TerrAscend (TSNDF) Operating Margin (2021 - 2026)
TerrAscend's (TSNDF) quarterly Operating Margin came in at 18.05% in Q2 2026, up 117.0% year-over-year from 8.32% in Q2 2025, and up 2.66% quarter-over-quarter from 17.58% in Q1 2026.
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TerrAscend (TSNDF) Operating Margin (2021 - 2026) Analysis & Trends
TerrAscend (TSNDF) has reported Operating Margin for 6 consecutive years, with 18.05% the latest figure, recorded in Q2 2026.
- On a quarterly basis, Operating Margin rose 117.0% year-over-year to 18.05% in Q2 2026; TTM through Jun 2026 was 16.08%, a 7.0% decrease from a year earlier, with the FY2025 full-year figure at 16.13%, up 161.0% from the prior year.
- Operating Margin was 18.05% for Q2 2026 at TerrAscend, up from 17.58% in the prior quarter.
- Over five years, Operating Margin peaked at 23.86% in Q4 2023 and troughed at 495.91% in Q3 2022.
- A 5-year average of 16.87% and a median of 16.35% in 2024 frame the typical range for Operating Margin.
- Across the five-year window, Operating Margin plunged 49241 bps in 2022 and surged 51577 bps in 2023, its largest moves.
- Over 5 years, Operating Margin stood at 20.2% in 2022, then advanced by 18 bps to 23.86% in 2023, then dropped by 26 bps to 17.56% in 2024, then plunged by 34 bps to 11.59% in 2025, then jumped by 56 bps to 18.05% in 2026.
- The last three Operating Margin figures came in at 18.05% (Q2 2026), 17.58% (Q1 2026), and 11.59% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Curaleaf Holdings | 2.66 Bn | 2.56 Bn | 169.91 Mn | 1.24% |
| 2 | Trulieve Cannabis | 2.27 Bn | 1.94 Bn | 162.29 Mn | -136.75% |
| 3 | Green Thumb Industries | 1.71 Bn | 1.42 Bn | 137.87 Mn | 6.51% |
| 4 | Cronos | 1.18 Bn | 379.85 Mn | 28.45 Mn | 10.49% |
| 5 | Glass House Brands | 666.14 Mn | 647.59 Mn | 15.77 Mn | -6.37% |
| 6 | Vireo Growth | 545.10 Mn | 402.80 Mn | 95.30 Mn | -3.01% |
| 7 | Tilray Brands | 470.81 Mn | 236.18 Mn | 90.52 Mn | -5.84% |
| 8 | Verano Holdings | 434.44 Mn | 349.24 Mn | 99.70 Mn | 1.44% |
| 9 | Canopy Growth | 406.26 Mn | 159.25 Mn | 16.08 Mn | -22.03% |
| 10 | TerrAscend | 201.74 Mn | 159.62 Mn | 36.25 Mn | 18.05% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 18.05% |
| Mar 31, 2026 | 17.58% |
| Dec 31, 2025 | 11.59% |
| Sep 30, 2025 | 17.11% |
| Jun 30, 2025 | 16.88% |
| Mar 31, 2025 | 19.04% |
| Dec 31, 2024 | 17.56% |
| Sep 30, 2024 | 11.13% |
| Jun 30, 2024 | 15.83% |
| Mar 31, 2024 | 7.53% |
| Dec 31, 2023 | 23.86% |
| Sep 30, 2023 | 19.86% |
| Jun 30, 2023 | 4.85% |
| Mar 31, 2023 | 5.48% |
| Dec 31, 2022 | 20.20% |
| Sep 30, 2022 | -495.91% |
| Jun 30, 2022 | -17.99% |
| Mar 31, 2022 | -16.26% |
| Dec 31, 2021 | 33.34% |
| Sep 30, 2021 | -3.50% |