CURLF vs GTBIF vs VFF Stock Comparison

Curaleaf Holdings, Green Thumb Industries and Village Farms International Prices as of Oct 28, 2026 Peers: Industry group

Head to Head

11 decided of 12

Village Farms International leads on 6 of the 12 questions below (Village Farms International 6, Green Thumb Industries 3, Curaleaf Holdings 2). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionCURLFGTBIFVFFLeader
Larger companyMarket capitalisation $2.26B $1.25B $314.36M CURLF
Cheaper on earningsLower P/E, profitable companies only -70.3x 11.2x 13.2x GTBIF
Cheaper on forward earningsLower price / next fiscal year consensus EPS 427.5x 37.8x 15.2x VFF
Faster revenue growthRevenue growth, trailing twelve months +3.0% +4.8% +15.3% VFF
More profitableNet margin, trailing twelve months -2.4% 10.5% 9.8% GTBIF
Better return on capitalReturn on invested capital 1.3% 2.3% 7.2% VFF
Less leveragedLower net debt / EBITDA 2.4x 0.9x -0.6x VFF
Higher dividend yieldTrailing dividend yield — — — –
Better 1-year returnPrice return, last 12 months +1.1% -9.8% -14.6% CURLF
Better 5-year returnAnnualised price return, 5 years -21.8%/yr -20.7%/yr -19.4%/yr VFF
Less volatileAnnualised volatility, 1 year 101.7% 79.8% 60.8% VFF
Higher overall scoreMean of the five percentile scores vs peers 63/100 85/100 76/100 GTBIF

Percentile Scorecard

CURLFGTBIFVFF

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

AxisCURLFGTBIFVFF
Valuation 60 #16 of 38 97 #2 of 38 81 #8 of 38
Growth 77 #9 of 35 91 #4 of 35 85 #6 of 35
Profitability 83 #7 of 36 91 #4 of 36 94 #3 of 36
Financial Health 47 #21 of 39 87 #6 of 39 92 #4 of 39
Shareholder Returns 50 #7 of 13 58 #6 of 13 25 #10 of 13
Overall 63 85 76
  • CURLF ranked among 40 companies in Tobacco and Cannabis
  • GTBIF 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

PeriodCURLFGTBIFVFFSPY
1 month -21.2%-18.2%-17.8% +0.9%
3 months +2.5%-6.5%+31.0% +5.9%
6 months -12.9%-16.6%-8.5% +8.5%
Year to date +13.1%-20.0%-29.3% +13.3%
1 year +1.1%-9.8%-14.6% +12.4%
3 years +2.5%-19.2%+273.9% +88.1%
3 years, per year +0.8%-6.9%+55.3% +23.5%
5 years -70.8%-68.6%-65.9% +68.2%
5 years, per year -21.8%-20.7%-19.4% +11.0%

Risk

MeasureCURLFGTBIFVFFSPY
Volatility, 1Y 101.7%79.8%60.8% 12.7%
Downside volatility, 1Y 99.5%68.0%60.6% 12.7%
Beta vs S&P 500, 1Y 1.740.911.50 1.00
Return / volatility, 1Y 0.01-0.12-0.24 0.98
Max drawdown, 5Y -93.0%-82.3%-94.8% -25.4%
From 52-week high -39.4%-33.6%-38.3% -0.9%
52-week high $14.10$9.69$4.18 $779.14
52-week low $5.67$5.29$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.

MultipleCURLFGTBIFVFF
P/E now vs peer median -70.3xmedian 16.6x 11.2xmedian 16.6x 13.2xmedian 16.6x
P/S now vs peer median 1.7xmedian 0.9x 1.0xmedian 0.9x 1.4xmedian 0.9x
EV/EBITDA now vs peer median 13.0xmedian 12.9x 4.8xmedian 12.9x 5.2xmedian 12.9x
P/FCF now vs peer median 28.6xmedian 23.3x 6.3xmedian 23.3x -732.8xmedian 23.3x
P/B now vs peer median 2.6xmedian 1.0x 0.7xmedian 1.0x 1.0xmedian 1.0x
PEG now vs peer median -1.64median 0.57 0.10median 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 monthsCURLFGTBIFVFF
Revenue $1.31B $1.21B $230.57M
Gross profit $650.50M $566.88M $102.12M
Operating income $19.31M $116.49M $37.10M
Net income -$34.54M $126.77M $23.08M
Free cash flow $79.21M $197.77M -$429.00K
EPS (diluted) $-0.12 $0.57 $0.18
Cash & equivalents $94.59M $283.59M $72.93M
Total debt $611.54M $566.02M $39.96M
Shares (diluted) 270.70M 222.78M 124.72M
Enterprise value $1.87B $106.48M $33.66M

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
MetricCURLFGTBIFVFF
P/E -70.3x 11.2x 13.2x
P/FCF 28.6x 6.3x -732.8x
P/Operating cash flow 15.6x 4.7x 11.2x
P/S 1.7x 1.0x 1.4x
P/B 2.6x 0.7x 1.0x
P/Tangible book -25.5x 0.9x 1.1x
EV/EBITDA 13.0x 4.8x 5.2x
EV/EBIT 144.0x 13.2x 7.6x
EV/Revenue 2.1x 1.3x 1.2x
EV/FCF 35.1x 7.8x -655.9x
EV/Operating cash flow 19.2x 5.7x 10.1x
PEG (3Y EPS CAGR) -1.64 0.10 0.41

Growth

14 metrics
MetricCURLFGTBIFVFF
Revenue growth (1Y) 3.0% 4.8% 15.3%
Revenue CAGR (3Y) -0.8% 5.8% -6.5%
Gross profit growth (1Y) 3.6% -4.8% 77.7%
Gross profit CAGR (3Y) 3.2% 3.9% 42.8%
Operating income growth (1Y) -3.9% -35.9% 306.6%
Operating income CAGR (3Y) 29.6% 9.2% 45.2%
Net income growth (1Y) 85.0% 337.8% 125.3%
Net income CAGR (3Y) 56.8% 105.8% 32.9%
EPS growth (1Y) 87.3% 363.5% 98.4%
EPS CAGR (3Y) 42.7% 109.5% 32.1%
Operating cash flow growth (1Y) -5.8% 21.4% -29.6%
Operating cash flow CAGR (3Y) 16.3% 8.3% 55.2%
Free cash flow growth (1Y) 1,173% 55.0% -101.4%
Free cash flow CAGR (3Y) 45.9% 112.4% 73.4%

Profitability

14 metrics
MetricCURLFGTBIFVFF
Gross margin 49.7% 46.9% 44.3%
EBITDA margin 16.4% 26.6% 23.4%
Operating margin 1.5% 9.6% 16.1%
Pretax margin -7.3% 23.2% 15.1%
Net margin -2.4% 10.5% 9.8%
FCF margin 6.1% 16.4% -0.2%
Operating cash flow margin 11.1% 22.2% 12.1%
Return on equity -3.8% 6.7% 7.6%
Return on assets -1.1% 4.4% 5.6%
Return on invested capital 1.3% 2.3% 7.2%
Return on capital employed 0.8% 4.5% 10.2%
Asset turnover 0.5x 0.4x 0.6x
Cash conversion (OCF / net income) -4.2x 2.1x 1.2x
Stock comp / revenue 3.3% 3.6% 0.9%

Financial Health

11 metrics
MetricCURLFGTBIFVFF
Debt / assets 21.7% 20.1% 9.3%
Debt / equity 0.7x 0.3x 0.1x
Net debt / EBITDA 2.4x 0.9x -0.6x
Debt / FCF 7.7x 2.9x -93.2x
Liabilities / assets 69.2% 33.9% 27.1%
Equity / assets 30.8% 66.1% 72.9%
Interest coverage – 5.5x 17.0x
Current ratio 1.5x 2.9x 3.2x
Quick ratio 0.6x 1.5x 2.1x
Cash ratio 0.3x 1.3x 1.4x
Altman Z-score 0.50 1.62 2.42

Shareholder Returns

7 metrics
MetricCURLFGTBIFVFF
Dividend yield – – –
Net buyback yield -0.1% 0.0% -4.3%
Shareholder yield -0.1% 0.0% -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.

ConsensusCURLFGTBIFVFF
Forward P/E 427.5xFY2026 37.8xFY2026 15.2xFY2026
EPS, next fiscal year $0.02FY2026 $0.17FY2026 $0.17FY2026
EPS growth, next FY – -64.6%FY2026 -5.6%FY2026
EPS growth, the year after -1,500.0% +47.1% +52.9%
Revenue, next fiscal year $1.41BFY2026 $1.17BFY2026 $229.27MFY2026
Revenue growth, next FY +10.9%FY2026 -1.1%FY2026 +6.2%FY2026
Revenue growth, the year after +0.6% +19.3% +24.2%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersCURLFGTBIFVFF
Held by institutions 0.0% 0.2% 24.7%
Institutions holding 2 5 100
Change in shares held, QoQ -86.3% +15.4% +24.0%
Institutions buying 1 4 37
Institutions selling 1 1 29
Buyers to sellers 1.00 4.00 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.

CURLFGTBIFVFF
CURLF 1.00 0.80 0.43
GTBIF 0.80 1.00 0.47
VFF 0.43 0.47 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, CURLF, GTBIF and VFF?

Curaleaf Holdings (CURLF) is the largest by market capitalisation: Curaleaf Holdings (CURLF) $2.26B, Green Thumb Industries (GTBIF) $1.25B, Village Farms International (VFF) $314.36M.

Which stock is cheaper, CURLF, GTBIF and VFF?

Green Thumb Industries (GTBIF) trades on the lowest price-to-earnings ratio (Curaleaf Holdings (CURLF) -70.3x, Green Thumb Industries (GTBIF) 11.2x, Village Farms International (VFF) 13.2x). On next year's consensus earnings, Village Farms International (VFF) is cheapest (Curaleaf Holdings (CURLF) 427.5x, Green Thumb Industries (GTBIF) 37.8x, 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?

Village Farms International (VFF) grew revenue fastest over the trailing twelve months: Curaleaf Holdings (CURLF) +3.0%, Green Thumb Industries (GTBIF) +4.8%, Village Farms International (VFF) +15.3%.

Which company is more profitable?

Green Thumb Industries (GTBIF) has the highest net margin (Curaleaf Holdings (CURLF) -2.4%, Green Thumb Industries (GTBIF) 10.5%, Village Farms International (VFF) 9.8%). On return on invested capital, Village Farms International (VFF) leads (Curaleaf Holdings (CURLF) 1.3%, Green Thumb Industries (GTBIF) 2.3%, Village Farms International (VFF) 7.2%).

Which stock has performed better?

Over the past year Curaleaf Holdings (CURLF) returned the most: Curaleaf Holdings (CURLF) +1.1%, Green Thumb Industries (GTBIF) -9.8%, Village Farms International (VFF) -14.6%. Over five years, Village Farms International (VFF) compounded fastest (Curaleaf Holdings (CURLF) -21.8%/yr, Green Thumb Industries (GTBIF) -20.7%/yr, Village Farms International (VFF) -19.4%/yr). Returns are price only, before dividends.

Which stock is riskier?

By one-year price volatility, Village Farms International (VFF) has been the steadiest (Curaleaf Holdings (CURLF) 101.7%, Green Thumb Industries (GTBIF) 79.8%, Village Farms International (VFF) 60.8%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, CURLF, GTBIF 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, Village Farms International (VFF) leads on 6. 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.