Sndl (SNDL) Net Margin (2019 - 2026)
Sndl (SNDL) recorded Net Margin of -3.32% in Q2 2026, down 4.50 percentage points from 1.18% a year earlier but up 1.74 percentage points from the prior quarter.
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Analysis
Sndl (SNDL) Net Margin (2019 - 2026) Analysis & Trends
On a TTM basis, Sndl's Net Margin came in at -2.36% as of Jun 30, 2026, up 9.31 percentage points year-over-year; for FY2025, it was -1.67%, up 8.63 percentage points from FY2024.
- Annual Net Margin has increased for four straight years, with a five-year change of +325.58 percentage points (FY2020 to FY2025).
- Across earlier years, Net Margin came in at -10.30% in FY2024 (+8.20 pp), -18.50% in FY2023 (+27.43 pp), -45.93% in FY2022 (+296.21 pp) and -342.13% in FY2021 (-14.88 pp).
- Quarterly Net Margin has ranged from -250.84% in Q4 2021 to 97.35% in Q3 2021 over the past five years.
- On a year-over-year basis, Net Margin rose in six of the last eight quarters, with an average year-over-year change of +6.85 percentage points.
- Peak year-over-year performance for Net Margin in the last five years was a gain of 557.17 percentage points in Q3 2021, against a drop of 237.43 percentage points in Q4 2021 at the low end.
- Per Business Quant, the preceding three quarters came in at -5.06% (Q1 2026), 3.71% (Q4 2025) and -5.45% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Philip Morris International | 302.31 Bn | 283.88 Bn | 7.66 Bn | 25.17% |
| 2 | British American Tobacco p.l.c | 126.84 Bn | 105.99 Bn | - | - |
| 3 | Altria | 114.73 Bn | 100.93 Bn | 3.82 Bn | 37.60% |
| 4 | Curaleaf Holdings | 2.84 Bn | 2.44 Bn | 169.91 Mn | 3.68% |
| 5 | RLX Technology | 2.65 Bn | -916.64 Mn | 52.74 Mn | 21.89% |
| 6 | Trulieve Cannabis | 2.39 Bn | 1.00 Bn | 162.29 Mn | -149.83% |
| 7 | Green Thumb Industries | 1.49 Bn | 344.56 Mn | 137.87 Mn | 1.59% |
| 8 | Cronos | 1.25 Bn | -1.97 Bn | 28.45 Mn | 45.45% |
| 9 | Turning Point Brands | 1.21 Bn | 336.94 Mn | 93.70 Mn | 2.52% |
| 10 | Sndl | 358.17 Mn | -285.95 Mn | 40.74 Mn | -3.32% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -3.32% |
| Mar 31, 2026 | -5.06% |
| Dec 31, 2025 | 3.71% |
| Sep 30, 2025 | -5.45% |
| Jun 30, 2025 | 1.18% |
| Mar 31, 2025 | -7.18% |
| Dec 31, 2024 | -43.58% |
| Sep 30, 2024 | -8.16% |
| Jun 30, 2024 | -2.53% |
| Mar 31, 2024 | -1.29% |
| Dec 31, 2023 | -51.91% |
| Sep 30, 2023 | -9.19% |
| Jun 30, 2023 | -12.66% |
| Mar 31, 2023 | -17.90% |
| Dec 31, 2022 | -50.96% |
| Sep 30, 2022 | -41.72% |
| Jun 30, 2022 | -32.21% |
| Mar 31, 2022 | -188.32% |
| Dec 31, 2021 | -250.84% |
| Sep 30, 2021 | 97.35% |
API Access
Sndl Net 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=net-margin&ticker=SNDL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-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=net-margin&ticker=SNDL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();