TerrAscend (TSNDF) Operating Margin (2021 - 2026)
TerrAscend (TSNDF) posted quarterly Operating Margin of 17.58% for Q1 2026, down 146.0% year-over-year from 38.21% in Q1 2025, and up 51.7% quarter-over-quarter from 11.59% in Q4 2025.
TerrAscend (TSNDF) Operating Margin (2021 - 2026) Analysis & Trends
TerrAscend (TSNDF) has reported Operating Margin for 6 consecutive years, with 17.58% the latest figure, recorded in Q1 2026.
- In Q1 2026, Operating Margin fell 146.0% year-over-year to 17.58%; the TTM figure through Mar 2026 stood at 15.77% (down 11.0% YoY), while the FY2025 annual figure was 16.13%, up 161.0% from the prior year.
- Operating Margin improved to 17.58% in Q1 2026 per TSNDF's latest filing, from 11.59% in the prior quarter.
- Across five years, Operating Margin topped out at 23.86% in Q4 2023 and bottomed at 498.34% in Q3 2022.
- Historically, Operating Margin has averaged 19.06% across 5 years, with a median of 15.83% in 2024.
- Annual changes were most pronounced in 2022 — Operating Margin slumped 49474 bps — and 2023, when it soared 51820 bps.
- TerrAscend's Operating Margin stood at 20.2% in 2022, then grew by 18 bps to 23.86% in 2023, then fell by 26 bps to 17.56% in 2024, then plunged by 34 bps to 11.59% in 2025, then soared by 52 bps to 17.58% in 2026.
- Business Quant data shows TSNDF's Operating Margin at 17.58% in Q1 2026, 11.59% in Q4 2025, and 17.11% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Haleon | 43.83 Bn | 42.86 Bn | - | - |
| 2 | Teva Pharmaceutical Industries | 42.85 Bn | 39.19 Bn | 2.15 Bn | -5.58% |
| 3 | Zoetis | 31.40 Bn | 29.73 Bn | 1.05 Bn | 33.91% |
| 4 | Takeda Pharmaceutical | 28.55 Bn | 22.75 Bn | 5.10 Bn | 16.51% |
| 5 | United Therapeutics | 22.16 Bn | 19.49 Bn | 683.80 Mn | 42.23% |
| 6 | Viatris | 18.71 Bn | 17.83 Bn | 1.46 Bn | 0.17% |
| 7 | Neurocrine Biosciences | 15.42 Bn | 15.03 Bn | 935.80 Mn | 15.80% |
| 8 | Elanco Animal Health | 11.70 Bn | 11.17 Bn | 798.00 Mn | 18.13% |
| 9 | Dr Reddys Laboratories | 10.09 Bn | 9.93 Bn | - | - |
| 10 | TerrAscend | 182.53 Mn | 140.41 Mn | 36.25 Mn | 18.05% |
Historic Data
Download 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 | -498.34% |
| Jun 30, 2022 | -17.99% |
| Mar 31, 2022 | -16.26% |
| Dec 31, 2021 | 33.34% |
| Sep 30, 2021 | -3.60% |