Tilray Brands (TLRY) Gross Margin (2017 - 2026)
Tilray Brands' (TLRY) quarterly Gross Margin came in at 32.13% in Q2 2026, up 201.0% YoY from 10.68% in Q2 2025, and up 20.88% on a QoQ basis from 26.58% in Q1 2026.
Tilray Brands (TLRY) Gross Margin (2017 - 2026) Analysis & Trends
Tilray Brands (TLRY) has 10 years of Gross Margin data on file, last reported at 32.13% in Q2 2026.
- Quarterly Gross Margin rose 201.0% year-over-year to 32.13% in Q2 2026, while the trailing twelve-month figure through May 2026 was 28.45% (down 84.0% YoY) and the FY2026 annual result came in at 28.45%, down 84.0% from the prior year.
- Gross Margin climbed to 32.13% in Q2 2026, from 26.58% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 36.46% in Q2 2023 to a low of 8.04% in Q1 2023.
- A 5-year average of 25.16% and a median of 27.71% in 2025 frame the typical range for Gross Margin.
- The widest YoY moves for Gross Margin: up 4086 bps in 2023, down 3426 bps in 2023.
- Tracing TLRY's Gross Margin over 5 years: stood at 29.75% in 2022, then slipped by 18 bps to 24.47% in 2023, then advanced by 19 bps to 29.02% in 2024, then slipped by 9 bps to 26.43% in 2025, then gained by 22 bps to 32.13% in 2026.
- The last three Gross Margin figures came in at 32.13% (Q2 2026), 26.58% (Q1 2026), and 26.43% (Q4 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Haleon | 43.98 Bn | 43.02 Bn | - | - |
| 2 | Teva Pharmaceutical Industries | 43.07 Bn | 39.42 Bn | 2.15 Bn | 51.98% |
| 3 | Zoetis | 31.53 Bn | 29.85 Bn | 1.05 Bn | 42.63% |
| 4 | Takeda Pharmaceutical | 28.60 Bn | 22.80 Bn | 5.10 Bn | 66.66% |
| 5 | United Therapeutics | 22.13 Bn | 19.47 Bn | 683.80 Mn | 87.30% |
| 6 | Viatris | 18.75 Bn | 17.86 Bn | 1.46 Bn | 38.77% |
| 7 | Neurocrine Biosciences | 15.53 Bn | 15.14 Bn | 935.80 Mn | 97.58% |
| 8 | Elanco Animal Health | 11.69 Bn | 11.16 Bn | 798.00 Mn | 58.33% |
| 9 | Dr Reddys Laboratories | 10.13 Bn | 9.97 Bn | - | - |
| 10 | Tilray Brands | 513.20 Mn | 278.57 Mn | 90.52 Mn | 32.13% |
Historic Data
Download Data| Date | Value |
|---|---|
| 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% |
| Aug 31, 2021 | 30.33% |