CRLBF vs VRNO vs VREOF Stock Comparison

Cresco Labs, Verano Holdings and Vireo Growth Prices as of Oct 27, 2026 Peers: Industry group
CRLBF Cresco Labs Inc.
$0.62 -17.3% 1M -50.0% 1Y
Market cap
$220.10M
P/E
–
Revenue (TTM)
$651.13M
Div. yield
–
Cannabis Consumer Staples
1 win
VRNO Verano Holdings Corp.
$5.13 -14.5% 1M -26.7% 1Y
Market cap
$2.23B
P/E
–
Revenue (TTM)
$835.52M
Div. yield
–
Cannabis Consumer Staples
3 wins
VREOF Vireo Growth Inc.
$7.92 -29.2% 1M -57.8% 1Y
Market cap
$356.76M
P/E
–
Revenue (TTM)
$511.67M
Div. yield
–
Cannabis Consumer Staples
5 wins

Head to Head

9 decided of 12

Vireo Growth leads on 5 of the 12 questions below (Vireo Growth 5, Verano Holdings 3, Cresco Labs 1). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionCRLBFVRNOVREOFLeader
Larger companyMarket capitalisation $220.10M $2.23B $356.76M VRNO
Cheaper on earningsLower P/E, profitable companies only -2.1x -1.4x -5.3x –
Cheaper on forward earningsLower price / next fiscal year consensus EPS — — — –
Faster revenue growthRevenue growth, trailing twelve months -5.0% -1.4% +316.7% VREOF
More profitableNet margin, trailing twelve months -16.1% -30.9% -13.1% VREOF
Better return on capitalReturn on invested capital -4.4% -12.3% — CRLBF
Less leveragedLower net debt / EBITDA 22.4x -24.5x 4.7x VRNO
Higher dividend yieldTrailing dividend yield — — — –
Better 1-year returnPrice return, last 12 months -50.0% -26.7% -57.8% VRNO
Better 5-year returnAnnualised price return, 5 years -39.3%/yr -38.3%/yr -29.4%/yr VREOF
Less volatileAnnualised volatility, 1 year 122.7% 120.1% 76.0% VREOF
Higher overall scoreMean of the five percentile scores vs peers 38/100 36/100 51/100 VREOF

Percentile Scorecard

CRLBFVRNOVREOF

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

AxisCRLBFVRNOVREOF
Valuation 76 #10 of 38 14 #33 of 38 49 #20 of 38
Growth 9 #32 of 35 24 #27 of 35 53 #17 of 35
Profitability 51 #18 of 36 46 #20 of 36 57 #16 of 36
Financial Health 16 #33 of 39 63 #15 of 39 45 #22 of 39
Shareholder Returns – – –
Overall 38 36 51
  • CRLBF ranked among 40 companies in Tobacco and Cannabis
  • VRNO ranked among 40 companies in Tobacco and Cannabis
  • VREOF 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

PeriodCRLBFVRNOVREOFSPY
1 month -17.3%-14.5%-29.2% -0.2%
3 months -4.6%+1.0%-17.1% +3.9%
6 months -42.6%-18.6%-36.7% +8.2%
Year to date -49.6%-18.6%-56.9% +12.9%
1 year -50.0%-26.7%-57.8% +12.3%
3 years -46.6%-68.4%+38.9% +87.4%
3 years, per year -18.9%-31.9%+11.6% +23.3%
5 years -91.7%-91.1%-82.4% +67.9%
5 years, per year -39.3%-38.3%-29.4% +10.9%

Risk

MeasureCRLBFVRNOVREOFSPY
Volatility, 1Y 122.7%120.1%76.0% 12.7%
Downside volatility, 1Y 111.9%114.0%71.3% 12.7%
Beta vs S&P 500, 1Y 1.500.941.15 1.00
Return / volatility, 1Y -0.41-0.22-0.76 0.97
Max drawdown, 5Y -95.5%-96.6%-96.1% -25.4%
From 52-week high -67.7%-41.0%-60.8% -1.2%
52-week high $1.92$8.70$20.19 $779.14
52-week low $0.59$3.95$7.92 $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.

MultipleCRLBFVRNOVREOF
P/E now vs peer median -2.1xmedian 16.7x -1.4xmedian 16.7x -5.3xmedian 16.7x
P/S now vs peer median 0.3xmedian 0.9x 2.7xmedian 0.9x 0.7xmedian 0.9x
EV/EBITDA now vs peer median 34.7xmedian 12.9x -201.6xmedian 12.9x 14.1xmedian 12.9x
P/FCF now vs peer median 35.3xmedian 23.2x 48.8xmedian 23.2x -3.1xmedian 23.2x
P/B now vs peer median 0.8xmedian 1.0x 3.3xmedian 1.0x 0.8xmedian 1.0x
PEG now vs peer median -0.07median 0.57 0.02median 0.57 0.07median 0.57

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 monthsCRLBFVRNOVREOF
Revenue $651.13M $835.52M $511.67M
Gross profit $325.08M $399.61M $248.87M
Operating income -$33.18M -$132.06M $1.69M
Net income -$112.56M -$258.48M -$67.11M
Free cash flow $6.24M $45.68M -$116.31M
EPS (diluted) $-0.30 $-3.54 $-1.49
Cash & equivalents $32.87M $85.20M $122.70M
Total debt $1.76B $392.61M $300.10M
Shares (diluted) 355.01M 73.01M 45.09M
Enterprise value -$43.77M $1.90B -$147.80M

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
MetricCRLBFVRNOVREOF
P/E -2.1x -1.4x -5.3x
P/FCF 35.3x 48.8x -3.1x
P/Operating cash flow 5.1x 24.9x 13.6x
P/S 0.3x 2.7x 0.7x
P/B 0.8x 3.3x 0.8x
P/Tangible book -3.8x 17.6x 1.6x
EV/EBITDA 34.7x -201.6x 14.1x
EV/EBIT -18.6x -19.2x 314.6x
EV/Revenue 0.9x 3.0x 1.0x
EV/FCF 99.1x 55.5x -4.6x
EV/Operating cash flow 14.2x 28.4x 20.3x
PEG (3Y EPS CAGR) -0.07 0.02 0.07

Growth

14 metrics
MetricCRLBFVRNOVREOF
Revenue growth (1Y) -5.0% -1.4% 316.7%
Revenue CAGR (3Y) -6.7% -3.0% 87.9%
Gross profit growth (1Y) -4.2% -6.9% 330.7%
Gross profit CAGR (3Y) -3.3% -3.9% 88.9%
Operating income growth (1Y) -144.0% 46.3% -43.7%
Operating income CAGR (3Y) 37.3% -7.7% 132.3%
Net income growth (1Y) -123.6% 25.3% -59.7%
Net income CAGR (3Y) 23.9% 2.8% -21.5%
EPS growth (1Y) -150.2% -268.8% -1,879%
EPS CAGR (3Y) 29.6% -62.7% -72.0%
Operating cash flow growth (1Y) -63.3% 4.0% 252.1%
Operating cash flow CAGR (3Y) 2.6% -0.8% 65.4%
Free cash flow growth (1Y) -95.7% 594.0% -292.4%
Free cash flow CAGR (3Y) -62.6% 2.4% -100.1%

Profitability

14 metrics
MetricCRLBFVRNOVREOF
Gross margin 49.9% 47.8% 48.6%
EBITDA margin 2.7% -1.5% 7.4%
Operating margin -5.1% -15.8% 0.3%
Pretax margin -15.9% -24.5% -2.9%
Net margin -16.1% -30.9% -13.1%
FCF margin 1.0% 5.5% -22.7%
Operating cash flow margin 6.7% 10.7% 5.1%
Return on equity -59.3% -37.9% -4.1%
Return on assets -12.2% -15.2% -1.4%
Return on invested capital -4.4% -12.3% –
Return on capital employed -3.0% -8.3% 0.2%
Asset turnover 0.5x 0.5x 0.5x
Cash conversion (OCF / net income) -0.4x -0.3x -0.4x
Stock comp / revenue 2.3% 1.5% 4.3%

Financial Health

11 metrics
MetricCRLBFVRNOVREOF
Debt / assets 34.1% 23.1% 23.6%
Debt / equity 1.6x 0.6x 0.7x
Net debt / EBITDA 22.4x -24.5x 4.7x
Debt / FCF 69.1x 8.6x -2.6x
Liabilities / assets 79.2% 60.2% 65.3%
Equity / assets 20.8% 39.8% 34.7%
Interest coverage – – 0.1x
Current ratio 1.8x 3.7x 1.0x
Quick ratio 0.5x 1.0x 0.3x
Cash ratio 0.2x 0.8x 0.3x
Altman Z-score -1.00 0.87 0.32

Shareholder Returns

7 metrics
MetricCRLBFVRNOVREOF
Dividend yield – – –
Net buyback yield – – –
Shareholder yield – – –
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.

ConsensusCRLBFVRNOVREOF
EPS, next fiscal year $-0.03FY2026 $-0.54FY2026 $-0.07FY2026
Revenue, next fiscal year $637.07MFY2026 $807.61MFY2026 $728.10MFY2026
Revenue growth, next FY -2.9%FY2026 -1.7%FY2026 +170.9%FY2026
Revenue growth, the year after +3.0% +9.1% +63.8%

Institutional Ownership

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

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.

CRLBFVRNOVREOF
CRLBF 1.00 0.88 0.59
VRNO 0.88 1.00 0.56
VREOF 0.59 0.56 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, CRLBF, VRNO and VREOF?

Verano Holdings (VRNO) is the largest by market capitalisation: Cresco Labs (CRLBF) $220.10M, Verano Holdings (VRNO) $2.23B, Vireo Growth (VREOF) $356.76M.

Which company is growing faster?

Vireo Growth (VREOF) grew revenue fastest over the trailing twelve months: Cresco Labs (CRLBF) -5.0%, Verano Holdings (VRNO) -1.4%, Vireo Growth (VREOF) +316.7%.

Which company is more profitable?

Vireo Growth (VREOF) has the highest net margin (Cresco Labs (CRLBF) -16.1%, Verano Holdings (VRNO) -30.9%, Vireo Growth (VREOF) -13.1%). 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 Verano Holdings (VRNO) returned the most: Cresco Labs (CRLBF) -50.0%, Verano Holdings (VRNO) -26.7%, Vireo Growth (VREOF) -57.8%. Over five years, Vireo Growth (VREOF) compounded fastest (Cresco Labs (CRLBF) -39.3%/yr, Verano Holdings (VRNO) -38.3%/yr, Vireo Growth (VREOF) -29.4%/yr). Returns are price only, before dividends.

Which stock is riskier?

By one-year price volatility, Vireo Growth (VREOF) has been the steadiest (Cresco Labs (CRLBF) 122.7%, Verano Holdings (VRNO) 120.1%, Vireo Growth (VREOF) 76.0%). Volatility measures how widely the price swings, not the risk of the business.

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

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Vireo Growth (VREOF) leads on 5. 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.