CRON vs PM vs VFF Stock Comparison

Cronos, Philip Morris International and Village Farms International Prices as of Oct 27, 2026 Peers: Industry group
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CRON Cronos Group Inc.
$3.38 +1.2% 1M +36.8% 1Y
Market cap
$1.25B
P/E
17.8x
Revenue (TTM)
$236.78M
Div. yield
–
Cannabis Consumer Staples
4 wins

Head to Head

11 decided of 12

Philip Morris International leads on 4 of the 12 questions below (Philip Morris International 4, Cronos 4, Village Farms International 3). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionCRONPMVFFLeader
Larger companyMarket capitalisation $1.25B $317.02B $299.19M PM
Cheaper on earningsLower P/E, profitable companies only 17.8x 29.6x 13.2x VFF
Cheaper on forward earningsLower price / next fiscal year consensus EPS 21.1x 23.3x 15.2x VFF
Faster revenue growthRevenue growth, trailing twelve months +36.1% +7.9% +15.3% CRON
More profitableNet margin, trailing twelve months 29.6% 24.8% 9.8% CRON
Better return on capitalReturn on invested capital — 32.1% 7.2% PM
Less leveragedLower net debt / EBITDA — 2.2x -0.6x VFF
Higher dividend yieldTrailing dividend yield 0.00% 0.00% 0.00% –
Better 1-year returnPrice return, last 12 months +36.8% +32.3% -17.3% CRON
Better 5-year returnAnnualised price return, 5 years -8.5%/yr +16.1%/yr -19.4%/yr PM
Less volatileAnnualised volatility, 1 year 39.4% 28.2% 60.9% PM
Higher overall scoreMean of the five percentile scores vs peers 88/100 60/100 76/100 CRON

Percentile Scorecard

CRONPMVFF

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

AxisCRONPMVFF
Valuation 70 #12 of 38 57 #17 of 38 81 #8 of 38
Growth 100 #1 of 35 59 #15 of 35 85 #6 of 35
Profitability 77 #9 of 36 97 #2 of 36 94 #3 of 36
Financial Health 100 #1 of 39 26 #29 of 39 92 #4 of 39
Shareholder Returns 92 #2 of 13 – 25 #10 of 13
Overall 88 60 76
  • CRON ranked among 40 companies in Tobacco and Cannabis
  • PM ranked among 40 companies in Tobacco and Cannabis
  • VFF 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

PeriodCRONPMVFFSPY
1 month +1.2%+6.4%-18.3% -0.2%
3 months +18.6%+1.2%+26.3% +3.9%
6 months +27.5%+22.2%-7.5% +8.2%
Year to date +28.5%+26.3%-29.0% +12.9%
1 year +36.8%+32.3%-17.3% +12.3%
3 years +96.5%+131.7%+275.4% +87.4%
3 years, per year +25.3%+32.3%+55.5% +23.3%
5 years -36.0%+111.2%-66.0% +67.9%
5 years, per year -8.5%+16.1%-19.4% +10.9%
10 years —+111.6%— +261.1%
10 years, per year —+7.8%— +13.7%

Risk

MeasureCRONPMVFFSPY
Volatility, 1Y 39.4%28.2%60.9% 12.7%
Downside volatility, 1Y 36.1%28.6%60.8% 12.7%
Beta vs S&P 500, 1Y 0.61-0.171.50 1.00
Return / volatility, 1Y 0.941.14-0.28 0.97
Max drawdown, 5Y -75.9%-25.8%-94.8% -25.4%
From 52-week high -4.8%-1.4%-38.0% -1.2%
52-week high $3.55$205.60$4.18 $779.14
52-week low $2.30$144.33$1.84 $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.

MultipleCRONPMVFF
P/E now vs peer median 18.0xmedian 16.7x 29.5xmedian 16.7x 13.3xmedian 16.7x
P/S now vs peer median 5.3xmedian 0.9x 7.3xmedian 0.9x 1.4xmedian 0.9x
EV/EBITDA now vs peer median 38.4xmedian 12.9x 19.1xmedian 12.9x 5.2xmedian 12.9x
P/FCF now vs peer median 25.2xmedian 23.2x 23.2xmedian 23.2x -735.6xmedian 23.2x
P/B now vs peer median 1.1xmedian 1.0x -39.8xmedian 1.0x 1.0xmedian 1.0x
PEG now vs peer median 0.51median 0.57 2.95median 0.57 0.41median 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 monthsCRONPMVFF
Revenue $236.78M $43.14B $230.57M
Gross profit $82.13M $29.20B $102.12M
Operating income -$2.43M $16.66B $37.10M
Net income $77.88M $11.34B $23.08M
Free cash flow $49.82M $13.60B -$429.00K
R&D $5.36M – –
EPS (diluted) $0.19 $6.86 $0.18
Cash & equivalents $467.02M $6.68B $72.93M
Total debt – $47.56B $39.96M
Shares (diluted) 375.06M 1.56B 124.72M
Enterprise value -$2.03B $294.02B $12.05M

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
MetricCRONPMVFF
P/E 18.0x 29.5x 13.3x
P/FCF 25.2x 23.2x -735.6x
P/Operating cash flow 20.9x 20.8x 11.3x
P/S 5.3x 7.3x 1.4x
P/B 1.1x -39.8x 1.0x
P/Tangible book 1.1x -17.8x 1.1x
EV/EBITDA 38.4x 19.1x 5.2x
EV/EBIT -187.8x 21.4x 7.6x
EV/Revenue 1.9x 8.3x 1.2x
EV/FCF 9.2x 26.2x -658.8x
EV/Operating cash flow 7.6x 23.5x 10.1x
PEG (3Y EPS CAGR) 0.51 2.95 0.41

Growth

14 metrics
MetricCRONPMVFF
Revenue growth (1Y) 36.1% 7.9% 15.3%
Revenue CAGR (3Y) 30.1% 8.0% -6.5%
Gross profit growth (1Y) 92.5% 9.0% 77.7%
Gross profit CAGR (3Y) 98.9% 10.5% 42.8%
Operating income growth (1Y) 95.5% 12.7% 306.6%
Operating income CAGR (3Y) 70.6% 12.9% 45.2%
Net income growth (1Y) 264.6% 24.4% 125.3%
Net income CAGR (3Y) 36.5% 10.3% 32.9%
EPS growth (1Y) 288.8% 24.0% 98.4%
EPS CAGR (3Y) 35.6% 10.0% 32.1%
Operating cash flow growth (1Y) 199.9% 31.5% -29.6%
Operating cash flow CAGR (3Y) 37.8% 19.0% 55.2%
Free cash flow growth (1Y) 651.8% 34.3% -101.4%
Free cash flow CAGR (3Y) 35.7% 32.4% 73.4%

Profitability

14 metrics
MetricCRONPMVFF
Gross margin 34.7% 67.7% 44.3%
EBITDA margin 5.0% 43.4% 23.4%
Operating margin -1.0% 38.6% 16.1%
Pretax margin 28.9% 36.4% 15.1%
Net margin 29.6% 24.8% 9.8%
FCF margin 21.0% 31.5% -0.2%
Operating cash flow margin 25.4% 35.1% 12.1%
Return on equity 7.1% – 7.6%
Return on assets 6.7% 16.8% 5.6%
Return on invested capital – 32.1% 7.2%
Return on capital employed -0.2% 39.4% 10.2%
Asset turnover 0.2x 0.6x 0.6x
Cash conversion (OCF / net income) 0.8x 1.3x 1.2x
Stock comp / revenue 2.7% – 0.9%

Financial Health

11 metrics
MetricCRONPMVFF
Debt / assets – 71.3% 9.3%
Debt / equity – -6.0x 0.1x
Net debt / EBITDA – 2.2x -0.6x
Debt / FCF – 3.5x -93.2x
Liabilities / assets 5.3% 111.9% 27.1%
Equity / assets 94.7% -11.9% 72.9%
Interest coverage – – 17.0x
Current ratio 16.2x 1.0x 3.2x
Quick ratio 14.8x 0.5x 2.1x
Cash ratio 14.1x 0.3x 1.4x
Altman Z-score 13.69 4.79 2.42

Shareholder Returns

7 metrics
MetricCRONPMVFF
Dividend yield – 3.0% –
Net buyback yield 3.1% – -4.3%
Shareholder yield 3.1% 3.0% -4.3%
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.

ConsensusCRONPMVFF
Forward P/E 21.1xFY2026 23.3xFY2026 15.2xFY2026
EPS, next fiscal year $0.16FY2026 $8.68FY2026 $0.17FY2026
EPS growth, next FY – +15.1%FY2026 -5.6%FY2026
EPS growth, the year after +18.8% -0.8% +52.9%
Revenue, next fiscal year $206.33MFY2026 $42.48BFY2026 $229.27MFY2026
Revenue growth, next FY +40.7%FY2026 +4.5%FY2026 +6.2%FY2026
Revenue growth, the year after +26.5% +4.1% +24.2%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersCRONPMVFF
Held by institutions 12.8% 83.5% 24.7%
Institutions holding 195 2,928 100
Change in shares held, QoQ -2.5% +0.5% +24.0%
Institutions buying 71 1,471 37
Institutions selling 41 1,001 29
Buyers to sellers 1.73 1.47 1.28

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.

CRONPMVFF
CRON 1.00 0.02 0.50
PM 0.02 1.00 -0.07
VFF 0.50 -0.07 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, CRON, PM and VFF?

Philip Morris International (PM) is the largest by market capitalisation: Cronos (CRON) $1.25B, Philip Morris International (PM) $317.02B, Village Farms International (VFF) $299.19M.

Which stock is cheaper, CRON, PM and VFF?

Village Farms International (VFF) trades on the lowest price-to-earnings ratio (Cronos (CRON) 17.8x, Philip Morris International (PM) 29.6x, Village Farms International (VFF) 13.2x). On next year's consensus earnings, Village Farms International (VFF) is cheapest (Cronos (CRON) 21.1x, Philip Morris International (PM) 23.3x, Village Farms International (VFF) 15.2x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Cronos (CRON) grew revenue fastest over the trailing twelve months: Cronos (CRON) +36.1%, Philip Morris International (PM) +7.9%, Village Farms International (VFF) +15.3%.

Which company is more profitable?

Cronos (CRON) has the highest net margin (Cronos (CRON) 29.6%, Philip Morris International (PM) 24.8%, Village Farms International (VFF) 9.8%). On return on invested capital, Philip Morris International (PM) leads (Philip Morris International (PM) 32.1%, Village Farms International (VFF) 7.2%).

Which stock has performed better?

Over the past year Cronos (CRON) returned the most: Cronos (CRON) +36.8%, Philip Morris International (PM) +32.3%, Village Farms International (VFF) -17.3%. Over five years, Philip Morris International (PM) compounded fastest (Cronos (CRON) -8.5%/yr, Philip Morris International (PM) +16.1%/yr, Village Farms International (VFF) -19.4%/yr). Returns are price only, before dividends.

Which stock is riskier?

By one-year price volatility, Philip Morris International (PM) has been the steadiest (Cronos (CRON) 39.4%, Philip Morris International (PM) 28.2%, Village Farms International (VFF) 60.9%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, CRON, PM and VFF?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Philip Morris International (PM) leads on 4. 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.