Tilray Brands (TLRY) Gross Margin (2017 - 2026)
Tilray Brands (TLRY) reported Gross Margin of 32.13% for fiscal Q4 2026 (quarter ended May 31, 2026), up 2.01 percentage points from 30.12% a year earlier and up 5.55 percentage points from the prior quarter.
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Analysis
Tilray Brands (TLRY) Gross Margin (2017 - 2026) Analysis & Trends
For FY2026 (ended May 31, 2026), Tilray Brands posted Gross Margin of 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).
- The fiscal Q4 2026 figure ranks as the highest quarterly Gross Margin since fiscal Q4 2024.
- Year over year, Gross Margin gained in four of the last eight quarters, with an average year-over-year change of +0.14 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 Q4 2026 came in at 26.58% (Q3 2026), 26.43% (Q2 2026) and 27.43% (Q1 2026).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Philip Morris International | 297.66 Bn | 279.23 Bn | 7.66 Bn | 68.43% |
| 2 | British American Tobacco p.l.c | 125.80 Bn | 104.94 Bn | - | - |
| 3 | Altria | 112.42 Bn | 98.63 Bn | 3.82 Bn | 62.51% |
| 4 | Curaleaf Holdings | 2.73 Bn | 2.33 Bn | 169.91 Mn | 49.96% |
| 5 | RLX Technology | 2.65 Bn | -916.64 Mn | 52.74 Mn | 35.41% |
| 6 | Trulieve Cannabis | 2.10 Bn | 712.57 Mn | 162.29 Mn | 59.90% |
| 7 | Green Thumb Industries | 1.33 Bn | 184.54 Mn | 137.87 Mn | 44.96% |
| 8 | Cronos | 1.22 Bn | -2.00 Bn | 28.45 Mn | 40.30% |
| 9 | Turning Point Brands | 1.18 Bn | 308.67 Mn | 93.70 Mn | 65.55% |
| 10 | Tilray Brands | 493.81 Mn | -536.60 Mn | 90.52 Mn | 32.13% |
Historic Data
Download Data
Historic 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% |
API Access
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();