CURLF vs TLRY vs VFF Stock Comparison

Curaleaf Holdings, Tilray Brands and Village Farms International Prices as of Oct 23, 2026 Peers: Industry group
TLRY Tilray Brands, Inc.
$2.81 -31.6% 1M -81.0% 1Y
Market cap
$363.35M
P/E
–
Revenue (TTM)
$963.10M
Div. yield
–
Cannabis Consumer Staples
1 win

Head to Head

10 decided of 12

Village Farms International leads on 7 of the 12 questions below (Village Farms International 7, Curaleaf Holdings 2, Tilray Brands 1). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionCURLFTLRYVFFLeader
Larger companyMarket capitalisation $2.11B $363.35M $295.13M CURLF
Cheaper on earningsLower P/E, profitable companies only -65.9x -2.2x 13.0x –
Cheaper on forward earningsLower price / next fiscal year consensus EPS 395.5x — 15.2x VFF
Faster revenue growthRevenue growth, trailing twelve months +3.0% +15.9% +15.3% TLRY
More profitableNet margin, trailing twelve months -2.4% -17.1% 9.8% VFF
Better return on capitalReturn on invested capital 1.3% -5.0% 7.2% VFF
Less leveragedLower net debt / EBITDA 2.4x — -0.6x VFF
Higher dividend yieldTrailing dividend yield 0.00% 0.00% 0.00% –
Better 1-year returnPrice return, last 12 months -10.0% -81.0% -18.4% CURLF
Better 5-year returnAnnualised price return, 5 years -23.7%/yr -52.1%/yr -19.9%/yr VFF
Less volatileAnnualised volatility, 1 year 101.5% 77.6% 61.3% VFF
Higher overall scoreMean of the five percentile scores vs peers 63/100 46/100 76/100 VFF

Percentile Scorecard

CURLFTLRYVFF

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

AxisCURLFTLRYVFF
Valuation 60 #16 of 38 41 #23 of 38 81 #8 of 38
Growth 77 #9 of 35 74 #10 of 35 85 #6 of 35
Profitability 83 #7 of 36 31 #25 of 36 94 #3 of 36
Financial Health 47 #21 of 39 76 #10 of 39 92 #4 of 39
Shareholder Returns 50 #7 of 13 8 #12 of 13 25 #10 of 13
Overall 63 46 76
  • CURLF ranked among 40 companies in Tobacco and Cannabis
  • TLRY 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

PeriodCURLFTLRYVFFSPY
1 month -33.5%-31.6%-15.1% -1.0%
3 months -13.7%-27.6%+33.7% +2.9%
6 months -20.1%-58.4%-9.2% +6.4%
Year to date +4.6%-68.9%-29.3% +11.4%
1 year -10.0%-81.0%-18.4% +13.1%
3 years -25.1%-85.4%+239.5% +79.4%
3 years, per year -9.2%-47.4%+50.3% +21.5%
5 years -74.2%-97.5%-67.0% +67.7%
5 years, per year -23.7%-52.1%-19.9% +10.9%

Risk

MeasureCURLFTLRYVFFSPY
Volatility, 1Y 101.5%77.6%61.3% 12.7%
Downside volatility, 1Y 98.8%70.4%61.2% 12.7%
Beta vs S&P 500, 1Y 1.681.561.47 1.00
Return / volatility, 1Y -0.10-1.04-0.30 1.03
Max drawdown, 5Y -93.0%-97.8%-94.8% -25.4%
From 52-week high -43.9%-81.1%-38.3% -2.5%
52-week high $14.10$14.90$4.18 $779.14
52-week low $5.67$2.81$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.

MultipleCURLFTLRYVFF
P/E now vs peer median -65.0xmedian 16.7x -2.3xmedian 16.7x 13.2xmedian 16.7x
P/S now vs peer median 1.6xmedian 0.9x 0.4xmedian 0.9x 1.4xmedian 0.9x
EV/EBITDA now vs peer median 12.2xmedian 12.2x —median 12.2x 5.2xmedian 12.2x
P/FCF now vs peer median 26.4xmedian 22.9x -3.5xmedian 22.9x -732.8xmedian 22.9x
P/B now vs peer median 2.4xmedian 1.0x 0.3xmedian 1.0x 1.0xmedian 1.0x
PEG now vs peer median -1.52median 0.55 -0.04median 0.55 0.41median 0.55

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 monthsCURLFTLRYVFF
Revenue $1.31B $963.10M $230.57M
Gross profit $650.50M $280.48M $102.12M
Operating income $19.31M -$89.17M $37.10M
Net income -$34.54M -$146.70M $23.08M
Free cash flow $79.21M -$118.82M -$429.00K
R&D – $409.00K –
EPS (diluted) $-0.12 $-1.23 $0.18
Cash & equivalents $94.59M $218.34M $72.93M
Total debt $2.27B $674.24M $143.96M
Shares (diluted) 270.70M 133.34M 124.72M
Enterprise value $1.71B -$604.15M $7.98M

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
MetricCURLFTLRYVFF
P/E -65.0x -2.3x 13.2x
P/FCF 26.4x -3.5x -732.8x
P/Operating cash flow 14.5x -4.9x 11.2x
P/S 1.6x 0.4x 1.4x
P/B 2.4x 0.3x 1.0x
P/Tangible book -23.6x 0.3x 1.1x
EV/EBITDA 12.2x – 5.2x
EV/EBIT 135.2x -4.4x 7.6x
EV/Revenue 2.0x 0.4x 1.2x
EV/FCF 33.0x -3.3x -655.9x
EV/Operating cash flow 18.0x -4.7x 10.1x
PEG (3Y EPS CAGR) -1.52 -0.04 0.41

Growth

14 metrics
MetricCURLFTLRYVFF
Revenue growth (1Y) 3.0% 15.9% 15.3%
Revenue CAGR (3Y) -0.8% 14.0% -6.5%
Gross profit growth (1Y) 3.6% 17.7% 77.7%
Gross profit CAGR (3Y) 3.2% 25.3% 42.8%
Operating income growth (1Y) -3.9% 96.0% 306.6%
Operating income CAGR (3Y) 29.6% 59.9% 45.2%
Net income growth (1Y) 85.0% 93.2% 125.3%
Net income CAGR (3Y) 56.8% 53.2% 32.9%
EPS growth (1Y) 87.3% 93.9% 98.4%
EPS CAGR (3Y) 42.7% 61.1% 32.1%
Operating cash flow growth (1Y) -5.8% -39.1% -29.6%
Operating cash flow CAGR (3Y) 16.3% -61.3% 55.2%
Free cash flow growth (1Y) 1,173% -23.3% -101.4%
Free cash flow CAGR (3Y) 45.9% -109.9% 73.4%

Profitability

14 metrics
MetricCURLFTLRYVFF
Gross margin 49.7% 29.1% 44.3%
EBITDA margin 16.4% – 23.4%
Operating margin 1.5% -9.3% 16.1%
Pretax margin -7.3% -13.0% 15.1%
Net margin -2.4% -17.1% 9.8%
FCF margin 6.1% -12.3% -0.2%
Operating cash flow margin 11.1% -8.8% 12.1%
Return on equity -3.8% -9.1% 7.6%
Return on assets -1.1% -6.3% 5.6%
Return on invested capital 1.3% -5.0% 7.2%
Return on capital employed 0.8% -4.7% 10.2%
Asset turnover 0.5x 0.4x 0.6x
Cash conversion (OCF / net income) -4.2x 0.6x 1.2x
Stock comp / revenue 3.3% 4.9% 0.9%

Financial Health

11 metrics
MetricCURLFTLRYVFF
Debt / assets 21.7% 8.7% 9.3%
Debt / equity 0.7x 0.1x 0.1x
Net debt / EBITDA 2.4x – -0.6x
Debt / FCF 7.7x -1.7x -93.2x
Liabilities / assets 69.2% 30.3% 27.1%
Equity / assets 30.8% 69.7% 72.9%
Interest coverage – – 17.0x
Current ratio 1.5x 1.9x 3.2x
Quick ratio 0.6x 1.0x 2.1x
Cash ratio 0.3x 0.5x 1.4x
Altman Z-score 0.45 -2.18 2.42

Shareholder Returns

7 metrics
MetricCURLFTLRYVFF
Dividend yield – – –
Net buyback yield -0.1% -38.6% -4.3%
Shareholder yield -0.1% -38.6% -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.

ConsensusCURLFTLRYVFF
Forward P/E 395.5xFY2026 – 15.2xFY2026
EPS, next fiscal year $0.02FY2026 $-0.56FY2026 $0.17FY2026
EPS growth, next FY – – -5.6%FY2026
EPS growth, the year after -1,500.0% – +52.9%
Revenue, next fiscal year $1.41BFY2026 $1.13BFY2026 $229.27MFY2026
Revenue growth, next FY +10.9%FY2026 +23.7%FY2026 +6.2%FY2026
Revenue growth, the year after +0.6% +0.1% +24.2%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersCURLFTLRYVFF
Held by institutions 0.0% 10.6% 24.7%
Institutions holding 2 235 100
Change in shares held, QoQ -86.3% +33.7% +24.0%
Institutions buying 1 111 37
Institutions selling 1 54 29
Buyers to sellers 1.00 2.06 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.

CURLFTLRYVFF
CURLF 1.00 0.60 0.43
TLRY 0.60 1.00 0.50
VFF 0.43 0.50 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, CURLF, TLRY and VFF?

Curaleaf Holdings (CURLF) is the largest by market capitalisation: Curaleaf Holdings (CURLF) $2.11B, Tilray Brands (TLRY) $363.35M, Village Farms International (VFF) $295.13M.

Which company is growing faster?

Tilray Brands (TLRY) grew revenue fastest over the trailing twelve months: Curaleaf Holdings (CURLF) +3.0%, Tilray Brands (TLRY) +15.9%, Village Farms International (VFF) +15.3%.

Which company is more profitable?

Village Farms International (VFF) has the highest net margin (Curaleaf Holdings (CURLF) -2.4%, Tilray Brands (TLRY) -17.1%, Village Farms International (VFF) 9.8%). On return on invested capital, Village Farms International (VFF) leads (Curaleaf Holdings (CURLF) 1.3%, Tilray Brands (TLRY) -5.0%, Village Farms International (VFF) 7.2%).

Which stock has performed better?

Over the past year Curaleaf Holdings (CURLF) returned the most: Curaleaf Holdings (CURLF) -10.0%, Tilray Brands (TLRY) -81.0%, Village Farms International (VFF) -18.4%. Over five years, Village Farms International (VFF) compounded fastest (Curaleaf Holdings (CURLF) -23.7%/yr, Tilray Brands (TLRY) -52.1%/yr, Village Farms International (VFF) -19.9%/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) 101.5%, Tilray Brands (TLRY) 77.6%, Village Farms International (VFF) 61.3%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, CURLF, TLRY 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 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.