Sndl (SNDL) Gross Margin (2019 - 2026)
Sndl (SNDL) recorded Gross Margin of 24.32% in Q3 2026, down 1.96 percentage points from 26.28% a year earlier but up 0.42 percentage points from the prior quarter.
Powered by 
Analysis
Sndl (SNDL) Gross Margin (2019 - 2026) Analysis & Trends
On a TTM basis, Sndl's Gross Margin came in at 24.25% as of Sep 30, 2026, down 2.47 percentage points year-over-year; for FY2025, it was 25.79%, up 1.15 percentage points from FY2024.
- Annual Gross Margin has increased for five straight years, with a five-year change of +93.80 percentage points (FY2020 to FY2025).
- Across earlier years, Gross Margin came in at 24.64% in FY2024 (+4.76 pp), 19.88% in FY2023 (+0.64 pp), 19.24% in FY2022 (+32.62 pp) and -13.38% in FY2021 (+54.64 pp).
- Quarterly Gross Margin has ranged from -32.35% in Q4 2021 to 27.64% in Q1 2025 over the past five years.
- On a year-over-year basis, Gross Margin has declined for five consecutive quarters, with an average year-over-year change of -0.47 percentage points over the last eight quarters.
- Peak year-over-year performance for Gross Margin in the last five years was a gain of 50.00 percentage points in Q4 2022, against a drop of 4.51 percentage points in Q4 2021 at the low end.
- Per Business Quant, the preceding three quarters came in at 23.90% (Q2 2026), 26.96% (Q1 2026) and 22.73% (Q4 2025).
Peer Set
Peer Comparison
API Access
Sndl Gross 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=gross-margin&ticker=SNDL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-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=gross-margin&ticker=SNDL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();