Glass House Brands (GLAS) Operating Margin (2018 - 2026)
Glass House Brands' (GLAS) quarterly Operating Margin came in at 6.37% in Q2 2026, down 2797.0% year-over-year from 0.24% in Q2 2025, and up 87.47% quarter-over-quarter from 50.87% in Q1 2026.
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Glass House Brands (GLAS) Operating Margin (2018 - 2026) Analysis & Trends
Glass House Brands (GLAS) has reported Operating Margin for 9 consecutive years, with 6.37% the latest figure, recorded in Q2 2026.
- On a quarterly basis, Operating Margin fell 2797.0% year-over-year to 6.37% in Q2 2026; TTM through Jun 2026 was 27.21%, a 3520.0% decrease from a year earlier, with the FY2025 full-year figure at 9.08%, down 1194.0% from the prior year.
- Operating Margin was 6.37% for Q2 2026 at Glass House Brands, up from 50.87% in the prior quarter.
- Over five years, Operating Margin peaked at 21.6% in Q2 2025 and troughed at 113.08% in Q1 2022.
- A 5-year average of 27.74% and a median of 6.94% in 2025 frame the typical range for Operating Margin.
- Across the five-year window, Operating Margin slumped 9808 bps in 2022 and jumped 11059 bps in 2023, its largest moves.
- Over 5 years, Operating Margin stood at 55.12% in 2022, then plunged by 49 bps to 82.04% in 2023, then jumped by 105 bps to 3.91% in 2024, then tumbled by 934 bps to 32.64% in 2025, then jumped by 80 bps to 6.37% in 2026.
- The last three Operating Margin figures came in at 6.37% (Q2 2026), 50.87% (Q1 2026), and 32.64% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Curaleaf Holdings | 2.66 Bn | 2.57 Bn | 169.91 Mn | 1.24% |
| 2 | Trulieve Cannabis | 2.29 Bn | 1.97 Bn | 162.29 Mn | -136.75% |
| 3 | Green Thumb Industries | 1.71 Bn | 1.43 Bn | 137.87 Mn | 6.51% |
| 4 | Cronos | 1.18 Bn | 381.72 Mn | 28.45 Mn | 10.49% |
| 5 | Glass House Brands | 667.78 Mn | 649.22 Mn | 15.77 Mn | -6.37% |
| 6 | Vireo Growth | 547.80 Mn | 405.50 Mn | 95.30 Mn | -3.01% |
| 7 | Tilray Brands | 467.46 Mn | 232.83 Mn | 90.52 Mn | -5.84% |
| 8 | Verano Holdings | 439.55 Mn | 354.35 Mn | 99.70 Mn | 1.44% |
| 9 | Canopy Growth | 403.18 Mn | 156.17 Mn | 16.08 Mn | -22.03% |
| 10 | Sndl | 365.15 Mn | 232.60 Mn | 40.74 Mn | -3.33% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -6.37% |
| Mar 31, 2026 | -50.87% |
| Dec 31, 2025 | -32.64% |
| Sep 30, 2025 | -29.60% |
| Jun 30, 2025 | 21.60% |
| Mar 31, 2025 | -6.94% |
| Dec 31, 2024 | 3.91% |
| Sep 30, 2024 | 11.71% |
| Jun 30, 2024 | 9.35% |
| Dec 31, 2023 | -82.04% |
| Sep 30, 2023 | 10.14% |
| Jun 30, 2023 | 7.22% |
| Dec 31, 2022 | -55.12% |
| Jun 30, 2022 | -103.37% |
| Mar 31, 2022 | -113.08% |
| Dec 31, 2021 | -107.14% |
| Sep 30, 2021 | -55.43% |
| Jun 30, 2021 | -5.29% |
| Mar 31, 2021 | -32.54% |
| Dec 31, 2020 | -12.44% |