TerrAscend (TSNDF) Net Margin (2021 - 2026)
TerrAscend (TSNDF) posted quarterly Net Margin of 1.79% for Q1 2026, up 537.0% year-over-year from 0.28% in Q1 2025, and down 128.85% quarter-over-quarter from 6.21% in Q4 2025.
TerrAscend (TSNDF) Net Margin (2021 - 2026) Analysis & Trends
TerrAscend (TSNDF) has reported Net Margin for 6 consecutive years, with 1.79% the latest figure, recorded in Q1 2026.
- In Q1 2026, Net Margin rose 537.0% year-over-year to 1.79%; the TTM figure through Mar 2026 stood at 20.4% (down 112.0% YoY), while the FY2025 annual figure was 21.82%, down 250.0% from the prior year.
- Net Margin retreated to 1.79% in Q1 2026 per TSNDF's latest filing, from 6.21% in the prior quarter.
- Across five years, Net Margin topped out at 6.21% in Q4 2025 and bottomed at 276.8% in Q4 2023.
- Historically, Net Margin has averaged 29.44% across 5 years, with a median of 7.16% in 2025.
- Annual changes were most pronounced in 2023 — Net Margin plunged 26125 bps — and 2024, when it soared 21571 bps.
- TerrAscend's Net Margin stood at 15.55% in 2022, then slumped by 1680 bps to 276.8% in 2023, then jumped by 78 bps to 61.08% in 2024, then jumped by 110 bps to 6.21% in 2025, then sank by 129 bps to 1.79% in 2026.
- Business Quant data shows TSNDF's Net Margin at 1.79% in Q1 2026, 6.21% in Q4 2025, and 22.5% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Haleon | 43.83 Bn | 42.86 Bn | - | - |
| 2 | Teva Pharmaceutical Industries | 42.87 Bn | 39.22 Bn | 2.15 Bn | -13.91% |
| 3 | Zoetis | 31.41 Bn | 29.73 Bn | 1.05 Bn | 35.09% |
| 4 | Takeda Pharmaceutical | 28.55 Bn | 22.75 Bn | 5.10 Bn | 9.28% |
| 5 | United Therapeutics | 22.08 Bn | 19.42 Bn | 683.80 Mn | 42.51% |
| 6 | Viatris | 18.73 Bn | 17.84 Bn | 1.46 Bn | -3.16% |
| 7 | Neurocrine Biosciences | 15.44 Bn | 15.05 Bn | 935.80 Mn | 15.06% |
| 8 | Elanco Animal Health | 11.75 Bn | 11.22 Bn | 798.00 Mn | 3.95% |
| 9 | Dr Reddys Laboratories | 10.11 Bn | 9.94 Bn | - | - |
| 10 | TerrAscend | 182.53 Mn | 140.41 Mn | 36.25 Mn | -12.00% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 2.99% |
| Mar 31, 2026 | -1.79% |
| Dec 31, 2025 | 6.21% |
| Sep 30, 2025 | -22.50% |
| Jun 30, 2025 | -64.15% |
| Mar 31, 2025 | -7.16% |
| Dec 31, 2024 | -61.08% |
| Sep 30, 2024 | -8.57% |
| Jun 30, 2024 | 0.07% |
| Mar 31, 2024 | -18.42% |
| Dec 31, 2023 | -276.80% |
| Sep 30, 2023 | -0.26% |
| Jun 30, 2023 | -0.86% |
| Mar 31, 2023 | -5.17% |
| Dec 31, 2022 | -15.55% |
| Sep 30, 2022 | -15.74% |
| Jun 30, 2022 | -4.20% |
| Mar 31, 2022 | -4.60% |
| Dec 31, 2021 | 9.31% |
| Sep 30, 2021 | 113.63% |