High Tide (HITI) Net Margin (2020 - 2026)
High Tide's Net Margin came in at 6.41% for fiscal Q3 2026 (quarter ended Jul 31, 2026), up 5.86 percentage points from 0.56% a year earlier and up 6.40 percentage points from the prior quarter.
High Tide (HITI) Net Margin (2020 - 2026) Analysis & Trends
Over the trailing twelve months to Jul 31, 2026, High Tide reported Net Margin of -4.55%, down 2.81 percentage points year-over-year; for FY2025 (ended Oct 31, 2025), it came in at -8.54%, down 7.71 percentage points from FY2024.
- Net Margin carries a five-year change of -0.03 percentage points (FY2020 to FY2025).
- Going back by fiscal year, Net Margin was -0.83% in FY2024 (+7.23 pp), -8.06% in FY2023 (+12.05 pp), -20.11% in FY2022 (-1.14 pp) and -18.97% in FY2021 (-10.46 pp).
- The fiscal Q3 2026 figure represents the highest quarterly Net Margin since fiscal Q4 2023.
- Business Quant data shows HITI's Net Margin at 0.01% (Q2 2026), 0.68% (Q1 2026) and -28.48% (Q4 2025) in the three fiscal quarters before Q3 2026.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Philip Morris International | 307.33 Bn | 286.97 Bn | 7.66 Bn | 25.17% |
| 2 | British American Tobacco p.l.c | 128.97 Bn | 105.33 Bn | - | - |
| 3 | Altria | 123.30 Bn | 109.46 Bn | 3.82 Bn | 37.60% |
| 4 | Trulieve Cannabis | 2.12 Bn | 741.64 Mn | 162.29 Mn | -149.83% |
| 5 | Curaleaf Holdings | 2.12 Bn | 1.72 Bn | 169.91 Mn | 3.68% |
| 6 | RLX Technology | 2.06 Bn | -1.70 Bn | 52.74 Mn | 4.31% |
| 7 | Green Thumb Industries | 1.43 Bn | 279.53 Mn | 137.87 Mn | 1.59% |
| 8 | Turning Point Brands | 1.28 Bn | 389.03 Mn | 93.70 Mn | 2.52% |
| 9 | Cronos | 1.27 Bn | -2.01 Bn | 28.45 Mn | 45.45% |
| 10 | High Tide | 220.24 Mn | 110.97 Mn | 37.83 Mn | 6.41% |
Historic Data
| Date | Value |
|---|---|
| Jul 31, 2026 | 6.41% |
| Apr 30, 2026 | 0.01% |
| Jan 31, 2026 | 0.68% |
| Oct 31, 2025 | -28.48% |
| Jul 31, 2025 | 0.56% |
| Oct 31, 2024 | -3.47% |
| Oct 31, 2023 | 7.58% |
| Jul 31, 2023 | -2.87% |
| Apr 30, 2023 | -1.33% |
| Jan 31, 2023 | -3.34% |
| Oct 31, 2022 | -49.82% |
| Jul 31, 2022 | -2.50% |
| Oct 31, 2021 | -6.61% |
| Oct 31, 2020 | -8.27% |
| Jul 31, 2020 | 15.87% |
High Tide Net 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=net-margin&ticker=HITI&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-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=net-margin&ticker=HITI&period=max&api_key=YOUR_API_KEY");
const data = await res.json();