CURLF vs TLRY vs CRON Stock Comparison

Curaleaf Holdings, Tilray Brands and Cronos Prices as of Oct 27, 2026 Peers: Industry group
TLRY Tilray Brands, Inc.
$2.77 -32.9% 1M -81.2% 1Y
Market cap
$409.37M
P/E
–
Revenue (TTM)
$963.10M
Div. yield
–
Cannabis Consumer Staples
CRON Cronos Group Inc.
$3.38 +1.2% 1M +36.8% 1Y
Market cap
$1.25B
P/E
18.0x
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, Curaleaf Holdings 2). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionCURLFTLRYCRONLeader
Larger companyMarket capitalisation $2.27B $409.37M $1.25B CURLF
Cheaper on earningsLower P/E, profitable companies only -70.4x -2.2x 18.0x –
Cheaper on forward earningsLower price / next fiscal year consensus EPS 428.0x — 21.1x CRON
Faster revenue growthRevenue growth, trailing twelve months +3.0% +15.9% +36.1% CRON
More profitableNet margin, trailing twelve months -2.4% -17.1% 29.6% CRON
Better return on capitalReturn on invested capital 1.3% -5.0% — CURLF
Less leveragedLower net debt / EBITDA 2.4x — — –
Higher dividend yieldTrailing dividend yield — — — –
Better 1-year returnPrice return, last 12 months -0.5% -81.2% +36.8% CRON
Better 5-year returnAnnualised price return, 5 years -21.7%/yr -51.7%/yr -8.5%/yr CRON
Less volatileAnnualised volatility, 1 year 101.7% 77.7% 39.4% CRON
Higher overall scoreMean of the five percentile scores vs peers 63/100 47/100 88/100 CRON

Percentile Scorecard

CURLFTLRYCRON

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

AxisCURLFTLRYCRON
Valuation 60 #16 of 38 43 #22 of 38 70 #12 of 38
Growth 77 #9 of 35 74 #10 of 35 100 #1 of 35
Profitability 83 #7 of 36 31 #25 of 36 77 #9 of 36
Financial Health 47 #21 of 39 76 #10 of 39 100 #1 of 39
Shareholder Returns 50 #7 of 13 8 #12 of 13 92 #2 of 13
Overall 63 47 88
  • CURLF ranked among 40 companies in Tobacco and Cannabis
  • TLRY 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

PeriodCURLFTLRYCRONSPY
1 month -22.6%-32.9%+1.2% -0.2%
3 months -0.3%-31.3%+18.6% +3.9%
6 months -13.5%-57.8%+27.5% +8.2%
Year to date +13.2%-69.3%+28.5% +12.9%
1 year -0.5%-81.2%+36.8% +12.3%
3 years +2.6%-83.8%+96.5% +87.4%
3 years, per year +0.9%-45.5%+25.3% +23.3%
5 years -70.5%-97.4%-36.0% +67.9%
5 years, per year -21.7%-51.7%-8.5% +10.9%

Risk

MeasureCURLFTLRYCRONSPY
Volatility, 1Y 101.7%77.7%39.4% 12.7%
Downside volatility, 1Y 99.6%70.5%36.1% 12.7%
Beta vs S&P 500, 1Y 1.741.570.61 1.00
Return / volatility, 1Y 0.00-1.040.94 0.97
Max drawdown, 5Y -93.0%-97.9%-75.9% -25.4%
From 52-week high -39.3%-81.2%-4.8% -1.2%
52-week high $14.10$14.70$3.55 $779.14
52-week low $5.67$2.72$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.

MultipleCURLFTLRYCRON
P/E now vs peer median -70.4xmedian 16.7x -2.2xmedian 16.7x 18.0xmedian 16.7x
P/S now vs peer median 1.7xmedian 0.9x 0.4xmedian 0.9x 5.3xmedian 0.9x
EV/EBITDA now vs peer median 13.0xmedian 12.9x —median 12.9x 38.4xmedian 12.9x
P/FCF now vs peer median 28.6xmedian 23.2x -3.4xmedian 23.2x 25.2xmedian 23.2x
P/B now vs peer median 2.6xmedian 1.0x 0.3xmedian 1.0x 1.1xmedian 1.0x
PEG now vs peer median -1.65median 0.57 -0.04median 0.57 0.51median 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 monthsCURLFTLRYCRON
Revenue $1.31B $963.10M $236.78M
Gross profit $650.50M $280.48M $82.13M
Operating income $19.31M -$89.17M -$2.43M
Net income -$34.54M -$146.70M $77.88M
Free cash flow $79.21M -$118.82M $49.82M
R&D – $409.00K $5.36M
EPS (diluted) $-0.12 $-1.23 $0.19
Cash & equivalents $94.59M $218.34M $467.02M
Total debt $611.54M $201.42M –
Shares (diluted) 270.70M 133.34M 375.06M
Enterprise value $1.87B -$574.82M -$1.97B

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
MetricCURLFTLRYCRON
P/E -70.4x -2.2x 18.0x
P/FCF 28.6x -3.4x 25.2x
P/Operating cash flow 15.7x -4.9x 20.9x
P/S 1.7x 0.4x 5.3x
P/B 2.6x 0.3x 1.1x
P/Tangible book -25.6x 0.3x 1.1x
EV/EBITDA 13.0x – 38.4x
EV/EBIT 144.1x -4.4x -187.8x
EV/Revenue 2.1x 0.4x 1.9x
EV/FCF 35.1x -3.3x 9.2x
EV/Operating cash flow 19.2x -4.6x 7.6x
PEG (3Y EPS CAGR) -1.65 -0.04 0.51

Growth

14 metrics
MetricCURLFTLRYCRON
Revenue growth (1Y) 3.0% 15.9% 36.1%
Revenue CAGR (3Y) -0.8% 14.0% 30.1%
Gross profit growth (1Y) 3.6% 17.7% 92.5%
Gross profit CAGR (3Y) 3.2% 25.3% 98.9%
Operating income growth (1Y) -3.9% 96.0% 95.5%
Operating income CAGR (3Y) 29.6% 59.9% 70.6%
Net income growth (1Y) 85.0% 93.2% 264.6%
Net income CAGR (3Y) 56.8% 53.2% 36.5%
EPS growth (1Y) 87.3% 93.9% 288.8%
EPS CAGR (3Y) 42.7% 61.1% 35.6%
Operating cash flow growth (1Y) -5.8% -39.1% 199.9%
Operating cash flow CAGR (3Y) 16.3% -61.3% 37.8%
Free cash flow growth (1Y) 1,173% -23.3% 651.8%
Free cash flow CAGR (3Y) 45.9% -109.9% 35.7%

Profitability

14 metrics
MetricCURLFTLRYCRON
Gross margin 49.7% 29.1% 34.7%
EBITDA margin 16.4% – 5.0%
Operating margin 1.5% -9.3% -1.0%
Pretax margin -7.3% -13.0% 28.9%
Net margin -2.4% -17.1% 29.6%
FCF margin 6.1% -12.3% 21.0%
Operating cash flow margin 11.1% -8.8% 25.4%
Return on equity -3.8% -9.1% 7.1%
Return on assets -1.1% -6.3% 6.7%
Return on invested capital 1.3% -5.0% –
Return on capital employed 0.8% -4.7% -0.2%
Asset turnover 0.5x 0.4x 0.2x
Cash conversion (OCF / net income) -4.2x 0.6x 0.8x
Stock comp / revenue 3.3% 4.9% 2.7%

Financial Health

11 metrics
MetricCURLFTLRYCRON
Debt / assets 21.7% 8.7% –
Debt / equity 0.7x 0.1x –
Net debt / EBITDA 2.4x – –
Debt / FCF 7.7x -1.7x –
Liabilities / assets 69.2% 30.3% 5.3%
Equity / assets 30.8% 69.7% 94.7%
Interest coverage – – –
Current ratio 1.5x 1.9x 16.2x
Quick ratio 0.6x 1.0x 14.8x
Cash ratio 0.3x 0.5x 14.1x
Altman Z-score 0.51 -2.18 13.69

Shareholder Returns

7 metrics
MetricCURLFTLRYCRON
Dividend yield – – –
Net buyback yield -0.1% -39.1% 3.1%
Shareholder yield -0.1% -39.1% 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.

ConsensusCURLFTLRYCRON
Forward P/E 428.0xFY2026 – 21.1xFY2026
EPS, next fiscal year $0.02FY2026 $-0.55FY2026 $0.16FY2026
EPS growth, the year after -1,500.0% – +18.8%
Revenue, next fiscal year $1.41BFY2026 $1.13BFY2026 $206.33MFY2026
Revenue growth, next FY +10.9%FY2026 +23.7%FY2026 +40.7%FY2026
Revenue growth, the year after +0.6% -0.8% +26.5%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersCURLFTLRYCRON
Held by institutions 0.0% 10.6% 12.8%
Institutions holding 2 235 195
Change in shares held, QoQ -86.3% +33.7% -2.5%
Institutions buying 1 111 71
Institutions selling 1 54 41
Buyers to sellers 1.00 2.06 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.

CURLFTLRYCRON
CURLF 1.00 0.60 0.52
TLRY 0.60 1.00 0.58
CRON 0.52 0.58 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, CURLF, TLRY and CRON?

Curaleaf Holdings (CURLF) is the largest by market capitalisation: Curaleaf Holdings (CURLF) $2.27B, Tilray Brands (TLRY) $409.37M, Cronos (CRON) $1.25B.

Which company is growing faster?

Cronos (CRON) grew revenue fastest over the trailing twelve months: Curaleaf Holdings (CURLF) +3.0%, Tilray Brands (TLRY) +15.9%, Cronos (CRON) +36.1%.

Which company is more profitable?

Cronos (CRON) has the highest net margin (Curaleaf Holdings (CURLF) -2.4%, Tilray Brands (TLRY) -17.1%, Cronos (CRON) 29.6%). On return on invested capital, Curaleaf Holdings (CURLF) leads (Curaleaf Holdings (CURLF) 1.3%, Tilray Brands (TLRY) -5.0%).

Which stock has performed better?

Over the past year Cronos (CRON) returned the most: Curaleaf Holdings (CURLF) -0.5%, Tilray Brands (TLRY) -81.2%, Cronos (CRON) +36.8%. Over five years, Cronos (CRON) compounded fastest (Curaleaf Holdings (CURLF) -21.7%/yr, Tilray Brands (TLRY) -51.7%/yr, Cronos (CRON) -8.5%/yr). Returns are price only, before dividends.

Which stock is riskier?

By one-year price volatility, Cronos (CRON) has been the steadiest (Curaleaf Holdings (CURLF) 101.7%, Tilray Brands (TLRY) 77.7%, Cronos (CRON) 39.4%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, CURLF, TLRY 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.