Sndl (SNDL) EBITDA Margin (2019 - 2026)
Sndl (SNDL) reported EBITDA Margin of -14.46% for Q3 2026, down 15.66 percentage points from 1.20% a year earlier and down 17.07 percentage points from the prior quarter.
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Analysis
Sndl (SNDL) EBITDA Margin (2019 - 2026) Analysis & Trends
Over the twelve months ended Sep 30, 2026, Sndl's EBITDA Margin came in at 0.30%, down 5.66 percentage points year-over-year; for FY2025, it was 4.98%, up 9.81 percentage points from FY2024.
- EBITDA Margin has increased for five consecutive years, with a five-year change of +242.05 percentage points (FY2020 to FY2025).
- By year, EBITDA Margin came in at -4.83% in FY2024 (+5.43 pp), -10.26% in FY2023 (+30.92 pp), -41.18% in FY2022 (+143.45 pp) and -184.62% in FY2021 (+52.45 pp).
- The Q3 2026 figure ranks as the lowest quarterly EBITDA Margin since Q4 2023.
- Year over year, EBITDA Margin gained in four of the last eight quarters, with an average year-over-year change of +2.92 percentage points.
- The high point for year-over-year EBITDA Margin in five years was Q2 2022 (a gain of 507.80 percentage points); the low point was Q1 2022 (a drop of 137.83 percentage points).
- Per Business Quant data, the three quarters before Q3 2026 came in at 2.61% (Q2 2026), 2.55% (Q1 2026) and 8.39% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Philip Morris International | 303.52 Bn | 280.52 Bn | 7.85 Bn | 47.01% |
| 2 | British American Tobacco p.l.c | 132.82 Bn | 111.64 Bn | - | - |
| 3 | Altria | 126.54 Bn | 113.47 Bn | 3.94 Bn | 55.01% |
| 4 | Curaleaf Holdings | 2.37 Bn | 2.00 Bn | 170.48 Mn | 15.45% |
| 5 | Trulieve Cannabis | 2.11 Bn | 729.12 Mn | 162.29 Mn | -127.26% |
| 6 | RLX Technology | 1.96 Bn | -1.30 Bn | - | - |
| 7 | Green Thumb Industries | 1.45 Bn | 214.02 Mn | 146.79 Mn | 22.57% |
| 8 | Cronos | 1.30 Bn | -1.97 Bn | 28.45 Mn | 15.27% |
| 9 | Turning Point Brands | 1.27 Bn | 375.50 Mn | 93.70 Mn | - |
| 10 | Sndl | 358.70 Mn | -331.40 Mn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | -14.46% |
| Jun 30, 2026 | 2.61% |
| Mar 31, 2026 | 2.55% |
| Dec 31, 2025 | 10.77% |
| Sep 30, 2025 | 1.20% |
| Jun 30, 2025 | 7.74% |
| Mar 31, 2025 | 1.04% |
| Dec 31, 2024 | 11.96% |
| Sep 30, 2024 | -1.92% |
| Jun 30, 2024 | 4.08% |
| Mar 31, 2024 | 5.15% |
| Dec 31, 2023 | -30.97% |
| Sep 30, 2023 | 0.99% |
| Jun 30, 2023 | -5.36% |
| Mar 31, 2023 | -4.59% |
| Dec 31, 2022 | -51.27% |
| Sep 30, 2022 | -29.28% |
| Jun 30, 2022 | -19.50% |
| Mar 31, 2022 | -103.30% |
| Dec 31, 2021 | 24.50% |
API Access
Sndl EBITDA 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=ebitda-margin&ticker=SNDL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ebitda-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=ebitda-margin&ticker=SNDL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();