High Tide (HITI) Gross Margin (2020 - 2026)
High Tide (HITI) reported Gross Margin of 24.9% for Q1 2026, up 3.0% year-over-year from 24.18% in Q1 2025, and down 3.95% quarter-over-quarter from 25.93% in Q4 2025.
High Tide (HITI) Gross Margin (2020 - 2026) Analysis & Trends
High Tide (HITI) has 7 years of Gross Margin data on file, last reported at 24.9% in Q1 2026.
- Gross Margin for Q1 2026 came in at 24.9%, up 3.0% year-over-year; the trailing twelve-month figure through Jan 2026 was 25.8% (down 74.0% YoY), and the FY2025 annual result was 25.85%, down 144.0% from the prior year.
- Gross Margin eased to 24.9% in Q1 2026 per HITI's latest filing, from 25.93% in the prior quarter.
- Over five years, Gross Margin peaked at 31.82% in Q1 2022 and troughed at 24.88% in Q1 2025.
- A 5-year average of 27.06% and a median of 27.02% in 2023 frame the typical range for Gross Margin.
- The sharpest annual moves came in 2022 and 2024: Gross Margin tumbled 529 bps in 2022, then soared 169 bps in 2024.
- A 5-year view of Gross Margin shows it stood at 27.27% in 2022, then declined by 5 bps to 25.95% in 2023, then slipped by 0 bps to 25.85% in 2024, then climbed by 0 bps to 25.93% in 2025, then decreased by 4 bps to 24.9% in 2026.
- Business Quant data shows HITI's Gross Margin at 24.9% in Q1 2026, 25.93% in Q4 2025, and 26.78% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | High Tide | 558.20 Mn | 531.28 Mn | 32.00 Mn | 24.90% |
| 2 | Wellgistics Health | 385.01 Mn | 384.95 Mn | 170,221.00 | 10.91% |
| 3 | Petmed Express | 35.71 Mn | 8.80 Mn | 9.46 Mn | 23.26% |
| 4 | Scienture Holdings | 14.72 Mn | 14.72 Mn | 53,850.00 | 95.61% |
| 5 | Ridgetech | 15.50 | -4.11 Mn | - | - |
| 6 | Scientist Home Future Health | - | - | 32,589.00 | 37.00% |
| 7 | BioScience Health Innovations | - | - | 485,596.00 | 64.66% |
| 8 | Rest Ez | - | - | - | - |
| 9 | Polomar Health Services | - | - | 550,489.00 | 54.75% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jan 31, 2026 | 24.90% |
| Oct 31, 2025 | 25.93% |
| Jul 31, 2025 | 26.78% |
| 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% |
| 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% |
| 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% |