CRON vs VRNO Stock Comparison

Cronos and Verano Holdings Prices as of Oct 26, 2026 Peers: Industry group
CRON Cronos Group Inc.
$3.31 -0.9% 1M +31.3% 1Y
Market cap
$1.26B
P/E
18.1x
Revenue (TTM)
$236.78M
Div. yield
–
Cannabis Consumer Staples
7 wins
VRNO Verano Holdings Corp.
$5.08 -15.3% 1M -31.4% 1Y
Market cap
$372.38M
P/E
–
Revenue (TTM)
$835.52M
Div. yield
–
Cannabis Consumer Staples

Head to Head

7 decided of 12

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

QuestionCRONVRNOLeader
Larger companyMarket capitalisation $1.26B $372.38M CRON
Cheaper on earningsLower P/E, profitable companies only 18.1x -1.4x –
Cheaper on forward earningsLower price / next fiscal year consensus EPS 20.7x — –
Faster revenue growthRevenue growth, trailing twelve months +36.1% -1.4% CRON
More profitableNet margin, trailing twelve months 29.6% -30.9% CRON
Better return on capitalReturn on invested capital — -12.3% –
Less leveragedLower net debt / EBITDA — -24.5x –
Higher dividend yieldTrailing dividend yield 0.00% 0.00% –
Better 1-year returnPrice return, last 12 months +31.3% -31.4% CRON
Better 5-year returnAnnualised price return, 5 years -9.0%/yr -38.2%/yr CRON
Less volatileAnnualised volatility, 1 year 39.4% 120.3% CRON
Higher overall scoreMean of the five percentile scores vs peers 88/100 36/100 CRON

Percentile Scorecard

CRONVRNO

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

AxisCRONVRNO
Valuation 70 #12 of 38 14 #33 of 38
Growth 100 #1 of 35 24 #27 of 35
Profitability 77 #9 of 36 46 #20 of 36
Financial Health 100 #1 of 39 63 #15 of 39
Shareholder Returns 92 #2 of 13 –
Overall 88 36
  • CRON ranked among 40 companies in Tobacco and Cannabis
  • VRNO 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

PeriodCRONVRNOSPY
1 month -0.9%-15.3% -0.8%
3 months +15.7%-7.1% +3.5%
6 months +22.6%-23.0% +7.0%
Year to date +25.9%-19.4% +12.2%
1 year +31.3%-31.4% +13.0%
3 years +92.4%-68.7% +86.3%
3 years, per year +24.4%-32.1% +23.1%
5 years -37.4%-91.0% +68.6%
5 years, per year -9.0%-38.2% +11.0%

Risk

MeasureCRONVRNOSPY
Volatility, 1Y 39.4%120.3% 12.7%
Downside volatility, 1Y 36.1%114.0% 12.7%
Beta vs S&P 500, 1Y 0.600.93 1.00
Return / volatility, 1Y 0.80-0.26 1.02
Max drawdown, 5Y -75.9%-96.6% -25.4%
From 52-week high -6.8%-41.6% -1.8%
52-week high $3.55$8.70 $779.14
52-week low $2.30$3.95 $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.

MultipleCRONVRNO
P/E now vs peer median 17.7xmedian 16.5x -1.4xmedian 16.5x
P/S now vs peer median 5.2xmedian 0.9x 2.6xmedian 0.9x
EV/EBITDA now vs peer median 36.3xmedian 12.3x -199.9xmedian 12.3x
P/FCF now vs peer median 24.6xmedian 23.1x 48.3xmedian 23.1x
P/B now vs peer median 1.1xmedian 1.0x 3.3xmedian 1.0x
PEG now vs peer median 0.50median 0.56 0.02median 0.56

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 monthsCRONVRNO
Revenue $236.78M $835.52M
Gross profit $82.13M $399.61M
Operating income -$2.43M -$132.06M
Net income $77.88M -$258.48M
Free cash flow $49.82M $45.68M
R&D $5.36M –
EPS (diluted) $0.19 $-3.54
Cash & equivalents $467.02M $85.20M
Total debt – $392.61M
Shares (diluted) 375.06M 73.01M
Enterprise value -$2.01B $47.81M

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
MetricCRONVRNO
P/E 17.7x -1.4x
P/FCF 24.6x 48.3x
P/Operating cash flow 20.4x 24.7x
P/S 5.2x 2.6x
P/B 1.1x 3.3x
P/Tangible book 1.1x 17.4x
EV/EBITDA 36.3x -199.9x
EV/EBIT -177.1x -19.0x
EV/Revenue 1.8x 3.0x
EV/FCF 8.6x 55.0x
EV/Operating cash flow 7.2x 28.1x
PEG (3Y EPS CAGR) 0.50 0.02

Growth

14 metrics
MetricCRONVRNO
Revenue growth (1Y) 36.1% -1.4%
Revenue CAGR (3Y) 30.1% -3.0%
Gross profit growth (1Y) 92.5% -6.9%
Gross profit CAGR (3Y) 98.9% -3.9%
Operating income growth (1Y) 95.5% 46.3%
Operating income CAGR (3Y) 70.6% -7.7%
Net income growth (1Y) 264.6% 25.3%
Net income CAGR (3Y) 36.5% 2.8%
EPS growth (1Y) 288.8% -268.8%
EPS CAGR (3Y) 35.6% -62.7%
Operating cash flow growth (1Y) 199.9% 4.0%
Operating cash flow CAGR (3Y) 37.8% -0.8%
Free cash flow growth (1Y) 651.8% 594.0%
Free cash flow CAGR (3Y) 35.7% 2.4%

Profitability

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

Financial Health

11 metrics
MetricCRONVRNO
Debt / assets – 23.1%
Debt / equity – 0.6x
Net debt / EBITDA – -24.5x
Debt / FCF – 8.6x
Liabilities / assets 5.3% 60.2%
Equity / assets 94.7% 39.8%
Interest coverage – –
Current ratio 16.2x 3.7x
Quick ratio 14.8x 1.0x
Cash ratio 14.1x 0.8x
Altman Z-score 13.44 0.85

Shareholder Returns

7 metrics
MetricCRONVRNO
Dividend yield – –
Net buyback yield 3.2% –
Shareholder yield 3.2% –
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.

ConsensusCRONVRNO
Forward P/E 20.7xFY2026 –
EPS, next fiscal year $0.16FY2026 $-0.54FY2026
EPS growth, the year after +18.8% –
Revenue, next fiscal year $206.33MFY2026 $807.61MFY2026
Revenue growth, next FY +40.7%FY2026 -1.7%FY2026
Revenue growth, the year after +26.5% +9.1%

Institutional Ownership

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

CRONVRNO
CRON 1.00 0.47
VRNO 0.47 1.00

Add a Peer

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Frequently Asked Questions

Which is bigger, CRON and VRNO?

Cronos (CRON) is the largest by market capitalisation: Cronos (CRON) $1.26B, Verano Holdings (VRNO) $372.38M.

Which company is growing faster?

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

Which company is more profitable?

Cronos (CRON) has the highest net margin (Cronos (CRON) 29.6%, Verano Holdings (VRNO) -30.9%).

Which stock has performed better?

Over the past year Cronos (CRON) returned the most: Cronos (CRON) +31.3%, Verano Holdings (VRNO) -31.4%. Over five years, Cronos (CRON) compounded fastest (Cronos (CRON) -9.0%/yr, Verano Holdings (VRNO) -38.2%/yr). Returns are price only, before dividends.

Which stock is riskier?

By one-year price volatility, Cronos (CRON) has been the steadiest (Cronos (CRON) 39.4%, Verano Holdings (VRNO) 120.3%). Volatility measures how widely the price swings, not the risk of the business.

Do CRON and VRNO move together?

Their daily returns over the past year have a correlation of 0.47, a moderate positive relationship. Holding both diversifies more than two closely linked stocks would.

Which is the better stock, CRON and VRNO?

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.