TerrAscend (TSNDF) Gross Margin (2021 - 2026)
TerrAscend (TSNDF) posted quarterly Gross Margin of 52.8% for Q1 2026, down 114.0% year-over-year from 377.11% in Q1 2025, and up 1.28% quarter-over-quarter from 52.13% in Q4 2025.
TerrAscend (TSNDF) Gross Margin (2021 - 2026) Analysis & Trends
TerrAscend (TSNDF) has reported Gross Margin for 6 consecutive years, with 52.8% the latest figure, recorded in Q1 2026.
- In Q1 2026, Gross Margin fell 114.0% year-over-year to 52.8%; the TTM figure through Mar 2026 stood at 52.04% (up 21.0% YoY), while the FY2025 annual figure was 52.32%, up 164.0% from the prior year.
- Gross Margin improved to 52.8% in Q1 2026 per TSNDF's latest filing, from 52.13% in the prior quarter.
- Across five years, Gross Margin topped out at 101.72% in Q4 2023 and bottomed at 31.85% in Q1 2022.
- Historically, Gross Margin has averaged 51.73% across 5 years, with a median of 50.97% in 2024.
- Annual changes were most pronounced in 2023 — Gross Margin soared 5641 bps — and 2024, when it slumped 4885 bps.
- TerrAscend's Gross Margin stood at 45.3% in 2022, then surged by 125 bps to 101.72% in 2023, then plunged by 48 bps to 52.87% in 2024, then dropped by 1 bps to 52.13% in 2025, then gained by 1 bps to 52.8% in 2026.
- Business Quant data shows TSNDF's Gross Margin at 52.8% in Q1 2026, 52.13% in Q4 2025, and 52.11% in Q3 2025.
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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 | TerrAscend | 187.35 Mn | 145.23 Mn | 36.25 Mn | 54.01% |
Historic Data
Download 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 | 47.00% |
| Jun 30, 2022 | 37.29% |
| Mar 31, 2022 | 31.85% |
| Dec 31, 2021 | 84.24% |
| Sep 30, 2021 | 43.75% |