TerrAscend (TSNDF) Gross Margin (2021 - 2026)
TerrAscend's Gross Margin was 54.01% in Q2 2026, up 2.88 percentage points from 51.13% a year earlier and up 1.21 percentage points from the prior quarter.
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Analysis
TerrAscend (TSNDF) Gross Margin (2021 - 2026) Analysis & Trends
On a trailing twelve-month basis, TerrAscend's Gross Margin was 52.77% through Jun 30, 2026, up 0.55 percentage points year-over-year; for FY2025, it was 52.32%, up 1.64 percentage points from FY2024.
- Gross Margin shows a five-year change of -9.28 percentage points (FY2020 to FY2025).
- In earlier years, Gross Margin was 50.68% in FY2024 (-4.41 pp), 55.09% in FY2023 (+14.14 pp), 40.96% in FY2022 (-16.97 pp) and 57.93% in FY2021 (-3.67 pp).
- The Q2 2026 figure marks the highest quarterly Gross Margin since Q4 2023.
- Compared with a year earlier, Gross Margin was higher in four of the last eight quarters, with an average year-over-year change of -5.24 percentage points.
- The best year-over-year quarter for Gross Margin over five years was Q4 2023 (a gain of 56.41 percentage points); the worst was Q4 2024 (a drop of 48.85 percentage points).
- Per Business Quant data, TSNDF's Gross Margin in the three quarters before Q2 2026 was 52.80% (Q1 2026), 52.13% (Q4 2025) and 52.11% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Philip Morris International | 302.14 Bn | 283.71 Bn | 7.66 Bn | 68.43% |
| 2 | British American Tobacco p.l.c | 129.64 Bn | 108.78 Bn | - | - |
| 3 | Altria | 115.45 Bn | 101.65 Bn | 3.82 Bn | 62.51% |
| 4 | Curaleaf Holdings | 2.87 Bn | 2.47 Bn | 169.91 Mn | 49.96% |
| 5 | RLX Technology | 2.63 Bn | -932.13 Mn | 52.74 Mn | 35.41% |
| 6 | Trulieve Cannabis | 2.37 Bn | 989.63 Mn | 162.29 Mn | 59.90% |
| 7 | Green Thumb Industries | 1.53 Bn | 385.54 Mn | 137.87 Mn | 44.96% |
| 8 | Cronos | 1.26 Bn | -1.96 Bn | 28.45 Mn | 40.30% |
| 9 | Turning Point Brands | 1.21 Bn | 343.16 Mn | 93.70 Mn | 65.55% |
| 10 | TerrAscend | 191.69 Mn | 39.35 Mn | 36.25 Mn | 54.01% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 54.01% |
| Mar 31, 2026 | 52.80% |
| Dec 31, 2025 | 52.13% |
| Sep 30, 2025 | 52.11% |
| Jun 30, 2025 | 51.13% |
| Mar 31, 2025 | 53.93% |
| Dec 31, 2024 | 52.87% |
| Sep 30, 2024 | 50.97% |
| Jun 30, 2024 | 49.64% |
| Mar 31, 2024 | 48.03% |
| Dec 31, 2023 | 101.72% |
| Sep 30, 2023 | 53.57% |
| Jun 30, 2023 | 50.23% |
| Mar 31, 2023 | 48.85% |
| Dec 31, 2022 | 45.30% |
| Sep 30, 2022 | 46.77% |
| Jun 30, 2022 | 37.29% |
| Mar 31, 2022 | 31.85% |
| Dec 31, 2021 | 84.24% |
| Sep 30, 2021 | 42.54% |
API Access
TerrAscend 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=TSNDF&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "ticker": "TSNDF", "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=TSNDF&period=max&api_key=YOUR_API_KEY");
const data = await res.json();