlier years, Gross Margin was 48.48% in FY2024 (-1.86 pp), 50.34% in FY2023 (+25.94 pp), 24.40% in FY2022 (-0.60 pp) and 25.00% in FY2021 (-13.83 pp).
- Quarterly Gross Margin has moved between -1.99% (Q4 2021) and 54.76% (Q2 2025) over five years.
- Compared with a year earlier, Gross Margin has declined for four straight quarters, with an average year-over-year change of -12.03 percentage points over the last seven quarters.
- The best year-over-year quarter for Gross Margin over five years was Q2 2023 (a gain of 53.02 percentage points); the worst was Q2 2022 (a drop of 44.48 percentage points).
- Per Business Quant data, GLAS's Gross Margin in the three quarters before Q2 2026 was 14.16% (Q1 2026), 33.99% (Q4 2025) and 30.58% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Philip Morris International | 302.14 Bn | 283.71 Bn | 7.66 Bn | 68.43% |
| 2 | British American Tobacco p.l.c | 129.64 Bn | 108.78 Bn | - | - |
| 3 | Altria | 115.45 Bn | 101.65 Bn | 3.82 Bn | 62.51% |
| 4 | Curaleaf Holdings | 2.87 Bn | 2.47 Bn | 169.91 Mn | 49.96% |
| 5 | RLX Technology | 2.63 Bn | -932.13 Mn | 52.74 Mn | 35.41% |
| 6 | Trulieve Cannabis | 2.37 Bn | 989.63 Mn | 162.29 Mn | 59.90% |
| 7 | Green Thumb Industries | 1.53 Bn | 385.54 Mn | 137.87 Mn | 44.96% |
| 8 | Cronos | 1.26 Bn | -1.96 Bn | 28.45 Mn | 40.30% |
| 9 | Turning Point Brands | 1.21 Bn | 343.16 Mn | 93.70 Mn | 65.55% |
| 10 | Glass House Brands | 560.44 Mn | 486.00 Mn | 15.77 Mn | 33.54% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 33.54% |
| Mar 31, 2026 | 14.16% |
| Dec 31, 2025 | 33.99% |
| Sep 30, 2025 | 30.58% |
| Jun 30, 2025 | 54.76% |
| Mar 31, 2025 | 44.77% |
| Dec 31, 2024 | 42.89% |
| Sep 30, 2024 | 52.40% |
| Jun 30, 2024 | 53.16% |
| Dec 31, 2023 | 44.55% |
| Sep 30, 2023 | 53.98% |
| Jun 30, 2023 | 54.57% |
| Dec 31, 2022 | 30.83% |
| Jun 30, 2022 | 1.54% |
| Mar 31, 2022 | 14.01% |
| Dec 31, 2021 | -1.99% |
| Sep 30, 2021 | 13.67% |
| Jun 30, 2021 | 46.02% |
| Mar 31, 2021 | 35.71% |
| Dec 31, 2020 | 38.83% |
API Access
Glass House Brands 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=GLAS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-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=gross-margin&ticker=GLAS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();