High Tide (HITI) Tax Rate (2020 - 2025)
High Tide's Tax Rate was -92.48% in fiscal Q2 2026 (quarter ended Apr 30, 2026), down 94.13 percentage points from 1.65% a year earlier and down 105.30 percentage points from the prior quarter.
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Analysis
High Tide (HITI) Tax Rate (2020 - 2025) Analysis & Trends
On a trailing twelve-month basis, High Tide's Tax Rate was -1.97% through Apr 30, 2026, up 7.61 percentage points year-over-year; for FY2025 (ended Oct 31, 2025), it was -0.69%, up 0.87 percentage points from FY2024.
- Tax Rate shows a five-year change of -4.55 percentage points (FY2020 to FY2025).
- In earlier fiscal years, Tax Rate was -1.57% in FY2024 (+0.33 pp), -1.90% in FY2023 (-2.41 pp), 0.52% in FY2022 (-4.99 pp) and 5.51% in FY2021 (+1.65 pp).
- The fiscal Q2 2026 figure marks the lowest quarterly Tax Rate in data going back to fiscal Q3 2020.
- Compared with a year earlier, Tax Rate was higher in six of the last eight quarters, with an average year-over-year change of +0.70 percentage points.
- The best year-over-year quarter for Tax Rate over five years was fiscal Q4 2024 (a gain of 51.11 percentage points); the worst was fiscal Q2 2026 (a drop of 94.13 percentage points).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Philip Morris International | 297.66 Bn | 279.23 Bn | 7.66 Bn | 22.25% |
| 2 | British American Tobacco p.l.c | 125.80 Bn | 104.94 Bn | - | - |
| 3 | Altria | 112.42 Bn | 98.63 Bn | 3.82 Bn | 21.54% |
| 4 | Curaleaf Holdings | 2.73 Bn | 2.33 Bn | 169.91 Mn | - |
| 5 | RLX Technology | 2.65 Bn | -916.64 Mn | 52.74 Mn | - |
| 6 | Trulieve Cannabis | 2.10 Bn | 712.57 Mn | 162.29 Mn | - |
| 7 | Green Thumb Industries | 1.33 Bn | 184.54 Mn | 137.87 Mn | 78.51% |
| 8 | Cronos | 1.22 Bn | -2.00 Bn | 28.45 Mn | 0.14% |
| 9 | Turning Point Brands | 1.18 Bn | 308.67 Mn | 93.70 Mn | 26.34% |
| 10 | High Tide | 238.15 Mn | 136.45 Mn | 34.98 Mn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2025 | 0.57% |
| Apr 30, 2024 | 2.35% |
| Jul 31, 2022 | 17.22% |
| Oct 31, 2020 | 4.36% |
API Access
High Tide Tax Rate 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=tax-rate&ticker=HITI&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "tax-rate", "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=tax-rate&ticker=HITI&period=max&api_key=YOUR_API_KEY");
const data = await res.json();