High Tide (HITI) EBITDA Margin (2020 - 2026)
High Tide (HITI) posted quarterly EBITDA Margin of 3.4% for Q2 2026, down 245.0% year-over-year from 2.35% in Q2 2025, and up 155.76% quarter-over-quarter from 1.33% in Q1 2026.
High Tide (HITI) EBITDA Margin (2020 - 2026) Analysis & Trends
High Tide (HITI) has reported EBITDA Margin for 7 consecutive years, with 3.4% the latest figure, recorded in Q2 2026.
- In Q2 2026, EBITDA Margin fell 245.0% year-over-year to 3.4%; the TTM figure through Apr 2026 stood at 4.41% (down 175.0% YoY), while the FY2025 annual figure was 6.43%, down 91.0% from the prior year.
- EBITDA Margin grew to 3.4% in Q2 2026 per HITI's latest filing, from 1.33% in the prior quarter.
- Across five years, EBITDA Margin topped out at 8.15% in Q1 2024 and bottomed at 9.35% in Q2 2022.
- Historically, EBITDA Margin has averaged 4.17% across 5 years, with a median of 5.71% in 2023.
- On a YoY basis, EBITDA Margin climbed as much as 1493 bps in 2023 and fell as far as 409 bps in 2023.
- High Tide's EBITDA Margin stood at 6.14% in 2022, then increased by 7 bps to 6.58% in 2023, then decreased by 9 bps to 5.96% in 2024, then grew by 27 bps to 7.57% in 2025, then tumbled by 55 bps to 3.4% in 2026.
- Business Quant data shows HITI's EBITDA Margin at 3.4% in Q2 2026, 1.33% in Q1 2026, and 7.57% in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | High Tide | 215.72 Mn | 182.44 Mn | 35.30 Mn | 3.40% |
| 2 | BioScience Health Innovations | 46.85 Mn | 46.14 Mn | 659,483.00 | -21.02% |
| 3 | Petmed Express | 38.27 Mn | 25.17 Mn | 11.33 Mn | -15.19% |
| 4 | Scienture Holdings | 18.71 Mn | 18.71 Mn | 335,779.00 | -785.63% |
| 5 | Polomar Health Services | 8.48 Mn | 8.31 Mn | 935,916.00 | 14.29% |
| 6 | Ridgetech | 58,250.67 | -17.85 Mn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Apr 30, 2026 | 3.40% |
| Jan 31, 2026 | 1.33% |
| Oct 31, 2025 | 7.57% |
| Apr 30, 2025 | 5.85% |
| Jan 31, 2025 | 4.98% |
| Oct 31, 2024 | 5.96% |
| Apr 30, 2024 | 8.08% |
| Jan 31, 2024 | 8.15% |
| Oct 31, 2023 | 6.58% |
| Apr 30, 2023 | 5.58% |
| Jan 31, 2023 | 0.00% |
| Oct 31, 2022 | 6.14% |
| Apr 30, 2022 | -9.35% |
| Jan 31, 2022 | 4.09% |
| Oct 31, 2021 | 3.05% |
| Jun 30, 2021 | 11.55% |
| Oct 31, 2020 | 14.57% |
| Jul 31, 2020 | 0.01% |