TerrAscend (TSNDF) Operating Margin (2021 - 2026)
TerrAscend (TSNDF) posted Operating Margin of 18.05% for Q2 2026, up 1.17 percentage points from 16.88% a year earlier and up 0.47 percentage points from the prior quarter.
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Analysis
TerrAscend (TSNDF) Operating Margin (2021 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, Operating Margin at TerrAscend was 16.08%, down 0.07 percentage points year-over-year; for FY2025, it came in at 16.13%, up 1.61 percentage points from FY2024.
- Annual Operating Margin has increased for three consecutive years, with a five-year change of +1.35 percentage points (FY2020 to FY2025).
- In prior years, TerrAscend's Operating Margin was 14.52% in FY2024 (+2.65 pp), 11.87% in FY2023 (+147.41 pp), -135.54% in FY2022 (-147.34 pp) and 11.80% in FY2021 (-2.98 pp).
- The Q2 2026 figure stands as the highest quarterly Operating Margin since Q1 2025.
- On a year-over-year basis, Operating Margin increased in four of the last eight quarters, with an average year-over-year change of -0.34 percentage points.
- The strongest year-over-year quarter for Operating Margin in the past five years was Q3 2023, with a gain of 515.77 percentage points; the weakest was Q3 2022, with a drop of 492.41 percentage points.
- According to Business Quant data, Operating Margin for the three prior quarters was 17.58% (Q1 2026), 11.59% (Q4 2025) and 17.11% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Philip Morris International | 302.14 Bn | 283.71 Bn | 7.66 Bn | 40.48% |
| 2 | British American Tobacco p.l.c | 129.64 Bn | 108.78 Bn | - | - |
| 3 | Altria | 115.45 Bn | 101.65 Bn | 3.82 Bn | 51.32% |
| 4 | Curaleaf Holdings | 2.87 Bn | 2.47 Bn | 169.91 Mn | 1.24% |
| 5 | RLX Technology | 2.63 Bn | -932.13 Mn | 52.74 Mn | 12.90% |
| 6 | Trulieve Cannabis | 2.37 Bn | 989.63 Mn | 162.29 Mn | -136.75% |
| 7 | Green Thumb Industries | 1.53 Bn | 385.54 Mn | 137.87 Mn | 6.51% |
| 8 | Cronos | 1.26 Bn | -1.96 Bn | 28.45 Mn | 10.49% |
| 9 | Turning Point Brands | 1.21 Bn | 343.16 Mn | 93.70 Mn | 11.69% |
| 10 | TerrAscend | 191.69 Mn | 39.35 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% |
API Access
TerrAscend Operating 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=operating-margin&ticker=TSNDF&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-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=operating-margin&ticker=TSNDF&period=max&api_key=YOUR_API_KEY");
const data = await res.json();