Last 43 quarters of trend data · Healthcare · Drug Manufacturers - Specialty & Generic
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
| Metric | TTM | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | -0.14 | — | — | — | — | — | — | — | — | — | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — | |
| P/S Ratio | 0.49 | 0.07 | 0.13 | 0.03 | 0.06 | 0.10 | 0.14 | 0.11 | 0.13 | 0.13 | 0.21 | 0.13 | 0.22 |
| — | -24.8% | -8.4% | -70.4% | -51.3% | -22.1% | -35.0% | -15.2% | -41.9% | -54.8% | -21.4% | -54.5% | -43.0% | |
| P/B Ratio | 0.21 | 0.04 | 0.07 | 0.02 | 0.02 | 0.02 | 0.03 | 0.03 | 0.03 | 0.03 | 0.04 | 0.03 | 0.04 |
| — | +73.1% | +119.9% | -33.1% | -40.5% | -16.6% | -28.3% | +2.4% | -23.5% | -19.7% | +21.7% | -27.1% | -25.2% | |
| P/FCF | — | — | — | — | — | — | — | 1.21 | — | — | — | 0.81 | — |
| — | — | — | — | — | — | — | +49.1% | — | — | — | — | — | |
| EV / EBITDA | — | — | 2.34 | — | — | — | — | 4.34 | — | — | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — | |
| EV / EBIT | — | — | 6.98 | — | — | — | — | — | — | — | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
Tilray Brands, Inc.'s operating margin was -10.2% in Q2 2026, down 11.2 pp QoQ and up 9.8 pp YoY. The trailing four-quarter average of -265.3% lags the current quarter, suggesting the recent improvement is above-trend. Gross margin contracted 8.9% YoY, suggesting cost inflation or competitive pricing pressure.
| Metric | TTM | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 29.3% | 26.4% | 27.4% | 30.1% | 28.0% | 29.0% | 29.8% | 35.8% | 26.2% | 24.5% | 25.0% | 36.5% | -8.0% |
| — | -8.9% | -8.1% | -15.9% | +6.7% | +18.6% | +19.5% | -1.8% | +426.4% | -17.8% | -21.3% | +930.4% | -130.6% | |
| Operating Margin | -277.9% | -10.2% | 1.0% | -643.1% | -409.0% | -20.0% | -18.3% | -7.2% | -43.6% | -21.6% | -19.4% | -48.9% | -828.9% |
| — | +48.8% | +105.5% | -8845.7% | -838.4% | +7.1% | +5.9% | +85.3% | +94.7% | +40.0% | -40.5% | +84.0% | -6862.4% | |
| Net Margin | -266.3% | -20.7% | -0.2% | -566.9% | -424.9% | -40.5% | -19.6% | -13.8% | -49.2% | -25.3% | -40.4% | -75.3% | -804.3% |
| — | +48.9% | +99.2% | -4004.7% | -763.3% | -60.0% | +51.6% | +81.7% | +93.9% | +47.5% | +15.7% | +75.9% | -2928.3% |
| Metric | TTM | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -89.1% | -3.0% | -0.0% | -58.7% | -26.1% | -2.5% | -1.1% | -0.9% | -2.8% | -1.4% | -2.1% | -4.1% | -29.8% |
| — | -17.9% | +98.1% | -6166.0% | -847.6% | -73.7% | +47.2% | +77.1% | +90.8% | +7.4% | -28.0% | +60.8% | -3265.7% | |
| ROA | -68.1% | -2.2% | -0.0% | -44.7% | -21.2% | -2.1% | -0.9% | -0.7% | -2.2% | -1.1% | -1.6% | -3.1% | -23.9% |
| — | -5.4% | +98.3% | -5902.2% | -873.8% | -83.2% | +44.4% | +76.3% | +90.9% | +11.8% | -20.1% | +62.7% | -3315.2% | |
| ROIC | -66.2% | -1.1% | 0.1% | -47.2% | -17.9% | -0.9% | -0.8% | -0.3% | -1.7% | -0.8% | -0.7% | -1.8% | -20.8% |
| — | -19.3% | +113.2% | -13726.9% | -982.3% | -6.6% | -8.9% | +80.8% | +92.0% | -1.3% | -99.5% | +75.1% | -7637.1% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
The current ratio has improved 10.7% YoY to 2.81x, strengthening the short-term liquidity position. Debt/Equity has declined for 3 consecutive quarters, reflecting a deleveraging trend.
| Metric | TTM | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.22 | 0.21 | 0.21 | 0.22 | 0.13 | 0.11 | 0.11 | 0.11 | 0.14 | 0.16 | 0.17 | 0.18 | 0.18 |
| — | +91.0% | +90.9% | +96.2% | -11.7% | -30.6% | -32.6% | -36.5% | -18.7% | +14.9% | +14.8% | +26.2% | +12.7% | |
| Debt / EBITDA | — | — | 18.34 | — | — | — | — | 25.47 | — | — | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — | |
| Current Ratio | 2.46 | 2.81 | 2.62 | 2.46 | 2.62 | 2.54 | 2.47 | 2.27 | 1.92 | 1.63 | 1.54 | 1.79 | 1.61 |
| — | +10.7% | +5.9% | +8.5% | +36.5% | +56.2% | +60.2% | +26.9% | +18.8% | -14.9% | -53.7% | -37.7% | -34.4% | |
| Quick Ratio | 1.49 | 1.72 | 1.56 | 1.49 | 1.61 | 1.58 | 1.57 | 1.42 | 1.18 | 0.99 | 1.11 | 1.32 | 1.18 |
| — | +8.6% | -0.6% | +4.8% | +37.1% | +60.8% | +41.5% | +7.6% | -0.6% | -26.7% | -54.4% | -33.6% | -20.9% | |
| Interest Coverage | -55.23 | -4.15 | 0.31 | -364.09 | -90.71 | -5.44 | -3.72 | -1.75 | -9.64 | -4.84 | -3.49 | -17.90 | -1160.32 |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 43 years · Updated daily
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Quick answers to the most common questions about buying TLRY stock.
Tilray Brands, Inc.'s current P/E is -0.1x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
Tilray Brands, Inc.'s current operating margin is -277.9%. Margins have been expanding over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking Tilray Brands, Inc.'s business trajectory between earnings reports.