High Tide (HITI) Operating Margin (2020 - 2026)
High Tide's Operating Margin was 4.38% in fiscal Q3 2026 (quarter ended Jul 31, 2026), up 1.88 percentage points from 2.50% a year earlier and up 0.98 percentage points from the prior quarter.
High Tide (HITI) Operating Margin (2020 - 2026) Analysis & Trends
On a trailing twelve-month basis, High Tide's Operating Margin was -0.27% through Jul 31, 2026, down 0.61 percentage points year-over-year; for FY2025 (ended Oct 31, 2025), it was -2.43%, down 3.39 percentage points from FY2024.
- Operating Margin shows a five-year change of -2.54 percentage points (FY2020 to FY2025).
- In earlier fiscal years, Operating Margin was 0.96% in FY2024 (+9.45 pp), -8.49% in FY2023 (+11.77 pp), -20.26% in FY2022 (-9.95 pp) and -10.31% in FY2021 (-10.42 pp).
- The fiscal Q3 2026 figure marks the highest quarterly Operating Margin since fiscal Q3 2022.
- Per Business Quant data, HITI's Operating Margin in the three fiscal quarters before Q3 2026 was 3.40% (Q2 2026), 1.33% (Q1 2026) and -11.70% (Q4 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Philip Morris International | 312.80 Bn | 292.44 Bn | 7.66 Bn | 40.48% |
| 2 | British American Tobacco p.l.c | 132.04 Bn | 108.41 Bn | - | - |
| 3 | Altria | 126.64 Bn | 112.79 Bn | 3.82 Bn | 51.32% |
| 4 | Curaleaf Holdings | 2.11 Bn | 1.72 Bn | 169.91 Mn | 1.24% |
| 5 | Trulieve Cannabis | 2.10 Bn | 715.63 Mn | 162.29 Mn | -136.75% |
| 6 | RLX Technology | 2.01 Bn | -1.76 Bn | 52.74 Mn | 12.90% |
| 7 | Green Thumb Industries | 1.41 Bn | 259.63 Mn | 137.87 Mn | 6.51% |
| 8 | Turning Point Brands | 1.33 Bn | 439.35 Mn | 93.70 Mn | 11.69% |
| 9 | Cronos | 1.29 Bn | -1.99 Bn | 28.45 Mn | 10.49% |
| 10 | High Tide | 218.18 Mn | 108.92 Mn | 37.83 Mn | 4.38% |
Historic Data
| Date | Value |
|---|---|
| Jul 31, 2026 | 4.38% |
| Apr 30, 2026 | 3.40% |
| Jan 31, 2026 | 1.33% |
| Oct 31, 2025 | -11.70% |
| Jul 31, 2025 | 2.50% |
| Oct 31, 2024 | -2.05% |
| Oct 31, 2023 | -26.91% |
| Jul 31, 2023 | -0.53% |
| Apr 30, 2023 | -2.24% |
| Jan 31, 2023 | -3.32% |
| Oct 31, 2022 | -49.81% |
| Jul 31, 2022 | 6.69% |
| Oct 31, 2021 | -8.90% |
| Oct 31, 2020 | 2.71% |
| Jul 31, 2020 | 34.73% |
High Tide Operating 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=operating-margin&ticker=HITI&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-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=operating-margin&ticker=HITI&period=max&api_key=YOUR_API_KEY");
const data = await res.json();