High Tide (HITI) Gross Margin (2020 - 2026)
High Tide (HITI) posted quarterly Gross Margin of 26.99% for Q2 2026, up 125.0% year-over-year from 12.0% in Q2 2025, and up 8.38% quarter-over-quarter from 24.9% in Q1 2026.
High Tide (HITI) Gross Margin (2020 - 2026) Analysis & Trends
High Tide (HITI) has reported Gross Margin for 7 consecutive years, with 26.99% the latest figure, recorded in Q2 2026.
- In Q2 2026, Gross Margin rose 125.0% year-over-year to 26.99%; the TTM figure through Apr 2026 stood at 26.05% (down 7.0% YoY), while the FY2025 annual figure was 25.85%, down 144.0% from the prior year.
- Gross Margin climbed to 26.99% in Q2 2026 per HITI's latest filing, from 24.9% in the prior quarter.
- Across five years, Gross Margin topped out at 31.82% in Q1 2022 and bottomed at 24.88% in Q1 2025.
- Historically, Gross Margin has averaged 26.99% across 5 years, with a median of 26.86% in 2023.
- Annual changes were most pronounced in 2022 — Gross Margin tumbled 529 bps — and 2024, when it soared 169 bps.
- High Tide's Gross Margin stood at 27.27% in 2022, then fell by 5 bps to 25.95% in 2023, then dropped by 0 bps to 25.85% in 2024, then grew by 0 bps to 25.93% in 2025, then climbed by 4 bps to 26.99% in 2026.
- Business Quant data shows HITI's Gross Margin at 26.99% in Q2 2026, 24.9% in Q1 2026, and 25.93% in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | High Tide | 215.72 Mn | 182.44 Mn | 35.30 Mn | 26.99% |
| 2 | BioScience Health Innovations | 46.85 Mn | 46.14 Mn | 659,483.00 | 63.63% |
| 3 | Petmed Express | 38.27 Mn | 25.17 Mn | 11.33 Mn | 27.63% |
| 4 | Scienture Holdings | 18.71 Mn | 18.71 Mn | 335,779.00 | 97.71% |
| 5 | Polomar Health Services | 8.48 Mn | 8.31 Mn | 935,916.00 | 61.22% |
| 6 | Ridgetech | 58,250.67 | -17.85 Mn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Apr 30, 2026 | 26.99% |
| Jan 31, 2026 | 24.90% |
| Oct 31, 2025 | 25.93% |
| Apr 30, 2025 | 25.74% |
| Jan 31, 2025 | 24.88% |
| Oct 31, 2024 | 25.85% |
| Apr 30, 2024 | 28.41% |
| Jan 31, 2024 | 28.11% |
| Oct 31, 2023 | 25.95% |
| Apr 30, 2023 | 26.72% |
| Jan 31, 2023 | 27.25% |
| Oct 31, 2022 | 27.27% |
| Apr 30, 2022 | 28.01% |
| Jan 31, 2022 | 31.82% |
| Oct 31, 2021 | 32.56% |
| Oct 31, 2020 | 35.07% |
| Jul 31, 2020 | 39.58% |