IM Cannabis (IMCC) Operating Margin (2020 - 2026)
IM Cannabis' Operating Margin came in at -27.54% for Q2 2026, down 24.78 percentage points from -2.76% a year earlier and down 8.23 percentage points from the prior quarter.
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Analysis
IM Cannabis (IMCC) Operating Margin (2020 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, IM Cannabis reported Operating Margin of -33.04%, down 29.31 percentage points year-over-year; for FY2025, it came in at -21.17%, down 2.23 percentage points from FY2024.
- Operating Margin carries a five-year change of +30.72 percentage points (FY2020 to FY2025).
- Going back by year, Operating Margin was -18.94% in FY2024 (+7.27 pp), -26.21% in FY2023 (+30.46 pp), -56.67% in FY2022 (+10.98 pp) and -67.64% in FY2021 (-15.76 pp).
- The five-year range for quarterly Operating Margin is -351.79% (Q4 2022) to 68.15% (Q1 2022).
- Year-over-year, Operating Margin has declined for four consecutive quarters, with an average year-over-year change of +14.46 percentage points over the last eight quarters.
- The fastest year-over-year change in Operating Margin over five years came in Q4 2024 (a gain of 185.00 percentage points), and the weakest in Q4 2022 (a drop of 263.61 percentage points).
- Business Quant data shows IMCC's Operating Margin at -19.31% (Q1 2026), -46.17% (Q4 2025) and -29.98% (Q3 2025) in the three quarters before Q2 2026.
Peer Set
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 | IM Cannabis | 1.86 Mn | -2.92 Mn | 1.09 Mn | -27.54% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -27.54% |
| Mar 31, 2026 | -19.31% |
| Dec 31, 2025 | -46.17% |
| Sep 30, 2025 | -29.98% |
| Jun 30, 2025 | -2.76% |
| Mar 31, 2025 | 1.26% |
| Dec 31, 2024 | -5.86% |
| Sep 30, 2024 | -6.86% |
| Jun 30, 2024 | -19.45% |
| Mar 31, 2024 | -46.67% |
| Dec 31, 2023 | -190.87% |
| Sep 30, 2023 | 18.26% |
| Jun 30, 2023 | 13.27% |
| Mar 31, 2023 | 28.87% |
| Dec 31, 2022 | -351.79% |
| Sep 30, 2022 | 39.00% |
| Jun 30, 2022 | 44.27% |
| Mar 31, 2022 | 68.15% |
| Dec 31, 2021 | -88.19% |
| Sep 30, 2021 | -101.04% |
API Access
IM Cannabis 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=IMCC&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-margin", "ticker": "IMCC", "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=IMCC&period=max&api_key=YOUR_API_KEY");
const data = await res.json();