CRLBF vs VRNO vs CRON Stock Comparison

Cresco Labs, Verano Holdings and Cronos Prices as of Oct 23, 2026 Peers: Industry group
CRLBF Cresco Labs Inc.
$0.60 -22.1% 1M -50.4% 1Y
Market cap
$227.20M
P/E
–
Revenue (TTM)
$651.13M
Div. yield
–
Cannabis Consumer Staples
1 win
VRNO Verano Holdings Corp.
$5.00 -19.0% 1M -32.4% 1Y
Market cap
$370.92M
P/E
–
Revenue (TTM)
$835.52M
Div. yield
–
Cannabis Consumer Staples
1 win
CRON Cronos Group Inc.
$3.35 -1.5% 1M +35.1% 1Y
Market cap
$1.24B
P/E
17.7x
Revenue (TTM)
$236.78M
Div. yield
–
Cannabis Consumer Staples
7 wins

Head to Head

9 decided of 12

Cronos leads on 7 of the 12 questions below (Cronos 7, Cresco Labs 1, Verano Holdings 1). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionCRLBFVRNOCRONLeader
Larger companyMarket capitalisation $227.20M $370.92M $1.24B CRON
Cheaper on earningsLower P/E, profitable companies only -2.2x -1.4x 17.7x –
Cheaper on forward earningsLower price / next fiscal year consensus EPS — — 23.9x –
Faster revenue growthRevenue growth, trailing twelve months -5.0% -1.4% +36.1% CRON
More profitableNet margin, trailing twelve months -16.1% -30.9% 29.6% CRON
Better return on capitalReturn on invested capital -4.4% -12.3% — CRLBF
Less leveragedLower net debt / EBITDA 22.4x -24.5x — VRNO
Higher dividend yieldTrailing dividend yield 0.00% 0.00% 0.00% –
Better 1-year returnPrice return, last 12 months -50.4% -32.4% +35.1% CRON
Better 5-year returnAnnualised price return, 5 years -40.5%/yr -38.3%/yr -9.9%/yr CRON
Less volatileAnnualised volatility, 1 year 122.5% 120.2% 39.4% CRON
Higher overall scoreMean of the five percentile scores vs peers 39/100 36/100 88/100 CRON

Percentile Scorecard

CRLBFVRNOCRON

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisCRLBFVRNOCRON
Valuation 78 #9 of 38 11 #34 of 38 70 #12 of 38
Growth 9 #32 of 35 24 #27 of 35 100 #1 of 35
Profitability 51 #18 of 36 46 #20 of 36 77 #9 of 36
Financial Health 16 #33 of 39 63 #15 of 39 100 #1 of 39
Shareholder Returns – – 92 #2 of 13
Overall 39 36 88
  • CRLBF ranked among 40 companies in Tobacco and Cannabis
  • VRNO ranked among 40 companies in Tobacco and Cannabis
  • CRON ranked among 40 companies in Tobacco and Cannabis

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodCRLBFVRNOCRONSPY
1 month -22.1%-19.0%-1.5% -1.0%
3 months -11.8%-8.8%+19.2% +2.9%
6 months -40.0%-13.8%+25.0% +6.4%
Year to date -51.2%-20.6%+27.4% +11.4%
1 year -50.4%-32.4%+35.1% +13.1%
3 years -61.8%-75.6%+80.1% +79.4%
3 years, per year -27.4%-37.5%+21.7% +21.5%
5 years -92.5%-91.0%-40.7% +67.7%
5 years, per year -40.5%-38.3%-9.9% +10.9%

Risk

MeasureCRLBFVRNOCRONSPY
Volatility, 1Y 122.5%120.2%39.4% 12.7%
Downside volatility, 1Y 112.3%113.8%36.1% 12.7%
Beta vs S&P 500, 1Y 1.490.880.59 1.00
Return / volatility, 1Y -0.41-0.270.89 1.03
Max drawdown, 5Y -95.5%-96.6%-75.9% -25.4%
From 52-week high -68.8%-42.5%-5.6% -2.5%
52-week high $1.92$8.70$3.55 $779.14
52-week low $0.59$3.95$2.30 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleCRLBFVRNOCRON
P/E now vs peer median -2.0xmedian 16.7x -1.4xmedian 16.7x 17.9xmedian 16.7x
P/S now vs peer median 0.3xmedian 0.9x 2.6xmedian 0.9x 5.2xmedian 0.9x
EV/EBITDA now vs peer median 34.3xmedian 12.2x -197.2xmedian 12.2x 37.5xmedian 12.2x
P/FCF now vs peer median 34.2xmedian 22.9x 47.5xmedian 22.9x 24.9xmedian 22.9x
P/B now vs peer median 0.8xmedian 1.0x 3.2xmedian 1.0x 1.1xmedian 1.0x
PEG now vs peer median -0.07median 0.55 0.02median 0.55 0.50median 0.55

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsCRLBFVRNOCRON
Revenue $651.13M $835.52M $236.78M
Gross profit $325.08M $399.61M $82.13M
Operating income -$33.18M -$132.06M -$2.43M
Net income -$112.56M -$258.48M $77.88M
Free cash flow $6.24M $45.68M $49.82M
R&D – – $5.36M
EPS (diluted) $-0.30 $-3.54 $0.19
Cash & equivalents $32.87M $85.20M $467.02M
Total debt $1.76B $392.61M –
Shares (diluted) 355.01M 73.01M 375.06M
Enterprise value $58.67M $46.35M -$2.04B

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricCRLBFVRNOCRON
P/E -2.0x -1.4x 17.9x
P/FCF 34.2x 47.5x 24.9x
P/Operating cash flow 4.9x 24.3x 20.7x
P/S 0.3x 2.6x 5.2x
P/B 0.8x 3.2x 1.1x
P/Tangible book -3.7x 17.2x 1.1x
EV/EBITDA 34.3x -197.2x 37.5x
EV/EBIT -18.4x -18.8x -183.2x
EV/Revenue 0.9x 3.0x 1.9x
EV/FCF 98.0x 54.2x 8.9x
EV/Operating cash flow 14.1x 27.7x 7.4x
PEG (3Y EPS CAGR) -0.07 0.02 0.50

Growth

14 metrics
MetricCRLBFVRNOCRON
Revenue growth (1Y) -5.0% -1.4% 36.1%
Revenue CAGR (3Y) -6.7% -3.0% 30.1%
Gross profit growth (1Y) -4.2% -6.9% 92.5%
Gross profit CAGR (3Y) -3.3% -3.9% 98.9%
Operating income growth (1Y) -144.0% 46.3% 95.5%
Operating income CAGR (3Y) 37.3% -7.7% 70.6%
Net income growth (1Y) -123.6% 25.3% 264.6%
Net income CAGR (3Y) 23.9% 2.8% 36.5%
EPS growth (1Y) -150.2% -268.8% 288.8%
EPS CAGR (3Y) 29.6% -62.7% 35.6%
Operating cash flow growth (1Y) -63.3% 4.0% 199.9%
Operating cash flow CAGR (3Y) 2.6% -0.8% 37.8%
Free cash flow growth (1Y) -95.7% 594.0% 651.8%
Free cash flow CAGR (3Y) -62.6% 2.4% 35.7%

Profitability

14 metrics
MetricCRLBFVRNOCRON
Gross margin 49.9% 47.8% 34.7%
EBITDA margin 2.7% -1.5% 5.0%
Operating margin -5.1% -15.8% -1.0%
Pretax margin -15.9% -24.5% 28.9%
Net margin -16.1% -30.9% 29.6%
FCF margin 1.0% 5.5% 21.0%
Operating cash flow margin 6.7% 10.7% 25.4%
Return on equity -59.3% -37.9% 7.1%
Return on assets -12.2% -15.2% 6.7%
Return on invested capital -4.4% -12.3% –
Return on capital employed -3.0% -8.3% -0.2%
Asset turnover 0.5x 0.5x 0.2x
Cash conversion (OCF / net income) -0.4x -0.3x 0.8x
Stock comp / revenue 2.3% 1.5% 2.7%

Financial Health

11 metrics
MetricCRLBFVRNOCRON
Debt / assets 34.1% 23.1% –
Debt / equity 1.6x 0.6x –
Net debt / EBITDA 22.4x -24.5x –
Debt / FCF 69.1x 8.6x –
Liabilities / assets 79.2% 60.2% 5.3%
Equity / assets 20.8% 39.8% 94.7%
Interest coverage – – –
Current ratio 1.8x 3.7x 16.2x
Quick ratio 0.5x 1.0x 14.8x
Cash ratio 0.2x 0.8x 14.1x
Altman Z-score -1.00 0.83 13.59

Shareholder Returns

7 metrics
MetricCRLBFVRNOCRON
Dividend yield – – –
Net buyback yield – – 3.1%
Shareholder yield – – 3.1%
Payout ratio (earnings) – – –
Payout ratio (FCF) – – –
Dividend growth (1Y) – – –
Dividend CAGR (3Y) – – –

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusCRLBFVRNOCRON
Forward P/E – – 23.9xFY2026
EPS, next fiscal year $-0.03FY2026 $-0.54FY2026 $0.14FY2026
EPS growth, the year after – – +21.4%
Revenue, next fiscal year $637.07MFY2026 $807.61MFY2026 $195.73MFY2026
Revenue growth, next FY -2.9%FY2026 -1.7%FY2026 +33.5%FY2026
Revenue growth, the year after +3.0% +9.1% +23.4%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersCRLBFVRNOCRON
Held by institutions 0.0% 0.2% 12.8%
Institutions holding 6 1 195
Change in shares held, QoQ -17.9% – -2.5%
Institutions buying 2 0 71
Institutions selling 0 1 41
Buyers to sellers – 0.00 1.73

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

CRLBFVRNOCRON
CRLBF 1.00 0.88 0.52
VRNO 0.88 1.00 0.47
CRON 0.52 0.47 1.00

Add a Peer

Largest companies in the same industry

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Frequently Asked Questions

Which is bigger, CRLBF, VRNO and CRON?

Cronos (CRON) is the largest by market capitalisation: Cresco Labs (CRLBF) $227.20M, Verano Holdings (VRNO) $370.92M, Cronos (CRON) $1.24B.

Which company is growing faster?

Cronos (CRON) grew revenue fastest over the trailing twelve months: Cresco Labs (CRLBF) -5.0%, Verano Holdings (VRNO) -1.4%, Cronos (CRON) +36.1%.

Which company is more profitable?

Cronos (CRON) has the highest net margin (Cresco Labs (CRLBF) -16.1%, Verano Holdings (VRNO) -30.9%, Cronos (CRON) 29.6%). On return on invested capital, Cresco Labs (CRLBF) leads (Cresco Labs (CRLBF) -4.4%, Verano Holdings (VRNO) -12.3%).

Which stock has performed better?

Over the past year Cronos (CRON) returned the most: Cresco Labs (CRLBF) -50.4%, Verano Holdings (VRNO) -32.4%, Cronos (CRON) +35.1%. Over five years, Cronos (CRON) compounded fastest (Cresco Labs (CRLBF) -40.5%/yr, Verano Holdings (VRNO) -38.3%/yr, Cronos (CRON) -9.9%/yr). Returns are price only, before dividends.

Which stock is riskier?

By one-year price volatility, Cronos (CRON) has been the steadiest (Cresco Labs (CRLBF) 122.5%, Verano Holdings (VRNO) 120.2%, Cronos (CRON) 39.4%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, CRLBF, VRNO and CRON?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Cronos (CRON) leads on 7. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.