Village Farms International (VFF) Gross Margin (2019 - 2026)
Village Farms International's Gross Margin was 46.85% in Q2 2026, up 9.55 percentage points from 37.30% a year earlier and up 5.08 percentage points from the prior quarter.
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Analysis
Village Farms International (VFF) Gross Margin (2019 - 2026) Analysis & Trends
On a trailing twelve-month basis, Village Farms International's Gross Margin was 44.29% through Jun 30, 2026, up 15.54 percentage points year-over-year; for FY2025, it came in at 40.61%, up 17.23 percentage points from FY2024.
- Gross Margin shows a five-year change of +34.16 percentage points (FY2020 to FY2025).
- In earlier years, Gross Margin was 23.38% in FY2024 (-6.02 pp), 29.40% in FY2023 (+20.03 pp), 9.37% in FY2022 (-7.49 pp) and 16.86% in FY2021 (+10.41 pp).
- Quarterly Gross Margin has moved between 4.17% (Q4 2022) and 47.85% (Q3 2025) over five years.
- Compared with a year earlier, Gross Margin has increased for six straight quarters, with an average year-over-year change of +13.25 percentage points over the last seven quarters.
- The best year-over-year quarter for Gross Margin over five years was Q4 2021 (a gain of 25.06 percentage points); the worst was Q4 2022 (a drop of 23.10 percentage points).
- Per Business Quant data, VFF's Gross Margin in the three quarters before Q2 2026 was 41.77% (Q1 2026), 38.74% (Q4 2025) and 47.85% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Philip Morris International | 302.31 Bn | 283.88 Bn | 7.66 Bn | 68.43% |
| 2 | British American Tobacco p.l.c | 126.84 Bn | 105.99 Bn | - | - |
| 3 | Altria | 114.73 Bn | 100.93 Bn | 3.82 Bn | 62.51% |
| 4 | Curaleaf Holdings | 2.84 Bn | 2.44 Bn | 169.91 Mn | 49.96% |
| 5 | RLX Technology | 2.65 Bn | -916.64 Mn | 52.74 Mn | 35.41% |
| 6 | Trulieve Cannabis | 2.39 Bn | 1.00 Bn | 162.29 Mn | 59.90% |
| 7 | Green Thumb Industries | 1.49 Bn | 344.56 Mn | 137.87 Mn | 44.96% |
| 8 | Cronos | 1.25 Bn | -1.97 Bn | 28.45 Mn | 40.30% |
| 9 | Turning Point Brands | 1.21 Bn | 336.94 Mn | 93.70 Mn | 65.55% |
| 10 | Village Farms International | 377.72 Mn | 97.02 Mn | 29.97 Mn | 46.85% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 46.85% |
| Mar 31, 2026 | 41.77% |
| Dec 31, 2025 | 38.74% |
| Sep 30, 2025 | 47.85% |
| Jun 30, 2025 | 37.30% |
| Mar 31, 2025 | 35.73% |
| Dec 31, 2024 | 16.11% |
| Sep 30, 2024 | 24.82% |
| Jun 30, 2024 | 25.44% |
| Mar 31, 2024 | 19.87% |
| Sep 30, 2023 | 21.03% |
| Jun 30, 2023 | 14.89% |
| Mar 31, 2023 | 19.02% |
| Dec 31, 2022 | 4.17% |
| Sep 30, 2022 | 11.79% |
| Jun 30, 2022 | 7.63% |
| Mar 31, 2022 | 14.12% |
| Dec 31, 2021 | 27.27% |
| Sep 30, 2021 | 24.50% |
| Jun 30, 2021 | 7.48% |
API Access
Village Farms International Gross 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=gross-margin&ticker=VFF&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "ticker": "VFF", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=gross-margin&ticker=VFF&period=max&api_key=YOUR_API_KEY");
const data = await res.json();