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Jushi vs Tilray Brands: revenue, profit, margins and growth compared

Jushi brought in $262.9M of revenue in fiscal 2025, Tilray Brands $915.5M in fiscal 2026. Revenue changed by +2.1% at Jushi and +11.5% at Tilray Brands on the year before, so Tilray Brands grew faster. Jushi kept -26.1% of its revenue as net profit, Tilray Brands -13.3%.

Side by side, latest fiscal year

JUSHTLRY
Fiscal year endedFY2025 (December 31, 2025)FY2026 (May 31, 2026)
Revenue$262.9M$915.5M
Revenue growth+2.1%+11.5%
Net income-$68.6M-$121.4M
Net margin-26.1%-13.3%
Free cash flow$1.6Mn/a
Free cash flow margin0.6%n/a
Earnings per share (diluted)-$0.35-$1.09
Cash$24M$226M
Debt$205.8M$120.4M
Price to earningsn/an/a
Market value$85.9M$308.8M
Dividend yieldn/an/a
Rank by revenue in sector#250 of 751 · Health care#159 of 751 · Health care

Over the years

Revenue
JUSH FY2020: $80.8MJUSH FY2022: $209.3MJUSH FY2022: $284.3MJUSH FY2023: $269.4MJUSH FY2024: $257.5MJUSH FY2025: $262.9MTLRY FY2021: $405.3MTLRY FY2020: $210.5MTLRY FY2021: $513.1MTLRY FY2022: $628.4MTLRY FY2023: $627.1MTLRY FY2024: $788.9MTLRY FY2025: $821.3MTLRY FY2026: $915.5MFY20FY21FY22FY23FY24FY25FY26
JUSH $262.9MTLRY $915.5M
Net income
JUSH FY2020: -$210.6MJUSH FY2022: $20.3MJUSH FY2022: -$202.3MJUSH FY2023: -$65.1MJUSH FY2024: -$48.8MJUSH FY2025: -$68.6MTLRY FY2021: -$102.5MTLRY FY2020: -$271.1MTLRY FY2021: -$367.4MTLRY FY2022: -$476.8MTLRY FY2023: -$1.5BTLRY FY2024: -$245MTLRY FY2025: -$2.2BTLRY FY2026: -$121.4MFY20FY21FY22FY23FY24FY25FY26
JUSH -$68.6MTLRY -$121.4M
Net margin
JUSH FY2020: -260.7%JUSH FY2022: 9.7%JUSH FY2022: -71.2%JUSH FY2023: -24.2%JUSH FY2024: -18.9%JUSH FY2025: -26.1%TLRY FY2021: -25.3%TLRY FY2020: -128.8%TLRY FY2021: -71.6%TLRY FY2022: -75.9%TLRY FY2023: -231.6%TLRY FY2024: -31.1%TLRY FY2025: -266.3%TLRY FY2026: -13.3%FY20FY21FY22FY23FY24FY25FY26
JUSH -26.1%TLRY -13.3%
Revenue growth
JUSH FY2022: +159.1%JUSH FY2022: +35.8%JUSH FY2023: -5.2%JUSH FY2024: -4.4%JUSH FY2025: +2.1%TLRY FY2020: -48.1%TLRY FY2021: +143.8%TLRY FY2022: +22.5%TLRY FY2023: -0.2%TLRY FY2024: +25.8%TLRY FY2025: +4.1%TLRY FY2026: +11.5%FY20FY21FY22FY23FY24FY25FY26
JUSH +2.1%TLRY +11.5%
Free cash flow
JUSH FY2020: -$35.1MJUSH FY2022: -$89.6MJUSH FY2022: -$78.3MJUSH FY2023: -$14.1MJUSH FY2024: $16.9MJUSH FY2025: $1.6MTLRY FY2021: -$199.4MTLRY FY2020: -$174MTLRY FY2021: -$83.6MTLRY FY2022: -$211.3MTLRY FY2023: -$12.9MTLRY FY2024: -$60.2MTLRY FY2025: -$127.5MFY20FY21FY22FY23FY24FY25
JUSH $1.6MTLRY -$127.5M

Fiscal years as each company reports them; the two may end in different months.

Questions about Jushi and Tilray Brands

Which is bigger by revenue, Jushi or Tilray Brands?

Tilray Brands is bigger by revenue: $915.5M in fiscal 2026, against $262.9M for Jushi in fiscal 2025.

Which keeps more of its revenue as profit, Jushi or Tilray Brands?

Jushi had a net margin of -26.1% in fiscal 2025; Tilray Brands had -13.3% in fiscal 2026.

Which grew revenue faster, Jushi or Tilray Brands?

In their latest fiscal years revenue changed by +2.1% at Jushi and +11.5% at Tilray Brands.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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