TerrAscend (TSNDF) Net Margin (2021 - 2026)
TerrAscend (TSNDF) reported Net Margin of -12.00% for Q2 2026, up 62.00 percentage points from -74.00% a year earlier and up 0.21 percentage points from the prior quarter.
Powered by 
Analysis
TerrAscend (TSNDF) Net Margin (2021 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, TerrAscend's Net Margin came in at -14.03%, up 28.88 percentage points year-over-year; for FY2025, it came in at -31.21%, down 4.11 percentage points from FY2024.
- Net Margin has a five-year change of +71.04 percentage points (FY2020 to FY2025).
- By year, Net Margin came in at -27.11% in FY2024 (+7.51 pp), -34.62% in FY2023 (+96.66 pp), -131.28% in FY2022 (-134.44 pp) and 3.16% in FY2021 (+105.41 pp).
- Five-year quarterly Net Margin spans a low of -467.18% in Q3 2022 and a high of 107.70% in Q3 2021.
- Year over year, Net Margin has now increased in each of the last three quarters, with an average year-over-year change of +24.08 percentage points over the last eight quarters.
- The high point for year-over-year Net Margin in five years was Q3 2023 (a gain of 457.46 percentage points); the low point was Q3 2022 (a drop of 574.88 percentage points).
- Per Business Quant data, the three quarters before Q2 2026 came in at -12.21% (Q1 2026), 5.44% (Q4 2025) and -37.72% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Philip Morris International | 302.14 Bn | 283.71 Bn | 7.66 Bn | 25.17% |
| 2 | British American Tobacco p.l.c | 129.64 Bn | 108.78 Bn | - | - |
| 3 | Altria | 115.45 Bn | 101.65 Bn | 3.82 Bn | 37.60% |
| 4 | Curaleaf Holdings | 2.87 Bn | 2.47 Bn | 169.91 Mn | 3.68% |
| 5 | RLX Technology | 2.63 Bn | -932.13 Mn | 52.74 Mn | 21.89% |
| 6 | Trulieve Cannabis | 2.37 Bn | 989.63 Mn | 162.29 Mn | -149.83% |
| 7 | Green Thumb Industries | 1.53 Bn | 385.54 Mn | 137.87 Mn | 1.59% |
| 8 | Cronos | 1.26 Bn | -1.96 Bn | 28.45 Mn | 45.45% |
| 9 | Turning Point Brands | 1.21 Bn | 343.16 Mn | 93.70 Mn | 2.52% |
| 10 | TerrAscend | 191.69 Mn | 39.35 Mn | 36.25 Mn | -12.00% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -12.00% |
| Mar 31, 2026 | -12.21% |
| Dec 31, 2025 | 5.44% |
| Sep 30, 2025 | -37.72% |
| Jun 30, 2025 | -74.00% |
| Mar 31, 2025 | -19.08% |
| Dec 31, 2024 | -45.39% |
| Sep 30, 2024 | -32.87% |
| Jun 30, 2024 | -9.28% |
| Mar 31, 2024 | -18.42% |
| Dec 31, 2023 | -211.75% |
| Sep 30, 2023 | -9.72% |
| Jun 30, 2023 | -18.68% |
| Mar 31, 2023 | -32.81% |
| Dec 31, 2022 | -18.42% |
| Sep 30, 2022 | -467.18% |
| Jun 30, 2022 | 22.05% |
| Mar 31, 2022 | -32.63% |
| Dec 31, 2021 | -13.73% |
| Sep 30, 2021 | 107.70% |
API Access
TerrAscend Net 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=net-margin&ticker=TSNDF&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-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=net-margin&ticker=TSNDF&period=max&api_key=YOUR_API_KEY");
const data = await res.json();