Tilray Brands (TLRY) Gross Margin (2017 - 2026)
Tilray Brands (TLRY) reported Gross Margin of 30.14% for fiscal Q1 2027 (quarter ended Aug 31, 2026), up 2.71 percentage points from 27.43% a year earlier but down 1.99 percentage points from the prior quarter.
Tilray Brands (TLRY) Gross Margin (2017 - 2026) Analysis & Trends
Over the twelve months ended Aug 31, 2026, Tilray Brands' Gross Margin came in at 29.12%, up 0.43 percentage points year-over-year; for FY2026 (ended May 31, 2026), it came in at 28.45%, down 0.84 percentage points from FY2025.
- Gross Margin has a five-year change of +4.44 percentage points (FY2021 to FY2026).
- By fiscal year, Gross Margin came in at 29.29% in FY2025 (+0.98 pp), 28.31% in FY2024 (+4.88 pp), 23.43% in FY2023 (+4.84 pp) and 18.59% in FY2022 (-5.42 pp).
- Five-year quarterly Gross Margin spans a low of -8.04% in fiscal Q3 2023 and a high of 36.46% in fiscal Q4 2023.
- Year over year, Gross Margin gained in four of the last eight quarters, with an average year-over-year change of -0.13 percentage points.
- The high point for year-over-year Gross Margin in five years was fiscal Q4 2023 (a gain of 40.86 percentage points); the low point was fiscal Q3 2023 (a drop of 34.26 percentage points).
- Per Business Quant data, the three fiscal quarters before Q1 2027 came in at 32.13% (Q4 2026), 26.58% (Q3 2026) and 26.43% (Q2 2026).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Philip Morris International | 307.33 Bn | 286.97 Bn | 7.66 Bn | 68.43% |
| 2 | British American Tobacco p.l.c | 128.97 Bn | 105.33 Bn | - | - |
| 3 | Altria | 123.30 Bn | 109.46 Bn | 3.82 Bn | 62.51% |
| 4 | Trulieve Cannabis | 2.12 Bn | 741.64 Mn | 162.29 Mn | 59.90% |
| 5 | Curaleaf Holdings | 2.12 Bn | 1.72 Bn | 169.91 Mn | 49.96% |
| 6 | RLX Technology | 2.06 Bn | -1.70 Bn | 52.74 Mn | 35.41% |
| 7 | Green Thumb Industries | 1.43 Bn | 279.53 Mn | 137.87 Mn | 44.96% |
| 8 | Turning Point Brands | 1.28 Bn | 389.03 Mn | 93.70 Mn | 65.55% |
| 9 | Cronos | 1.27 Bn | -2.01 Bn | 28.45 Mn | 40.30% |
| 10 | Tilray Brands | 389.35 Mn | -578.15 Mn | 77.51 Mn | 30.14% |
Historic Data
| Date | Value |
|---|---|
| Aug 31, 2026 | 30.14% |
| May 31, 2026 | 32.13% |
| 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% |
Tilray Brands 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=TLRY&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "ticker": "TLRY", "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=TLRY&period=max&api_key=YOUR_API_KEY");
const data = await res.json();