High Tide Inc (HITI) FinancialsHITIHigh Tide Inc

High Tide Inc (HITI) generates its revenue through a diversified portfolio of business segments. Currently, the largest contributor to its top-line growth is Cannabis, accounting for 80.8% of total sales, equivalent to CAD 160.59M. Another important revenue stream is Consumption accessories. Understanding this composition is critical for investors evaluating how HITI navigates market cycles within the Drug Retailers industry.

Evaluating the bottom line, High Tide Inc maintains a gross margin of 23.19%. This metric reflects the company's pricing power and manufacturing efficiency. Further down the income statement, the operating margin stands at 5.32%, while the net margin is 6.41%. These profitability ratios, combined with a Return on Equity (ROE) of -27.04%, provide a clear picture of how effectively HITI converts its operational activities into shareholder value.

In the context of the broader market, HITI competes directly with industry leaders such as ELA and EVGO. With a market capitalization of $242.47M, it holds a significant position in the sector. When comparing efficiency, HITI's gross margin of 23.19% stands against ELA's 22.69% and EVGO's 5.09%. Such benchmarking helps identify whether High Tide Inc is trading at a premium or discount relative to its financial performance.

High Tide has shown substantial revenue growth, with Q3 revenue increasing by 32.8% year-over-year to C$198.82 million. The gross margin for Q3 was 23.19%, reflecting operational efficiency.