High Tide (HITI) Gross Margin (2020 - 2026)
High Tide (HITI) recorded Gross Margin of 26.53% in fiscal Q3 2026 (quarter ended Jul 31, 2026), down 0.25 percentage points from 26.78% a year earlier and down 0.46 percentage points from the prior quarter.
High Tide (HITI) Gross Margin (2020 - 2026) Analysis & Trends
On a TTM basis, High Tide's Gross Margin came in at 26.11% as of Jul 31, 2026, down 0.40 percentage points year-over-year; for FY2025 (ended Oct 31, 2025), it was 25.85%, down 1.44 percentage points from FY2024.
- Annual Gross Margin has a five-year change of -11.16 percentage points (FY2020 to FY2025).
- Across earlier fiscal years, Gross Margin came in at 27.28% in FY2024 (+0.36 pp), 26.93% in FY2023 (-1.36 pp), 28.29% in FY2022 (-7.04 pp) and 35.33% in FY2021 (-1.68 pp).
- Quarterly Gross Margin has ranged from 24.90% in fiscal Q1 2026 to 32.56% in fiscal Q4 2021 over the past five years.
- Per Business Quant, the preceding three fiscal quarters came in at 26.99% (Q2 2026), 24.90% (Q1 2026) and 25.93% (Q4 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Philip Morris International | 307.33 Bn | 286.97 Bn | 7.66 Bn | 68.43% |
| 2 | British American Tobacco p.l.c | 128.97 Bn | 105.33 Bn | - | - |
| 3 | Altria | 123.30 Bn | 109.46 Bn | 3.82 Bn | 62.51% |
| 4 | Trulieve Cannabis | 2.12 Bn | 741.64 Mn | 162.29 Mn | 59.90% |
| 5 | Curaleaf Holdings | 2.12 Bn | 1.72 Bn | 169.91 Mn | 49.96% |
| 6 | RLX Technology | 2.06 Bn | -1.70 Bn | 52.74 Mn | 35.41% |
| 7 | Green Thumb Industries | 1.43 Bn | 279.53 Mn | 137.87 Mn | 44.96% |
| 8 | Turning Point Brands | 1.28 Bn | 389.03 Mn | 93.70 Mn | 65.55% |
| 9 | Cronos | 1.27 Bn | -2.01 Bn | 28.45 Mn | 40.30% |
| 10 | High Tide | 220.24 Mn | 110.97 Mn | 37.83 Mn | 26.53% |
Historic Data
| Date | Value |
|---|---|
| Jul 31, 2026 | 26.53% |
| Apr 30, 2026 | 26.99% |
| Jan 31, 2026 | 24.90% |
| Oct 31, 2025 | 25.93% |
| Jul 31, 2025 | 26.78% |
| Oct 31, 2024 | 25.85% |
| Oct 31, 2023 | 25.95% |
| Jul 31, 2023 | 27.81% |
| Apr 30, 2023 | 26.72% |
| Jan 31, 2023 | 27.25% |
| Oct 31, 2022 | 27.27% |
| Jul 31, 2022 | 27.59% |
| Oct 31, 2021 | 32.56% |
| Oct 31, 2020 | 35.07% |
| Jul 31, 2020 | 39.58% |
High Tide 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=HITI&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "ticker": "HITI", "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=HITI&period=max&api_key=YOUR_API_KEY");
const data = await res.json();