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 | 303.52 Bn | 280.52 Bn | 7.85 Bn | 40.16% |
| 2 | British American Tobacco p.l.c | 132.82 Bn | 111.64 Bn | - | - |
| 3 | Altria | 126.54 Bn | 113.47 Bn | 3.94 Bn | 53.65% |
| 4 | Curaleaf Holdings | 2.37 Bn | 2.00 Bn | 170.48 Mn | -6.49% |
| 5 | Trulieve Cannabis | 2.11 Bn | 729.12 Mn | 162.29 Mn | -141.50% |
| 6 | RLX Technology | 1.96 Bn | -1.30 Bn | - | - |
| 7 | Green Thumb Industries | 1.45 Bn | 214.02 Mn | 146.79 Mn | 6.60% |
| 8 | Cronos | 1.30 Bn | -1.97 Bn | 28.45 Mn | 50.59% |
| 9 | Turning Point Brands | 1.27 Bn | 375.50 Mn | 93.70 Mn | 9.78% |
| 10 | Sndl | 358.70 Mn | -331.40 Mn | - | - |
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 | 6.29% |
| Sep 30, 2025 | -5.45% |
| 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 | -215.56% |
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();