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Side-by-side financial comparison of High Tide Inc. (HITI) and LTC PROPERTIES INC (LTC). Click either name above to swap in a different company.

High Tide Inc. is the larger business by last-quarter revenue ($142.5M vs $84.3M, roughly 1.7× LTC PROPERTIES INC). LTC PROPERTIES INC runs the higher net margin — 123.0% vs -1.9%, a 124.9% gap on every dollar of revenue.

High Tide Inc. is a Canada-based consumer retail and lifestyle company focused on the global cannabis sector. It operates a large network of licensed cannabis dispensaries across North America, sells cannabis consumption accessories and branded cannabis products, and runs multiple leading e-commerce platforms catering to recreational and medical cannabis users.

LTC Properties Inc is a U.S.-based real estate investment trust (REIT) that owns, finances, and manages seniors housing and healthcare-related real estate assets. Its core portfolio includes assisted living facilities, skilled nursing properties, memory care centers, and independent living communities for senior care and healthcare service operators.

HITI vs LTC — Head-to-Head

Bigger by revenue
HITI
HITI
1.7× larger
HITI
$142.5M
$84.3M
LTC
Higher net margin
LTC
LTC
124.9% more per $
LTC
123.0%
-1.9%
HITI

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
HITI
HITI
LTC
LTC
Revenue
$142.5M
$84.3M
Net Profit
$-2.7M
$103.7M
Gross Margin
Operating Margin
0.0%
Net Margin
-1.9%
123.0%
Revenue YoY
60.3%
Net Profit YoY
429.1%
EPS (diluted)
$2.19

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
HITI
HITI
LTC
LTC
Q1 26
$142.5M
Q4 25
$84.3M
Q3 25
$131.7M
$69.3M
Q2 25
$124.3M
$60.2M
Q1 25
$49.0M
Q4 24
$128.1M
$52.6M
Q3 24
$55.8M
Q2 24
$50.1M
Net Profit
HITI
HITI
LTC
LTC
Q1 26
$-2.7M
Q4 25
$103.7M
Q3 25
$991.0K
$-20.0M
Q2 25
$166.0K
$15.1M
Q1 25
$20.7M
Q4 24
$19.6M
Q3 24
$29.4M
Q2 24
$19.4M
Gross Margin
HITI
HITI
LTC
LTC
Q1 26
Q4 25
Q3 25
26.9%
Q2 25
28.4%
Q1 25
Q4 24
28.1%
Q3 24
Q2 24
Operating Margin
HITI
HITI
LTC
LTC
Q1 26
0.0%
Q4 25
Q3 25
2.3%
71.9%
Q2 25
1.6%
80.5%
Q1 25
37.8%
Q4 24
2.2%
Q3 24
95.5%
Q2 24
38.0%
Net Margin
HITI
HITI
LTC
LTC
Q1 26
-1.9%
Q4 25
123.0%
Q3 25
0.8%
-28.9%
Q2 25
0.1%
25.1%
Q1 25
42.2%
Q4 24
37.3%
Q3 24
52.6%
Q2 24
38.6%
EPS (diluted)
HITI
HITI
LTC
LTC
Q1 26
Q4 25
$2.19
Q3 25
$-0.44
Q2 25
$0.32
Q1 25
$0.45
Q4 24
$0.38
Q3 24
$0.66
Q2 24
$0.44

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
HITI
HITI
LTC
LTC
Cash + ST InvestmentsLiquidity on hand
$14.4M
Total DebtLower is stronger
$842.2M
Stockholders' EquityBook value
$1.1B
Total Assets
$2.1B
Debt / EquityLower = less leverage
0.78×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
HITI
HITI
LTC
LTC
Q1 26
Q4 25
$14.4M
Q3 25
$17.9M
Q2 25
$7.6M
Q1 25
$23.3M
Q4 24
$9.4M
Q3 24
$35.0M
Q2 24
$6.2M
Total Debt
HITI
HITI
LTC
LTC
Q1 26
Q4 25
$842.2M
Q3 25
$944.5M
Q2 25
$696.5M
Q1 25
$682.2M
Q4 24
$684.6M
Q3 24
$785.3M
Q2 24
$861.0M
Stockholders' Equity
HITI
HITI
LTC
LTC
Q1 26
Q4 25
$1.1B
Q3 25
$957.9M
Q2 25
$957.5M
Q1 25
$961.9M
Q4 24
$960.6M
Q3 24
$947.8M
Q2 24
$889.1M
Total Assets
HITI
HITI
LTC
LTC
Q1 26
Q4 25
$2.1B
Q3 25
$2.0B
Q2 25
$1.8B
Q1 25
$1.8B
Q4 24
$1.8B
Q3 24
$1.9B
Q2 24
$1.9B
Debt / Equity
HITI
HITI
LTC
LTC
Q1 26
Q4 25
0.78×
Q3 25
0.99×
Q2 25
0.73×
Q1 25
0.71×
Q4 24
0.71×
Q3 24
0.83×
Q2 24
0.97×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
HITI
HITI
LTC
LTC
Operating Cash FlowLast quarter
$136.0M
Free Cash FlowOCF − Capex
$128.7M
FCF MarginFCF / Revenue
152.7%
Capex IntensityCapex / Revenue
8.6%
Cash ConversionOCF / Net Profit
1.31×
TTM Free Cash FlowTrailing 4 quarters
$220.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
HITI
HITI
LTC
LTC
Q1 26
Q4 25
$136.0M
Q3 25
$38.4M
Q2 25
$30.0M
Q1 25
$29.6M
Q4 24
$125.9M
Q3 24
$34.0M
Q2 24
$37.0M
Free Cash Flow
HITI
HITI
LTC
LTC
Q1 26
Q4 25
$128.7M
Q3 25
$34.3M
Q2 25
$28.9M
Q1 25
$28.2M
Q4 24
$112.2M
Q3 24
$27.7M
Q2 24
$34.7M
FCF Margin
HITI
HITI
LTC
LTC
Q1 26
Q4 25
152.7%
Q3 25
49.4%
Q2 25
47.9%
Q1 25
57.6%
Q4 24
213.4%
Q3 24
49.7%
Q2 24
69.1%
Capex Intensity
HITI
HITI
LTC
LTC
Q1 26
Q4 25
8.6%
Q3 25
6.0%
Q2 25
1.9%
Q1 25
2.7%
Q4 24
26.0%
Q3 24
11.2%
Q2 24
4.6%
Cash Conversion
HITI
HITI
LTC
LTC
Q1 26
Q4 25
1.31×
Q3 25
Q2 25
1.99×
Q1 25
1.43×
Q4 24
6.43×
Q3 24
1.16×
Q2 24
1.91×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

HITI
HITI

Segment breakdown not available.

LTC
LTC

Seniors Housing Operating Portfolio Segment$72.1M86%
Other$12.2M14%

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