Sndl (SNDL) EBT Margin (2019 - 2026)
Sndl's EBT Margin was -21.34% in Q3 2026, down 15.88 percentage points from -5.45% a year earlier and down 17.30 percentage points from the prior quarter.
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Analysis
Sndl (SNDL) EBT Margin (2019 - 2026) Analysis & Trends
On a trailing twelve-month basis, Sndl's EBT Margin was -4.89% through Sep 30, 2026, down 4.74 percentage points year-over-year; for FY2025, it was -1.57%, up 9.25 percentage points from FY2024.
- EBT Margin has now increased for four consecutive years, with a five-year change of +279.82 percentage points (FY2020 to FY2025).
- In earlier years, EBT Margin was -10.83% in FY2024 (+7.13 pp), -17.96% in FY2023 (+34.08 pp), -52.05% in FY2022 (+296.80 pp) and -348.84% in FY2021 (-67.45 pp).
- The Q3 2026 figure marks the lowest quarterly EBT Margin since Q4 2023.
- Compared with a year earlier, EBT Margin was higher in four of the last eight quarters, with an average year-over-year change of +5.53 percentage points.
- The best year-over-year quarter for EBT Margin over five years was Q1 2022 (a gain of 955.41 percentage points); the worst was Q3 2022 (a drop of 50.85 percentage points).
- Per Business Quant data, SNDL's EBT Margin in the three quarters before Q3 2026 was -4.03% (Q2 2026), -5.82% (Q1 2026) and 7.68% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBT Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Philip Morris International | 302.85 Bn | 281.83 Bn | 7.85 Bn | 40.16% |
| 2 | British American Tobacco p.l.c | 140.62 Bn | 117.27 Bn | - | - |
| 3 | Altria | 126.99 Bn | 113.97 Bn | 3.94 Bn | 53.65% |
| 4 | RLX Technology | 2.37 Bn | -1.38 Bn | 52.74 Mn | 24.43% |
| 5 | Curaleaf Holdings | 2.36 Bn | 1.98 Bn | 170.48 Mn | -6.49% |
| 6 | Verano Holdings | 2.05 Bn | 1.71 Bn | 100.04 Mn | 1.51% |
| 7 | Trulieve Cannabis | 1.89 Bn | 629.78 Mn | 148.02 Mn | 11.74% |
| 8 | Green Thumb Industries | 1.59 Bn | 362.48 Mn | 146.79 Mn | 6.60% |
| 9 | Cronos | 1.25 Bn | -1.89 Bn | 32.28 Mn | 22.32% |
| 10 | Sndl | 366.07 Mn | -193.98 Mn | 41.35 Mn | -21.34% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | -21.34% |
| Jun 30, 2026 | -4.03% |
| Mar 31, 2026 | -5.82% |
| Dec 31, 2025 | -41.82% |
| Sep 30, 2025 | 7.40% |
| Jun 30, 2025 | 1.18% |
| Mar 31, 2025 | -7.18% |
| Dec 31, 2024 | -47.90% |
| Sep 30, 2024 | -7.56% |
| Jun 30, 2024 | -2.74% |
| Mar 31, 2024 | -3.87% |
| Dec 31, 2023 | -53.56% |
| Sep 30, 2023 | -9.19% |
| Jun 30, 2023 | -12.93% |
| Mar 31, 2023 | -18.20% |
| Dec 31, 2022 | -64.89% |
| Sep 30, 2022 | -44.98% |
| Jun 30, 2022 | -33.29% |
| Mar 31, 2022 | -189.00% |
| Dec 31, 2021 | -3.43% |
API Access
Sndl EBT 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=ebt-margin&ticker=SNDL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ebt-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=ebt-margin&ticker=SNDL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();