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Side-by-side financial comparison of High Tide Inc. (HITI) and UNITED STATES LIME & MINERALS INC (USLM). Click either name above to swap in a different company.

High Tide Inc. is the larger business by last-quarter revenue ($142.5M vs $87.9M, roughly 1.6× UNITED STATES LIME & MINERALS INC). UNITED STATES LIME & MINERALS INC runs the higher net margin — 34.7% vs -1.9%, a 36.6% 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.

United States Lime & Minerals Inc is a leading US-based natural resources enterprise that produces high-calcium lime, dolomitic lime, limestone and related mineral products. Its core client segments cover infrastructure construction, steel manufacturing, agricultural soil amendment, environmental emission control and industrial processing, serving customers across North America.

HITI vs USLM — Head-to-Head

Bigger by revenue
HITI
HITI
1.6× larger
HITI
$142.5M
$87.9M
USLM
Higher net margin
USLM
USLM
36.6% more per $
USLM
34.7%
-1.9%
HITI

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
HITI
HITI
USLM
USLM
Revenue
$142.5M
$87.9M
Net Profit
$-2.7M
$30.5M
Gross Margin
48.0%
Operating Margin
0.0%
41.0%
Net Margin
-1.9%
34.7%
Revenue YoY
9.8%
Net Profit YoY
13.2%
EPS (diluted)
$1.06

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
USLM
USLM
Q1 26
$142.5M
Q4 25
$87.9M
Q3 25
$131.7M
$102.0M
Q2 25
$124.3M
$91.5M
Q1 25
$91.3M
Q4 24
$128.1M
$80.1M
Q3 24
$89.4M
Q2 24
$76.5M
Net Profit
HITI
HITI
USLM
USLM
Q1 26
$-2.7M
Q4 25
$30.5M
Q3 25
$991.0K
$38.8M
Q2 25
$166.0K
$30.8M
Q1 25
$34.1M
Q4 24
$27.0M
Q3 24
$33.4M
Q2 24
$26.1M
Gross Margin
HITI
HITI
USLM
USLM
Q1 26
Q4 25
48.0%
Q3 25
26.9%
51.2%
Q2 25
28.4%
45.8%
Q1 25
50.6%
Q4 24
28.1%
44.3%
Q3 24
48.2%
Q2 24
45.5%
Operating Margin
HITI
HITI
USLM
USLM
Q1 26
0.0%
Q4 25
41.0%
Q3 25
2.3%
45.3%
Q2 25
1.6%
39.0%
Q1 25
43.7%
Q4 24
2.2%
38.8%
Q3 24
42.6%
Q2 24
39.1%
Net Margin
HITI
HITI
USLM
USLM
Q1 26
-1.9%
Q4 25
34.7%
Q3 25
0.8%
38.0%
Q2 25
0.1%
33.7%
Q1 25
37.4%
Q4 24
33.7%
Q3 24
37.3%
Q2 24
34.0%
EPS (diluted)
HITI
HITI
USLM
USLM
Q1 26
Q4 25
$1.06
Q3 25
$1.35
Q2 25
$1.07
Q1 25
$1.19
Q4 24
$-2.20
Q3 24
$1.16
Q2 24
$0.91

Balance Sheet & Financial Strength

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

Metric
HITI
HITI
USLM
USLM
Cash + ST InvestmentsLiquidity on hand
$371.1M
Total DebtLower is stronger
$0
Stockholders' EquityBook value
$630.8M
Total Assets
$681.0M
Debt / EquityLower = less leverage
0.00×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
HITI
HITI
USLM
USLM
Q1 26
Q4 25
$371.1M
Q3 25
$349.5M
Q2 25
$319.9M
Q1 25
$300.6M
Q4 24
$278.0M
Q3 24
$255.0M
Q2 24
$222.5M
Total Debt
HITI
HITI
USLM
USLM
Q1 26
Q4 25
$0
Q3 25
$0
Q2 25
$0
Q1 25
$0
Q4 24
$0
Q3 24
$0
Q2 24
$0
Stockholders' Equity
HITI
HITI
USLM
USLM
Q1 26
Q4 25
$630.8M
Q3 25
$602.3M
Q2 25
$563.3M
Q1 25
$532.2M
Q4 24
$497.7M
Q3 24
$474.2M
Q2 24
$441.1M
Total Assets
HITI
HITI
USLM
USLM
Q1 26
Q4 25
$681.0M
Q3 25
$652.8M
Q2 25
$607.4M
Q1 25
$585.3M
Q4 24
$543.2M
Q3 24
$521.8M
Q2 24
$484.2M
Debt / Equity
HITI
HITI
USLM
USLM
Q1 26
Q4 25
0.00×
Q3 25
0.00×
Q2 25
0.00×
Q1 25
0.00×
Q4 24
0.00×
Q3 24
0.00×
Q2 24
0.00×

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
USLM
USLM
Operating Cash FlowLast quarter
$45.6M
Free Cash FlowOCF − Capex
$25.7M
FCF MarginFCF / Revenue
29.2%
Capex IntensityCapex / Revenue
22.6%
Cash ConversionOCF / Net Profit
1.49×
TTM Free Cash FlowTrailing 4 quarters
$102.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
HITI
HITI
USLM
USLM
Q1 26
Q4 25
$45.6M
Q3 25
$45.9M
Q2 25
$34.0M
Q1 25
$39.4M
Q4 24
$38.6M
Q3 24
$39.0M
Q2 24
$21.2M
Free Cash Flow
HITI
HITI
USLM
USLM
Q1 26
Q4 25
$25.7M
Q3 25
$31.3M
Q2 25
$20.8M
Q1 25
$24.6M
Q4 24
$27.6M
Q3 24
$33.9M
Q2 24
$16.8M
FCF Margin
HITI
HITI
USLM
USLM
Q1 26
Q4 25
29.2%
Q3 25
30.7%
Q2 25
22.7%
Q1 25
26.9%
Q4 24
34.4%
Q3 24
37.9%
Q2 24
21.9%
Capex Intensity
HITI
HITI
USLM
USLM
Q1 26
Q4 25
22.6%
Q3 25
14.4%
Q2 25
14.5%
Q1 25
16.3%
Q4 24
13.8%
Q3 24
5.8%
Q2 24
5.7%
Cash Conversion
HITI
HITI
USLM
USLM
Q1 26
Q4 25
1.49×
Q3 25
1.18×
Q2 25
1.10×
Q1 25
1.16×
Q4 24
1.43×
Q3 24
1.17×
Q2 24
0.81×

Financial Flow Comparison

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

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