Sndl (SNDL) EBIT Margin (2019 - 2026)
Sndl (SNDL) reported EBIT Margin of -20.30% for Q3 2026, down 15.78 percentage points from -4.52% a year earlier and down 16.98 percentage points from the prior quarter.
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Analysis
Sndl (SNDL) EBIT Margin (2019 - 2026) Analysis & Trends
Over the twelve months ended Sep 30, 2026, Sndl's EBIT Margin came in at -5.45%, down 4.79 percentage points year-over-year; for FY2025, it came in at -0.63%, up 10.01 percentage points from FY2024.
- EBIT Margin has increased for five consecutive years, with a five-year change of +252.23 percentage points (FY2020 to FY2025).
- By year, EBIT Margin came in at -10.64% in FY2024 (+6.39 pp), -17.04% in FY2023 (+30.62 pp), -47.66% in FY2022 (+152.07 pp) and -199.73% in FY2021 (+53.14 pp).
- The Q3 2026 figure ranks as the lowest quarterly EBIT Margin since Q4 2023.
- Year over year, EBIT Margin gained in four of the last eight quarters, with an average year-over-year change of +3.61 percentage points.
- The high point for year-over-year EBIT Margin in five years was Q2 2022 (a gain of 521.72 percentage points); the low point was Q1 2022 (a drop of 129.46 percentage points).
- Per Business Quant data, the three quarters before Q3 2026 came in at -3.33% (Q2 2026), -4.65% (Q1 2026) and 3.80% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBIT Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Philip Morris International | 302.85 Bn | 281.83 Bn | 7.85 Bn | 42.54% |
| 2 | British American Tobacco p.l.c | 140.62 Bn | 117.27 Bn | - | - |
| 3 | Altria | 126.99 Bn | 113.97 Bn | 3.94 Bn | 54.03% |
| 4 | RLX Technology | 2.37 Bn | -1.38 Bn | 52.74 Mn | 12.90% |
| 5 | Curaleaf Holdings | 2.36 Bn | 1.98 Bn | 170.48 Mn | 0.83% |
| 6 | Verano Holdings | 2.05 Bn | 1.71 Bn | 100.04 Mn | 5.61% |
| 7 | Trulieve Cannabis | 1.89 Bn | 629.78 Mn | 148.02 Mn | 18.46% |
| 8 | Green Thumb Industries | 1.59 Bn | 362.48 Mn | 146.79 Mn | 7.73% |
| 9 | Cronos | 1.25 Bn | -1.89 Bn | 32.28 Mn | 10.76% |
| 10 | Sndl | 366.07 Mn | -193.98 Mn | 41.35 Mn | -20.30% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | -20.30% |
| Jun 30, 2026 | -3.33% |
| Mar 31, 2026 | -4.65% |
| Dec 31, 2025 | 1.26% |
| Sep 30, 2025 | -4.52% |
| Jun 30, 2025 | 2.04% |
| Mar 31, 2025 | -5.88% |
| Dec 31, 2024 | 2.85% |
| Sep 30, 2024 | -7.81% |
| Jun 30, 2024 | -2.12% |
| Mar 31, 2024 | -2.21% |
| Dec 31, 2023 | -41.22% |
| Sep 30, 2023 | -6.90% |
| Jun 30, 2023 | -12.75% |
| Mar 31, 2023 | -16.86% |
| Dec 31, 2022 | -62.64% |
| Sep 30, 2022 | -37.65% |
| Jun 30, 2022 | -35.78% |
| Mar 31, 2022 | -115.12% |
| Dec 31, 2021 | 0.12% |
API Access
Sndl EBIT 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=ebit-margin&ticker=SNDL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ebit-margin", "ticker": "SNDL", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=ebit-margin&ticker=SNDL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();