TerrAscend reported a gross margin of 54.01% and a net margin of -12.00% for the quarter ended Jun 2026. These financial ratios cover 23 quarters of results from Dec 2020 through Jun 2026, standardized by Business Quant from the company’s SEC filings.
| Ratios | Dec2020 | Mar2021 | Jun2021 | Sep2021 | Dec2021 | Mar2022 | Jun2022 | Sep2022 | Dec2022 | Mar2023 | Jun2023 | Sep2023 | Dec2023 | Mar2024 | Jun2024 | Sep2024 | Dec2024 | Mar2025 | Jun2025 | Sep2025 | Dec2025 | Mar2026 | Jun2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | |||||||||||||||||||||||
| Gross Margin | 42.54% | 84.24% | 31.85% | 37.29% | 46.77% | 45.30% | 48.85% | 50.23% | 53.57% | 101.72% | 48.03% | 49.64% | 50.97% | 52.87% | 53.93% | 51.13% | 52.11% | 52.13% | 52.80% | 54.01% | |||
| EBT Margin | 120.38% | 44.03% | -20.40% | 33.55% | -502.64% | 18.93% | -9.39% | -8.88% | 5.72% | 18.11% | -6.42% | 4.23% | -3.93% | 8.29% | 4.42% | 4.91% | 1.73% | -3.30% | 5.22% | 2.28% | |||
| EBIT Margin | -3.50% | 33.34% | -16.26% | -17.99% | -495.91% | 20.20% | 5.48% | 4.85% | 19.86% | 23.86% | 7.53% | 15.83% | 11.13% | 17.56% | 19.04% | 16.88% | 17.11% | 11.59% | 17.58% | 18.05% | |||
| EBITDA Margin | 0.74% | 34.22% | -11.79% | -13.28% | -491.84% | 23.75% | 10.18% | 9.56% | 22.64% | 18.61% | 11.29% | 19.13% | 14.55% | 21.03% | 22.78% | 20.32% | 20.50% | 15.07% | 21.19% | 21.53% | |||
| Operating Margin | -3.50% | 33.34% | -16.26% | -17.99% | -495.91% | 20.20% | 5.48% | 4.85% | 19.86% | 23.86% | 7.53% | 15.83% | 11.13% | 17.56% | 19.04% | 16.88% | 17.11% | 11.59% | 17.58% | 18.05% | |||
| Net Margin | 110.48% | 9.31% | -32.63% | 22.05% | -467.18% | 61.54% | -32.81% | -18.68% | -9.72% | -263.68% | -18.42% | -9.28% | -32.87% | -45.39% | -19.08% | -74.00% | -37.72% | 4.64% | -12.21% | -12.00% | |||
| FCF Margin | -66.85% | -67.19% | -46.19% | -38.64% | -15.38% | -11.83% | 11.47% | -0.25% | 8.64% | 159.66% | 12.97% | 27.93% | 9.35% | 6.08% | 13.72% | 7.71% | 7.48% | 9.99% | 11.88% | 8.56% | |||
| Efficiency | |||||||||||||||||||||||
| Inventory AverageInventory Avg. | 50.08M | 59.21M | 51.88M | 47.86M | 48.57M | 52.41M | 55.71M | 54.54M | 50.44M | 50.10M | 51.22M | 45.55M | 43.31M | 41.18M | 34.68M | 34.00M | 35.14M | 37.71M | |||||
| Assets AverageAssets Avg. | 809.17M | 1,022.51M | 867.05M | 713.54M | 701.58M | 711.66M | 728.21M | 700.59M | 661.03M | 657.89M | 658.59M | 632.08M | 603.98M | 586.37M | 563.63M | 556.32M | 553.24M | 551.40M | |||||
| Invested CapitalInvested Cap. | 418.42M | 830.01M | 878.47M | 601.75M | 515.36M | 548.26M | 522.19M | 510.27M | 440.11M | 433.31M | 420.26M | 398.15M | 367.13M | 355.58M | 327.90M | 318.64M | 314.19M | 306.28M | 281.32M | ||||
| Asset Utilization RatioAsset Util. | 0.23 | 0.18 | 0.24 | 0.35 | 0.38 | 0.39 | 0.41 | 0.36 | 0.40 | 0.39 | 0.35 | 0.44 | 0.44 | 0.44 | 0.46 | 0.47 | 0.47 | 0.48 | |||||
| Leverage & Solvency | |||||||||||||||||||||||
| Interest Coverage RatioInterest Cover | 0.86 | 1.52 | 1.05 | 1.67 | 1.83 | 1.58 | 1.50 | 0.99 | 1.55 | 1.68 | |||||||||||||
| Debt Ratio | 0.33 | 0.29 | 0.30 | 0.45 | 0.28 | 0.35 | 0.32 | 0.31 | 0.30 | 0.31 | 0.29 | 0.29 | 0.31 | 0.32 | 0.37 | 0.40 | 0.39 | 0.39 | 0.36 | ||||
| Times Interest Earned | 0.86 | 1.52 | 1.05 | 1.67 | 1.83 | 1.58 | 1.50 | 0.99 | 1.55 | 1.68 | |||||||||||||
| Dividends & Payouts | |||||||||||||||||||||||
| Dividend Coverage RatioDiv. Cover | 406.16 | -2.44 | 7.47 | ||||||||||||||||||||
| FCF Payout RatioFCF Cover | -0.01 | 0.46 | -0.22 | ||||||||||||||||||||
| Dividend YieldDiv. Yield | 0.04% | 0.60% | -1.48% | ||||||||||||||||||||
| Payout Ratio | 0.00 | -0.41 | 0.13 | ||||||||||||||||||||
| Valuation | |||||||||||||||||||||||
| Price to EarningsP/E | 23.26 | 497.27 | -89.73 | 40.68 | -1.06 | 7.01 | -18.34 | -38.52 | -67.92 | -9.03 | -36.99 | -63.10 | -17.61 | -6.32 | -11.45 | -1.78 | -10.25 | 72.45 | -24.66 | -26.10 | |||
| Price to SalesP/S | 25.69 | 46.29 | 29.28 | 8.97 | 4.96 | 4.32 | 6.02 | 7.20 | 6.60 | 23.80 | 6.81 | 5.86 | 5.79 | 2.87 | 2.18 | 1.32 | 3.87 | 3.36 | 3.01 | 3.13 | |||
| Price to BookP/B | 6.10 | 5.10 | 2.73 | 0.99 | 1.18 | 0.91 | 1.39 | 1.77 | 2.07 | 1.95 | 2.37 | 1.74 | 1.82 | 1.08 | 0.85 | 0.72 | 2.64 | 2.24 | 2.17 | 2.50 | |||
| Enterprise Value | 1,298.45M | 1,092.31M | 1,349.20M | 529.89M | 297.38M | 266.00M | 385.19M | 490.24M | 562.15M | 444.06M | 526.13M | 365.90M | 349.86M | 162.35M | 110.66M | 58.50M | 215.82M | 185.90M | 161.04M | 172.55M | |||
| EV to EBIT | -733.59 | 130.01 | -169.18 | -45.86 | -0.90 | 19.37 | 101.21 | 140.15 | 31.72 | 94.26 | 86.68 | 34.40 | 48.23 | 13.91 | 9.04 | 5.33 | 19.37 | 24.25 | 13.98 | 14.24 | |||
| EV to EBITDA | 0.00M | 126.66 | -233.26 | -62.14 | -0.91 | 16.48 | 54.54 | 71.12 | 27.83 | 120.83 | 57.77 | 28.47 | 36.91 | 11.62 | 7.55 | 4.43 | 16.17 | 18.65 | 11.60 | 11.94 | |||
| Market Capitalization | 1,298.45M | 1,166.59M | 1,436.24M | 576.17M | 330.06M | 293.38M | 417.47M | 519.12M | 588.90M | 469.97M | 549.27M | 393.54M | 377.19M | 190.60M | 140.47M | 85.71M | 251.71M | 222.14M | 197.39M | 210.24M | |||
| Price to FCFP/FCF | -38.43 | -68.90 | -63.38 | -23.22 | -32.25 | -36.48 | 52.47 | -0.00M | 76.40 | 14.91 | 52.54 | 20.97 | 61.93 | 47.21 | 15.93 | 17.11 | 51.67 | 33.60 | 25.35 | 36.59 | |||
| EV to FCF | -38.43 | -64.51 | -59.54 | -21.35 | -29.06 | -33.07 | 48.41 | -0.00M | 72.93 | 14.08 | 50.32 | 19.50 | 57.44 | 40.22 | 12.55 | 11.68 | 44.30 | 28.12 | 20.68 | 30.03 | |||
| EV to CFO | -72.39 | -287.22 | -71.59 | -32.85 | 192.48 | 36.40 | 36.85 | 267.89 | 59.63 | 14.72 | 39.70 | 18.24 | 57.28 | 23.90 | 9.90 | 8.01 | 30.31 | 22.33 | 18.61 | 23.36 | |||
| Return Ratios | |||||||||||||||||||||||
| Return on Sales [ROS]ROS | -3.50% | 33.34% | -16.26% | -17.99% | -495.91% | 20.20% | 5.48% | 4.85% | 19.86% | 23.86% | 7.53% | 15.83% | 11.13% | 17.56% | 19.04% | 16.88% | 17.11% | 11.59% | 17.58% | 18.05% | |||
| Return on Capital Employed [ROCE]ROCE | 1.65% | -1.46% | -49.12% | -58.36% | -59.42% | -53.46% | 6.66% | 6.02% | 6.93% | 6.74% | 4.94% | 6.59% | 7.94% | 8.52% | 9.44% | 8.82% | 8.51% | 8.67% | |||||
| Return on Invested Capital [ROIC]ROIC | 0.66% | -1.11% | -43.62% | -47.51% | -49.78% | -48.35% | 17.73% | 55.89% | 84.58% | -39.03% | 181.68% | -407.91% | -25.96% | -26.75% | -15.23% | -66.78% | -57.96% | -103.35% | |||||
| Return on Assets [ROA]ROA | 1.55% | 5.51% | -35.81% | -37.98% | -39.59% | -42.91% | -0.42% | -13.84% | -13.47% | -12.44% | -14.36% | -11.50% | -11.60% | -19.09% | -20.42% | -14.72% | -14.03% | -6.81% |