High Tide (HITI) Return on Invested Capital [ROIC] (2021 - 2026)
High Tide (HITI) recorded Return on Invested Capital [ROIC] of -7.65% in fiscal Q2 2026 (quarter ended Apr 30, 2026), down 7.72 percentage points from 0.07% a year earlier but up 3.74 percentage points from the prior quarter.
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Analysis
High Tide (HITI) Return on Invested Capital [ROIC] (2021 - 2026) Analysis & Trends
For FY2025 (ended Oct 31, 2025), High Tide reported Return on Invested Capital [ROIC] of -9.33%, down 12.30 percentage points from FY2024.
- Annual Return on Invested Capital [ROIC] has a four-year change of +9.78 percentage points (FY2021 to FY2025).
- Across earlier fiscal years, Return on Invested Capital [ROIC] came in at 2.97% in FY2024 (+25.66 pp), -22.69% in FY2023 (+16.54 pp), -39.23% in FY2022 (-20.12 pp) and -19.11% in FY2021.
- Quarterly Return on Invested Capital [ROIC] has ranged from -33.52% in fiscal Q4 2022 to 0.75% in fiscal Q1 2025 over the past five years.
- On a year-over-year basis, Return on Invested Capital [ROIC] rose in two of the last four quarters, with an average year-over-year change of +2.20 percentage points.
- Peak year-over-year performance for Return on Invested Capital [ROIC] in the last five years was a gain of 16.23 percentage points in fiscal Q1 2025, against a drop of 23.19 percentage points in fiscal Q4 2022 at the low end.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROIC (Qtr) |
|---|---|---|---|---|---|
| 1 | Philip Morris International | 292.24 Bn | 273.81 Bn | 7.66 Bn | 30.08% |
| 2 | British American Tobacco p.l.c | 121.70 Bn | 100.85 Bn | - | - |
| 3 | Altria | 112.46 Bn | 98.66 Bn | 3.82 Bn | 38.90% |
| 4 | Curaleaf Holdings | 2.67 Bn | 2.27 Bn | 169.91 Mn | 1.26% |
| 5 | RLX Technology | 2.65 Bn | -916.64 Mn | 52.74 Mn | 3.64% |
| 6 | Trulieve Cannabis | 2.06 Bn | 674.09 Mn | 162.29 Mn | -26.37% |
| 7 | Green Thumb Industries | 1.30 Bn | 155.26 Mn | 137.87 Mn | 2.41% |
| 8 | Cronos | 1.19 Bn | -2.03 Bn | 28.45 Mn | - |
| 9 | Turning Point Brands | 1.12 Bn | 246.72 Mn | 93.70 Mn | 9.05% |
| 10 | High Tide | 229.43 Mn | 127.72 Mn | 34.98 Mn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Apr 30, 2026 | -7.65% |
| Jan 31, 2026 | -11.39% |
| Apr 30, 2025 | 0.07% |
| Jan 31, 2025 | 0.75% |
| Apr 30, 2024 | -12.35% |
| Jan 31, 2024 | -15.48% |
| Apr 30, 2023 | -19.82% |
| Jan 31, 2023 | -17.94% |
| Oct 31, 2022 | -33.52% |
| Jul 31, 2022 | 0.00% |
| Apr 30, 2022 | -4.42% |
| Jan 31, 2022 | -8.06% |
| Oct 31, 2021 | -10.33% |
| Jul 31, 2021 | -8.85% |
API Access
High Tide Return on Invested Capital [ROIC] 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=return-on-invested-capital-%5Broic%5D&ticker=HITI&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-invested-capital-[roic]", "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=return-on-invested-capital-%5Broic%5D&ticker=HITI&period=max&api_key=YOUR_API_KEY");
const data = await res.json();