Tilray Brands (TLRY) Gross Margin (2017 - 2026)
Tilray Brands (TLRY) posted Gross Margin of 26.58% for Q1 2026, up 0.56% on a QoQ basis from 26.43% in Q4 2025, and down 141.0% year-over-year from 64.83% in Q1 2025.
Tilray Brands (TLRY) Gross Margin (2017 - 2026) Analysis & Trends
Tilray Brands' Gross Margin history runs 10 years deep, the most recent figure standing at 26.58% for Q1 2026.
- Quarterly Gross Margin fell 141.0% year-over-year to 26.58% in Q1 2026, while the trailing twelve-month figure through Feb 2026 was 27.68% (down 320.0% YoY) and the FY2025 annual result came in at 29.29%, up 98.0% from the prior year.
- Gross Margin was 26.58% for Q1 2026 at Tilray Brands, up from 26.43% in the prior quarter.
- Across five years, Gross Margin topped out at 36.46% in Q2 2023 and bottomed at 8.04% in Q1 2023.
- A 5-year average of 24.75% and a median of 27.43% in 2025 frame the typical range for Gross Margin.
- Peak annual rise in Gross Margin reached 4086 bps in 2023, while the deepest fall reached 3426 bps in 2023.
- Tilray Brands' Gross Margin stood at 29.75% in 2022, then declined by 18 bps to 24.47% in 2023, then grew by 19 bps to 29.02% in 2024, then declined by 9 bps to 26.43% in 2025, then rose by 1 bps to 26.58% in 2026.
- Business Quant data shows TLRY's Gross Margin at 26.58% in Q1 2026, 26.43% in Q4 2025, and 27.43% in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Haleon | 87.22 Bn | 85.35 Bn | - | - |
| 2 | Teva Pharmaceutical Industries | 39.60 Bn | 35.87 Bn | 1.97 Bn | 49.52% |
| 3 | Zoetis | 31.46 Bn | 29.52 Bn | 1.62 Bn | 71.66% |
| 4 | Takeda Pharmaceutical | 26.49 Bn | 22.44 Bn | 4.39 Bn | 62.93% |
| 5 | United Therapeutics | 23.03 Bn | 20.88 Bn | 648.10 Mn | 82.93% |
| 6 | Universe Pharmaceuticals | 23.03 Bn | -10.56 Bn | - | - |
| 7 | Viatris | 20.90 Bn | 19.09 Bn | 1.16 Bn | 32.97% |
| 8 | Neurocrine Biosciences | 17.50 Bn | 16.19 Bn | 800.70 Mn | 98.31% |
| 9 | Elanco Animal Health | 12.33 Bn | 11.91 Bn | 785.00 Mn | 57.26% |
| 10 | Tilray Brands | 465.02 Mn | 373.06 Mn | 54.95 Mn | 26.58% |
Historic Data
Download Data| Date | Value |
|---|---|
| Feb 28, 2026 | 26.58% |
| Nov 30, 2025 | 26.43% |
| Aug 31, 2025 | 27.43% |
| May 31, 2025 | 30.12% |
| Feb 28, 2025 | 28.00% |
| Nov 30, 2024 | 29.02% |
| Aug 31, 2024 | 29.85% |
| May 31, 2024 | 35.82% |
| Feb 29, 2024 | 26.23% |
| Nov 30, 2023 | 24.47% |
| Aug 31, 2023 | 24.98% |
| May 31, 2023 | 36.46% |
| Feb 28, 2023 | -8.04% |
| Nov 30, 2022 | 29.75% |
| Aug 31, 2022 | 31.73% |
| May 31, 2022 | -4.39% |
| Feb 28, 2022 | 26.23% |
| Nov 30, 2021 | 21.12% |
| Aug 31, 2021 | 30.33% |
| May 31, 2021 | 15.82% |