High Tide (HITI) Operating Margin (2020 - 2026)
High Tide's Operating Margin was 3.40% in fiscal Q2 2026 (quarter ended Apr 30, 2026), up 2.75 percentage points from 0.65% a year earlier and up 2.07 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 -1.47% through Apr 30, 2026, down 1.49 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 Q2 2026 figure marks the highest quarterly Operating Margin since fiscal Q3 2020.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Philip Morris International | 302.31 Bn | 283.88 Bn | 7.66 Bn | 40.48% |
| 2 | British American Tobacco p.l.c | 126.84 Bn | 105.99 Bn | - | - |
| 3 | Altria | 114.73 Bn | 100.93 Bn | 3.82 Bn | 51.32% |
| 4 | Curaleaf Holdings | 2.84 Bn | 2.44 Bn | 169.91 Mn | 1.24% |
| 5 | RLX Technology | 2.65 Bn | -916.64 Mn | 52.74 Mn | 12.90% |
| 6 | Trulieve Cannabis | 2.39 Bn | 1.00 Bn | 162.29 Mn | -136.75% |
| 7 | Green Thumb Industries | 1.49 Bn | 344.56 Mn | 137.87 Mn | 6.51% |
| 8 | Cronos | 1.25 Bn | -1.97 Bn | 28.45 Mn | 10.49% |
| 9 | Turning Point Brands | 1.21 Bn | 336.94 Mn | 93.70 Mn | 11.69% |
| 10 | High Tide | 244.26 Mn | 142.55 Mn | 34.98 Mn | - |
Historic Data
| Date | Value |
|---|---|
| Apr 30, 2026 | 3.40% |
| Jan 31, 2026 | 1.33% |
| Oct 31, 2025 | -11.70% |
| Apr 30, 2025 | 0.65% |
| Oct 31, 2024 | -2.05% |
| Jun 30, 2024 | 1.60% |
| Oct 31, 2023 | -26.91% |
| Apr 30, 2023 | -2.24% |
| Jan 31, 2023 | -3.32% |
| Oct 31, 2022 | -49.81% |
| Jul 31, 2022 | -5.00% |
| Oct 31, 2021 | -8.90% |
| Oct 31, 2020 | 2.71% |
| Jul 31, 2020 | 6.74% |
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();