High Tide (HITI) Return on Invested Capital [ROIC] (2021 - 2026)
High Tide (HITI) recorded Return on Invested Capital [ROIC] of -1.46% in fiscal Q3 2026 (quarter ended Jul 31, 2026), down 2.68 percentage points from 1.22% a year earlier but up 3.86 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 -9.68%, down 12.29 percentage points from FY2024.
- Annual Return on Invested Capital [ROIC] has a four-year change of +8.30 percentage points (FY2021 to FY2025).
- Across earlier fiscal years, Return on Invested Capital [ROIC] came in at 2.61% in FY2024 (+26.42 pp), -23.81% in FY2023 (+16.22 pp), -40.03% in FY2022 (-22.05 pp) and -17.98% in FY2021.
- Quarterly Return on Invested Capital [ROIC] has ranged from -31.43% in fiscal Q3 2023 to 2.90% in fiscal Q4 2024 over the past five years.
- On a year-over-year basis, Return on Invested Capital [ROIC] has declined for four consecutive quarters, with an average year-over-year change of +6.10 percentage points over the last eight quarters.
- Peak year-over-year performance for Return on Invested Capital [ROIC] in the last five years was a gain of 26.37 percentage points in fiscal Q4 2024, against a drop of 31.43 percentage points in fiscal Q3 2023 at the low end.
- Per Business Quant, the preceding three fiscal quarters came in at -5.32% (Q2 2026), -9.66% (Q1 2026) and -10.65% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROIC (Qtr) |
|---|---|---|---|---|---|
| 1 | Philip Morris International | 310.95 Bn | 289.94 Bn | 7.85 Bn | 32.08% |
| 2 | British American Tobacco p.l.c | 137.57 Bn | 114.22 Bn | - | - |
| 3 | Altria | 124.10 Bn | 110.30 Bn | 3.82 Bn | 38.90% |
| 4 | RLX Technology | 2.51 Bn | -1.24 Bn | 52.74 Mn | 3.63% |
| 5 | Verano Holdings | 2.17 Bn | 1.84 Bn | 99.70 Mn | -12.28% |
| 6 | Curaleaf Holdings | 2.09 Bn | 1.70 Bn | 169.91 Mn | 1.35% |
| 7 | Trulieve Cannabis | 2.00 Bn | 614.45 Mn | 162.29 Mn | -24.18% |
| 8 | Turning Point Brands | 1.28 Bn | 415.13 Mn | 93.70 Mn | 9.05% |
| 9 | Cronos | 1.24 Bn | -1.98 Bn | 28.45 Mn | - |
| 10 | High Tide | 225.94 Mn | 127.18 Mn | 37.83 Mn | -1.46% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jul 31, 2026 | -1.46% |
| Apr 30, 2026 | -5.32% |
| Jan 31, 2026 | -9.66% |
| Oct 31, 2025 | -10.65% |
| Jul 31, 2025 | 1.22% |
| Apr 30, 2025 | 0.78% |
| Jan 31, 2025 | 1.41% |
| Oct 31, 2024 | 2.90% |
| Jul 31, 2024 | -15.43% |
| Apr 30, 2024 | -17.69% |
| Jan 31, 2024 | -19.32% |
| Oct 31, 2023 | -23.47% |
| Jul 31, 2023 | -31.43% |
| Apr 30, 2023 | -27.59% |
| Jan 31, 2023 | -7.72% |
| Oct 31, 2022 | -28.59% |
| Jul 31, 2022 | 0.00% |
| Apr 30, 2022 | -2.18% |
| Jan 31, 2022 | -3.77% |
| Oct 31, 2021 | -1.78% |
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();